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Funding Watch: Moglix, KOOH Sports, GoZefo, FabAlley & more

funding-money

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

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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

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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

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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

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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

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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 across major industrial hubs and upgrade its technology platform
Source: The Times of India

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Company Name: Indian School Finance Company
Amount raised: $6 Million
Sector: Education
Date announced: October 14, 2016
Investors: Gray Matters Capital
What they will use the funding for: To increase its average lending size and onboard more clients.
Source: Inc42

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