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Funding roundup: Procmart, Zebpay, Justdakhila and Qdesq

startup

Procmart raises angel funding

Noida based Procmart (aka Instaproc) has raised an undisclosed amount of angel funding from Dinesh Agarwal, founder and CEO of Indiamart, reports VCCircle. The company plans to use the funding for expanding its reach, improving its buyer seller network and add new features. Procmart is an online B2B marketplace where buyers and sellers can post requirements and quotes for buying in bulk. The company was founded by Anish Popli, Pratik Potnis and Saheel Joshi in April last year.

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Zebpay raises $1 million

Zebpay, a mobile bitcoin company, has raised $1 million in Series A funding led by Arjun Handa and Amit Jindal, along with other investors, reports ET. Zebpay will use the funds for ramping up its blockchain technology (secure bitcoin transaction services) and talent acquisition. It offers users a mobile bitcoin wallet which can be used to buy, sell and store bitcoins and use it to buy vouchers and mobile talktime recharges in India. It claims to have 25,000 users, with plans to add 100,000 users by the end of the year and hit a turnover of Rs 500 crore. The company was founded by Mahin Gupta in 2012.

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Justdakhila raises $750,000 from Ankur Gupta

Justdakhila, an online platform connecting parents to school admissions, has raised seed funding worth $750,000 from Ankur Gupta, reports VCCircle. It will use the funds to enhance its analytics technology and expand operations in Delhi and then across India. Gupta will also join Justdakhila as a co-founder. Justdakhila is owned by Easy Analytics Private Limited and was founded by Kapil Mittal in 2014. The company plans to launch a pilot program in Delhi and by 2017, aims to have operations in 15 cities which include Bangalore, Chennai, Lucknow and Pune. It claims to have 750 schools from the Delhi NCR region so far, with plans to add 5,000 schools by the end of the year.

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Qdesq raises seed funding from multiple investors

Qdesq, an online branded workspace aggregator, has raised an undisclosed amount of seed funding led by Dheeraj Jain, with participation from Jagdish Kumar, Bharat Gupta, Ankush Saigal and Praveen Saini, reports ET. The company plans to use the funds to build its core team, upgrade technology and geographical expansion in the next 6 months. According to the report, Qdesq’s inventory has self branded and managed workspaces along with third party listings, located at locations with WiFi access and flexible terms and tenure for a fixed price. Qdesq was founded by Paras Arora and Lavesh Bhandari in October last year and claims to have 23 properties in Delhi and Gurgaon, with plans to add 100 more in the next 6 months.

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