Company Name: InnerChef Amount raised: $2.5 million Sector: Food Delivery Date announced: 04th Oct 2016 Investors: Mistletoe, and M&S Partners What they will use the funding for: To focus on its top markets including Delhi, Mumbai, Bengaluru, and Hyderabad. Source: ETtech * Company Name: Mystifly Amount raised: Rs 34 crore (around $5 million) Sector: Air-ticket aggregator Date announced: 03rd Oct 2016 Investors: RSI I Fund LLC What they will use the funding for: To upgrade core technology, sales and marketing. Source: Techcircle * Company Name: World Art Community Amount raised: $200K Sector: Online art gallery Date announced: 03rd October 2016 Investors: Existing investors and more What they will use the funding for: Upgrade technology base, expand into new cities. Source: Press Release * Company Name: Promon.in Amount raised: $180,000 (~Rs 1.2 crore) Sector: Ecommerce Date announced: 28th September 2016 Investors: Now Capital What they will use the funding for: Expansion plans, and revamping its technology infrastructure. Source: TechCircle * Company Name: InMotion Media Ventures Amount raised: Undisclosed Sector: Fintech Date announced: 28th September 2016 Investors: Prashant Tandon, Gaurav Agarwal, Gaurav Bhogle, Shrishti Sahu, Shantanu Mathur, and Prabhat Agarwal What they will use the funding for: Expanding its operations into Tier II and Tier III cities in north India, and for product development. Source: Inc42 * Company Name: Fastudent Amount raised: Undisclosed Sector: Education supplies provider Date announced: 29th September 2016 Investors: Kanwaljit Sing, Ajay Lakhotia, Pavan Ongole, and Ashish Gupta What they will use the funding for: To expand into Mumbai, Bangalore, Pune etc., and…
