Experience discovery platform Trell gets $1.25M
Trell, an experience discovery platform which allows users to share travel and local content in the for of short video, has raised seed round of $1.25 million co-led by BEENEXT and WEH Ventures. Sprout Venture Partners, Google India MD Rajan Anandan, Shaadi.com Founder Anupam Mittal & other HNIs also participated in the round. The startup also saw participation from existing angels Aprameya Radhakrishna (Founder, TaxiForSure), Nirav Choksi (CEO, Credable), Shanti Mohan (CEO, LetsVenture), Nitin Gupta (CEO, Ola Money and Founder, PayU India), Amit Lakhotia (VP — Business, Tokopedia) & others; from whom they had raised $250K in March 2017.
The startup will use the funds to expand and strengthen the team in the areas of product, technology and data science. It said in a statement that, it has already crossed half a million downloads and has over 200K monthly actives, in 8 months of its product launch. It was started by a team of IIT Bombay alumni Pulkit Agrawal, Prashant Sachan, Arun Lodhi & NITIE alumnus Bimal Kartheek
Rebba in August 2017. Currently, users are creating about 10,000 original posts every day, and it is growing 1.5X Month-on-month since September 2017. The company said that addressable user-base in India around experience discovery is currently at 230 million users including non-english speaking audience which are growing at 18% CAGR, and that Trell aims to capture 10% of this untapped market by the end of 2019.
Subscription pharmacy LifCare gets Series B of $11M
Corner Store Technologies, which operates subscription pharmacy under the brand ‘LifCare’, has raised Series B funding of $11 million from SAIF Partners, Nexus Ventures and IL&FS. The funds will be used expand LifCare’s geographical presence and further invest in technology.
LifCare is a subscription pharmacy targeting patients with chronic illnesses like diseases like diabetes, cardiac conditions, hypertension, renal disorders, thyroid, etc. The company serves North India where it serves about 300,000 families who take medicine refills every 30-60 days. LifCare was founded in 2015 by Krishna Killa, who was earlier with Bain Capital PE where he invested in healthcare and financial services and Rohit Mohta, who was with Cipla where he managed strategic initiatives.
“In the last two years, we’ve aimed to build a simpler and better pharmacy experience. We greatly value the confidence our investors have shown in our strategy and our commitment to build a sustainable subscription pharmacy. With this round, we’re excited to further expand our geographic footprint. “We will also look to expand our suite of services to become a full-service disease management platform for chronic patients,” said Krishna Killa, CEO & Co-founder of LifCare. Expanding from medicine delivery, LifCare will also be providing end to end services that chronic patients need to manage their diseases better, it said in a statement.
Woodenstreet.com raises Series A of $ 1M from RVCF
WoodenStreet, an online furniture platform has raised Series A funding of 1 Million led by RVCF (Rajasthan Venture Capital Funds). The company allow buyers to customers directly interact with designers and makers for custom furniture. The startup will use the funding money to expand in new business verticals such as complete interior design services and to open experience stores across in various cities. As of now, it has stores in Bangalore, Mumbai, and Jaipur.
Jaipur-based Wooden Street was co-founded by four engineering and commerce graduates – Lokendra Ranawat, Dinesh Pratap Singh, Virendra Ranawat and Vikas Baheti in May 2015. The company has marked traction of 10,000 new visitors per day on their website. It delivers across 30 cities in India, and have touched the base of 20,000 customers so far.