Our modern day funding roundup compiles investments in Indian startups engaged in digital payments,style discovery, railway records aggregation, tax submitting, grocery and pharmaceutical transport.
ClearTax
Delhi-based totally profits tax returns e-submitting internet site ClearTax, introduced Tuesday that it has raised a seed spherical of $1.three million (kind of Rs. eight.6 crore) from PayPal Co-Founder Max Levchin, Scott and Cyan Banister, WhatsApp’s business Head Neeraj Arora, AngelList Founder and CEO Naval Ravikant, Dropbox vice chairman Ruchi Sanghvi, Y Combinator alumni Sumon Sadhu, and Flexport’s Founder and CEO Ryan Petersen. The Y-combinator incubated startup become based in 2011 by means ofArchit Gupta alongside along with his father Raja Ram Gupta, Srivatsan Chari and Ankit Solanki, and has been used by one million customers for the evaluation yr 2015-16.
RailYatri
Noida-primarily based rail travel statistics provider RailYatri has raised an undisclosed quantity ofinvestment from Nandan Nilekani, Co-Founder Infosys and former Chairman of UIDAI. The website claims to have served over 20 million users, and may be used to e-book offerings like onboard food, taxi and bus tickets, and price range rooms.
TranServ
Mumbai-primarily based TranServ, a virtual bills enterprise has secured an funding of $15 million (roughly Rs. 9.ninety six crores) in its collection C investment spherical, led with the aid of IDFC SPICE Fund, Micromax Informatics, and current investors Nirvana and Faering Capital India Evolving Fund. Thebusiness enterprise plans to use the budget to invest in new product strains like micro credit score, and plans to grow at among 300 to 500 percentage according to annum this fiscal yr.
Milkbasket
Milkbasket, a subscription based totally transport offerings for day by day needs has bagged $500,000 (more or less Rs. three.three crores) in pre-collection A investment led via EVC Ventures, and differentangel investors. The startup affords a selection of two,500 products on a subscription model, and iscurrently operational in Gurgaon on a prepaid version.
CareOnGo
medicinal drug buying platform CareOnGo has raised an undisclosed amount in Pre series A spherical offunding led with the aid of Farooq Oomerbhoy of FAO Ventures and a consortium of buyers, which includes Anupam Mittal and Anand Mittal of humans organization, Ravi Garikipati, Head of Flipkart’sadvertisements business, Vibhu Garg, Co-founder of Unicommerce, Singapore Angel network and Konglo Ventures amongst others.The startup had secured a seed round in Feburary 2016, and reportedly plans toenlarge its network co-branded shops in India’s metros and eleven different cities.
Roposo
Gurgaon-based Roposo, a style discovery platform, has reportedly raised $five million (roughly Rs. 33.2 crores) from Bertelsmann India Investments in its collection B round. founded in 2014, the startup claims to have indexed six million products and two million downloads on its apps, to be had on Android and iOS.
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Tags: Android, Apps, CareOnGo, ClearTax, India, internet, iOS, Milkbasket, RailYatri, Roposo, TranServ
