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Funding roundup: MoveInSync, BoxMySpace and Ketto

MoveInSync raises undisclosed amount from InnoVen Capital India


Bangalore-based employee transport solution provider MoveInSync has raised an undisclosed amount of investment from InnoVen Capital India, reports Vccircle. The startup will use the funds for its working capital requirements and to find more clients for its transportation management solution.

Prior to this, MoveInSync had raised $5 million from Inventus Capital Partners, Qualcomm Ventures and Saama Capital. The startup currently provides a transport management solution called Employee Transportation Solution (ETS) to companies to manage their cab fleets. The system works by installing a touch screen device inside the cabs. This device then syncs with a web server to provide real time data on Routing, Employee Cab Usage Records, Tracking and Reporting. The service uses a PIN-based authentication system to verify and track employees and also provides an automated Billing solution.

BoxMySpace raises Rs 1.92 crore from individual investors


Mumbai-based storage solutions provider BoxMySpace has raised Rs 1.92 crore from a group of investors led by Farooq Oomerbhoy and participation from Ritesh Veera and Singapore Angel Networks, reports YourStory. The startup will use the funds for expanding its operation in other metro cities including Pune, Bangalore and Delhi as well as for marketing.

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Founded in January 2015 by Pratyush Jalan, the platform offers real world storage space for storing physical goods belonging to a consumer. Users can rent the space either through the web or Android/iOS mobile apps for a starting price of Rs 99. The belongings are then picked up by the company and stored in large warehouses with unused space. The goods can be recovered by the customer within 12 to 24 hours.

Ketto secures Rs 4.4 crore in a round of angel funding


Crowdfunding platform Ketto has raised Rs 4.4 crore in a round of angel funding led by Pradyumna Dalmia and with participation from Singapore Angel Network, LetsVenture, Indian Internet Fund, ah Ventures and Intellecap Angel networks, reports Techcircle. The startup will use the funds for hiring members for its technology and business development teams.

Started in October 2012 by Varun Sheth, Zaheer Adenwala and the Bollywood actor Kunal Kapoor, the platform had previously raised an angel investment of Rs 0.77 crore from Calcutta Angels and Club Ah!. Ketto is a crowdfunding platform for creative and social causes. It also helps non-profit organizations (NGOs) to raise funds for supported and listed causes from companies and individuals. The company claims to be clocking over 15,000 unique investors every month.

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