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Funding Roundup: Zebroads, EduAce, Locus & more


Logistics startup Zebroads gets $75K in seed funding

Zebroads, a Hyderabad-based online logistics and warehousing startup, has raised $75K (Rs 50 Lakh) in an angel round of funding from undisclosed investors, reports VCCircle. The company plans to invest these funds in increasing warehousing space, upgrading technology and improving logistics partners. The company currently offers customised warehousing, logistics and distribution channel services to SMEs. In addition to mini and mid-sized trucks, the startup also provides trained workforce (helpers and packers) for logistic requirements.


EduAce raises $1M from MoMagic

Education startup EduAce Services has raised $1 million (around Rs 6.6 crore) in seed funding from mobile Internet firm MoMagic, reports VCCircle. The capital raised will be utilised to build more school learning programmes and to expand operations across India. The company claims to have already covered over 2500 schools in 25 tier 2 cities across Uttar Pradesh, Uttarakhand and Madhya Pradesh. Its products include School Quiz League – Pratibha Ki Khoj – a state-centric quiz programme for school students, Daksh – a skill development programme for students and teachers, classroom Edu Fairs and school excellence awards.


Locus raises $2.75 million in Series A funding

Bengaluru-based logistics management platform, Locus announced $2.75 million in Series A funding, reports The Economic Times. The round was led by Exfinity Venture Partners with participation from Blume Ventures, BeeNext and Rajesh Ranavat, MD of Fung Capital. Existing investors including Bhupen Shah, Manish Singhal, Amit Ranjan also participated in this round. The funds will be used for talent acquisition as well as technology expansion. Locus helps local companies and enterprises in courier, ecommerce, food delivery, FMCG and other verticals to optimise their logistics. Some of the start-up’s customers include Urban Ladder, Delhivery, and FreshMenu.


Imaginry raises Rs 3 Cr in angel funding

Bangalore-based Toko Innovations Studios, which runs a children’s entertainment portal called Imaginry, has raised Rs 3 crore (around $450,000) in angel funding led by Roopak Saluja, founder and CEO of The 120 Media Collective, and Vishal Khare on behalf of Indian Angel Network (IAN), reports VCCircle. Rajasthan Angel Investor Network (RAIN) also participated in the angel funding round. The funding will be used for product development, user growth and content partnerships. Imaginry creates content for children which can be viewed on mobile and web browsers and helps kids to enjoy and discover videos, games, factoids, music, art and photos.


Zarget raises $1.5M in seed funding

Zarget, SaaS (software as a service) based conversion rate optimisation startup, has raised $1.5 million (around Rs 10 crore) in seed funding led by Accel Partners and Matrix Partners, reports VCCircle. Cloud based SaaS startup Freshdesk’s CEO Girish Mathrubootham also participated in the round. The funds will be used for research and development (R&D) and for introducing more products. The company also stated that it will launch one more product and raise Series A funding by the end of 2016. Zarget offers digital marketers three main products – A/B testing, funnel analysis and heat mapping, which can also be utilised by the customers via a Chrome plug-in.


Zenify raises $1M in pre-Series A funding

Zenify, a Bangalore-based home rental startup, has raised about $1 million (around Rs 6 crore) in pre-Series A funding from a group of high net-worth individuals (HNIs), reports The Economic Times. The funds will be utilised to enhance its technology and analytic capabilities, along with entering new markets such as Mumbai and Delhi. The company claims to manage 2000 rental properties in Bengalore, 40% of which belong to non-resident Indians (NRIs).


Galleri5 raises angel funding from Redbus, TaxiForSure founders

Galleri5, a visual discovery platform, has raised an undisclosed amount in angel funding. The round was led by Redbus founder Phanindra Sama and TaxiForSure founder Raghunandan G, reports VCCircle. The funds were received in October 2015 and are being utilised for content development, hiring talent, marketing strategies, and talent acquisition. The portal claims to have 1300 regular users since its launch in February and around 4000 photographs. The startup now aims to strengthen its travel, food, and fashion visual content verticals.

Image Credits: Pixabay user Claudia Mitu

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