Testbook raises Rs 1.5 crore through LetsVentures and Ah! Ventures
Test preparation startup Testbook has raised Rs 1.5 crore angel investment from LetsVentures and Ah! Ventures along with a few other angel investors. Of this, Ah! Ventures has invested 25 lakhs into the company.
Founded in 2012, Testbook currently provides a series of mock tests to students to prepare for competitive exams like GATE, CAT, SBI Clerk & SBI PO and IBPS PO along with aptitude tests. The platform is currently available for free to all users and features around 10 mock tests per subject. Post the test, users can check the portfolio tab for statistics on how well they did. The platform also has a referral program which claims to unlock certain feature on referring friends.
AdPushup raises $632,000 in a round of angel funding
Advertising A/B testing platform AdPushup has raised $632,000 in a round of angel funding from several investors including Kima Ventures, Wingify founder Paras Chopra and SlideShare co-founder Amit Ranjan among others, reports NextBigWhat. Eleven other investors including CouponDunia co-founder Sameer Parwani, Nomura VP Shubham Gupta, LinkedIn Director -Technology Jonathan Boutelle and WebEngage co-founder Avlesh Singh also participated in this round.
AdPushup works by letting users install its wordpress plugin and create various ad variations using its visual editor. The platform then automatically performs A/B testing to find & serve the most relevant ads. The company claims to constantly monitor the ads to keep them optimized, and offers features like support for multiple websites, custom Adsense ad sizes, independent ad placements for mobile traffic and different ad sizes among others.
Intugine Technologies to raise between $80,000 to $100,000
Bangalore-based Intugine Technologies Pvt. Ltd is the process of raising between $80,000 to $100,000, from a group of angel investors to launch its motion-control wearable device called Nimble, reports LiveMint. Intugine co-founder told the publication that they have raised a part of the money already and they plan to close the investment in the next few days.
Intugine also has an ongoing campaign on the crowdfunding platform Indiegogo to raise an additional $50,000, although it seems to have raised only $3,088 out of its goal with five more days to go.
Priced at Rs 5,500, the product comes with two rings called Nimbles, a USB sensor and software. One ring goes on the index finger, the other on the thumb, as the software (in tandem with the USB sensor) tracks the user movement. The company claims the rechargeable rings can functionally replace the mouse and keyboard. The device is currently compatible with Windows, with support for other platforms in the works. It is currently available for pre-order and is expected to ship by Q2 2015.
SD Shibulal and Kris Gopalakrishnan plan up to $1 million investment on tech startups
Infosys co-founders SD Shibulal and Kris Gopalakrishnan are teaming up to invest and mentor early-stage startups, with a funding commitment of up to $1 million in each selected startup, reports The Economic Times. The duo will set up an incubator called Axilor Ventures, in partnership with Srinath Batni, who previously led delivery operations at Infosys.
The new venture is expected to start by the end of November and will focus on angel or seed investments on startups in areas like IoT (Internet of Things), wearables, healthcare and e-commerce sites. Axilor Ventures CEO Ganapathy Subramaniam mentioned the firm will look to invest anywhere between Rs 30 lakh and Rs 6 crore in each startup.