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Funding Roundup: CreditMantri, Buttercups and Aagaar

CreditMantri raises $2.5M from IDG, Elevar and Accion Venture Lab

creditmantri

Online credit management service CreditMantri has raised Series A funding worth $2.5 million from IDG Ventures, Elevar Equity and Accion Venture Lab, reports VCCircle. CreditMantri will use the funds for platform development, hiring and build a user base. CreditMantri was founded by R Sudarshan, Gowri Mukherjee and Punja in 2012. It lets users do a credit health check, credit analysis and credit health improvement program, look for suitable credit cards and loans and EMI cost reduction techniques. It claims to have over 20,000 registered clients and 8 loan provider tie ups.

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Buttercups raises undisclosed amount of angel funding

buttercups

Bangalore based lingerie startup Buttercups has raised an undisclosed amount of angel funding from Kanwaljit Singh, Sridhar Viswanathan, Manoj Varghese and Angie Mahtaney among others, reports NextBigWhat. Singh has also joined on the company’s advisory board. The company crowdsourced before its funding to get to its current stage and intends to use the funds for brand development and expand its product offering.

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Aagar raises undisclosed amount of angel funding

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aagaar

Hyperlocal grocery delivery service Aagaar has raised an undisclosed amount of angel funding from a group of investors, reports VCCircle. Aagaar will use the money to restructure its portal, add to its warehouse infrastructure and delivery setup, while starting operations in Gurgaon. It will also start deliveries in more locations. Aagaar provides fruits and veggies, groceries, dairy products, beverages, personal care and utilities on its portal.

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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