wordpress blog stats
Connect with us

Hi, what are you looking for?

Funding roundup: Bite Club and Process9 raise $500,000 and undisclosed funds respectively

biteclub (1)

Food delivery startup Bite Club raises $500,000 from Powai Lake Ventures and angels

Gurgaon-based startup Bite Club has raised a seed funding of $500,000 from Powai Lake Ventures and angel investors Aneesh Reddy, Ashish Kashyap and Alok Mittal, reports VCCircle. The funding will go towards enhancing Bite Club’s technology and expanding to Delhi and Noida in the coming months.

Less than 6 months old, the company was founded in November 2014 by Prateek Agarwal, Aushim Krishan and Siddharth Sharma. The food-delivery startup deals with ~100 individuals who cook the food it delivers. It also allows chefs to sign up on its platform while sharing the revenues it makes.

The company claims to process 250-300 orders daily at an average order size costing Rs 180. To order, users can call, send a message on WhatsApp or book through the Android app or Facebook page.

****

process9 (1)

Process9 raises undisclosed funding from IAN Ventures and Alok Sharma

Bangalore based language translation startup Process9 has raised an undisclosed amount of funding led by IAN Ventures reports VCCircle. The funding included investments from Alok Sharma, CEO, Nature Eco Ventures, and IAN investors Kris Gopalakrishnan, Saurabh Srivastava, and Ajai Chowdhry. Alok Sharma has joined the company’s board, post the funding.

The funding will go towards further development of Process9’s IndicaWave and IndicaMobile products and scale its translation delivery capacity. The company plans to invest in digital marketing, acquire key customers and expand to some Asian countries.

Indic translation, transliteration and localisation:

Process9 claims to enable its customers to reach the top 35% of non-English literate population in India. It currently offers online translation and transliteration from English to Indic through an Application Program Interface (API). This API integrates into web or mobile apps. The translation service supports languages like Hindi, Marathi, Telugu, Tamil, Bengali and Kannada. The company is working on products and solutions in Natural Language Processing. It also offers localisation solutions to different industries.

Despite the burst of apps and web based services available to smartphone users in India, the amount of localised content available to these users is comparatively low. The company claims that 99.5% of Indians choose an Indian language as their primary language while 7% of Indians state English as a second language. Interestingly, the company is looking to hire over 15 translators as of this writing among other jobs in Gurgaon and Bangalore.

Process9 was founded in 2010 by Rakesh Kapoor, MD, and Devendra Joshi, Director, Software Development. It was set up with an initial investment of Rs 1 crore.

Also read: Bangalore based regional news aggregator NewsHunt acqui-hires Vauntz

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

Restaurant aggregator and food delivery company Zomato has raised US$660 million (over ₹4,850 crore), taking its valuation to ₹3.9 billion. CEO Deepinder Goyal tweeted...

News

The Securities and Exchange Board of India (SEBI) will now allow investors to make UPI payments to purchase public issues of debt securities, it...

News

The Indian government has amended the internet shutdown rules, formally known as the Temporary Suspension of Telecom Services Rules, to restrict the validity of...

News

Mobile number porting requests increased by 28.7% to 7.53 million requests in July 2020, compared to 5.85 million porting requests reported in June 2020....

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ