Manthan System raises $62 million from Temasek and Norwest
Data analytics firm Manthan System has raised $62 million in round of funding led by Temasek and participation from existing investor Norwest Venture Partners, reports the Times of India. This is Manthan’s fourth round of funding, it had previously raised additional funding from Norwest and Fidelity Growth Partners in August 2014 and had raised $15 million in a Series C round of funding from Norwest Venture Partners back in February 2012. It’s first round of funding had come from IDG Ventures and DFJ ePlanet in 2007. DFJ exited during the second round, and IDG exited over the last two rounds.
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 human engineering, performance management, role-based analytics, intuitive user design etc. The firm currently claims to have had added 28 customers in the last year and seen a revenue growth of over 70% annually. Along with Bangalore, it also operates out of the US, the UK, Singapore, Brazil and the Philippines.
Aisle Network raises $100,000 in seed funding
Aisle Network Pvt Ltd, which owns the matchmaking site aisle.co, has raised $100,000 in seed funding from Shashank Mehrotra of BigRock and Anand Vijay of Microsoft among others, reports Techcircle. The startup will use the funds for hiring, especially for the technology team.
Founded in 2014 by Barun Kurien, the website is a platform for urban Indians seeking long term relationships. Users can sign into the platform either using Facebook or LinkedIn credentials, post which they have to enter various details including drinking/smoking habits, tattoos, weight, interests etc. along with a couple of photos to register. It currently claims to have over 4000 users from 30 countries.
Kobster raises seed funding from Splice Advisors
Kobster Eshop Pvt Ltd, which operates the corporate consumables e-commerce site Kobster.com, has raised an undisclosed amount of seed funding led by the venture capital firm Splice Advisors reports Techcircle. The startup will use the funds to expand to five-six other cities in a year and half, to build its technology and for customer acquisition.
Founded in July 2012 by Vineet Neeraj, Karthik R and Mohan G, the startup targets SMEs, other startups, home offices and individual customers, to provide various business consumables through its online platform. This includes basic office supplies, pantry supplies, housekeeping products, furniture etc, along with features like inventory management, spends management, analytics, cost optimisation suggestions and centralised invoicing. Operating in Chennai and Bangalore, Kobster currently counts companies like Bhadra, SabMiller, Hyundai, Hospira, BGR Energy and ABB etc., as its clients.