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Funding Roundup: Renowala, Absentia, Flashdoor & Octathorpe

Renowala raises funds from Mohammed Maheen Kannu

Home improvement startup Renowala has raised an undisclosed amount in seed funding from Mohammed Maheen Kannu, reports Vccircle. The funds will be used to scale up operations and develop the website, which will be launched in January.

Founded by Joshua Kumar, Renowala plans to launch operations in Hyderabad and Bangalore with services such as home decor, interior designing, plumbing and electrical maintenance. The portal will connect home owners to service providers via web and app.

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Absentia raises $180,000 in seed funding

Virtual reality startup Absentia has raised $180,000 in seed funding led by Astarc Ventures, with participation from 50K ventures, Vish Satthapan, Sameer Sainani Rajeev Krishnan, Abhishek Jain, and Nagaraj Magadum reports Vccircle,. The funds will be used for scaling up operations and product development.

Founded in 2014 by Shubham Mishra, Vrushali Prasade and Harikrishna Valiyath, Banaglore based Absentia manufactures virtual reality headset Tesseract which enables users to convert content to 3D or 360 degrees vision. The company says that the product will be available for pre-order soon. Absentia claims that Tesseract gives military grade head tracking with ultra low latency, uses smart video rendering techniques and can be used by architects and product designers for 3D views of real estate maps and designs apart from gamers.

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Flashdoor raises funds in angel round led by Sujeet Kumar

Laundry service provider Flashdoor has raised an undisclosed amount in funding led by Sujeet Kumar, with participation from Ankit Nagori and Traxcn Labs, reports Vccircle. The funds will be used for technology enhancement and talent acquisition.

Founded in July this year by Ankit Agarwal and Himanshu Gupta, Flashdoor provides on demand laundry service in Bangalore. The company claims that it also runs its own logistics service to collect laundry from customers. It charges Rs 79 per kg for washing and ironing services. The startup claims that it oversees 1,500 transactions per month and has 25 employees.

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Octathorpe raises $250,000 from Chennai Angels

Hyderabad based web consultant Octathorpe has raised an undisclosed amount in funding from the Chennai Angels. The funds will be used for technology enhancement and expanding operations. Octathorpe aggregates cricket management game Hitwicket which enables it to make money through in-app purchases. The company claims that their product is available across 77 countries and has over 50,000 downloads on Google Play.

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    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ