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Funding Watch: Bluestone, Applop, OneIndia, Fella Homes, Voonik & more

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Company Name: Bluestone
Amount raised: Rs 200 crore
Sector: Online jewellery retailer
Date announced: 18th July 2016
Investors: Kalaari Capital, Accel and IvyCap Ventures
What they will use the funding for: The investment will be used by the company to set up an additional manufacturing unit outside of Mumbai where it operates two units.
Source:  The Economic Times

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Company Name: Applop
Amount raised: $250,000
Sector: SaaS provider
Date announced: 19th July 2016
Investors: Green House Ventures Accelerator
What they will use the funding for: The investment will be used for technology development and expanding operations to Southeast Asia. A part of money will also be used for marketing and brand building.
Source:  iamwire

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Company Name: ImageProVision Technology
Amount raised: Undisclosed
Sector:  Image analysis and applications development.
Date announced: 18th July 2016
Investors: Satish Jamdar, former managing director of Blue Star.
What they will use the funding for: The company will use the funds raised towards its general business operations  and acquiring more clients.
Source: Inc42

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Company Name:  Satvacart
Amount raised: $2M
Sector: Grocery eCommmerce
Date announced: 14th July 2016
Investors: Abhijit Avasthi, Karan Chellani and SP Vijay
What they will use the funding for:
Source:  The Economic Times

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Company Name: BankerBay
Amount raised: $2M
Sector: Investment banking platform
Date announced: 14th July 2016
Investors: Undisclosed
What they will use the funding for: To expand presence in London and New York.
Source:  Techcircle

 

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Company Name: Wiwigo
Amount raised: $600K (INR 4 Cr)
Sector: taxi service provider
Date announced: 21st July 2016
Investors:  Indian Angel Network (IAN) and two HNIs.
What they will use the funding for: For general business operations and discounts/new pricing for customers.
Source:  Inc42

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Company Name: Skrilo
Amount raised: $1.5 million (about Rs 10 Crore)
Sector: Mobile Marketing
Date announced: 22nd July 2016
Investors: Livspace CEO Anuj Srivastava and Arvind Tiku, chairman of AT Capital Group.
What they will use the funding for: For marketing/promoting its rewards program, developing new products and to upgrade its technology.
Source:  ET Tech

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Company Name: UrDoorstep
Amount raised: Rs 3 crore
Sector: Online hypermarket
Date announced: 22nd July 2016
Investors: CP Murali
What they will use the funding for: To expand across  92 pincodes in Banagalore city over the coming two months and aims to have a pan-India presence in the next six months.
Source:  ET Tech

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Company Name: My Taxi India
Amount raised: $1 Mn (INR 6.65 Cr)
Sector: Inter-city cab rental platform
Date announced: 21st July 2016
Investors:  Nihon Kotsu, a taxi raental company based in Japan.
What they will use the funding for: Expanding its operations in Tier-II and Tier-III cities in India, upgrading technology, marketing and branding.
Source:  Inc42

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Company Name: SimplyMoveIn
Amount raised: Undisclosed
Sector: Online rental
Date announced: 22nd July 2016
Investors: Hong Kong-based investment firm Swastika Company Ltd,
What they will use the funding for: Acquiring fresh talent hiring, marketing operations, upgrading technology, and geographical expansion.
Source:  Techcircle

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Company Name: AbeRuk
Amount raised: Undisclosed
Sector: Online marketplace for used books
Date announced: 20th July 2016
Investors: Hong Kong-based investment firm Swastika Company Ltd,
What they will use the funding for: Scaling up operations, expanding seller base, and in upgrading technology.
Source:  Techcircle

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Company Name: Truckola
Amount raised: Rs 4 crore (around $595,000)
Sector: Logistics software solutions
Date announced: 20th July 2016
Investors: Abhishek Agarwal of Fortune Interfinance Ltd
What they will use the funding for: Upgrading its technology base and general business operations.
Source:  Techcircle

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Company Name: Fella Homes
Amount raised: $2M
Sector: Furnished home/PG rental
Date announced: 26th July 2016
Investors: Undisclosed
What they will use the funding for: Acquiring new properties and tenants, hiring new talent, and product development.
Source:  Inc42

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Company Name: Neuron
Amount raised: $200K
Sector: Machine learning, AI, and SaaS
Date announced: 28th July 2016
Investors:
What they will use the funding for:  R&D in machine learning, and natural language processing to develop deep learning models. Acquiring fresh talent
Source: Inc42

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Company Name: Voonik
Amount raised: $3 million (Rs 20 crore)
Sector: Online ethnic/fashion store
Date announced: 30th July 2016
Investors: InnoVen Capital
What they will use the funding for:
Source: Techcircle

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Company Name: AppSay
Amount raised: $150,000
Sector: Business communication platform
Date announced: 29th July 2016
Investors: Venture Catalysts in an investment round led by Shreyans Shah and Mayank Shah of Toyochem Laboratories.
What they will use the funding for:
Source: ETtech

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Company Name: Medinfi
Amount raised: $200,000 (Rs 1.5 crore)
Sector: Online clinic/doctors discovery platform
Date announced: 30th July 2016
Investors: Angel funding
What they will use the funding for: Expanding user base to 5,00,000 by March 2017 through planned launches of its services across India and Southeast Asia.
Source: Techcircle

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Company Name: GoCoop
Amount raised: Undisclosed
Sector: Online marketplace for co-operatives and community-based weavers and artisans.
Date announced: 29th July 2016
Investors: Infosys co-founder Kris Gopalakrishnan, Saha Fund, and existing investors.
What they will use the funding for: Upgrading technology and expanding to new buyer and seller bases.
Source: Business-Standard

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Company Name: MaxWholesale
Amount raised: $150,000
Sector: B2B commerce
Date announced: 28th July 2016
Investors: Maple Capital Advisors, Abhinav Grover
What they will use the funding for: To scale existing operations and upgrading technology platform.
Source: Techcircle

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