Rajasthan Venture Capital Fund Backs O2O Ecommerce Platform Direct Create
Online-to-Offline B2B platform for handicrafts Direct Create has secured an undisclosed amount of funding from Rajasthan Venture Capital Fund (RVCF). The company allows artisans, designers, and buyers to connect, collaborate, buy, and sell various handcrafted products via its platform. The startup also allows users to get customised goods for specific orders. It plans to follow an omnichannel strategy while reaching out to customers via mobile, web, and physical retail. The funding will be used to build the platform and enhance user experience. It will also be used to scale up maker and designer memberships via outreach efforts.
Mobile Data Platform Zeotap Scoops Up $12.7 Million in Series B
Zeotap, a startup that helps telecom companies sell their data to advertisers, announced today that it has raised €12 million in Series B funding (that’s just under $13 million). Zeotap’s tech allows carriers to translate their subscriber data into something that’s usable by other digital advertising platforms by matching user info with mobile identifiers. Although telco data is its bread and butter, Zeotap recently started adding other data sets to its stockpile through partnerships with navigation and weather companies for location data, and with security, utility and anti-virus companies for first-party behavioral data. Zeotap will use the funding to grow its engineering and data science team in Bangalore and expand into new markets for partnerships with data owners.
Healthy Snacks Brand The Green Snack Raises Angel Fund
Control Alt Foods Pvt. Ltd, which markets healthy snacks under the brand The Green Snack Co, has raised its angel round of funding from two wealthy individuals. The company claims to be offering a range of healthy snacks, including kale chips and quinoa puffs. These products are available in three flavours each. Kale chips are prepared through a unique process of dehydration that does not involve baking or frying while Quinoa puffs are roasted that keeps the nutrient value and raw goodness of the ingredients intact. The capital will be also used for product development and product launches, branding and hiring more professionals and also used to widen its distribution base.
Singapore’s SB Ventures Invests in PParkE
Bangalore-based Pristech Technologies Pvt Ltd, which runs parking solutions app PParkE, has raised an undisclosed amount in seed funding from Singapore-based early-stage investment firm SB Ventures. An IoT-enabled parking data and solutions startup, PParkE has mapped out more than 1.6 lakh parking spots across seven cities in the country. It recently expanded to Manila in the Philippines. Data on all these cities is being managed in real time. PParkE has also tied up with Bosch, Ford and a few other original equipment manufacturers (OEMs) for in-car parking solutions that are displayed as part of the dashboard packages offered by these automotive brands.
Angel Investors Back Construction Management Platform QwikSpec
Cloud-based construction field inspection and asset management platform QwikSpec has raised $300,000 (Rs 2 crore) in angel funding. The amount was raised from a veteran tech angel investor, whose name hasn’t been disclosed. Owned and operated by Xlsys Technologies Pvt Ltd, QwikSpec is an end-to-end jobsite management platform for the real estate industry. It helps developers reduce complexities in the construction of large projects by automating monitoring and supervising processes. The company initially offered solutions to automate the manual inspection process for oil rigs, but tweaked the product last year to cater to construction sites. The Bangalore-based startup will use the capital to scale up its product, apart from investing significantly in customer acquisition.
Venture Capital Firm Saama Raises $58 Million for Third Fund
Saama Capital, a venture capital firm has made a final close for its third fund at $58 million, or about Rs 390 crore. With this the corpus of the Bengaluru and Silicon Valley-based VC firm will reach nearly $140 million, or about Rs 935 crore. Saama Capital will continue its focus on the seed and series A rounds as it feels smaller fund size make it easier to return capital to its investors, or limited partners (LPs). Sectors in focus for the fund include financial technology, software as a service (SaaS) and non-technology consumer investments like Chai Point and Raw Pressery. Saama has already deployed a third of its corpus, with recent investment in companies like wealth management app Fisdom and personal shopping assistant Mezi.
MSD Telematics Acquires Noida Based Heuristics Info Systems
Gurugram-based MSD Telematics Private Limited, a telematics solutions firm, has acquired Heuristics Info Systems in an all cash deal. Following the acquisition Amit Dubey, founder partner Heuristics Info Systems, will be joining MSD Telematics as a board advisor. Heuristics offers vehicle tracking system and mobile application software while providing cost effective solutions to various industry segments. On the other hand MSD focusses on telematics integration, GPS-based tracking/remote asset management, mobility solution and all M2M solution-based products. It caters to various industrial verticals like logistics, transportation, schools, public distribution system etc. The telematics solution is offered under the brand name traQmatiX.
Zivame Co-Founder Steps Away, COO Takes Over
Bengaluru-based online lingerie retailer, Zivame’s founder Richa Kar has stepped away from the daily business operations of the portal. Shaleen Sinha, who was hired as the Chief Operating Officer (COO) in November 2015 has taken over. It started as an aggregator of lingerie brands. In September 2016, the company pivoted to a private label business in a bid to improve its margins and thereby boost its revenues. The company also recently announced its omnichannel strategy of adding 100 offline store and fitting centres across the country over the next two years.