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Funding roundup: Capital Mind, TripHobo and AppsDaily

Capital Mind raises funding from early stage investors


Capital Mind has raised an undisclosed amount of seed funding from early stage investors in India and the US. The platform will use the funds to build and market financial analytics platforms and products. The seed fund was led by Raghu Vohra of Blackstone Valley Group, who will also join the startup’s board.

Capital Mind works on a freemium model and provides charts and analysis for free. For premium member the platform provides in-depth analysis of stocks and fixed income about India. This includes macronomics, portfolios, optionalysis and ‘premium’ analytics. The company mentions it will soon introduce its Outliner and Insider data products as well as introducing ‘one-click’ investing themes.

TripHobo raises $3 million in series B round of funding


Trip planning startup TripHobo has raised $3 million in Series B funding from Mayfield and existing investor Kalaari Capital, reports ET Tech. The platform had previously raised an undisclosed amount of funding from Kalaari Capital in June last year.

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Founded in 2012 as JoGuru, TripHobo allows travellers to browse through a collection of crowd-sourced travel itineraries. One can either make use of the existing travel itineraries or edit the existing travel itineraries to change the listed attractions as per their preference. TripHobo claims to currently offer more than 70,000 user created itineraries and curated content for close to 400 tourist cities worldwide. The platform also claims to provide information for over 50,000 points of interests to help users plan their trip.

AppsDaily raises Rs 100 crore from Zodius Capital and others


AppsDaily Solutions has raised Rs 100 crore in a series C round of funding led by Zodius Capital and participation from Ru-Net, Indo US Venture Partners (IUVP) and Qualcomm Ventures. Mumbai Angel, a previous investor, partially exited the company through this round. The company will use the funds to expand its product offering, launch its digital platform, expand its retail distribution network and strengthen its management team.

Founded in 2009 by Arun and Ajay Menon, AppsDaily is a retail distribution network to sell mobile apps and services to smartphone customers. The platform currently offers products like mobile anti-virus, mobile insurance, backup solutions, SOS, mobile privacy, various utilities and mobile games. It claims to have over 3 million ‘paid customers’ across 700 cities and around 7000 retail distribution centres.

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