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 * 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 * 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 * 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 * 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 * Company Name: Wiwigo Amount raised: $600K (INR 4 Cr) Sector: taxi service provider Date announced: 21st…
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