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Funding roundup: AdStringO, Allizhealth, Voonik and PayMango

AdStringO raises $350K from Indian Angel Network Mobile content compression software startup AdStringO has raised $350K in the angel investment round from Indian Angel Network (IAN) in which a total of 40 investors include former Aditya Birla Realty Fund head Bharat Banka and Signal Lake Venture Capital’s managing director Satish Mehta, reports Techcircle. The company will deploy the funds to aid companies who use compressed content with lower data usage, and reach out to the rural consumers with poor internet bandwidth. The company claims that its algorithm reduces the file size of any data such as images, video, digital documents up to 90 percent without any loss of quality. It is currently a B2B product and its clients include L&T Finance, Johnson & Johnson, Club Mahindra and Tata Teleservices. The firm is looking to raise $3-5 million in pre-Series A round of funding to launch its B2C platform in September this year. *** Allizhealth raises $350K from Mumbai Angels, others Preventive healthcare start-up Allizhealth has raised $350K from Mumbai angels and other angel investors, including Dr. Ranjan Pai, Chairman of Manipal Education and medical group, and Mr. Rahil Shah, Director of NM Medical. The platform will use the funds to enhance its service offerings by improving its mobile app, and expanding the team to focus on the health analytics backend. The health management platform claims that it provides users to manage their conditions better and aid them to make the right health choices, at the right time. The company also…

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