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Funding roundup: Sigrid, Fracktal Works, BabyChakra and PayMango

E-learning startup Sigrid raises funds from Oliphans Capital


E-learning startup Sigrid has raised an undisclosed amount of funding from Oliphans Capital. The startup will use the funds for developing content and technology and for marketing. Founded by Ajit Maheswari, Atul Kasaundhan and Aakash Aggarwal, the startup mentions it will provide courses in 50 most popular test preparation and K12 curriculum exams over the next six months. The courseware and teaching material will be recorded by the platform itself, which it claims provides a one on one teaching experience to students. As of now, the platform claims to have over 100,000 users onboard.

3D printing startup Fracktal Works raises seed funding


3D printing and product development startup Fracktal Works has raised an undisclosed amount of seed funding from 1 Neoteric Technology Solutions, at a valuation of $3 million, reports YourStory. The company will use the funds for R&D with a focus on niche verticals in 3D printing like jewellery,dental and biomedical devices. The company will also expand its team by hiring industrial designers and embedded system programmers. As of now Fracktal manufactures its own brand of 3D printers called Julia, and provide customised services to different clients including Toshiba, Cisco and L&T.

Hyperlocal marketplace PayMango raises Rs 1-1.5 Cr seed funding


Hyperlocal marketplace PayMango has raised between Rs 1-1.5 crore in seed funding from undisclosed investors, reports NextBigWhat. The company will use the funding to get on board more merchants in the Gurgaon region, and for app development. It claims it will roll out a beta version of the app by the end of the month. The service will enable merchants to market goods directly to customers near their store. PayMango will monetize its product via lead generation for local businesses.

BabyChakra secures seed funding led by Mumbai Angels


Childcare services marketplace BabyChakra has raised an undisclosed amount in a round of seed funding led by Mumbai Angels, Patni family office and Singapore Angel Network, reports Techcircle. The startup will use the funds to hire professionals, launch its mobile app and for marketing. Founded in 2014, BabyChakra lets parents connect with each other and share their baby activities. As of now, the platform lists various reviews, events, day cares, prenatal classes, playschools, and shopping and health care centres in Mumbai, Bangalore and Delhi.


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