CreditVidya raises $2 million in funding from Kalaari Capital
CreditVidya, a Mumbai-based financial technology startup, has raised $2 million in Series A funding from venture capital (VC) fund Kalaari Capital, reports Mint. The company will use the funds to expand its technology and data science team and strengthen its technology platform. CreditVidya provides financial institutions with a credit score for individuals by using non-traditional data sources like the mobile phone recharge pattern, utility bill payments, e-commerce purchase behaviour etc. It has tied up with Bajaj Finserv, Fullerton India and Shriram Housing Finance.
ListUp Raises $500K in Seed Funding
ListUp, a Mumbai-based P2P app to buy and sell used goods, has raised $500,000 (Rs 3.3 crore) in a funding round led by Kae Capital, reports VCCircle. It also saw participation from FreeCharge Chairman, Kunal Shah and Head of Tandon Group, Sandeep Tandon. The company will use the funds for product enhancement such as utilising data to give personal recommendations, offline and online marketing, and the creation of network density in their target markets. Sasha Mirchandani, the Founder of Kae Capital, will also be joining the company’s board, as part of the deal. The app is centred around geographical proximity and enables people to discover interesting goods being sold in their neighbourhood. ListUp claims to have a 100% month-on-month verified user growth and a 300% month-on-month growth in the number of product listings.
6Degree raises $200K from Indian Angel Network
6Degree, a Mumbai-based tech-enabled fashion start-up, has raised about $200,000 in funding from the Indian Angel Network (IAN), reports Mint. The company will use the funds to enhance technology, expand its reach and launch tech solutions for fashion events. Abhishek Agarwal, the lead investor from IAN, will also be joining the company’s board. 6Degree connects fashion professionals and enables them to launch brands and showcase their creations. It claims to have served over 2,500 fashion professionals and clocked revenues around Rs.1 crore last year.
ExtraaEdge raises seed funding from angel investors
ExtraaEdge, a Pune-based ed-tech startup, has raised an undisclosed amount of seed funding from a group of investors including Ritesh Dwivedy, CEO of Petoo.in and Priti Padhy, global director of business intelligence and information management at Microsoft, reports VCCircle. The company will use the funds to expand the business to educational institutes and course sellers in Delhi-NCR, Mumbai, Hyderabad and Bangalore, as well as strengthen its tech and customer acquisition teams. It will also spend a part of its funding on its planned pilot programmes in Canada, New Zealand and Australia. Other investors who participated in the funding round include Ash Damle (CEO of Lumiata), Anup Pani (principal engineer at NetSuite), Abhishek Bhatewara (entrepreneur and member of Mumbai Angels), Sahil Sharma (Director of ATAP supply chain at Google) and Shezaad J Dastoor (political and conflict analyst at United Nations). ExtraaEdge is a cloud-based sales and marketing automation software enabling educational institutes and course sellers take smart data-driven enrolment decisions. It claims to have 29 paid enterprise customers with 10% month-on-month growth rate.
Shopwati raises seed funding from SRKK Advisors
Shopwati, a Gurgaon-based online fashion discovery platform, has raised an undisclosed amount in seed funding from boutique investment company SRKK Advisors, reports VCCircle. The company will use the funds to develop technology and for customer and vendor acquisitions outside Delhi. Shopwati enables users to find the best deals for clothes and accessories with the help of community members which include vendors, bloggers, private labels, designers and stylists. It claims to have crossed Rs 1.5 crore of GMV in less than six months of operations, addressing over 300 queries every day.
Cookifi raises seed funding from angel investors
Cookifi, a Bangalore-based online chef and cook hiring platform, has raised seed funding of an undisclosed amount from Kunal Shah, Chairman of FreeCharge, and Aneesh Reddy Co-Founder and CEO of Capillary Technologies, reports VCCircle. The round also saw participation from Tracxn Labs, Venkat Tadanki, CEO of Secova, Krishna Mehra, Co-Founder at Capillary Technologies, Amit Rathore, Founder and CEO, Quintype along with other angel investors. The company will use the funds to expand its operations in other cities and augment its technology platform. Cookifi uses a chef allocation algorithm using variables such as spice preferences, cuisine preferences to help customers get the kind of cook they want with minimum effort. It is currently operational in Bangalore and claims to have served 3,500 customers till now.
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