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Funding roundup: Minio, Moovo, Cakart and SkillAngels

(By Mohammed Rumman and Sneha Johari)

Minio raises $3.3 million led by General Catalyst, Nexus Venture Partners

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Open source-based cloud object storage start up Minio has raised $3.3 million in seed funding led by General Catalyst Partners and Nexus Venture Partners, with participation from Yahoo co-founder Jerry Yang’s AME Cloud Ventures, Index Ventures, Mark Leslie, Brian Stevens, Ben Golub, Lanham Napier and Andrew Feldman, reports Techcircle. The company will deploy the funds to develop various aspects of the object storage project, such as Minio Server, Minio Client and Minio Libraries. The company, which was founded in November 2014 by AB Periasamy, Harshavardhana, Frederick Kautz and Garima Kapoor, offers open source cloud storage to app developers.

Moovo raises seed funding from YouWeCan, others

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On-demand booking platform for mini-trucks Moovo, which is owned and operated by OrbitNote Technologies Pvt. Ltd., has raised an undisclosed amount in seed funding led by cricketer Yuvraj Singh’s venture investment fund YouWeCan, with participation from Vikram Chachra from Eight Innovate, Bijay Sahoo from  Reliance Jio,  Nitin Sethi from India-Aon Hewitt,  Sameer Nagpal from  Cocubes.com, Doshi Diagnostics along with two other IIT-alumni Pratyush Prasanna and Anindya Shuvra Sen, reports Techcircle. The company plans to expand to six other cities but did not name the cities. Moovo users can book a truck in the Delhi-NCR region from its app, website or call centre. The startup is aggregating a fleet of trucks with verified drivers, which it claims will show up in under 30 minutes for pick-up.

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Cakart raises angel funding


Online education marketplace Cakart has raised an undisclosed amount of angel funding from Sunil Maheshwari and other unnamed individuals, reports VCCircle. Cakart will use the funds for geographical expansion, scaling its education products and adding to its team.


SkillAngels receives undisclosed funding from Sprout Angels, others

Edsix Brain Lab has raised an undisclosed amount of angel funding led by Sprouts Angels. The company will use the funds to expand it services to the B2C segment and strengthen its technology platform for B2B integration. IIM Ahmedabad’s CIIE has obtained a profitable partial exit in this round. Edsix offers Skill Angels, a gamified skill assessment and enhancement platform for K12 students, which the company claims to have been developed by educationists, clinical psychologists and developmental paediatricians.

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