Company Name: Indian Gifts Portal Amount raised: $2 million Sector: Gifts Portal Date announced: 4th October 2016 Investors: Karamchand group, and Tarun Joshi What they will use the funding for: To integrate machine learning technology in gifts discovery and hiring talent in senior positions. Source: TechCircle * Company Name: KOOH Sports Amount raised: $2.2 Mn (INR 13 Cr) Sector: Sports Date announced: 07th October 2016 Investors: Existing investors What they will use the funding for: To expand into international markets, product development, and marketing, and for hiring new talent. Source: Inc42 * Company Name: GoZefo Amount raised: $1.05 Mn (INR 6.9 Cr) Sector: Ecommerce Date announced: 07th October 2016 Investors: Helion Venture Partners, Beenext What they will use the funding for: Source: Inc42 * Company Name: FabAlley Amount raised: Rs 13 crore ($2 million) Sector: Online Fashion Date announced: 13th October 2016 Investors: India Quotient, IAN, Ranjan Sharma What they will use the funding for: To expand offline presence and its product category, marketing and promotions. Source: ETtech * Company Name: Kidsstoppress.com Amount raised: Undisclosed Sector: Parenting and Baby care Date announced: 13th October 2016 Investors: Karan Bhagat, What they will use the funding for: To strengthen its technology infrastructure and team, and to expand its services to more cities across the country. Source: TechCircle * Company Name: Moglix Amount raised: Rs 28 cr (~3 Mn) Sector: B2B e-commerce Date announced: 04th October 2016 Investors: Accel Partners, Jungle Ventures and SeedPlus. What they will use the funding for: To expand…
