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Funding Digest : Crayon Data, Fisdom, Farmlink, Doctalk, and others

Crayon Data secured funding from Infosys’s Kris Gopalakrishnan

Singapore and Chennai based big data and AI startup Crayon Data Pte Ltd has secured an undisclosed amount of funding from Infosys co-founder Kris Gopalakrishnan. The investment is part of Crayon’s Series A2 round of funding. Previous investors include Jungle Ventures, Tata Sons chairman emeritus Ratan Tata and Mitsui & Co., Ltd. and many prominent angels. The company was founded in 2012 by Srikant Sastri and Suresh Shankar. It builds big data software products for banking, hospitality and FMCG industries. Crayon will use the fresh capital further expand its global footprint and enhance its big data-based digital personalization engine MayaTM. The company has about 20 million customers worldwide and plans to reach 100 million customers in a year, it said in a statement.


Fisdom secures Series B funding of $4m

Bangalore-based Fisdom, a personal finance app, has raised series B funding of close to Rs 25 crore ($4 million) led by Accion Frontier Inclusion Fund, managed by Quona Capital. The financing round also included investment from existing investor, Saama Capital. Founded by Subramanya SV, Ramganesh Iyer, and Anand Dalmia, the app helps users manage their money with mutual funds etc. The company will use the fresh capital to further enhance its technology, expand its team and customer acquisition efforts. Fisdom also has plans to roll out more financial products such insurance and NPS onto the platform. Previously, Fisdom raised $1.1 million from Saama Capital in Series A in October 2016, and $500,000 from a group of angel investors.

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B2B Travel startup Itilite secures funding from Matrix Partners

Bangalore-based B2B Travel SaaS startup Itilite Technologies has raised an undisclosed amount of funding from Matrix Partners India, along with other angel investors. The startup will use the funds to strengthen its technology platform and to expand the team. Itilite’s travel management platform allows companies to manage employee travel and helps them in reducing the cost by giving incentives to employees who spend less than their travel allowance.

FarmLink secures $3m from Pioneering Ventures and Syngenta

FarmLink, a fruit and vegetable (F&V) supply chain company, has raised seed funding of Rs 20 crores ($ 3 million) from Pioneering Ventures and Syngenta. The agri-tech company plans to utilize this capital to expand its geographical reach and strengthen its technology and analytics capabilities in the supply chain. Founded in 2014 by Pioneering Ventures, FarmLink controls end-to-end supply chain of fruits & vegetables to reduce wastage and ensures better pricing for the farmers. FarmLink procures fruits and vegetables directly from their farmers partners through a network of collection and service centers and delivers them to companies like big retail stores, Hotel-Restaurant-Cafe (HORECA) chains, industrial processors and e-commerce food platforms.Currently, FarmLink procures close to 20 tons of produce per day through its multiple collection centers across Karnataka, Telangana and Maharashtra, and then supply them to companies in Mumbai and Bangalore.

Agri-tech startup Gobasco raises seed funding from Matrix Partners India

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New Delhi and Lucknow-based agri-tech startup Gobasco raised an undisclosed amount in its seed funding round from Matrix Partners India. The startup will use funds to expand the team and scale their technology platform built for agriculture-focused SMEs and farmers. Founded in 2017, Gobasco aims to solve complex supply chain optimization problems in agri-commodities with the help of real-time data analytics.

Cab aggregator AHA Taxis raises Pre-Series A funding

Noida- based AHA Taxis, an online aggregator for outstation travel, has raised an undisclosed amount in Pre-Series A funding from existing investors ah! Ventures and Lead Angels Network. The company plans to use the funding to expand its reach to newer geographies, and further strengthen the operations and service offering to customers. The startup allows riders to book one-way or roundtrip outstation cab. Note that, cab-hailing market is dominated by Ola and Uber, and both the players offer outstation taxis.

Doctalk raises $5M from Khosla Ventures, Matrix Partners, and others

Mumbai and US-based healthcare mobile app company DocTalk has raised funding of $5 million from Khosla Ventures, Matrix Partners India, Liquid2 Ventures, Arihant Patni, Apoorva Patni, Vy Capital, and others, reports Times of India. The publication reports that the company will use the funds to expand its team and onboard hospital chains on its platform. The company helps lets doctors and patients communicate via a mobile app, and helps patients to do away with a need of personal visit for follow-up consultations or a feedback on the report.

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