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Funding Roundup: Orobind, Daily Rounds, Qyk and Paytm

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Orobind raises $200,00 angel funding

Personal fitness coach app Orobind has raised angel funding of $200,000 from an angel group led by Harpreet Singh Grover and Zishaan Hayath who led Powai Lake Ventures, reports YourStory. The funding will go towards product enhancement, building an iOS app, hiring and marketing. The company also said that it does not have expansion plans this year and will focus on Bangalore where it is based.

Founded by Satya Vyas and Shubhanshu Srivastava, the Orobind app lets you choose a workout session recommending a coach who visits your house to start training with you. It lets you track your sessions and renew subscriptions. Orobind’s trainers will analyse that data. Users can also chat with experts and nutritionists through the app. The company claims that its experts go through a police verification, certification check and a demo and that the users’ phone numbers are not revealed to the experts. It adds that it will be able to sync with a user’s wearable fitness tracker soon.

The app is less than 3 months old and the company claims that it has seen 2000 sessions by over 45 trainers with 100 users in its 3 month existence. They also claim that 60-65% of Orobind users are women.


Daily Rounds raises seed funding of $500,000 

Bangalore-based mobile app Daily Rounds, a journal for medical cases and studies, has raised seed funding of $500,000 from Kae Capital, Teruhide Sato, founder, Beenos and GSF, reports ET. To monetise, the company will add subscriptions of case studies, ads and analytics in the future. Daily Rounds has partners in AIIMS Endocrinology and WikiDoc (Beth Israel Harvard) for case studies and expects to “ramp these up”.

The startup, which has 3 employees currently has expanded to add 5 more. Currently available only on Android, the company claims that its iOS app will be released in 2 months. Founded by Deepu Sebin, Nimmi Cherian  and Priyaank Choubey, the company claims that the app currently has over 45,000 doctors. It also says that 300 new doctors are added to its platform daily and aims to reach 200,000 more doctors by end of this year.


Qyk raises undisclosed amount of funding

Professional services provider marketplace Qyk has raised an undisclosed amount of funding from the investors like Zishaan Hayath of Powai Lake Ventures, Sahil Barua, CEO and co-founder of Delhivery, Abhishek Goyal, CEO and co-founder of Tracxn.com among others, reports ET.

Qyk is Bangalore based and lets users find professional services (home-related services not included) like tutors, coaches, interior designers and photographers among others. Launched in December 2014, Qyk was founded by Deepak Singhal, Sangharsh Boudhh, Anubhav Sahoo and Shobhit Singhal. At the time of writing, the app has had 50-100 downloads.


Ratan Tata now has a stake in Paytm

Ratan Tata has invested an undisclosed amount in e-wallet service provider and marketplace Paytm and will become an advisor on the company’s board, reports the TOI. Paytm is owned by One97. The funds will be used to set up 30,000-50,000 offline retail outlets and add 10,000 sellers to the platform.

Earlier last month, Chinese e-commerce giant Alibaba Group’s affiliate company Ant Financial Services, which operates the online payment solution AliPay, acquired a 25% stake in One97 Communications for an undisclosed amount. Paytm said then that it would use the funds to grow its mobile payment ecosystem, and on commerce user base acquisition.

The company also added that it plans to build 100 million wallets by the end of this year and claims to have 25 million active wallets which process 1 million transactions a day across the app and merchant tie-ups like Uber. They added that the average wallet balance is Rs 150.

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