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Funding Roundup: CoutLoot, Limo, iCliniq & more

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CoutLoot gets seed funding from Venture Catalysts

CoutLoot, a fashion e-commerce platform has raised an undisclosed amount of funding from Venture Catalysts. It plans to use these funds for geographical expansion, launch new product categories and for strengthening its technological framework. CoutLoot allows its users to sell pre-owned fashion items from their closets at a claimed 80% discount from the current market price of the product.

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Limo raises $1 million from Rainmaker Ventures

Limo, a Mumbai-based bus aggregator, has raised $1 million from Rainmaker Ventures, reports The Economic Times. The funds will be used to strengthen the operations of the company in Mumbai. Limo, earlier known as rBus, claims to have facilitated more than three lakh rides since its inception.

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iCliniq raises angel funding

iCliniq, an online doctor consultation platform, has raised an undisclosed amount of angel funding from Erode-based laparoscopic surgeon MadhanKumar Madathupalayam, reports VCCircle. The funds will be used for product development and augmenting the firm’s technology backbone. Madathupalayam will also join the board of iCliniq as part of the transaction. icliniq claims to have 1,200 doctors on its platform, of which close to 900 are from India and the rest from other countries including the US, the UK, UAE,  Singapore and Germany.

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GoGo Truck raises Rs 50 lakh as seed funding

GoGo Truck, Chennai-based mini-truck, has raised Rs 50 lakh (around $74,400) as seed funding from a Madurai-based angel investor, reports VCCircle. The company will use the funds to consolidate its operations in the Chennai market and expand its services to Hyderabad and a part of the funds will also be used for marketing. GoGo Truck helps users to hire vehicles for moving household goods, transporting perishables, e-commerce deliveries and construction supplies in and around Chennai. It has tied up with more than 300 drivers and claims to be getting 2,500 orders from Chennai alone.

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SillyMonks Raises Rs 3 crore from HNI

SillyMonks, a Hyderabad-based digital and entertainment start-up has raised Rs 3 crore from Sreenivasa Reddy Musani, CMD Ektha Group. The company will use the funds to create digital content. SillyMonks plans to launch six web series properties on its YouTube channel “SILLY TUBE”. It claims to deliver approximately 100 million views in a month.

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