Our weekly column summarizes the tech financing highlights in India this week.
AI leads in this week’s Indian tech market. AI & crowdsourcing platform Playment raised the largest amount of investment with USD 1.6 million for pre-Series A funding round. It was followed by app-based food startup Biryani By Kilo which secured between USD 763,000 and USD 1.5 million. Other areas like motorbike rental platform ONN Bikes, Cloud infrastructure solution provider Nuvepro, and Online fiction storytelling platform Kahaniya also raised funding this week.
AI & crowdsourcing platform Playment lands USD 1.6 M for pre-Series A
Playment
Founders: Siddharth Mall, Akshay Lal, Ajinkya Malasane
Founded in: 2015
Financing status: USD 1.6 million as part of its pre-Series A round in 2017
AI & crowdsourcing platform Playment on Tuesday landed USD 1.6 M for pre-Series A to build its teams of engineering, products, and data science. It will also build an internal AI research lab and set up an office in the Bay Area.
App-based food tech startup Biryani By Kilo secures for pre-Series A round
Biryani By Kilo
Founders: Kaushik Roy, Vishal Jindal
Founded in: 2015
Financing status: Reportedly between USD 763,000 and USD 1.5 million in a pre-Series A round in 2017.
App-based food tech startup Biryani By Kilo, reportedly, secures between USD 763,000 and USD 1.5 million in a pre-Series A round to expand in India domestic market.
Motorbike rental startup ONN Bikes raises USD 692K in pre-Series A round
ONN Bikes
Founders: Namit Jain, Shanky Munoth
Founded in: 2015
Financing status: USD 692,000 for pre-Series A round in 2017
Motorbike rental startup ONN Bikes on Monday raised USD 692,000 in pre-Series A round to strengthen its technology, increase its fleet size, and pursue marketing expansion.
Cloud infrastructure solution provider Nuvepro raises USD 400K for seed round
Nuvepro
Founders: Giridhar LV, Janakiraman Srinivasan, Umesh Bhatt, Moyukh Goswami and Rajesh Vasudevan
Founded in: 2014
Financing status: USD 400,000 for seed round in 2017
Cloud infrastructure solution provider Nuvepro on Tuesday raised USD 400,000 for seed round for enhancing research and development as well as expansion.
Online fiction storytelling platform Kahaniya raises USD 200K for seed round
Kahaniya
Founders: Pallav Bajjuri, Devendar Gona, Jeswanth Padooru and Sandeep Ponagandla
Founded in: 2016
Financing status: USD 200,000 for seed round in 2017
Online fiction storytelling platform Kahaniya last Friday raised USD 200,000 for seed round to add more languages to its platform.
(Top photo from 699pic.com)
