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Funding Watch: Velvetcase, Hello Tax, MySuperBrain, WealthTrust, Venture Catalysts

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Company Name: Venture Catalysts
Amount raised: $500,000 (valued at Rs 40 crore)
Sector: Investment platform
Date announced: 1st July 2016
Investors: Zaffiro
What they will use the funding for: expand its presence in five cities in 2016 and five more in 2 years.

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Company Name: Hello Tax
Amount raised: $294,000
Sector: Financial
Date announced: 28th June 2016
Investors: Sanjeev Sinha (chief managing director at brokerage firm Amrapali Aadya)
What they will use the funding for: It will use this first round of external funding for marketing for the app.
Source: Techcircle

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Company Name: Velvetcase
Amount raised: $1.5-$2M
Sector: Ecommerce (Jewelry markeplace)
Date announced: 29th June 2016
Investors:Uniqorn Ventures Fund,TV Mohandas Pai, S Somasegar, Chennai Angels
What they will use the funding for: expanding technology, marketing and seller acquisition services.
Source: Mint

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Company Name: MySuperBrain
Amount raised: Undisclosed
Sector: Education
Date announced: 28th June 2016
Investors: Soniks Consulting
What they will use the funding for: marketing initiatives, technology content
Source: Techcircle

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Company Name: WealthTrust
Amount raised: Undisclosed
Sector: Financial
Date announced: 2nd July 2016
Investors: India Quotient
What they will use the funding for: strengthen the team, ramp up its technology infrastructure and add more features to its app
Source: Techcircle

 

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