Tech Financing in India this week – O2O takes the lead

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.

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Photo from Smaaash website

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.

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Photo from Rapido Twitter

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.

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Photo from StyleCracker Twitter

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.

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Photo from Stanza Living website

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.

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(Top photo from 699pic.com)

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