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Funding Watch: BigStylist, Prozo, CheersOye!, BuildTraders & more

funds-money

Company Name: BigStylist
Amount raised: Rs 6 crore ($900,000)
Sector: Beauty-services marketplace
Date announced: 6th September 2016
Investors: Info Edge (India) Ltd.
What they will use the funding for: Not mentioned
Source: Techcircle

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Company Name: Prozo
Amount raised:
Sector: Education-tech
Date announced: 7th September 2016
Investors: Earlsfield Capital, Sailender Solanki and Rajiv Solanki
What they will use the funding for: To acquire more retailers, build integrated technology solutions for automation purposes
Source: Techcircle

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Company Name: eShakti
Amount raised:
Sector: Online women’s apparel store
Date announced: 6th September 2016
Investors: Infina Finance Pvt. Ltd, Polaris Banyan Holding Pvt. Ltd
What they will use the funding for: Not mentioned
Source: Techcircle

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Company Name: CheersOye!
Amount raised:
Sector: Online gifting platform
Date announced: 6th September 2016
Investors: Undisclosed
What they will use the funding for: To introduce other entertainment categories, hire staff and expand to other cities.
Source: Techcircle

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Company Name: BuildTraders
Amount raised: $200K (INR 1.3 Cr)
Sector: Ecommerce store for building materials
Date announced: 8th September 2016
Investors: Idein Ventures
What they will use the funding for: To enhance its technology, infrastructure and add more suppliers
Source: Inc42

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Company Name: NoBroker
Amount raised: Undisclosed
Sector: Online real-estate and home rental
Date announced: 8th September 2016
Investors: Anand Chandrasekaran.
What they will use the funding for: Not mentioned
Source: Inc42

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Company Name: Makkajai
Amount raised: $250K (INR 1.6 Cr)
Sector: Education tech
Date announced: 8th September 2016
Investors: Angel investors via LetsVenture.
What they will use the funding for: To enhance technology and design, and for marketing.
Source: Inc42

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Company Name: KarmaCircles
Amount raised: Undisclosed
Sector: Social learning platform
Date announced: 10th September 2016
Investors: Harinder Takhar, Zain Raj, Dr. Prasad Kaipa, Abaran Deep, Aseem Sood and Mustafa Patni.
What they will use the funding for: To roll out the enterprise version of its app.
Source: Inc42

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Company Name: Poshtick
Amount raised: $450,000
Sector: Health and Wellness
Date announced: 10th September 2016
Investors: Bhavya Sharma and Amit Nagar,
What they will use the funding for: Product development, team expansion and to create a supply chain.
Source: Livemint

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Company Name: AlternaCare
Amount raised: $500k
Sector: Health tech
Date announced: 7th September 2016
Investors: Eros Labs
What they will use the funding for: Product development, hiring new talent, branding and for geographic expansion.
Source: Et Tech

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