funds-money

Wealthy raises $250,000 from a clutch of investors

Bangalore-based investment management portal Wealthy has raised $250,000 (~Rs 1.5 crore) in angel funding from a clutch of investors including Abhishek Goyal, Zishaan Hayath, and Rohan Malhotra, among others, reports TechCircle . The startup was co-founded in 2015 by Aditya Agarwal, and Prashant Gupta. The company plans to use the fresh funding to roll out its mobile app and offer more products including retirement solution plans. Wealthy claims to allow its users to make tax-saving investments; it currently lets users invest in equity-linked saving schemes of Axis Mutual Fund and Reliance Mutual Fund.

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Hello Curry secures $1.5 million in bridge funding

Food deliver startup Hello Curry has raised $1.5 million in bridge funding led by Sashi Reddi and an undisclosed High Net Worth Individual (HNI), reports Livemint. The Hyderabad-based startup was founded in 2013 by Sandeep Penmatsa, and Raju Bhupati. The startup will use new capital to upgrade its current menu, and delivery mechanisms, and to open new stores. Hello Curry claims to have 31 outlets in three Indian cities including Hyderabad, Pune and Bengaluru; it plans to expand in Pune, Visakhapatnam and Vijayawada soon.

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Liftiee raises $108,000 in seed funding

Mumbai-based bike and carpooling app Liftiee has secured Rs 72 lakh (~ $108, 000) from Rannvijay Singh and Anita Hassanandani, reports Economic Times . The startup was co-founded by Ritvik Mathur and Rashid Khan. It allows private car and bike owners to share their rides after verifying a driver’s government ID proof and license. The ride-sharing service will be available to users at the cost of Rs 10 for up to 3 km distance, which can be paid through a mobile wallet.

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AppAlert gets $900,000 in seed funding

AppAlert, which provides real-time school bus tracking through a mobile app, has raised $900,000 (~Rs 6 crore) in seed funding from Narinder Singh and another unnamed investor, reports TechCircle. The Delhi-based startup was founded in 2015 by Ashuvinder Ahuja. The funding will be used to build and enhance the core application and to expand its service offerings in Singapore, Indonesia, Philippines and Australia. To use this platform, parents will have to buy a yearly subscription of Rs 1200 excluding taxes; parents are also allowed to designate up to three other individuals as custodians of the app.

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goSporto raises $30,000 in seed funding

Sports discovery and booking platform goSporto has raised $30,000 (Rs 20 lakh) in seed funding from Naveen Gupta, reports TechCircle. The startup was co-founded in 2015 by Nikhil Jha, Vivek Kumar, Rajendra Bansal and Sumit Pokhriyal .It plans to use the funds for increasing online marketing efforts, hold offline events, expanding its team base, product innovation, and for scaling up presence in multiple cities. goSporto offers white-labeled products for entities such as townships, government, event organizers, schools and colleges to manage their sports infrastructure and other related activities.

Image Credit: Flickr User Nick Ares under CC BY-SA 2.0