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Funding Roundup: Gingercrush, iStar, AppVirality & more


Gingercrush raises funds from Mohandas Pai

On-demand product customisation platform Gingercrush has raised an undisclosed amount in angel funding from TV Mohandas Pai, reports Vccircle. The funds will be used to improve the website, increase office space, purchase advanced machinery and scale up marketing. As a part of the deal, Mohandas Pai has also joined Gingercrush as a mentor.

Gingercrush offers customized merchandise such as T-shirts, mugs, mouse pads, coasters, phone covers, bags, home-ware, toys, stationery and school supplies. The users can either buy products or customise them according to their need. Founded in early 2015 by Rajvi Makol and Saumya Nidhi, Vadodra-based Gingercrush claims to have licenses for more than 85 brands.


iStar raises Rs 10 cr in funding led by Michael and Susan Dell foundation

Online skill development portal iStar has raised Rs 10 crore in funding led by the Michael and Susan Dell foundation, reports NextBigWhat. It’s existing investors Unitus Seed Fund also participated in the funding, which will be used for expansion of the platform.

iStar was founded in 2010 by Surga Thilakan and Sreeraman Vaidyanathan. It provides assessment services, placement services, skill training, faculty development, curricular enhancement and career counseling to students and teachers from 150 arts and science colleges across Karnataka, Kerala and Tamil Nadu with a focus on the low and mid-income segment.


AppVirality raises $500,000 in seed round led by Clicklabs

Mobile app growth hacking toolkit, AppVirality, raised $150,000 in seed funding round led by Clicklabs, reports iamwire. Rajan Anandan, Brijesh Kumar Agrawal, Bikky Khosla, Aloke Bajpai, Rajnish Kumar, Krishna K Mehra, HT Ventures LLC, Maxence Cacheux, Gaurav Lochan, Jocelyn Goldfein, Aditya Vuchi, Gaurav Agarwal, Rimpal Chawla, Munish Jauhar, Shashank Mehrotra, Vikram Chalana, Aakash Singal and Shashank Mehrotra also participated in this round. The funds will be used for product innovation and talent acquisition.

Founded by brothers Ram and Laxman Papineni a year ago, AppVirality offers user growth tools and an SDK for mobile app developers to identify and implement growth hacking techniques to their mobile apps. The company was part of Microsoft Ventures India’s fourth accelerator batch and claims that over 700 apps have signed up for the service and more than 60 apps have integrated the techniques.


Skoov raises $150,000 in seed funding

Mumbai-based e-commerce search engine Skoov has raised $150,000 in seed funding from an unnamed investor, reports Vccircle. The funds will be used for talent acquisition, product innovation and setting up a technology center in Bangalore.

Founded 6 months back by Bhardwaj, Samarjeet Reen and Amit Sathe, the company claims to work with 45 e-commerce sites to provide search results for 3.7 million products. Skoov is a search engine which provides users with best suited products for their e-commerce queries and claims to get users to the final product within 3 clicks.


Didi raises $150,000 in seed funding from Jozef Bardik, Leo Wang and Sangeeth Ram

Housekeeping service provider, Didi, has raised $150,000 in seed funding from Jozef Bardik, Leo Wang and Sangeeth Ram, reports Vccircle. The funds will be used for technological advancements, marketing and adding services such as cooking. The company also plans to expand to Bangalore and Pune by March 2016.

Founded in June by Jhonny Jha, Sagar Sen and Tushar Jadhav, the platform provides trained maids for cleaning services at the rate of Rs 2.50 per minute. At present, Didi is operational in Chandivali, Powai, Ghatkopar and Andheri localities of Mumbai and claims to have trained 50 maids so far.


RenewBuy raises Rs 3.3 crore in angel funding led by Mount Nathan Advisors

Online insurance platform for automobiles RenewBuy has raised Rs. 3.3 crore in angel funding led by Mount Nathan Advisors, reports Vccircle. The funds will be used for technological upgradation and product development.

Founded in July by Balachander Sekhar, Indraneel Chatterjee and Sandeep Nanda, RenewBuy claims to have an insurance booking license from Insurance Regulatory and Development Authority and tie-ups with multiple insurers including HDFC ERGO, IFFCO Tokio, Bajaj Allianz, Bharti AXA, Reliance General and L&T Insurance. The company also claims to have sold 500 policies last month and charges 20% commission on every policy.


Delight Foods raises Rs 4 crore in second round of funding

E-commerce platform for packed and ready-to-eat snacks delivery Delight Foods has raised Rs 4 crore in its second round of funding led by LN Sadani, Mape Advisory Group and Fireside Ventures, reports NextBigWhat. The funds will be used for marketing activities, talent acquisition, increasing product categories and launching operations in Mumbai, Hyderabad and Chennai.

Founded in December 2014 by Ramesh Krishnamurthy, HS Srinivasa, Vineet Khicha, Vineet Goel and Amit, Delight Foods offers food in categories such as sweets, savories, dried fruits, pickles, combo packs, spices and bakery products. The platform claims to have over 60 brands with 600 products sourced from 11 cities in India.

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