Our weekly column summarizes the tech financing highlights in India this week.
O2O leads in this week’s Indian tech market. O2O lifestyle brand startup Chumbak raised the largest amount of investment with USD 13 million. It was followed by offline VR gaming and entertainment center Smaaash which secures USD 3.8 million. Other O2O startups like motorbike taxi platform Rapido, fashion stylist platform StyleCracker, and student accommodation startup Stanza Living also raised funding this week.
O2O lifestyle brand startup Chumbak raises USD 13 M
Chumbak
Founders: Vivek Prabhakar, Shubhra Chadda
Founded in: 2009
Financing status: USD 13 million for undisclosed round in 2017
O2O lifestyle brand startup Chumbak on Tuesday raised USD 13 million to expand its geographical footprint and enlarge its product portfolio.
VR gaming & entertainment center Smaaash secures USD 3.8 M
Smaaash
Founder: Shripal Morakhia
Founded in: 2012
Financing status: USD 3.8 million for undisclosed round in 2017
VR gaming & entertainment center Smaaash on Monday secured USD 3.8 M to strengthen itself in domestic and international markets, as well as prepare its augmented reality technology for the booming online gaming market.
Motorbike taxi service platform Rapido lands USD 329,230
Rapido
Founders: Aravind Sanka, Rishikesh SR, Pavan Guntupalli
Founded in: 2015
Financing status: USD 329,230 for undisclosed round in 2017
Motorbike taxi service platform Rapido last Tuesday landed USD 329,230 to expand into other cities and build its team.
Fashion tech startup StyleCracker raises undisclosed amount for pre-Series A
StyleCracker
Founders: Dhimaan Shah, Archana Walavalkar
Founded in: 2013
Financing status: Undisclosed amount for undisclosed round in 2017
Fashion tech startup StyleCracker last Monday raised undisclosed amount for pre-Series A to scale up.
Student accommodation startup Stanza Living raises undisclosed funding
Stanza Living
Founders: Sandeep Dalmia, Anindya Dutta
Founded in: 2017
Financing status: Undisclosed amount for undisclosed round in 2017
Student accommodation startup Stanza Living on Tuesday raised undisclosed funding to expand its footprint, strengthen its core technology platform, and build up the team.
(Top photo from 699pic.com)
