IAN, Native Angels Network Back Indian Snacks Portal Native Special
Foodtech startup Native Special Products Ltd has raised an undisclosed amount of investment from Indian Angel Network and Madurai based Native Angels Network. Native Special offers traditional sweets and snacks sourced from various parts of Tamil Nadu. The portal currently has over 42 products and more than 20 vendors on board. Angel investor Nagaraja Prakasam led this round of funding on IAN’s behalf and K Premnath joins the startup’s board. Native Special would utilise the funds for expansion to newer markets. The portal has over 7,500 registered users on portal and over 6,900 orders executed as on date.
Online Fitness Startup FITNAPP Raises Funds from SD Group
Fitness startup “FITNAPP” has raised Pre-Series A of funding from SD Group, Real Estate, Education and International trading company. The Delhi NCR based start-up venture by the young Entrepreneur restyles and transforms people’s workout by providing them access to numerous fitness classes groups and activities all under one fitness membership across a range of Cities at an affordable price scale and doing deep personalization to suit their lifestyle through flexi-pricing models along with other services. The Company will use the funds for online expansions, increasing the number of associations, partners and marketing. Also, in the next one year FITNAPP plans to infuse funds into technology and roll out new highly personalized fitness management tools for users.
Mobile B2B Marketplace Wydr Gets Series A funding
Mobile-based wholesale marketplace Wydr has raised a fresh round of undisclosed capital from Stellaris Venture Partners, Bessemer Ventures and Jungle Ventures. Singapore-based Axis CapitalBSE 2.02 % also participated in the round. The company, which connects manufacturers, wholesalers and retailers, across categories like fashion, home, automotive and electronics, plans to invest the cash to expand its seller base across wholesale hubs and build out new features in its product. The platform has also integrated a chat platform on the app to facilitate price negotiation between buyers and sellers. The company will utilise the funds to expand its seller base across wholesale hubs and introduce new categories, among other things.
Athletto Shortlisted for Facebook’s FbStart Programme
Bengaluru-based O Tree Solutions Pvt Ltd, which operates sports tech startup Athletto has been selected by Facebook Inc. for its FbStart programme. The startup will receive credits up to $40,000 and free tools and services from Facebook and its more than 30 partners including Amazon, UserTesting, Dropbox, and MailChimp. Besides partners, it will get free access to more than 25 services including open source tools like React Native, FB Login and Account Kit and App Analytics. The startup will get an opportunity to connect directly with the Facebook team and will be enrolled into the social media giant’s exclusive community of global startups that include Adobe, Coursera, Dropbox, and Salesforce.
App Driven Marketplace Little Acquires Stylofie
Online-to-offline deals marketplace Little has acquired Stylofie, a curated platform for offers on salons and spas. The mixed cash-and-equity deal will be the second acquisition by Little after it acquired Trideals, a Chandigarh-based deals marketplace. The acquisition will drive growth for Little and enable them to further penetrate the beauty and wellness segment, which is an important category for the company. With this acquisition, Little will get access to more than 50,000 registered visitors and 1000+ merchants on the Stylofie platform. Stylofie provides consumers with the opportunity to book, compare and rate their favorite salon/spas in Bangalore, Delhi and Gurgaon.
91springboard Announces Hub 3 In Bengaluru
Three months after it launched a new hub in Mumbai, Delhi-based coworking space 91springboard is launching another hub in startup capital, Bengaluru. This new hub is located right off MG Road and will house over 900 startup entrepreneurs. The hub, its third hub in the city, is within walking distance from the MG road metro station, was built over a period of 50 days. Coworking plans start from INR 4,999 to INR 7, 999 per person per month. The facilities include Internet, conference rooms, photocopy/print/scan, network with startup community, free or discounted access to events, access to a mentor network etc. It began its operations in Delhi in 2013 and has since grown to seven cities with hubs in Delhi, Gurugram, Noida, Hyderabad, Bangalore, Navi Mumbai, and Mumbai.
ID Capital Launches Future Food Asia Award
Investment and consulting firm, ID Capital has launched the 2017 ‘Future Food Asia Award (FFAA).’ Supported by the Economic Development Board (EDB) of Singapore, the award is dedicated to Agriculture (agritech) and Food technology (foodtech) startups in the Asia Pacific region. The FFAA will select the most-promising startups in the region who place sustainable development at the core of their business proposition. It aims to help startups realise their full potential by connecting them to investors and multinational companies. The Grand Prize winner of FFAA will be awarded $100K. The Award is open to Pre-Series A startups in Asia, with at least $500K seed money and who plan to raise between $2 Mn or more in the next 18 months.