A advertising Automation Platform, bike Taxi Operator

India Funding Roundup: A Marketing Automation Platform, Bike Taxi Operator, and More

Our ultra-modern investment roundup compiles investments in Indian startups engaged in offline fashiondiscovery, marketing automation, health club aggregation, bike taxis, remedy shipping, in addition to on line getting to know and certification platforms.

Noida-based Betaout, which gives a SaaS-primarily based B2C advertising automation platform for e-tradegroups, has raised $1.5 million (kind of Rs. 9.nine crores) in its pre-series A spherical of funding. Beenext, Stanford Angels, Letsventure, Chennai Angels, Hyderabad Angels, Mumbai Angels. and fit institution CEO, Sam Yagan, who had participated in Betaout’s seed round via Corazon Capital, also participated in thisround. The startup plans to apply this round on consumer acquisition growth to different Asian markets,collect skills and broaden its cell presenting, and add device learning and conversationcommercefunctions to its platform. founded in October 2014, Betaout permits B2C and e-trade companies reachcustomers with customized advertising and marketing on electronic mail, SMS, app, and internetstructures.

Gurgaon-primarily based Fashalot, which offers cell apps on Android and iOS for offline discovery andoffers on stores retailing apparel, footwear, and accessories has raised an undisclosed sum in a pre-collection A round of investment led via YourNest Angel Fund and Rajul Garg. currently operational in Delhi-NCR and Bengaluru, Fashalot says its apps have visible over 60,000 downloads and is registering 30percent repeat transactions. The funds could be invested in expanding its operations, productdevelopment, acquire expertise and accelerating its commercial enterprise increase, the organizationstated in an emailed statement.

motorcycle taxi operator Rapido has raised an undisclosed sum in a pre-series A round of funding led byPawan Munjal, Chairman, MD and CEO of Hero MotoCorp; AdvantEdge companions, Astarc Ventures, Tesellate Ventures, Anupam Mittal, Founder and CEO of humans organization, Harish Bahl, founding father of Smile organization; Ankit Nagori, Ex-CBO of Flipkart, Rajan Anandan, MD Google India and South East Asia, and serial entrepreneur Kunal Khattar. In an emailed announcement, Aravind Sanka, Co-Founder Rapido said that the investment could be used for enlargement into different cities and constructing up the team. founded in 2015, the startup presently has a fleet of over 400 bikes throughout Bengaluru, Gurgaon, and Delhi, and plans to touch 1,000 over the following months.

Bengaluru-based health club aggregator OyoFit has reportedly raised an undisclosed quantity of angelfunding from RN Agarwal, managing Director, WeP Peripherals. based via Shivank Agarwal and Ruchir Garg in September 2015, OyoFit reportedly offers users to get right of entry to over one hundred fiftypartnered health golf equipment with a unmarried monthly club.

Prescription remedy marketplace 1mg has raised Rs.one hundred crores in a series B funding sphericalfrom Maverick Capital Ventures, and present traders Sequoia Capital and Omidyar network. 1mg’smedicinal drug ordering carrier enables customers locate and order less expensive widespreadoptions, read up on drug treatments and their side consequences. The business enterprise has reportedly visible a sales growth of eight instances within the remaining one year.

(also read: Order Prescription drugs on-line in India With these Apps)

EdTech startup Simplilearn has reportedly raised an undisclosed amount of funding from The instancesorganization‘s emblem Capital. based in 2009, the expert certification platform has reportedly skilled overfour hundred,000 human beings on the grounds that its inception and is education approximately20,000 new customers every month.

(also study: 7 Indian EdTech Startups You should recognise about)

Bengaluru-primarily based EdTech startup Oliveboard has reportedly raised an undisclosed quantity ofinvestment from India educational investment Fund (IEIF), an early level fund with the aid of Michael and Susan Dell basis. founded in 2012, the startup offers an adaptive getting to know and check guidanceplatform for MBA, banking and government exams.

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Tags: 1mg, Apps, Betaout, Fashalot, funding, India, net, investment, Oliveboard, OyoFit, Rapido, Simplilearn, Startups