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Funding Watch: Healthians, Rooter, OnlineTyari & more

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Company Name: Healthians
Amount raised: Rs 20 crore
Sector: Healthcare
Date announced: 24th October 2016
Investors: Beenext
What they will use the funding for: To expand operations to Mumbai, Bengaluru and Hyderabad, according to Deepak Sahni, chief executive of Healthians, and to improve the technology at the lab end.
Source: ETtech

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Company Name: Rooter
Amount raised: Undisclosed amount
Sector: Social sports
Date announced: 17th October 2016
Investors: Boman Irani
What they will use the funding for: To strengthen the technology team at Rooter as well as to create strategic partnerships with various sports platforms, teams, fan clubs and associations.
Source: ETtech

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Company Name: IIMJobs
Amount raised: Rs 13 crore
Sector: Online classifieds
Date announced: 9th November 2016
Investors: India Quotient, Tracxn Labs and Calcutta Angels
What they will use the funding for: To invest the funds in recruitments for artificial intelligence and machine learning team to improve the product engineering as well as expanding its reach through marketing efforts.
Source: ETtech

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Company Name: OnlineTyari
Amount raised: Rs 13 crore
Sector: Education
Date announced: 9th November 2016
Investors: India Quotient, Tracxn Labs and Calcutta Angels
What they will use the funding for: To invest the funds in expanding its regional offering, exam coverage and strengthen its technology and analytics engine.
Source: ETtech

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Company Name: Medzin
Amount raised: $45,000
Sector: e-Pharmacy
Date announced: 5th November 2016
Investors: A. M. Sikander
What they will use the funding for: Product development, growth, and marketing purposes.
Source: Inc42

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Company Name: DoSelect
Amount raised: Undisclosed amount
Sector: e-Skills and certification
Date announced: 3rd November 2016
Investors: 3one4 Capital and Mumbai Angels
What they will use the funding for: Scale current traction areas through targeted marketing and sales funnels.
Source: Inc42

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Company Name: Zarget
Amount raised: $6 Mn
Sector: SaaS
Date announced: 3rd November 2016
Investors: Sequoia India, Accel Partners and Matrix Partners
What they will use the funding for: The startup will use the proceeds to scale its marketing automation products and help small businesses optimise their web presence in real-time without requiring any coding skills.
Source: Inc42

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Company Name: Bizongo
Amount raised: $3 Mn
Sector: ecommerce
Date announced: 5th November 2016
Investors: IDG Ventures and Accel Partners
What they will use the funding for: The  raised funds will be used to expand its seller base and serve pan-India demand.
Source: Inc42

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Company Name: Connect India
Amount raised: Rs 6.7 crore
Sector: Logistics
Date announced: 2nd November 2016
Investors: Aavishkaar
What they will use the funding for: It aims to build a last mile delivery network covering more than 50 cities, 450 district towns and 8,000 small towns, according to its website.
Source: Techcircle

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Company Name: AsepsisLife
Amount raised: Undisclosed amount
Sector: e-healthcare
Date announced: 5th November 2016
Investors: Angel investment
What they will use the funding for: The funding will be used to enhance company’s inorganic reach via social marketing.
Source: Inc42

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Company Name: Impact Analytics
Amount raised: $750,000
Sector: SaaS
Date announced: 31st October 2016
Investors: VC firm Aarin Capital, Mohandas Pai, Dr. Ranjan Pai, Michael Herzig, serial entrepreneur, and Ashish Lakhanpal, CEO, Kismet Capital
What they will use the funding for: The capital will be utilised for product development and to expand the team.
Source: Inc42

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Company Name: LaundryAnna
Amount raised: $150,000
Sector: Laundry services
Date announced: 2 November 2016
Investors: Angel investors
What they will use the funding for: To expand to other areas in the city with a combination of hub and spoke model and physical stores.
Source: Inc42

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Company Name: Sattviko
Amount raised: Undisclosed amount
Sector: Food
Date announced: 2 November 2016
Investors: Raman Roy- Founder Quatrro and Indian Angel Network, Ashish Gupta- Former COO Evalueserve, Gaurav Khurana- Microsoft, Vinnie Mehta- ED at ACMA, Yogesh Andlay- Founder, Nucleus Software Ltd. & more
What they will use the funding for: To expand packaged food products business across India and abroad.
Source: Yourstory

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Company Name: LetsMD
Amount raised: Undisclosed amount
Sector: E-healthcare
Date announced: 2nd November 2016
Investors: Calcutta Angels Network, LetsVenture, Anupam Mittal of Shaadi.com and Currae Healthtech
What they will use the funding for: The raised funds will be used to build the technology and develop the team and marketing.
Source: Economictimes

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Company Name: GolfLAN
Amount raised: $1 million
Sector: ecommerce
Date announced: 10th November 2016
Investors: YourNest Angel Fund, and Africa’s leading IT/ITES group, iSON
What they will use the funding for: To expand to Africa, Middle East, and SEA countries such as Malaysia, Singapore, Indonesia, Thailand, and Vietnam.
Source: Economictimes

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