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Funding Roundup: Grabhouse, WizRocket & Transerv

Grabhouse raises $500K from India Quotient

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Mumbai-based online roommate search engine Grabhouse has raised $500,000 from the existing investor India Quotient, reports TechCircle. The company had earlier raised an undisclosed amount of funding from India Quotient and MV Krishnan of Deutsche Bank in January this year.

The company plans to use the funds to increase search engine marketing (SEM) efforts and drive listings to the platform.

Grabhouse claims to have 53,000 broker-free houses listed on its platform and claims to be adding over 350 houses on a daily basis. Earlier this year, the property hunt website also underwent a makeover and added a flurry of new features to its site that will help people find roommates faster 

Prateek Shukla and Pankhuri Shrivastava co-founded the company in 2013. Grabhouse was one of the 10 start-ups incubated at the IQ boot camp.

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WizRocket raises seed funding from Accel Partners

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Mumbai-based start-up WizRocket has raised an undisclosed amount of seed investment from Accel Partners.

It had earlier raised seed funding from Haresh Chawla, the former Network18 CTO and currently a partner at the private equity firm India Value Fund Advisors, according to a The Economic Times report. Burrp co-founder and former Freecharge COO Deap Ubhi is also an angel investor in the company.

WizRocket is a SaaS-based user behavior analysis & targeting tool which aims to help web businesses interact with their users across offline and online mediums. It is currently in private beta and is expected to be launched by September 2014. Some of its private beta customers include BookMyShow, Pricebaba, HomeShop18 and the Nasdaq-listed Marchex.

The company is founded by Anand Jain who had earlier co-founded Burrp (later acquired by Network18) and other ex-Network18 employees Sunil Thomas and and Suresh Kondamudi.

Transerv raises Series B funding from Faering Capital’s India Evolving Fund

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Prepaid payments solution provider Transerv has raised an undisclosed amount in Series B funding from Faering Capital’s India Evolving Fund and existing investor Nirvana Venture Advisors, reports The Economic Times.

The company had previously raised an undisclosed amount of investment from Nirvana Venture Advisors in July 2012.

Transerv Co-founder and CEO Anish Williams told ET that the funds will used to scale up operations, improve its technology platform and for hiring.

Transerv executes projects in government grant disbursements, insurance and dairy payments. The company works with banks like Bank of India, RBL Bank, Kotak Mahindra Bank, Axis Bank and payment companies like RuPay and Visa to execute these projects.

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