startups-funding1

dunzo raises $650,000 in pre-Series A Blume Ventures & others

Chat-based personal assistant app dunzo has raised $650,000 in pre-Series A funding from Aspada and Blume Ventures, reports YourStory. The round also saw participation from angel investors including Rajan Anandan and Sandipan Chattopadhyay. The Bangalore-based startup was founded by Ankur Aggarwal, Dalvir Suri, Mukund Jha and Kabeer Biswas in 2015. dunzo uses Artificial Intelligence (AI) and human operators together for easing an user’s routine tasks. It currently focuses on four main categories: shipping packages from point to point, buying, home service & repairs.

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FTCash secures undisclosed funding from IvyCamp

Mumbai-based mobile payments startup FTCash has secured Rs 1 crore in Pre-Series A funding from IvyCamp Ventures, reports Iamwire. The startup was founded in 2014 by Vaibhav Lodha , Sanjeev Chandak , Deepak Kothari. The fresh funding will be used for customer and merchant acquisition, and for product development. FTCash enables cashless transactions and allows the micro-merchants & customers to transact using wallets, cards, net banking, etc.

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Tinystep gets undisclosed funding to strengthen its product

Tinystep, a community app for parenting has raised an undisclosed amount of investment from Matt Glickman. The startup was funded in September 2015 by Suhail Abidi; it provides parental advice, especially for moms. Tinystep plans to use the money for improving its product offering and strengthening its team. The mobile app has a multiple chat option and a public discussion forum. In January, Tinystep raised an undisclosed amount of investment from Flipkart.

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 Tarusa World secures undisclosed seed investment from Mohit Gulati

Mumbai-based online handicraft store Tarusa World has secured an undisclosed amount in seed funding from Mohit Gulati, reports Techcircle. The startup was funded in 2012 by Rupali Gupta; it plans to use the capital to scale up the brand, add more inventory, and to further expand its team base. Tarusa operates on an inventory-based model basis wherein the entire process of creating a product, including design and manufacturing is done internally. It also sells its products across a range of counters in Mumbai (The Bombay Store, Fuel, Mogra), Bangalore (Collage), and Delhi (Ole).

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aahaa stores secures $1 million from YourNest Angel Fund

aahaa stores, an online marketplace for office supplies, specializing in indirect purchases has raised $1 million in a pre-series A funding round  from a group of investors led by YourNest Angel Fund. The new funds will be used for market expansion, enhance its technology base and infrastructure, and to acquire new talent. The Chennai-based startup was founded in 2013 by Asokan Sattanathan and offers solutions for office management.

Picture Credits: Flickr user Robert Scoble under CC BY 2.0