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Funding roundup: Phone Warrior, FindYahaan, Happay and Coverfox

Phone Warrior raises $450k from Lightspeed Venture


Mobile app Phone Warrior has raised around $450k in a round of pre-series A funding from existing investor Lightspeed Venture Partners, reports Techcircle. The platform will use the funds for technology development, marketing and to scale up its team. Phone Warrior had previously raised $550k from the same investor in December 2013, bringing the total amount raised to $1 million.

The Delhi-based startup recently also added a local services search directory to its mobile number locator app Toost. This app also offers call blocking functionality, and helps identify services provides not stored in the phonebook, while its flagship app Phone Warrior offers spam control on smartphones.

FindYahaan raises undisclosed amount from Phoenix Fund


Hyperlocal lifestyle services marketplace FindYahaan has raised an undisclosed amount in its second round of funding from the Phoenix Fund, reports Techcircle. The platform will use the funds to expand its team and to enhance customer service and experience.

Founded in 2013 by Rachit Mathur and Snehil Khanor, FindYahan provides a location based discovery platform for lifestyle services which enables skilled individuals and home businesses to their target customers. The platform is available only in the Delhi/NCR region for now, where it claims to have over 100,000 users and 4,000 service providers. FindYahaan had previously raised seed funding from Karan Bajwa, MD Microsoft India and other individual investors, just two months ago.

Happay raises $500,000 from AngelPrime


Payment services startup Happay has raised $500,000 in round of funding from AngelPrime reports ET Tech. The platform will use the funds for product development, marketing and to expand its technical and sales team. It was previously incubated by TLabs back in May 2013.

Happay operates a mobile wallet app of the same name, that syncs with mobile number and SIM card to allow P2P and B2C transactions. This ZipCash enabled mobile wallet does not require a bank account integration. However, users are required to submit KYC documents for transactions above Rs 10,000. The platform also tied-up with RBL Bank to launch Happay Visa Cards for corporate entities with built-in expense management service, earlier in February.

Coverfox secures $12 million from Accel and SAIF


Online insurance seller Coverfox has raised $12 million in its second round of funding from Accel US, Accel India and SAIF Partners, reports NextBigWhat. The platform will use the funds for enhancing its technology, brand building, scaling up customer support and bringing onboard new insurance products.

As of now, Coverfox provides a platform for users to search, compare, buy and manage insurance, including car insurance, bike insurance, health insurance, travel insurance and home insurance. Users can enter details like car age, model type, city of registration etc., to find insurance plans relevant to them. Note the platform had previously raised $2 million in a series A round of funding from Accel India and SAIF.

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