Our weekly column summarizes the tech financing highlights in India this week.
O2O startups are attracting major interest from investors. This week, O2O startup RentoMojo, which offers a monthly online subscription-based furniture and appliances rental service for its users, attracted major investment. Another O2O furniture company Refabd also raised funds earlier this month. Refabds’ platform allows consumers to buy secondhand furniture and home-appliances that have undergone quality tests.
Online furniture rental startup RentoMojo raises USD 10M for Series B
RentoMojo
Founders: Geetansh Bamania, Achal Mittal, Ajay Nain and Gautam Adukia
Founded in: 2014
Financing status: USD 10 million for Series B round in 2017
Online furniture rental startup RentoMojo, on Wednesday, raised USD 10M for Series B to develop new product-lines, build a stronger team, and expand to more cities.
Realty analytics startup QwikSpec raises USD 540K for pre-Series A
QwikSpec
Founders: Ajith Alexander and Roby Kurien
Founded in: 2015
Financing status: USD 540K pre-Series A round in 2017
Realty analytics startup QwikSpec, last Friday, raised USD 540,000 for pre-Series A. Funds will be used to increase its technology infrastructure and business development and customer acquisition functions. The compay plans to expand to overseas markets starting with Southeast Asia and the West.
Supply chain startup Increff raises USD 2M in undisclosed round
Increff
Founders: Nirmal Jain, Rajul Jain, Anshuman Agarwal and Romil Jain
Founded in: 2016
Financing status: USD 2 million in undisclosed round in 2017
Supply chain startup Increff, on Monday, raised USD 2M in undisclosed round to expand their customer base, product portfolio, and hire new people for their technology team.
Trade fintech startup Vayana Network raises USD 4M for Series A
Vayana Network
Founders: H. Srikrishnan and Ramaswamy Iyer
Founded in: 2009
Financing status: USD 4 million for Series A round in 2017
Trade fintech startup Vayana Network, on Monday, raised USD 4M for Series A to strengthen its B2B trade financing network in India and abroad.
Edtech startup PlayAblo raises USD 600K
PlayAblo
Founders: Dheeraj Sharma
Founded in: 2015
Financing status: USD 600K for undisclosed round in 2017
Edtech startup PlayAblo, on Wednesday, raised USD 600K to upgrade its technology platform, optimize product development, and invest in infrastructure to increase sales.
Healthcare provider Paras Healthcare raises USD 42M
Paras Healthcare
Founders: Dharminder Nagar
Founded in: 2006
Financing status: USD 42M for undisclosed round in 2017
Healthcare provider Paras Healthcare, on Monday, raised USD 42M for expansion and growth across different regions in India.
(Top photo from Pexcel)
