wordpress blog stats
Connect with us

Hi, what are you looking for?

Demach Software, Mavin Technologies, LivQuik & CarIQ raise funding at QPrize


(Jalaja Ramanunni & Vikas SN)

Chennai-based Demach Software has received $125,000 investment from Qualcomm Ventures and Accel Partners as the winner of the India edition of Qualcomm Ventures’ QPrize competition. The startup will now compete for an additional $150,000 in venture financing at the QPrize Global competition in San Francisco next month.

Demach Software has developed a mobile user-engagement solution called Konotor which claims to offer a two-communication channel between app developers and their users through an in-app chat window. The company says developers can use this solution to engage with their users, provide customer support and offer targeted promotions.

Gurgaon-based Mavin Technologies has received $75,000 investment from Qualcomm Ventures and Accel Partners as the runner-up of the competition. While we were unable to find a web presence for the company, Qualcomm says the company incentivises targeted prepaid smartphone users with mobile data by connecting them to advertisers.

Besides this, Mumbai-based LivQuik Technology and Pune-based CarIQ Technologies have also received a grant of $25,000 from One97 Mobility Fund and Persistent Systems respectively.


LivQuik provides a mobile wallet called QuikWallet that allows users to store their credit card, debit, loyalty, and prepaid cards. The company had previously raised an undisclosed amount of funding from Snow Leopard Technology Ventures in December last year.

CarIQ Logo

CarIQ Technologies on the other hand, has developed a connected car platform which allow users to remotely manage, monitor, and interact with their vehicle. Users can plug in the CarIQ device to their cars and use its iOS and Android devices to get driving alerts like towing alerts, crash alerts and over speeding alerts among others, get service reminders, view location & drive information and keep a track of how their car is being driven. The device is currently available for pre-order at Rs 5,999.

You May Also Like


The National Payments Corporation of India is in the process of rolling out a completely open source platform for the Unified Payments Interface (UPI)...


MobiKwik’s net revenues grew by 134% to ₹379 crore at the end of FY20 from ₹162 crore on the back of higher revenue from...


Non-bank lender Bajaj Finance is planning to enter the competitive Unified Payments Interface (UPI) market with its own third-party app called Bajaj Pay. The...


Digital payment adoption has grown significantly in the last year, reflecting a secular trend among Indian consumers and businesses, TR Ramachandran VISA Inc’s group...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ