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Funding Roundup: Akara, SeekSherpa, Talview, Room n House

Akara Logo

Akara Research and Technologies, a research and analytics firm from Chennai, has raised an undisclosed amount of angel investment from RiverBridge Investment Advisors Pvt Ltd, a boutique investment bank operating in Chennai and Bangalore, reports Techcircle.

Akara provides data solutions to banks, governments and corporates. It claims to collate relevant information from various disparate sources and consolidates it for better decision making. Some of its products include:

– IndRegistry is an interactive database on new capital formation in India, which claims to track all Industrial Entrepreneur Memorandum filings. The online database provides information about new industrial undertakings in the industry, undertakings which are undergoing expansion and undertakings which intend to develop new products or services.

– Roads India is an interactive database on the road sector projects build on public-private-partnerships (PPP) development models in India. It provides details on new road projects including the project location, cost involved in creating new roads, project implementation progress and the expected date of project completion among others.

– PlanYourBiz is an e-learning platform which provides budding entrepreneurs with information about entrepreneurship, various central and state government schemes available and a few case studies to prepare their business plan.

Akara is currently executing various projects, including a GIS-based MIS (Management Information System) for Tamil Nadu government’s directorate of Town Panchayat in Ponneri Town, mapping of Micro, Small and Medium Enterprises for the Tamil Nadu State Planning Commission in three districts and GIS based Constituency Information System for a local politician.

It has previously completed a project on the planning of public sanitation project for Tirupati Municipality with support from GIZ Delhi.



SeekSherpa, a mobile travel marketplace from Delhi has raised undisclosed amount of seed investment from a group of angel investors associated with the early stage accelerator VentureNursery, reports The Economic Times. Note that SeekSherpa was part of VentureNursery’s fourth startup batch which graduated in March this year.

The angels who participated in this investment round include Patni brothers Amit and Arihant Patni, Everest Flavours founder Anand Ladsariya, Fame Cinemas founder Shravan Shroff and former Starcom MediaVest Group CEO (South East & South Asia) Ravi Kiran.

SeekSherpa allows locals from Indian cities and various tourist locations like Srinagar, Delhi and Jaipur to become a “Sherpa” who can provide tour experiences that apparently costs less than Rs. 3000 per tour participant. The company takes a 20% commission from the Sherpas for each tour booked.

The app is currently in test mode. It however claims to already have about 500 Sherpas from eight cities who have listed over 100 tour experiences.


Talview Logo

Talview, previously known as the Interview Master, has raised follow-on funding from Mayfield Ventures, reports Business Standard. While the investment amount was undisclosed, the report cites a source to suggest that Mayfield is picking up 15-20% stake in the company.

Talview had previously raised investment from the angel-backed startup accelerator VentureNursery. It had also received a seed funding of $100,000 while being part of 500 Startups’ ninth startup batch in May this year.

Talview is an asynchronous video interview tool. Basically, an interviewer can set up basic interview questions, technical and non-technical, and invite candidates to the online interviews. The candidates can attend these interviews anytime at their convenience who can then be shortlisted by the interviewer. This avoids spending time interviewing poor fit candidates, or losing good candidates due to scheduling problems. The candidates themselves save time by avoiding physically going to interviews they aren’t a good fit for and by being able to attend interviews anytime, anywhere.

The tool also creates a database of all the candidates who attempt the interview which can be reused later by the interviewing organization. The company offer this service through three packages – a 10 interview free trial program, a 50 interviews Basic package priced at $150 and a 200 interviews Standard package priced at $299.



Mumbai-based Vacation rentals site Room n House has raised close to Rs 1 crore bridge investment from Euphoria Ventures, reports The Economic Times. Euphoria Ventures CEO Ashish Patel had earlier made an undisclosed angel investment in the company at the ideation stage.

The company plans to use this investment to expand its operations in India. RoomnHouse co-founder Rakesh Singh told the publication that they are also launching mobile apps shortly.

Room n House essentially works on the model of AirBnB. Property owners can list their accommodations, varying from a spare room to a holiday home and earn extra money by renting it out to travellers.

In May this year, Oravel Stays Pvt Ltd which operated the online short stay accommodation booking site Oravel.com, had raised investment from DSG Consumer Partners and Lightspeed Venture Partners. However, the company had shut Oravel last month and had shifted focus to its budget hotel chain OYO Rooms.

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