Foyr.com raises $1 million from Astrac Ventures
Hyderabad-based interior design and home decor company Foyr has raised $i million from Astrac Ventures. Foyr.com started as Renderlogy, a B2B company which connected interior designers to customers and then pivoted to a B2C platform in July 2015. The company uses augmented reality and virtual reality solutions to help customers design living spaces. The company also claims that it can make 3D visualizations which is compatible with Oculus .
Foyr was started by Shailesh Goswami, an alumnus of IIT-Delhi and a former senior director at Microsoft, in June 2014 and the company had raised Rs 10 crore in a Series-A round of funding from Brick Eagle in February 2015.
VoxWeb secures $100,000 CitrusPay co-founder Jitendra Gupta
VoxWeb a social networking platform which allows users to attach a audio clip to pictures, has raised $100,000 from CitrusPay co-founder Jitendra Gupta, reports TechCircle. The company has launched its app in India, Europe and the US. Over the next eight weeks, the app will be launched in South Korea, Japan and parts of Africa. VoxWeb was founded in June 2014 by Yash Mishra and currently has a team of seven people. Before starting the company, Mishra, an alumnus of IIT Kanpur, worked as an analyst with JP Morgan.
BigZop raises seed funding of $600,000
Online grocery delivery startup BigZop has raised $600,000 from a group of investment bankers based in Delhi and Bangalore, reports TechCircle. Launched in June, the company will be using the money for expansion to more areas in north India and even in eastern parts of the country by the end of this year. The firm offers 3,500+ items from categories ranging from fruits & vegetables, grocery, beverages, personal care, household and dairy. BigZop was founded by IIT Khargapur Alumni Aaditya Goyal, Mayank Bana and Subhajit Ray.
B2B hyperlocal delivery startup Shadowfax raises $300,000
Gurgaon-based hyperlocal delivery startup Shadowfax (clever with the Lord of The Rings reference) has raised $300,000 from Kunal Bahl and Rohit Bansal of Snapdeal, Zishaan Hayath of Powai Lake Ventures, and Prashant Malik of Limeroad. Launched in May 2015, Shadowfax claims an average delivery volume processing of approximately 3000 orders a day. The company also says that 120-150 business outlets are currently utilising its service for last mile delivery in the Delhi-NCR region. The company charges its customers on a pay-per-delivery model based on distance and required service quality. The company has more than 35 employees and uses more than 350 riders. The company was founded by Abhishek Bansal and Vaibhav Khandelwal, both alumni from IIT- Delhi.
Restaurant deals startup Twyst raises seed funding
Gurgaon-based Twyst, a restaurant deals startup, has raised an undisclosed amount in seed funding from Taplow Executive Search’s Rohit Bhatia, serial entrepreneur Sunil Nikhar and other investors, reports TechCircle. The company will use the funds raised to expand operations to other Indian cities and for acquiring more customers. Twyst claims to have a user base of over 150,000, of which 45% are repeat users and tie-ups with over 300 F&B outlets across Delhi NCR.