iTiffin raises $1 million in seed funding Bangalore-based online meals service iTiffin.in raised $1 million in seed funding from an undisclosed large Indian family office, reports Techcircle. The startup said it would look to raise a further $6 million in the next six month via a Series A round of funding, to expand into Delhi, Mumbai and Hyderabad. iTiffin, which provides calorie-based meal plans, will use the current funds to increase it operational efficiency, upgrade its online interface and add new features, venture into mid-night snacks segment and setup 10 retail centres. The startup aims to upgrade its kitchen to be able to process 10 lakh meals every month. The firm which claims to deliver about 10,000 'tiffins' a day, plans to develop a review mechanism for its users to monitor and educate them about wellness. It currently charges Rs 1750 - Rs 2600 depending on the meal, for 20 days/per month, one meal per day and charges Rs 5000- Rs 6000 per person for three month corporate plans. Manthan Software Services Pvt. Ltd. secures additional funding Bangalore-based business intelligence and Big Data analytics provider Manthan Software Services Pvt. Ltd. secured an undisclosed amount in additional funding from existing investors Norwest Venture Partners and Fidelity Growth Partner India, reports Techcircle. It is unclear how the company plans to utilize the funds. Founded in 2004, Manthan software provides retail solutions for supplier collaboration, store operations, finance analytics, human resource analytics etc., CPG solutions like direct2shopper marketing, shopper analytics etc., and analytics in…
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