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Funding roundup: QuikWallet, USPL, Zen Radius, Joybynature and others

QuikWallet raises $1.6M from Snow Leopard

qwikwallet

Mobile payments startup QuikWallet has raised $1.6 million in funding from existing investor Snow Leopard, reports FirstPost, taking its total funding raised to $2.1 million. The funds will be used for team expansion and adding to its merchant base. The app enables customers to pay at restaurants and retail outlets through their mobile phones. Initially started off as a payments and loyalty app, the company now claims to cater to 1,000 restaurants and small merchants. It provides merchants the options of SMS, NFC, QR codes, apps or POS software integration to collect online and offline payments. Available on Android and iOS, the app claims to store the user’s card info which it locks with a passcode and lets them pay in 1-2 taps.

Corrigendum: An earlier version of this article had incorrectly spelt QuikWallet’s name. Our apologies for the error.

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USPL raises $1.2 million from InnoVen Capital India
Universal Sportsbiz (USPL), the company which runs Collectabillia, has raised around $1.2 million (Rs 8 crore) from InnoVen Capital India, reports iamwire. The company will use the funds for growth plans and brand building. Earlier this month, it had raised $7.5 million (Rs 46 crore) in a Series B round of funding from existing investor Accel Partners. USPL said that it would use the funds for expansion into new markets as well as increase its two fashion labels’ network presence from 30 stores to 75 for Imara (Shraddha Kapoor) and 38 to to 70 stores for Wrogn (Virat Kohli).

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ZenRadius raises undisclosed funding from Tracxn Labs and Deepak Singh
ZenRadius, a less than a month old startup which helps startups find talent from social networks, has raised an undisclosed amount of seed funding from Tracxn Labs and Deepak Singh, founder of Anzy Careers, reports ET. It will use the funding to build a platform for networked hiring. Available for free currently, the startup will likely transition to a freemuim model. The startup, founded by Nitesh Mishra, Arpit Kumar and Alok Yadav, claims that it lets its clients screen their own network, send personalised emails, review CVs and cross check multiple sources in one system.

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Joybynature raises $1M from multiple investors

joybynature

Online organic store Joybynature has raised angel funding worth $1 million from Contrarian Vriddhi Fund, Mumbai Angels, and high networth individuals (HNIs) which include Abhimanyu Munjal of Hero Group and Vaaman Sehgal from Samvardhana Motherson Group through their personal fund AdvantEdge, reports ET. Joybynature will invest in its technology platform, adding to its team and marketing. It also plans to introduce private label brands on its platform. The company was founded by Shailesh Mehta and Rahul Kumar in 2013 and claims to ship 300-350 orders daily, at an average ticket size of Rs 350. It also claims to have an inventory of 10,000 SKU from over 300 vendors under 8 categories.

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Myonsto raises $315k from Jayant Bokadia
Egrocery startup Myonsto has raised $315,000 in angel funding from Jayant Bokadia, director of Oswal Industries, reports VCCircle. The startup will use the money to upgrade its technology infrastructure and expand in Gujarat. Founded by Sahil Dalal in April, Myonsto claims to have over 5,000 products across categories like fruits, vegetables, supplies, bakery items and others.

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JetSetGo raises undisclosed funding from YouWeCan Ventures
Online private jets and helicopters marketplace JetSetGo has raised an undisclosed amount of funding from YouWeCan Ventures of Yuvraj Singh, reports YourStory. Founded by Kanika Tekriwal and Sudheer Perla, the Delhi based company lets users book helicopters, air ambulances and provides pilgrimage packages.

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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