Our weekly column summarizes the tech financing highlights in India this week.
Wearable technology startup HUG Innovations’ smartwatch and AI powered personal shopping assistant Niki garnered the most attention in India’s investment market this week.
Wearable technology startup HUG Innovations raises USD 5 million for Series A
HUG Innovations
Founders: Raj Neravati
Founded in: 2014
Financing status: USD 5 million for Series A round in 2017
Wearable technology startup HUG Innovations on Monday raises USD 5 million for Series A to develop application areas including fitness, virtual reality, industrial automation, and drones.
Niki.ai raises funds for its AI powered personal shopping assistant services
Niki.ai
Founders: Sachin Jaiswal, Keshav Prawasi, Nitin Babel, Shishir Modi
Founded in: 2015
Financing status: USD 2 million for Series A round in 2017
AI shopping assistant startup Niki.ai on Wed raises USD 2 million for Series A round to strengthen its machine learning capabilities, build voice and multilingual functionalities, and expand its distribution networks.
Online fintech lending platform LoanTap raises USD 4 million in Series B
LoanTap
Founders: Satyam Kumar, Vikas Kumar
Founded in: 2016
Financing status: USD 4 million Series B round in 2017
Online fintech lending platform LoanTap raises USD 4 million in Series B to enhance collection features in its software, other than reaching out to business hubs, and tier two and three cities in India. last Friday
Gym and fitness aggregator app FITPASS raises USD 1 million in seed round
Fitpass
Founders: Akshay Verma, Arushi Verma
Founded in: 2015
Financing status: USD 1 million for seed round in 2017
Gym and fitness aggregator app FITPASS on Thursday raises USD 1 million in seed round to expand the full suite of its services across 10 cities in the next six months.
Digital lending fintech startup Stashfin raises USD 5 million for pre-Series A
Stashfin
Founders: Tushar Aggarwal
Founded in: 2016
Financing status: USD 5 million pre-Series A round in 2017
Digital lending fintech startup Stashfin on Tuesday raises USD 5 million for pre-Series A.
Data analytics startup Quantta Analytics raises undisclosed amount for pre-SeriesA
Quantta Analytics
Founders: Ritesh Bawri, Malvika Bawari
Founded in: 2012
Financing status: undisclosed amount for pre-Series A in 2017
Data analytics startup Quantta Analytics on Tuesday raises undisclosed amount for pre-SeriesA to enhance its tech stack, strengthen the core technology team, and expand its presence across various cities in India.
Voice and picture based social startup VoxWeb attracts USD 1 million for seed round
VoxWeb
Founders: Yash Mishra
Founded in: 2014
Financing status: USD 1 million for seed round in 2017
Voice and picture based social startup VoxWeb attracts USD 1 million for seed round to strengthen technologies, add innovative features to cater to the new generation of social media users, focus on increasing its user base, and may also spend on building its brand in colleges. last Friday
Travel solution startup V Resorts attracts USD 4 million for seed round
V Resorts
Founders: Aditi Balbir
Founded in: 2011
Financing status: USD 4 million for seed round in 2017
Travel solution startup V Resorts on Monday attracts USD 4 million for seed round to invest in consumer and operator interfaces.
