Our weekly column summarizes the tech financing highlights in India this week.
E-commerce fundraising is very active in India’s investment sector this week. Some popular e-commerce financing include industrial tools, automobile, food & grocery, and secondhand goods.
E-commerce marketplace Moglix raises USD 12 million for Series B
Moglix
Founders: Rahul Garg
Founded in: 2015
Financing status: USD 12 million Series B round in 2017
E-commerce marketplace Moglix on Tursday raises USD 12 million for Series B to support and further strengthen its technology solution in supply chain and manufacturing domain, boost infrastructure growth, and facilitate geographical expansion plans.
Automobile marketplace Droom raises USD 20 million for Series C round
Droom
Founders: Sandeep Aggarwal, Rishab Mali
Founded in: 2014
Financing status: USD 20 million for Series C round in 2017
Automobile marketplace Droom on Wednesday raises USD 20 million for Series C round to invest in a technology platform and 2-3 technology focused acquisitions.
Tagos Design raises funds for its interactive in-video discovery platform
Tagos Design
Founders: GBS Bindra, Sushant Panda, and Tripat Preet Singh
Founded in: 2014
Financing status: USD 5 million Series A round in 2017
In-video discovery platform Tagos Design last Friday raised USD 5 million for its Series A round for product innovation, team expansion, and to enhance its user community.
Local services aggregator UrbanClap raises USD 21 million for Series C
UrbanClap
Founders: Varun Khaitan, Raghav Chandra, Abhiraj Bhal
Founded in: 2014
Financing status: USD 21 million Series C round in 2017
Local services aggregator UrbanClap on Monday raised USD 21 million for Series C to develop technology, expand to more cities, and add new vendors.
Food & grocery wholesale marketplace Jumbotail raises USD 8.5 million for Series A
Jumbotail
Founders: S. Karthik Venkateswaran, Ashish Jhina
Founded in: 2015
Financing status: USD 8.5 million Series A round in 2017
Food & grocery wholesale marketplace Jumbotail on Tursday raises USD 8.5 million for Series A to build on its technology and to enhance operational capabilities.
Energy management tech provider Ecolibrium Energy raises USD 2.6 million in undisclosed round
Ecolibrium Energy
Founders: Chintan Soni, Harit Soni
Founded in: 2008
Financing status: Undisclosed round of USD 2.6 million in 2017
Energy management tech provider Ecolibrium Energy on Tuesday raises USD 2.6 million in undisclosed round to deepen customer engagement and expand to international markets. The company will also focus on deep machine learning algorithms for electrical equipment.
Secondhand goods seller Refabd raises USD 92,500 for seed round
Refabd
Founders: Rahul Varma, Vineeth Kumar and Durai Gowardhan
Founded in: 2016
Financing status: USD 92,500 seed round in 2017
Secondhand goods seller Refabd on Tuesday raises USD 92,500 for seed round to expand its team and expand its services to four more cities.
(Top Photo from Pixabay )
