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Funding roundup: Orobind, Envoged, HyperVerge & more

Orobind raises undisclosed amount from existing investors

orobind2 (1)

Bangalore based Orobind has raised a pre-series A round of funding from existing investors Harpreet Singh Grover and Zishaan Hayath, as well a set of new investors, reports YourStory. The platform will use the funding for launching a new subscription service called Orobind Access.

Note that Orobind had raised $200,000 in a round of angel funding in March this year. Founded by Satya Vyas and Shubhanshu Srivastava, the Orobind app lets you choose a workout session recommending a coach who visits your house to start training with you. It lets you track your sessions and renew subscriptions. Orobind’s trainers will analyse that data. Users can also chat with experts and nutritionists through the app. The company claims that its experts go through a police verification, certification check and a demo and that the users’ phone numbers are not revealed to the experts. It adds that it will be able to sync with a user’s wearable fitness tracker soon.


Envoged raises seed funding from individual investors


Mumbai-based Envoged, which runs an online platform for women’s luxury wear, has raised an undisclosed amount in seed funding from Ankush Nijhawan, Manish Dhingra and Gaurav Bhatnagar, reports Vccircle. Alok Mittal, Anant Goenka, Jackky Bhagnani and Himanshu Aggarwal also participated in this round. The platform will use the funds to scale up its operations and improve its technology.

Launched in March this year by Manish Baranwal and Saahil Narang, the platform lets users sell luxury items like handbags, accessories and footwear. It claims to lead a inventory driven model, and to check for authenticity to determine the ideal resale price. As of now, the platform is available only in Mumbai for sellers, although users from all over the country can buy the products.


Zoojoo.be secures $1 million from RoundGlass Partners

Bangalore-based Zoojoo.be, a habit creation and tracking app startup, has raised $1 million in a round of funding from RoundGlass Partners, reports YourStory. The platform will use the funds for product development.

As of now Zoojoo.be is available on both Android and iOS, and claims to help users create habits for eating better, exercising and starting new hobbies etc. Users are required to decide on their habits, post which the habits are set up as virtual challenges within their peer network. The platform currently claims to have over 35,000 users across India and UAE. It also ties up with various large organizations like Mindtree, GE and Unisys to sign up their employees on the fitness program.


HyperVerge secures $1 million from various investors

hypervergeHyperVerge has raised $1 million in a round of funding from New Enterprise Associates, Milliways Ventures and Naya Ventures, reports YourStory. The startup will use the funding to develop its upcoming product ‘Silver’ and for hiring.

Founded in December 2013 by Kedar Kulkarni, Kishore Natarajan, Vignesh Krishnakumar, Praveen Kumar and Saivenkatesh Ashokkumar the company was previously incubated at IIT Madras’ Incubation Cell. HyperVerge currently provides B2C services around organising images by identification of the content (eg, people, places, events etc.). This data will be usable via Silver, although further details are unclear. The company mentions it’s looking to raise funding in a series A round before the end of this year.


IDfy secures an undisclosed amount from New Enterprise Associates


Mumbai-based IDfy has raised an undisclosed amount in funding led by New Enterprise Associates with participation from existing investors Blume Ventures and others, reports Techcircle.

IDfy lets users to create a virtual identity by scanning and uploading their identity documents and getting their credentials verified. It also allows organizations to conduct online background checks of employees. It offers a freemium model with different pricing plans and plans for standalone document verification.  The service was founded by Ashok Hariharan and Hatim Baheranwala. It has other individual angels as co-investors.

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