IoT Monitoring Startup Roambee Raises $4.1M Series B Round
Shipment tracking firm Roambee Corp Thursday said it has raised $4.1 million, with $3.1 million coming from Deutsche Telekom’s corporate customer arm T-Systems, and the rest from undisclosed Silicon Valley-based investors. The company offers a device that has multiple sensors which can track shipments, along with software that provides analytics and real time information about shipments in transit. Roambee manufactures its tracking devices in Delhi and said it would also use the additional funding to increase production. It currently has about 100 customers in India, including Nestle India Ltd, Blue Dart Express Ltd, GlaxoSmithkline Pharmaceuticals Ltd and Hindustan Unilever Ltd.
Unacademy Secures INR 30 Crore led by Nexus and Blume Ventures
Unacademy, the online learning platform, has raised $4.5 million (approx. Rs 30 crores) in a Series A funding led by Nexus Venture Partners and existing investor Blume Ventures. Girish Mathrubootham, Ananth Narayanan along with Stanford Angels have also participated in the round. The one-year-old Bengaluru based startup, allows educators to create courses on various subjects, including exclusive content for various competitive exams, which can be accessed by students on their platform. Unacademy also has one of the largest educational YouTube channels in India. The fresh cash raised will be used to expand content portfolio, onboard educators on the platform, hire talent to scale up team, and improve user experience by leveraging technology.
SaaS Startup SecurAX Gets Funding from Axilor, Parampara Capital
Cloud-based solutions provider SecurAX Tech Solutions (I) Pvt Ltd has secured an undisclosed amount of funding from early stage investor Axilor Ventures, Parampara Early Stage Opportunities Fund and a clutch of angel investors. SecurAX is a business-to-business SaaS (software as a service) platform which aims to reduce costs for companies. It provides cloud-based security solutions, such as biometrics, radio frequency identification (RFID) systems, geo-tracking for workplaces and similar surveillance products. It caters to markets in India, the Middle East and Africa. The Bengaluru-based company will use the funds raised to upgrade its technology, widen its customer base and expand operations across India and the Middle East.
Skillveri Nabs INR 8 Crore in Series A Round
Chennai-based Skillveri Training Solutions Pvt Ltd, which makes simulators to train workers on various industrial jobs, has raised INR 8 crore in a Series A round from Michael & Susan Dell Foundation, and existing investor Ankur Capital. In this round, the Michael & Susan Dell Foundation has put in about ₹6 crore and Ankur Capital the balance. Skillveri now makes simulators to train workers in welding, and plans to launch simulators in other applications such as painting, paramedical procedures and jewellery making. It will use the money for launching the new simulators, and for product and market development.
PaisaWapas Raises Undisclosed Round of Angel Funding
PaisaWapas.com, an ecommerce deals platform aimed primarily at students has raised an undisclosed amount of angel funding from Vividhity Ventures, a group of IIT BHU alumni and senior Infosys and Dell executives. Paisawapas aggregates deals from other ecommerce platforms that are relevant for students and offers cash backs and discounts on these. In addition to providing cashbacks and deals specific to students, the website also carries student success stories in different fields like music etc. The company would look at partnering with other firms for online education options.
Electronic Gadget Repair Service Startup iService Receives INR 3 Crore
Electronic gadget repair service startup iService has raised Rs 3 crore in a seed funding round led by Blume Ventures along with angel investors such as Girish Mathrubootham, Aprameya Radhakrishna, Ankur Singla, Mekin Maheshwari and Vijay Sharma. iService, started by Ankit Chowdhary in 2013, has four brick-and-mortar stores in Bengaluru and Delhi and also offers on-demand services through its 35-member team. iService’s rates for service repair are between what is offered at authorised repair outlets of gadget companies and at local gadget repair shops. The funding raised will be used to enable existing service providers and bring them into a network.
YES Bank Invites Applications for Business Accelerator Programme YES FINTECH
YES Bank has announced the launch of a business accelerator programme – YES FINTECH (YFA) for fintech startups. The initiative is in association with T-HUB and Anthill Ventures, with LetsTalkPayments (LTP). With the YES FINTECH platform, YES Bank aims to co-create innovative solutions and partner in taking the solution to the bank’s retail and corporate customers. The focus areas will be payments, forex & treasury, capital markets, lending, trade finance, customer value added services, government risk & compliance, and enterprise software. It will be a 15-week programme structured in four phases with three weeks of on-site interventions and 11 weeks off-site interventions. Each stage will be focused on creating a market-ready product and a sustainable business model.