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Funding Watch: Twigly, ShoppinPal, HiGrit, ShareChat HolaChef & more

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Company Name: Twigly
Amount raised: $600,000
Sector: Online food ordering
Date announced: 14th July 2016
Investors: Tracxn Labs, Hyderabad Angels, FreeCharge cofounder Kunal Shah, Flipkart’s vice-president of engineering Gaurav Bhalotia, among others.
What they will use the funding for: The company will use the money to expand operations in Delhi and Bengaluru.
Source: Ettech

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Company Name: ShoppinPal
Amount raised: $1.07 million
Sector: m-commerce for retailers
Date announced: 14th July 2016
Investors: Plug and Play Tech Center and Steelhead Ventures.
What they will use the funding for: The Pune-headquartered startup will be using the funds to build its team and expand its market presence, primarily in India.
Source: Ettech

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Company Name: HiGrit
Amount raised: Undisclosed
Sector: Online legal services
Date announced: 12th July 2016
Investors: secured the funds from Ashish Mahajan and Sarvesh Sharma, co-owners of web design company Osvin Web Solutions Pvt Ltd.
What they will use the funding for: The firm plans to use the funds for product development. It is planning to launch an Android app by the end of July and start a calling facility for instant legal consultation.
Source: Techcircle

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Company Name: ShareChat
Amount raised: $1.25 million
Sector: Indic social-media platform
Date announced: 13th July 2016
Investors: SAIF Partners
What they will use the funding for: The firm has deployed the funding to build out their technology architecture
Source: Yourstory

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Company Name: MintM
Amount raised: Undisclosed
Sector: Digital marketing
Date announced: 13th July 2016
Investors: Mumbai Angels and Times Internet, with participation from a clutch of angel investors, for its cloud based smart signage solution.
What they will use the funding for: The funds will be used for product enhancement and international expansion.
Source: The Times of India

 

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Company Name: Quickli
Amount raised: Undisclosed
Sector: Last-mile delivery
Date announced: 7th July 2016
Investors: AVG Group and 500 Startups.
What they will use the funding for: To expand into newer cities including Bangalore
Source: Ettech

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Company Name: Urban Tailor
Amount raised:
Sector: Online aggregator for tailors
Date announced: 13th July 2016
Investors: Unitus Seed Fund
What they will use the funding for: Expand operation into new cities
Source: Ettech

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Company Name: WorkApps
Amount raised: USD $1million
Sector: Enterprise workflow management
Date announced: 15th July 2016
Investors: SRI Capital
What they will use the funding for:  Expand into US, Europe and APAC regions
Source: Press Release

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Company Name: NFX Digital
Amount raised: $1 million
Sector: Consumer rewards portal
Date announced: 7th July 2016
Investors: Indian Angel Network
What they will use the funding for: Expand operations in India as well in the UK by end of the year.

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Company Name: Pitstop
Amount raised: Undisclosed
Sector: Car services and repair
Date announced: 7th July 2016
Investors: Alex Chua, chief operating officer of Singapore-based Goldbell Group; and the founder of Moglix, Rahul Garg.
What they will use the funding for: Upgrade technology, infrastructure and customer experience.
Source: Dealstreetasia

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Company Name: SpectraVR
Amount raised: Undisclosed
Sector: Virtual Reality
Date announced: 6th July 2016
Investors: US-based technology venture capital firm Rothenberg Ventures.
What they will use the funding for: Product development, which includes creating VR-based games for brands,  movies and other short VR video content.
Source: Inc42

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Company Name: Holachef
Amount raised: Rs 13 crore ($1.95 million)
Sector: Online food ordering
Date announced: 8th July 2016
Investors: Kalaari Capital and India Quotient.
What they will use the funding for: Not disclosed
Source: Techcircle

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Company Name: AppsDaily
Amount raised: $2 million (around Rs 13.5 crore)
Sector: Mobile app development and distribution
Date announced: 7th July 2016
Investors: Kalaari Capital, Qualcomm Ventures, Russian venture capital fund ru-Net and Zodius Technology Opportunities Fund
What they will use the funding for: Not disclosed
Source: Techcircle

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Company Name: Purplle.com
Amount raised: Undisclosed
Sector: Beauty products marketplace and services
Date announced: 11th July 2016
Investors: JSW Ventures
What they will use the funding for: Upgrade technology, “create deeper salon integration and expanding supply to include exclusive brands andown labels”
Source: Techcircle

 

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