Our weekly column summarizes the tech financing highlights in India this week.
Big data leads in this week’s Indian tech market. Internet services and retail analytics startup I2e1 raised the largest amount of investment with USD 3 million, followed by customer engagement platform EasyRewardz, which secured USD 2 million. Others like SaaS platform Nopaperforms, B2B travel management startup Itilite, and AR edtech startup Play Shifu also raised funding this week.
Big data and retail analytics startup I2e1 secures USD 3 M for Series A
I2e1
Founders: Satyam Darmora, Nishit Aggarwal, Gaurav Bansal, Maanas Dwivedi, Ashutosh Mishra, and Anugrah Adams
Founded in: 2015
Financing status: USD 3 million for Series A round in 2017
Internet services and retail analytics startup I2e1 on Wednesday secured USD 3 M for Series A to scale up the existing operations and launch a mobile application.
Customer engagement platform EasyRewardz secures USD 2 M for Series A
EasyRewardz
Founders: Angad Singh, Sapan Kadakia, Soumya Chatterjee and Tejas Kadakia
Founded in: 2011
Financing status: USD 2 million for Series A round in 2017
Customer engagement platform EasyRewardz on Tuesday secured USD 2 M for Series A to expand its business in local and international markets, as well as broaden and accelerate product development.
AR edtech startup Play Shifu raises undisclosed funding for pre-Series A
Play Shifu
Founders: Vivek Goyal, Dinesh Advani
Founded in: 2016
Financing status: Undisclosed amount for pre-Series A round in 2017
AR edtech startup Play Shifu last Thursday raised undisclosed funding for pre-Series A to expand globally, develop its technology, and strengthen its design team.
SaaS platform Nopaperforms raises USD 872K
Nopaperforms
Founder: Naveen Goyal
Founded in: 2008 (incorporated in February 2017)
Financing status: USD 872,000 for undisclosed round in 2017
SaaS platform Nopaperforms last Thursday raised USD 872,000.
B2B travel management startup Itilite raises undisclosed funding
Itilite
Founders: Mayank Kukreja, Anish Khadiya
Founded in: 2017
Financing status: Undisclosed amount for undisclosed round in 2017
B2B travel management startup Itilite last Thursday raised undisclosed funding to strengthen its technology and expand its team.
(Top photo from 699pic.com)