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Funding roundup: Guiddoo, Faircent, Shippr and Karma Recycling

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Guiddoo raises seed funding from six angel investors

Travel guide startup Guiddoo has raised an undisclosed amount of seed funding from six angel investors, including Pawan Borle from Fly Dubai, Abrar Ahmad from Travel Capitalist Ventures, Nirmal Singh from Ducab, Vishal Shah from AcFin Consulting; Sanjay Shah and Ushik Gala who are chartered accountants, reports NextBigWhat. The company will deploy the funds to create curated content for the top 25 inbound destinations globally and build an app with multiple Indian languages.

The company claims to have curated content for over 300+ monuments, attractions and locations around the world. It also claims that users visit seven screens per session usage of the Guiddoo app.

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Faircent raises $250K from Singapore-based M&S Partners

Peer-to-peer lending marketplace Faircent, which is run by Fairassets Technologies India,  has raised $250,000 in its pre-series A funding round from Singapore-based M&S Partners. The platform will use the funds to strengthen its technology, expand talent base and increase brand building, reports Techcircle.

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The lending company provides both retail and business loans. It claims that it has been developing a proprietary technology-enabled credit appraisal and borrower rating system in India. The platform helps users like to interact directly with fellow lenders, negotiate terms and conditions about interest rates, without any intervention from Faircent. The user should pay a minimul amount of listing fee to the company. The company claims that in the first nine months of operations, it registered lender commitment of Rs 2.2 crore and loan demand of over Rs 1.4 crore.

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Shippr raises $500K from i2india

Intra-city logistics aggregator startup Shippr has raised $500,000 seed-funding from i2india, reports Techcircle. The company is yet to announce the deployment of the funds. The company launched its operations in September last year and it became part of the i2india’s startup incubation programme Venture.

Fullscreen capture 16-06-2015 125100Karma Recycling raises funding from Low Carbon Enterprise Fund, Infuse Ventures

E-waste management startup Karma Recycling has raised an undisclosed amount from Infuse Ventures and Low Carbon Enterprise, reports Techcircle. The company will deploy the funds to develop technology and expand its consumer and retailer operations across the country.

The company said it segregates e-waste collected from corporates and households which are repaired and refurbished. The refurbished devices are resold in the second-hand market. Karma stated, the report added, that it offers an e-portal which allows to trade in over 3,000 models of working and non-working smartphones, tablets or laptops. It also claims to have recycled over 16,000 smartphones, tablets and laptops as of now.

The company reportedly have tied up with multi-store retailers such as Sangeetha Mobiles, Bharti Retail, Apple authorized stores and Future Group to enable an in-store exchange, buyback and reverse logistics.

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