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Funding Digest: RentOnGo, Industrybuying, Truckmandi and others


RentOnGo secures angel funding

RentOnGo, an online marketplace for renting motorcycles, electronics and appliances, has raised an undisclosed amount in an angel round of funding from Snapdeal’s Anand Chandrasekaran and GSF India’s founder Rajesh Sawhney and other angel investors, reports TechCircle.

Run by Condivision Solutions Pvt Ltd, RentOnGo will use the funding secured to venture into new cities and expand the bike rentals category. RentOnGo is presently operational in Bangalore, Hyderabad and Pune.

Industrybuying.com gets backing from Murugappa and TVS Group 

Industrybuying.com, an online marketplace for industrial supplies and goods, has raised an undisclosed amount of funding from the TVS Group and the Murguppa Group, reports TechCircle. Other investors include Vellayan Subbiah (Chola Finance), Muthu Murugappan (EID Parry), Arathi Krishna (JMD Sundram Fasteners from TVS group) and Arun Venkatachalam (angel investor).

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The company plans to use the funds to enhance the platform, expand team, increase vendor base and develop digital offerings for B2B brands, it said in a statement. In September, it had secured Rs 60 crore ($9 million) in a Series B funding round from Kalaari Capital, existing investor SAIF Partners and Teruhide Sato’s Beenext. It had raised $2 million from SAIF Partners in February.

Sports education startup KOOH raises $2 million

Sports educations startup KOOH Sports has raised $2 million in a series D round of funding from existing investors, TCS, HDFC, and private equity fund Faering Capital, reports the Economic Times. The round also saw participation from Mumbai-based sports promotion service Elevate Sports.

KOOH, which stands for kids-out-of-home was started by Intelenet’s founders, Susir Kumar and Prabhu Srinivasan in 2010. The startup’s aim was to get students to become more active through in school and professional sports training programmes.

Truckmandi secures $2 million 

New Delhi-based inter-city logistics provider, Truckmandi has secured $2 million from JustEat India founder Ritesh Dwivedy and other investors, reports TechCircle. The money raised is being deployed by TruckMandi for geographical expansion into 15 cities.

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TruckMandi is an online marketplace that allows transporters to bid for trips. The startup charges a commission on bookings made through its platform. TruckMandi caters to around 500 partner companies and has tied up with about 1,000 transporters, Ankit said.

Rewards company Zapr raises funding from Indiamart’s Dinesh Agarwal

Zapr, a mobile app that allows users to earn reward points for watching ads on television, has raised an undisclosed amount of funding from Indiamart’s founder Dinesh Agarwal, reports TechCircle. Users need to tap a button once the ad-break starts on TV and then let the phone listen to your TV and identify which ads are being watched. Users get rewards with vouchers from e-com firms and multiplex chains. It claims to analyse data across 5000 cities and villages across the country.

Zapr had received seed investment in 2013 from former Indiagames COO Samir Bangara and others.

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