Digital payments and financial services company instantPay has raised funding in the range of $3-5 million (INR 20-34 crore) from Singapore-based investors RB Investments and Kaleden Holdings.The funding, which is part of a preseries A round, will be utilized for the development of new products and geographical expansion across the country. A part of the funding will be used to build the brand and for marketing.
LetsMD, a fintech startup in the health space, has completed its angel round of investment with the participation of WaterBridge Ventures. Calcutta Angels Network (CAN), LetsVentures, Anupam Mittal, founder and chief executive of People Group, and Currae Healthtech Fund were the other investors who had participated in this round last month. The funding will be utlized to develop technology, build the team, and for marketing.
Liquid Hub, a customer engagement company, has acquired Gurgaon-based global data management and analytics solutions firm Annik Technology Services Pvt Ltd for an undisclosed amount. The transaction will be consummated in two tranches. The acquisition will help Liquid Hub to expand its geographical reach in high-tech markets as Annik has already a presence in India, Poland, China and the United States.
CoCreate Ventures, a new investment firm focused on startups which are struggling, has raised a INR 15-crore fund from high networth individuals. The firm, cofounded by TeliBrahma founder Suresh Narasimha and former partner at Ojas Ventures Pavan Krishnamurthy has made its first investment in library chain JustBooks to help the eight-year-old company revamp its digital presence.
Fitness app HealthifyMe has raised $1 million from Dubai-based investor Neelesh Bhatnagar. Founded in 2012 HealthifyMe claims to be the first app to introduce calorie tracking of Indian dishes. The company delivers measurable results on eating habits, fitness, and weight.