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Funding Roundup: Hoppingo, Appie, ClearTax & more

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Fundamentor raises seed funding

Fundamentor, an education-tech start-up, has raised an undisclosed amount of seed funding from entrepreneur and former venture capitalist Subramanya SV, reports VCCircle. The company will use the funds to ramp up hiring, development of the product and enhance its marketing initiatives. Fundamentor is a mobile and web-based platform that helps students between eight and 15 years of age develop cognitive, quantitative, verbal and creative thinking skills through gamified programmes. It claims to have 3,000 paid subscribers.

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TaxiVaxi raises $500K in seed funding

TaxiVaxi, an online cab aggregation platform  has raised $500,000 (about Rs 3.3 crore) in its second round of seed funding, led by a clutch of high net worth individuals, reports The Economic Times. The company will use these funds for expansion and product development. It operates in 300 cities across the country, and claims to have between 125-150 cab companies on its platform. It also partners about 15 radio taxi operators. TaxiVaxi also caters to the corporate segment, offering them a separate web-based solution, which is bundled with its app and claims to have about 20 corporate clients. The company claims to be earning monthly revenues of about Rs 1 crore.

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Goalwise Raises $1 M in Angel Funding

Goalwise, an online investment platform,has raised $1 million (around Rs 6.8 crore) from a bunch of high net-worth individuals from the financial services sector, reports VCCircle. The company will use the funds to scale up its technological and analytical operations. Goalwise runs on its self-designed algorithms for investment advisory, mutual fund selection, as well as a goal tracking technology called GoalSense. It earns its fees from the mutual fund companies. The mutual funds it has tied up with include Franklin Templeton, ICICI Prudential, Birla Sun Life and Axis Mutual Fund.

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Hoppingo raises second round of funding

Hoppingo, a fashion discovery platform, has raised Rs 60 lakh ($89,000), from Gurgaon-based vCommission, a subsidiary of Adways VC India, reports VCCircle. vCommission’s founder Tarang Bhargava will also chair the firm’s advisory board. Hoppingo claims to curating more than 800 e-stores across nearly 20 categories, including accessories, apparel and home décor and charges Rs 200-250 on every transaction done on its platform. The company claims to have an average of 5,000 transactions per month.

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Vahanalytics raises $200K from Venture Catalysts

Vahanalytics, a tech-driven start-up, has raised $200,000 (around Rs 1.3 crore) in seed funding from Venture Catalysts, led by Vikram Lakhotia and Anirudh Damani of VCats. The platform captures real-time data about driving habits and road conditions using smartphones, which is then processed and refined by leveraging the power of big data in order to extract useful insights.

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BHIVE Workspace raises $1 million from Blume Ventures

BHIVE Workspace, a workspace solutions provider, has raised $1 million in a funding round led by early-stage technology investor Blume Ventures, reports Mint. The company will use the funds to expand its base in Bengaluru and six other cities, increase headcount, build on technology, processes and brand building. It provides plug-and-play affordable office space to businesses to co-work and ideate as well as provide mentorship services. It claims to have around 800 active members.

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Veqta raises Rs 3.3 crore in seed funding

Veqta, a digital broadcast network dedicated to sports, has received $500,000 (about Rs 3.3 crore) in seed-round funding from early-stage venture capital firm Chatsworth Management and sports management company ITW, reports The Economic Times. The company will use the funds to get more content rights, expand the team and enhance the technology offering. It plans to launch its Android and iOS apps in the next few weeks.

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Pianta raises seed funding from Freecharge founders

Pianta, a home healthcare services startup, has raised undisclosed seed funding from Freecharge founders Kunal Shah and Sandeep Tandon, reports Mint. The company will use the funds to scale up their supply side, expand to other cities and make key hirings. It claims to have over 250 home service providers listed on its platform.

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Appie raises $1M in bridge funding

Appie, a location-based offline retail discovery platform, has raised a bridge round of funding worth around $1 million (around Rs 6.7 crore) from a Mumbai-based angel investor and two European investors, reports VCCircle. The company will use the funds for product launch, customer acquisition and business development.

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ClearTax raises $2 million pre-Series A funding

ClearTax, a start-up that helps individuals and businesses file their tax returns online, has raised $2 million in a series A round of funding from venture capital firms Sequoia Capital India, and Paypal co-founder Peter Thiel’s Founders Fund Angel, a seed stage venture firm. The company will use the funds to launch a fourth product – one that helps individuals save on taxes by making investments. It claims 1 million users for its product for individuals, and about 10,000 chartered accountant firms.

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