Our weekly column summarizes the tech financing highlights in India this week.
E-commerce startup Just Buy Live raised the largest amount of financing, USD 100 million, in this week’s news. Beside e-commerce, O2O attracted attention of investors in the Indian investment arena again. Treebo Hotels raised USD 34 million for its budget hotel chain development. CureFit raised USD 25 million for its healthy lifestyle services; Inkmonk raised a seed funding round for its online-designing and offline-printing business. Fintech startup Ezetap also secured USD 16 million for its mobile POS solutions. And, healthcare IoT startup Doxper also attracted seed round for its data-recording pen products.
Online distributor Just Buy Live raises USD 100M for Series B
Just Buy Live
Founders: Sahil Sani and Bharat Balachandran
Founded in: 2015
Financing status: USD 100M for Series B round in 2017
Online distributor Just Buy Live last Thursday raised USD 100M for Series B to expand into international markets and consolidate Indian local operations.
Ezetap raises USD 16M for its mobile POS solution service
Ezetap
Founders: Abhijit Bose, Bhaktha Keshavachar and Sanjay Swamy
Founded in: 2011
Financing status: USD 16M for undisclosed funding round in 2017
Ezetap last Thursday raised USD 16M for its mobile POS solution service to innovate and expand its payments platform.
Online printing marketplace Inkmonk raises USD 750K
Inkmonk
Founders: John Weasley and Surya Sankar
Founded in: 2015
Financing status: USD 750,000 for undisclosed funding round in 2017
Online printing marketplace Inkmonk last Friday raised USD 750,000 to offer close to 100 categories in the next few months, as well as, increase their marketing activities.
Health-tech startup CureFit raises USD 25M for Series B
CureFit
Founders: Mukesh Bansal and Ankit Nagori
Founded in: 2016
Financing status: USD 25 million for Series B round in 2017
Health-tech startup CureFit on Monday raised USD 25 million for Series B to strengthen its technology platform, set up shop in Gurgaon, and in 2018 expand to two other cities.
Budget hotel chain Treebo Hotels raises USD 34M for Series C
Treebo Hotels
Founders: Sidharth Gupta, Rahul Chaudhary and Kadam Jeet Jai
Founded in: 2015
Financing status: USD 34 million for Series C round in 2017
Budget hotel chain Treebo Hotels on Wednesday raised USD 34M for Series C to enhance customer experience, build a stronger brand, strengthen its technology team and expand to more cities.
Health-tech startup Doxper raises USD 750K for Seed round
Doxper
Founders: Randeep Singh, Shailesh Prithani and Pawan Jain
Founded in: 2015
Financing status: USD 750,000 for Seed round in 2017
Health-tech startup Doxper on Monday raised USD 750K for seed round to scale up operations and enhance the technology platform.
(Top photo from Maxxelli Consulting website)
