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Funding Watch: Stitchwood, Grab.in, Fulfil.IO, Weddingwishlist.com, SeeDoc & more

money-funding-startups-freeCompany Name: Stitchwood
Amount raised: $200,000 (around Rs 1.3 crore)
Sector: e-commerce marketplace (furniture)
Date announced: 4th July 2016
Investors: Deepak Gupta, co-founder, Equity Crest along with some unnamed angel investors and high net-worth individuals.
What they will use the funding for: The startup plans to use the money for marketing and operations.
Source: Techcircle

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Company Name: Grab.in
Amount raised: Rs 20 crore
Sector: Logistics service
Date announced: 4th July 2016
Investors: Aramex
What they will use the funding for: The funding will be used to improve the technology and start new service verticals in the next year.
Source: Yourstory

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Company Name: Fulfil.IO
Amount raised: Undisclosed
Sector: Logistics
Date announced: 4th July 2016
Investors: Rajan Anandan
What they will use the funding for: The money will be used for scaling up the product and the company’s sales operations in the US.
Source: Dealstreetasia

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Company Name: Weddingwishlist.com
Amount raised: Rs 2 crore
Sector: Gifting platform
Date announced: 4th July 2016
Investors: Facebook India Managing Director Kirthiga Reddy, Multiples Equity founder Renuka Ramanath, CherryTin and others.
What they will use the funding for: Not mentioned
Source: Business-Standard

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Company Name: SeeDoc
Amount raised: $1 million (around Rs 6.7 crore)
Sector: Healthcare
Date announced: 5th July 2016
Investors: YourNest and others
What they will use the funding for: Not mentioned
Source: Techcircle

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Company Name: Dont Scratch Your Head (DSYH)
Amount raised: $250,000
Sector: Logistics
Date announced: 6th July 2016
Investors: Venture Catalysts (VCats)
What they will use the funding for: It will use the funds to improve its technological infrastructure and customer support team.
Source: Press Release

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Company Name: NeoGrowth Credit
Amount raised: Rs 108 crore
Sector: Financial
Date announced: 4th July 2016
Investors: IIFL Wealth Management’s Seed Venture Fund and existing investors that include Omidyar Network, Khosla Impact and Aspada.
What they will use the funding for: Not mentioned
Source: The Economic times

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Company Name: Flyrobe
Amount raised: Rs 11.3 crore (around $1.7 million)
Sector: Apparel rental platform
Date announced: 5th July 2016
Investors: Sequoia Capital
What they will use the funding for: Not mentioned
Source: Techcircle

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