India Funding Roundup: A Hyperlocal Discovery Platform, Mobile Parenting App, and More

India Funding Roundup: A Hyperlocal Discovery Platform, Mobile Parenting App, and More

Our latest funding roundup covers angel and VC investments in startups engaged in hyperlocal discovery, parenting, home services, finance, medical diagnostics, and e-commerce.

Gurgaon-based hyperlocal discovery platform, Magicpin, has reportedly raised $3 million (roughly Rs. 20 crores) in Series A round of funding from existing investor Lightspeed Venture Partners. The startup founded in 2015 by Brij Bhushan, and Anshoo Sharma provides real-time promotions, loyalty programmes and content updates to promote merchants registered on its platform.

Parenting app BabyBerry, operated by Bengaluru-based CereBrahm Innovations has reportedly secured $1 million (Rs. 6.8 crores) in angel funding. The startup provides features such as vaccination charts, health records management and doctor discovery, through its apps, available on iOS and Android.

Home services startup Taskbob has reportedly raised Rs. 28 crores in its Series A round of funding, led by IvyCap Ventures, and existing investors Orios and Mayfield. Currently operational in Mumbai, the startup plans to use the funds to expand to other cities, starting with Bengaluru.

(Also read: Roundup: 9 Indian Apps To Get Your House In Order)

Finance Buddha
VC firm Chennai Angels has reportedly invested an undisclosed amount in Finance Buddha, a loan comparison platform. The startup provides financial service products such as personal loans, unsecured business loans, home loans, loans against property and insurance.

Advantage Club
Gurgaon-based Advantage Club, a mobile-first platform for corporate employee benefits has reportedly raised Rs. 2.7 crores funding from a round led by Purvi Ventures, Mumbai Angels, and other angel investors. The startup plans to use the funds to expand its presence, and enhance the product with analytical features.

Medical technology startup SigTuple has reportedly received an undisclosed sum in seed investment from Flipkart founders Sachin and Binny Bansal, venture capital giant Accel Partners, and other angel investors. The Bengaluru startup aims to provide affordable solutions for automating disease diagnosis.

Delhi-based curated online retail store Jaypore has reportedly raised Rs. 30 crores in funding from social venture capital firm Aavishkaar. Founded in 2012, the startup reportedly records between 200-400 transactions a day, and plans to use the funds to scale up its technology infrastructure, brand building efforts and team size.

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Original NDTV Gadgets

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