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Funding roundup: Goodservice, Vidgyor and Cupick

goodservice

Goodservice, a 24 hour chat-based concierge app, has raised seed funding worth $1.6 million from Sequoia Capital. Goodservice will invest the funds in technology and scale up its operations. Currently available as an Android app, the company plans to release the iOS app in the next couple of weeks. Paytm wallet will be integrated with the app soon, though no specific date has been mentioned yet.

It is also planning to expand to other cities in the country and the metros in phases from its current Delhi NCR offering. The company is planning to expand its operations at a target of Rs 1 crore per day worth of service and product requests with the funding.

The app asks for a name and phone number for a login and users can submit payment and address info later. users can search for local services like running errands, electricians, plumbing, dance classes, food items among other things through chat. It gives the option to call from the chat as well and attach images if needed. The company claims that it will do the booking, calling as well as follow up on the request. Cancellations of request can take place before the service has been used and the money can either be held as Goodservice money or be refunded into the Paytm wallet.

Goodservice was founded by Vipul Aggarwal and Ruchir Jain last year. The team currently has 40 members and claims to process requests in local services and commerce worth Rs 30 lakh every day through its app.

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vidgyor

Marketing technology startup Vidgyor has raised $500,000 from AngelPrime. With the funds, the company plans to expand to Southeast Asia in the next 6 months, expand its user base, develop its technology and increase marketing. The company is also looking to tie up with global content distributors on its platforms. Vidgyor was a part of Times Internet’s startup accelerator TLabs’ fifth batch from its accelerator program, termed as the Spring 2014 batch which was held between February and June 2014.

Vidgyor enables broadcasters and content distributors to offer personalised video ads for their live stream channels as opposed to showing the same ads from television, which are live streamed from satellites. Vidgyor ties up with ad networks to increase ad inventory for them, while optimising revenues from aggregating ad networks. The ads are also targeted by relevance for the user base.

Founded by Mahboob Khan and Parth Desai, the platform also offers multi-screen streaming solutions for video publishers. Vidgyor claims that its complete platform runs in real time through an API which is embedded into the broadcaster’s website, which, too, is customised at times. Through this, it is able to serve real time geo-specific ads filtered by product choices among other factors.

It is also working on making the streaming lag free as is possible, with an AI which will detect the coming of an ad to cache the live stream. The platform claims that it replaces the broadcast TV ads with personalised video ads across platforms from third party ad networks or in house ad sales. Currently an 8 member team, Vidgyor claims to have clients in YuppTV, IndiaTV and another TV channel.

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cupick

Cupick, a platform where artists can sell their artwork, has raised seed funding worth $120,000 (Rs 75 lakh) from JKN Partners (angel syndicate), JK Patel, Sushil Agarwal from India and Kalpesh Shethia, Rajeev Mudumba, Dinesh Tadepalli and Sudheshna Vuppala from the US, among others. This funding came through via TermSheet.io, an online platform which connects founders and investors, looking to get seed funded or to seed fund.

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Cupick will use the funds to expand its product line offering, product development and add to its team across verticals. It will also look to add to its assets and user acquisition. Run by Garage Labs Technologies, the platform claims that it handles the production, packaging, shipping, payments and customer service once an artist uploads their artwork to the platform. Launched in September last year, the company claims that so far, over 2,500 artists have registered on its site, uploading over 7,500 artworks.

 

Written By

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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