Kstart, a start-up accelerator initiative of venture capital firm Kalaari Capital, has invested $100,000 in health-tech company Advenio Technosys Pvt Ltd and $500,000 in rental marketplace GuaRented Rentals Pvt Ltd. Advenio aims to enable improve healthcare outcomes through early detection and management of diseases,while GuaRented is a crowdsourcing marketplace to rent consumer durable products.
Online wedding platform Shaadisaga has raised an undisclosed amount in its pre-series A investment round from Anupam Mittal, Freecharge founders Kunal Shah and Sandeep Tandon, and Dheeraj Jain, partner at UK-based hedge fund Redcliffe Capital. The funding will be utilized for technology enhancement and expanding partner base.
FirstCry, the baby and maternity products e-commerce platform, is in talks with investors for a new round of funding that could see the company raise as much as $75 million. FirstCry stocks maternity wear, nursery accessories, diapers, clothes for kids till the age of nine, toys, school gear, prams, strollers and car seats, among other products. It claims to have more than 200,000 baby and kids products from 2,000-plus international and Indian brands.
Sorting Hat Technologies Pvt Ltd, which runs educational-technology platform Unacademy, has raised $1 million from a clutch of investors including Flipkart co-founders Sachin Bansal and Binny Bansal and Paytm founder Vijay Shekhar Sharma. The funding will be utilized to develop apps and products and hire employees.
Bangalore-based scrap collection and recycling startup EnCashea has raised an undisclosed amount in seed funding from FreeCharge co-founders Kunal Shah and Sandeep Tandon, Tracxn Labs and a group of unnamed investors. The company is now in advanced talks to acquire its city-based rival RaddiMan.