Mycity4kids raises $3 million from SIDBI VC
Mycity4kids, an online platform for parents to seek out kids activities in their cities, has raised $3 million from SIDBI Venture Capital and YourNest Angel Fund. The company says that this funding will last it’s capital requirement for 2 years. It aims at breaking even in 12 months, and making 5 million users use the platform every every day in the next 18 months.
The company made 50% of its Rs 4 crore revenue in 2014-15 through small businesses who advertised their services in the city, 45% from brand sponsored blog content and the rest from ticketing of kids events. It claims to have a million parents visiting the site every month, 2.5 million pageviews, 700 bloggers and 75,000 service providers listed across 9 cities. The company recently launched a mycity4kids Family Organiser app, and plans to launch mobile led initiatives for parents.
Sensara raises $750,000
Sensara, a company which links the user’s TV with a remote app Sensy, has raised pre Series A funding worth $750,000 from Ganayantrika Systems and Lalitesh Katragadda, according to NextBigWhat. The Android app, which needs infrared support on phones, lets users search by actor for movies, show’s name, genre or channel name, ad break status and favourite show reminders. It claims to search through 450 channels and 9,800 shows in 14 languages. For phones without infrared, the app provides a TV guide and channel information.
Tracxn raises funding from Ratan Tata
Tracxn, a research platform for private market investors, has raised an undisclosed amount of funding from Ratan Tata, reports Mint. In June last year, the company raised $10 million in a round of funding led by Sachin Bansal and Binny Bansal of Flipkart along with other individual investors. It would use the funding to launch an incubator called TracxnLabs, to invest $20,000 to $50,000 in various startups. It had also raised $3.5 million led by SAIF partners in April.
Myly raises $100,000 from Newbie Promoter
EduCommerce Technologies, which owns Myly, has raised seed funding of $100,000 from Newbie Promoter, reports ET. Myly will use the funds for customer acquisition. It plans to expand to Asia, the Middle East and Africa in 2016-17. The Myly app acts as a digital diary and communication channel between students and educators. For educators, it allows them to share images, register attendance and create engagement for its entire class.
PlanMyMedicalTrip raises $190,000
PlanMyMedicalTrip, an online platform which lets users look for health-tourism avenues, has raised $190,000 from angel investors Bhanu Vikram Parsotam, Rohan Desai and Paras Patel, reports NextBigWhat. The company plans to use the funding for increasing its network, UI and expanding to countries like Thailand, UAE, Brazil and Germany.