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Funding roundup: StoreMore, iOrderFresh, MyTaxiIndia & more

StoreMore raises undisclosed seed funding from Bedrock Ventures

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Self storage company StoreMore has raised an undisclosed amount of seed funding from Bedrock Ventures, reports VCCircle (paywall). The company, which currently operates in Delhi, Noida and Gurgaon and is co-promoted by the Burmans group, lets users look up storage space, check out the facility and arrange for pick up of their items from home for storage. It offers monthly, quarterly, half yearly and yearly billing plans and users can also reserve space through an advanced booking. The company claims that users can see their goods inventory online by logging into their accounts.


iOrderFresh raises seed funding from Best Foodworks

iOrderFresh, an online food and grocery retailer, has raised an undisclosed amount of seed funding from Best Foodworks. The company will use the funds for improving its technology, upgrade its service and acquire customers. Alkesh Tandon, founder of Best Foodworks, will join the company’s board.

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The company was launched in December last year and lets its users order fruits, veggies, dairy and bakery products through the Android and iOS apps. It claims to offer delivery in 24 hours. It also claims to have 50,000 registered customers in the last 4 months, out of which 55% orders from the app are from repeat customers.


InkMonk raises $250,000 angel funding from LetsVenture and others

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Chennai based InkMonk, an online marketplace for printing, has raised $250,000 in angel funding from the crowdfunding platform LetsVenture, led by Girish Mathrubootham, founder of Freshdesk, and participation from Phanindra Sama, cofounder of RedBus, Vikram Chachra of Eight Capital and other angel investors, reports VCCircle. The company will use the funds to hire staff, expand its product range and sales and marketing. It provides badge, mugs, tshirts and stickers printing from over 80 vendors.


My Taxi India raises $500,000 from Nihon Kotsu

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Delhi based My Taxi India, an online car rental startup, has raised Series A funding worth $500,000 from Japanese taxi company Nihon Kotsu, reports VCCircle. The company will use the funds for scaling operations to other cities. Founded by Anshuman Mihir, Mohit Rajpal and Satyakam Rahul in 2012, the company offers local, outstation and railway station and airport drops. It claims to have 4,000 taxis across 100 cities in India. The company had raised $100,000 from Green House Ventures in June, for a 20% equity.


NightStay raises $500,000 from multiple investors


Mobile hotel marketplace NightStay has raised seed funding worth $500,000 led by Vivek Bihani from Bedrock Ventures, with participation from Rajesh Sawhney, founder of GSF and Shailesh Singh, executive director of SeedFund, reports VCCircle. The company will use the funds for its technology infrastructure, products and expand to 20 cities from its current 6 cities by December 2015. NightStay was founded in March this year by Deepak Negi and Nasr Khan.


Ketto raises $700,000 from multiple investors

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Ketto, a Mumbai based social crowdfunding platform, has raised $700,000 in funding led by Chennai Angels, Calcutta Angels, ah! Ventures, Intellicap, Indus Age, Singapore Angel Network, India Internet Fund and Project Guerrilla, reports The Hans India. The company will use the funds to hire in its tech and business development department and expand operations to Singapore, Indonesia and Malaysia with other Southeast Asian countries. Ketto was founded by Varun Sheth, Kunal Kapoor and Zaheer Adenwala in 2012.

Last month, Ketto had 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. In November 2013, it secured an angel investment of Rs 0.77 crore from Calcutta Angels and Club Ah! investors, through ah! Ventures’s impact investing arm ah! Impact.

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