India Funding Roundup: A Matchmaking Startup, a Marketplace for Used Vehicles, and More

It was a massive week in terms of funding activity for the Indian startup ecosystem, with many startups securing seed funding rounds. Apart from food delivery, education and healthcare startups, crowdfunding and hybrid vehicle technology startups saw funding rounds come their way.

​Healthtech startup JustDoc has secured an undisclosed sum in seed funding from TracxnLabs, as well as angels such as Mohandas Pai, Mohit Saxena, Co-Founder, InMobi, Raghunandan G, Co-Founder, TaxiForSure, Singapore Angel Network, and others. JustDoc enables patients to do video consultations with doctors via its website and mobile apps, and said that it has completed 2,500 consultations so far. The startup is targeting five specialisations currently – general medicine, psychology, gynaecology, dermatology and paediatrics. JustDoc also provides 24/7 access to over a 100 quality doctors from top hospitals, and is now in the process of partnering with several top government and private hospitals, the company said in an emailed statement.

Crowdfunding platform Bitgiving has raised an undisclosed amount of seed funding from angel investors Harminder Sahni, Krishna Mehra, and Sanjay Bakshi, among others. The New Delhi-based startup helps individuals and organisations raise funds for entrepreneurial, creative and social projects, and will use the funds to scale up the team, enhancing the product and marketing. Founder and CEO Ishita Anand said in an emailed statement that the company plans to launch BitGiving 2.0, which will redefine community-driven crowdfunding.

Bengaluru-based matchmaking startup Aisle has raised Rs. 1.25 crores in its pre-series A round from TermSheet and ah! Ventures. The round was led by Anand Vijay, a Bay Area-based angel investor and jointly advised and syndicated with ah! Ventures, with participation from Snapdeal Chief Product Officer Anand Chandrasekaran, as well as Mekin Maheshwari, Akshay Syal, Richard Kim, Jana Pokkalla, and Manish Gautam. Founded in 2014 by Able Joseph, the platform gets 500-800 registrations per day from over 50 countries activated, with over 25 percent of the registered base ‘connected’ on the platform, the company said in an emailed statement.

Jupiter Capital has invested $2 million (roughly Rs. 13 crores) in Altigreen Propulsion Labs, a niche startup providing technology-enabled solutions for electric and hybrid powertrains. Jupiter Capital is looking to invest in game-changing technology ventures focused on Make in India, Design in India, and Smart City, the company said in a statement. Altigreen is engaged in research, design and development of proprietary hybrid vehicle technology for the Indian market. Altigreen has four co-founders and is supported by a strong engineering team and an advisory panel of cross-domain industry experts.

Mumbai-based Truebil, an online marketplace for used vehicles, has reportedly raised $5.15 million (roughly Rs. 35 crores) in Series A funding from Kalaari Capital, Inventus Capital, Tekton Ventures, and existing investor Kae Capital. Founded in March 2015 by former employees, the startup plans to use the funds to expand operations into other metro cities.

FindUrClass, a search and discovery platform for class seekers, has reportedly raised a fresh round of funding from members of VentureNursery. Launched in March 2015, the startup reportedly lists over 20,000 classes in Mumbai, Pune and Bengaluru, and plans to expand to other metro cities.

Hyderabad-based food delivery startup, TinMen, has reportedly raised an undisclosed amount in an angel funding round from Lead Angel Network. Founded in August 2015, the startup reportedly delivers over 8,000 lunches to professionals every month, with a scheduler built into its app that’s available for Android and iOS.

DesignBids, a marketplace for interior design services, has reportedly raised its maiden round of funding from the Indian Angel Network. Currently operational in Delhi, Bengaluru, and Mumbai, the three-month-old startup will use the funds to expand into major metros and increase its headcount.

WiZN Systems
Bengaluru-based WiZN Systems, a maker of home automation solutions, has reportedly raised an undisclosed angel round led by Taiwan’s Foxconn and angel investors.


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