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Funding digest: StalkBuyLove, WAGmob, EasyFix.in, FirstTouch and others


Fashion e-tailer StalkBuyLove gets funding from a consortium

Delhi-based fashion focused ecommerce site StalkBuyLove has raised an undisclosed amount of funding from a clutch of investors which includes Mato Peric, former CEO, Rocket Internet and nine others, reports YourStory. The company says it will use the funds to accelerate the growth and drive profitability.

Though the company operates in a crowded space when it comes to fashion, it does not offer deep discounts like Myntra, Jabong and others. Instead it wants to position itself in the same bracket as H&M, Zara, Forever21, and Asos. Unlike Myntra, which acts as an aggregator, the company says that it relies on technology to maintain and control the production process which includes cutting and stitching of garments at scale by third-party production units.


WAGmob raises $325k from US-based investors

Indore-based WAGMob, which made a number of consumer-facing apps in the education field, has raised $325,000 from three US-based investors, reports YourStory. Following the funding the company will pivot its focus and launch GuideMe.IO which will provide niche sales training. The plan is to push GuideMe.io for Salesforce, GuideMe.io for Microsoft Azure, GuideMe.io for Google for Work and so on. WAGMob was also part of the 11 startups which were mentored by Microsoft Ventures in March 2015. 


EasyFix.in raises funding from Axilor Ventures

Gurgaon-based EasyFix.in, a maintenance and repair service company, has raised its first round of institutional funding of an undisclosed value from Axilor Ventures. Established in 2011, EasyFix provides repair and maintenance services for carpentry, electrical work and plumbing at homes and offices.

The investment is through Axilor’s early stage funding program. Axilor Ventures is a business incubator set up by S. D. Shibulal, S. Gopalakrishnan, Prof. Tarun Khanna, Srinath Batni and Ganapathy Venugopal. The investment is made by the individual funds of Axilor’s founders.


Mobile OS, FirstTouch raises funding from Snapdeal founders and others

FirstTouch, a mobile operating system which looks to connect Indians in their native languages, has closed an angel round led by leading technology entrepreneurs and investors, which includes Kunal Bahl and Rohit Bansal from Snapdeal, Pranay Chulet from Quikr, Naveen Tiwari and Amit Gupta from Inmobi and Mayank Singhal from Temasek, reports NextBigWhat.

In addition to providing Indic language support, FirstTouch also has a third-party app ecosystem which hit 1.5 million downloads since its inception.


IndiaLends secures bridge investment from existing investors

IndiaLends, an online marketplace that connects lenders and borrowers for unsecured loans, has raised $1 million in a bridge investment round led by existing investors DSG Consumer Partners, Siddharth Parekh and Gautham Radhakrishnan, reports TechCircle. The company had raised funds in August last year from the same clutch of investors.

Its competitors include Loancircle, which had raised an undisclosed amount of angel funding from Zishaan Hayath, Rahul Khanna, Amit Rathore, Amit Arora, Anuj Bhargava and Mayank Kumar. The company was founded by Tanuj Mendiratta in August, while his previous startup Appiterate was acquired by Flipkart in April this year.


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