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Funding Watch: InnerChef, Mystifly, World Art Community, Unocoin & more

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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

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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

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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

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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 

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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

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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 strengthen its technology platform.
Source: Inc42

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Company Name: Unocoin
Amount raised: $1.5 million (~Rs 10 crore)
Sector: Fintech/Bitcoins
Date announced: 30th September 2016
Investors: Blume Ventures, Mumbai Angels and ah! Ventures, Digital Currency Group, Boost VC, Bnk to the Future, and FundersClub
What they will use the funding for: Product development, hiring new talent and geographical expansion.
Source: ETtech

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Company Name: Kalaage 
Amount raised: Undisclosed
Sector: Social network for writers
Date announced: 29th September 2016
Investors: Rajasthan Angel Innovators Network
What they will use the funding for: Upgrading its technology and collaborations with publications and writing communities, and for expanding into South Asian markets and  North American markets as well.
Source: Inc42

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Company Name: Demyto
Amount raised: Undisclosed
Sector: Automobile maintenance
Date announced: 30th September 2016
Investors: Cybage co-founder Deepak Nathani
What they will use the funding for: To integrate IoT capability.
Source: Inc42

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