India Funding Roundup: A Social Networking Startup, Loans Marketplace, and More

Our latest funding roundup compiles seed investments in Indian startups engaged in healthcare, retail, social networking, budget salon aggregators, and loan marketplaces.

Bengaluru-based social networking startup Affimity announced Wednesday that it has secured $1.2 million (roughly Rs. 8.1 crores) in angel funding from Silicon Valley angel investors and founders. Founded in 2014 by Venkata Ramana, Amar Singh, and Parveen Mittal, the startup currently has over 35 channels on its platform, which can be accessed on the Web browser and through its mobile apps for Android and iOS.

Indore-based Shopkirana, a B2B marketplace for retailers and suppliers, has reportedly raised an undisclosed amount of funding from Atul Jain, Anil Gelra, and other angel investors. Founded in February 2015, the startup claims to have over 3,000 retailers in Indore.

Capzest, a Mumbai-based startup which provides a marketplace for unsecured personal and business loansm has raised reportedly raised $200,000 (roughly Rs. 1.3 crores) in its seed round of funding from Lion Ventures, and other high net worth individuals.

GlamStudios, which operates a chain of branded budget salons, has reportedly secured an undisclosed amount in seed funding from former Rategain COO Aqeel Ahmed. Conceptualised in October 2015, the startup reportedly has a network of 10 salons in the NCR region, according to its founder and CEO Sadiya Naseem.

Staffing solutions firm JoulestoWatts has reportedly raised an undisclosed amount of funding from Manipal Global Education Services (MaGE) and Saha Fund. Founded by Priti Sawant, the Bengaluru-based startup has reportedly developed automated recruitment workflows and analytics-based search engine profile matching as a part of its offering.

Pune-based Anandakanda, which provides a medication management system that reminds its users when to take pills, has reportedly raised around $150,000 (roughly Rs. 1 crore) from US-based angel investors. The startup reportedly operates in India and Sri Lanka, and plans to enter the healthcare analytics space in the future.

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