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Funding roundup: Round One, CollateBox and RazorPay

Round One raises $1 million from Shine.com and Arun Duggal


Delhi-based networking platform for job seekers Round One has raised $ 1 million in a Series A round of funding led by Shine.com and angel investor Arun Duggal, reports YourStory. The startup will use the funding for hiring, marketing and product development.

The startup works by offering job seekers a 30 minute guaranteed phone interview with employees in a company of their choice, for a fee. The interviewer evaluates the candidate and decides whether to refer them internally for a job, which prioritizes their applications. Founded in 2011, the company currently claims to have over 2 million registered job seekers. The platform charges its users Rs 70 for a basic membership (extra charges on referral acceptance) and Rs 1199 for a premium membership with 6 months of unlimited interactions.

CollateBox raises over Rs 1 crore in angel funding


CollateBox has raised over Rs 1 crore in a round of funding from a group of angel investors and Teninnovate through the LetsVenture platform. The startup will use the funds to introduce its product in international markets.

CollateBox offers an enterprise collaboration platform which lets co-workers collect and share data. The platform is similar to Google Docs, and offers the creation of data lists (like excel sheets), with auto backups, charts and analysis and alerts or notifications. The service also offers SSL and data encryption and costs $9.99 per month.

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RazorPay raises $120,000 from YCombinator


Online payments provider RazorPay has raised $120,00 from YCombinator and will now undergo an intensive 3-month mentoring program through the platform.

Founded by Shashank Kumar and Harshil Mathur, RazorPay provides a platform for small businesses, startups and other traditional SME organisations like schools, colleges and training centres to start accepting online payments. It claims to support all major credit and debit cards, and charges 2.5% per successful transaction for its free account, and 2% per successful transaction for its business account which costs Rs 5000 per year. The platform also offers unique features for educational institutions, like a dashboard to keep track of fees paid/unpaid etc., and a student dashboard for student’s to keep track of fees due/overdue etc.

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