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Funding roundup: Ather, Gigstart and SectorQube

Ather raises $1 million from Flipkart founders

Ather, an Electric vehicle startup that focuses on designing two wheelers for the Indian market, had raised $1 million investment from Flipkart founders Sachin & Binny Bansal with participation from Medall CEO Raju Venkatraman. The startup plans to use the funds for product development.

Founded by Tarun Mehta and Swapnil Jain in 2013, Ather is currently performing full vehicle design & testing and is in the process of bringing aboard manufacturing partners. The startup had previously raised its first round of funding In February this year from Aerospike founder Dr V Srinivas and the Indian government’s Technology Development Board.


Online party planning marketplace Gigstart raises over $200k

gigstartlogoOnline party planning marketplace Gigstart has raised $210,000 in seed funding from Indian Dream Capital, Rajesh Sawhney’s GSF, Rohit Bansal & Kunal Bahl of Snapdeal, Narendra Singh Rawat of FG Wilson, TA Venture Holding Limited, Roshan Abbas and Airtel’s Anand Chandrasekaran. Gigstart plans to use the funds on scaling up its product, marketing and expanding to new cities.

The startup essentially offers a marketplace that connects anchors, stand up comics, singers, dancers, make up artists, photographers and other entertainers and party service providers with party planners. GigStart co-founder Atit Jain claims that they have been witnessed a 30% month on month growth since its launch in December last year. It was part of GSF’s Global accelerator batch earlier this year.

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SectorQube’s MAID raises over $120k from Kickstarter

SectorQube Technologies’s Kickstarter campaign for its flagship product Microwave Android Integrated Device (MAID) has concluded with the startup raising an overall funding of $123,920, as against the target goal of $50,000.

Maid Oven

MAID is a microwave oven that doubles up as a kitchen assistant and features convection, microwave and top-heater modes. The product will be connected directly to the internet for access to crowd-sourced recipes and will let users search for recipes based on ingredients or the type of dish. Users will also be able to ask ‘Maid’ to recommend a dish. The company eventually plans to expand to other home appliances.

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