Our weekly column summarizes the tech financing highlights in India this week.
E-commerce has proven to be a popular investment area in India over the last two weeks. This week, online interior design startup Design Cafe, and food and beverages startups Epigamia and Foom all secured substantial amounts of financing for expansion of their businesses.
Online interior design startup Design Cafe raises an undisclosed round of funding
Design Cafe
Founders: Gita Ramanan and Shezaan Bhojani
Founded in: 2011
Financing status: An undisclosed round of funding in 2017
Online interior design startup Design Cafe on Monday raises an undisclosed round of funding to expand in Delhi and Mumbai.
Epigamia yogurt-maker Drums Food raises USD 13.8 M for Series B
Drums Food
Founders: Rohan Mirchandani, Ganesh Krishnamurthy, Uday Thakkar
Founded in: 2008
Financing status: USD 13.8 million for Series B round in 2017
Epigamia yogurt maker Drums Food last Friday raises USD 13.8 million for Series B to launch new flavors, initiate brand-building and increase production capacity.
Dairy tech solutions startup Stellapps raises Series A
Stellapps
Founders: Ranjith Mukundan, Praveen Nale, Ravishankar Shiroor, Ramakrishna Adukuri, and Venkatesh Seshasayee
Founded in: 2011
Financing status: Undisclosed Series A round in 2017
Dairy tech solutions startup Stellapps on Monday raises undisclosed amount for Series A.
Digital payments startup Innoviti attracts USD 18.5 million for Series B
Innoviti
Founders: Rajeev Agrawal
Founded in: 2002
Financing status: USD 18.5 million Series B round in 2017
Digital payments startup Innoviti on Wednesday attracts USD 18.5 million for Series B to market its uniPAY Next digital payments platform experience, to acquire customers, and to expand the platform to provide working capital loans to Kirana stores and brand franchises.
Logistics startup VDeliver receives undisclosed Pre-Series A funding
VDeliver
Founders: Srinivas Madhavam
Founded in: 2011
Financing status: Undisclosed Pre-Series A round in 2017
Logistics startup VDeliver on Wednesday receives undisclosed pre-Series A funding.
Subscription-based drinks app Foom raises USD 46,000 seed funding
Foom
Founders: Lokesh Bevara
Founded in: 2017
Financing status: USD 46,000 for seed round in 2017
Subscription-based drinks app Foom on Thursday raises USD 46,000 seed funding to raise the next round of funds in the next six months and will utilize the funds to expand operations to all of India’s major cities by the end of 2019.
(Top photo from Pixabay)
