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Funding roundup: Vaave, PriceTree, Youth4Work and YouTellMe

Vaave raises Rs 25 lakh from Utthishta Yekum Fund

vaavelogoVaave, a platform that helps educational institutions build a networking portal for alumni, has secured Rs 25 lakh from Hyderabad-based seed fund Utthishta Yekum Fund that bought 9% stake in the startup.

Vaave’s portal building platform currently offers features like alumni profile, alumni funds, jobs and internships, events and reunions, news makers and achievements and discussion boards among others. The portal also helps educational institutions set up online stores, to sell their official merchandise through its AlmaStore merchandise store. Additionally, it offers a placement and training portal, a student’s portal and an event registrations system. As of now, it claims around 50 institutions, including IIT-K, ICT Mumbai and CBIT Hyderabad, use its platform.

PriceTree selected for FBStart

pricetree-logoPrice comparison app PriceTree.com has been selected by Facebook for its FBStart programme, which helps early-stage mobile startups build and grow their apps, reports Techcircle. As a part of the programme, the startup will get $20,000 in funding in addition to an opportunity to promote its app on Facebook and its 20 network platforms and direct access to the Facebook team.

PriceTree is a shopping comparison app for retailers and shoppers, which claims to have over 5 million products from over 2000 stores listed on its platform. It also offers a ‘price intelligence solution’ for retailers, which monitors price changes from competitors, and alerts when items are out of stock at competing stores. The system also allows retailers to see overall price trends for given products.

Youth4Work raises $0.5m from angel investors

youth4worklogoDelhi-based startup Youth4Work, that offers pre-assessed talent-for-hire to companies, has raised $0.5 million bridge capital from a group of investors including Dan Sandhu, Sanjay Bansal, GAP investments and Aurum Equity Partners, reports NextBigWhat. The company will use the funds to scale up its products and for marketing purposes.

The platform works by first gauging a person’s proficiency in a particular skill and assigning a yRank to each talent, based on performance in the yTest, profile completeness, talent discussion forums, social couches, etc. This pre-assessed profile is then presented to companies for hiring more efficiently. It also lets companies engage people with specific skills for specific activities.

YouTellMe raises $100,000 from Bright Ventures

youtellmelogoOnline price comparison and product discovery portal YouTellMe has raised $100,000 from the early stage investment firm Bright Ventures. The company said it plans to raise additional funds from investors to support further optimizing the platform and expand its team.

YouTellMe lets users compare price of products from multiple online stores in categories like electronics, mobile phones, fashion, home and kitchen, health and beauty etc. The platform also lets users rate and review products and online stores, to help other buyers make informed choices. Currently the website works with over 30 online stores and claims to have over 3 million products listed on the platform.

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