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Funding roundup: Prozo, StyleCracker, RoomCentral & more


Prozo raises $205,000 from angel investors

Prozo, an online marketplace that lets users buy and sell study material, has raised $205k in a round of seed funding from Nalin Jain, Shomil Pant, Dinesh Kundu and other angel investors, reports Vccircle. The platform will use the funding for hiring and spending on marketing and mobile app development.

Founded by Ashvini Jakhar and Jerry Jose, the platform offers new and old books, notes etc. in various categories such banking, civil service, engineering, English etc. The platform also provides mentors that users can sign up for. These mentors charge anything between Rs 300 per hour to Rs 2000 and above. Note that just last week, education technology firm Wincourse acquired 85 per cent stake in Mappr, a social learning platform which lets students share notes and interact with teachers, for an undisclosed amount.


IEIF invests in edu-tech startups Report Bee & Guru-G

India Educational Investment Fund (IEIF) has invested an undisclosed amount in the education technology startups, Report Bee Edusys and Guru-G Learning Labs, reports Vccircle. Report Bee will use the funds for product development and to expand in international and domestic markets, while Guru-G will use the funds to expand its business in schools and the publisher market.

Founded in 2010 by Ananth Mani, Report Bee offers a platform for the education sector which it claims to help improve learning using data analytics. As of now it claims to be used in 250 schools in Asia serving over 200,000 students and 10,000 teachers. As for Guru-G, it was founded in 2013 by Amruth Ravindranath and offers users a gamified platform for teaching and teacher training. The platform currently claims to work with over 350 schools.


StyleCracker secures $1M from individual investors

StyleCracker, a portal that connects women with designers for fashion advice, has raised $1 million in its first round of funding from a group of high net-worth individuals, reports Vccircle. The platform will use the funding to develop its technology and expanding to other countries. It will also launch styling options for men soon.

Founded in 2013 by Dhimaan Shah and Archana Walavalkar, StyleCracker claims to be the first online personal styling platform where users can get fashion related advice from designers. The platform also provides a catalogue of looks. As of now, the platform claims to have over 100,000 users and is associated with close to 200 brands of which 50 are paying ones.


RoomCentral raises $2M from Karanpal Singh

RoomCentral, a property management platform for hotels, has raised $2 million in its first round of funding from angel investors Karanpal Singh, reports Vccircle. The platform will use the funding on marketing for getting more hospitality clients.

Based in Bangalore, the cloud-based platform currently provides hotels with direct bookings from their own websites to cut down on travel agent commissions. It also lets hotel owners manage room inventory, manage accounting and billing etc. The platform, which targets small and medium size properties, currently claims to work with 50 properties.

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