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Tech Financing in India this week – Car sharing is fad

Our weekly column summarizes the tech financing highlights in India this week.

P2P car and motorbike sharing platform Drivezy raised the largest amount of investment with USD 10 million. Other two O2O startups also secured investment. Online restaurant booking platform EazyDiner secured USD 4.5 million for a Series B round while home interior design platform MyGubbi raised USD 2.7 million for a pre-Series A round. Other areas like geospatial SaaS startup Transerve, solar tech startup Oorjan, and AI-driven Fraud prevention startup ThirdWatch also landed substantial funding this week.

Photo from Pixabay

P2P car & motorbike sharing platform Drivezy raises USD 10 M

Drivezy

Founders: Ashwarya Singh, Hemant Sah, Vasant Verma, Abhishek Mahajan and Amit Sahu

Founded in: 2015

Financing status: USD 10 million for undisclosed round in 2017

P2P car and motorbike sharing platform Drivezy last Friday raised USD 10 million to enter new markets across India and overseas.

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Photo from Eazydiner website

Restaurant reservation platform EazyDiner secures USD 4.5 M for Series B

EazyDiner

Founders: Vir Sanghvi, Sachin Pabreja, Shruti Kaul, Ruchika Dhamija, Sue Reitz, and Manish Kutula

Founded in: 2014

Financing status: USD 4.5 million for Series B round in 2017

Restaurant reservation platform EazyDiner on Wednesday secured USD 4.5 million for Series B to expand to more domestic and international market, and plan to set up operations in Abu Dhabi in 2018.

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Photo from Pixabay

Home interior design platform MyGubbi raises USD 2.7 M for pre-Series A round

MyGubbi

Founders: Umesh Sangurmath, Ravi Rao

Founded in: 2015

Financing status: USD 2.5 million for pre-Series A round in 2017

Home interior design platform MyGubbi on Monday raised USD 2.7 M for pre-Series A round to enhance its brand in existing markets, strengthen its backend, and set up a design center in Bangalore.

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Photo from Pixabay

Geospatial SaaS startup Transerve raises USD 1.6 M for Series A

Transerve

Founder: Amarsh Chaturvedi and Ashwani Kumar

Founded in: 2009

Financing status: USD 1.6 million for undisclosed round in 2017

Geospatial SaaS startup Transerve two weeks ago raised USD 1.6 million for Series A.

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Photo from Vcg.com

Rooftop solar startup Oorjan raises USD 450,000 for seed round

Oorjan

Founders: Roli Gupta and Gautam Das

Founded in: 2014

Financing status: USD 450, 000 for seed round in 2017

Rooftop solar startup Oorjan last Thursday raised USD 450,000 for seed round to scale operations, augment sales efforts, and further build its technology advantage.

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Photo from Flickr. Content Creator, Mary Henderson

Fraud prevention startup ThirdWatch raises undisclosed amount for seed round

ThirdWatch

Founders: Adarsh Jain and Shashank Agarwal

Founded in: 2016

Financing status: Undisclosed amount for seed round in 2017

Fraud prevention startup ThirdWatch raises undisclosed amount for seed round

Fraud prevention startup ThirdWatch on Tuesday raised undisclosed amount for seed round.

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(Top photo from Pixabay)

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