The embattled Rocket Internet-backed Foodpanda, which last year saw allegations of internal fraud and misappropriation of funds being levelled against its top management, is learnt to be in the process of raising fresh capital. The company recently mandated Mumbai-based mid-market investment bank o3 Capital for a $40-60 million fund-raise as it initiates talks with investors.
CropIn Technology Solutions Pvt Ltd, a Bengaluru-based company that makes farm management software and apps, has raised $2 million from Denmark’s Sophia Investment ApS. The funding will be utilized to hire staff in the marketing, operations and technology segments. The company plans to develop its ‘SmartFarm’ application for real-time monitoring and management of farm operations.
Bengaluru-based online photography startup Canvera Digital Technologies Pvt Ltd has raised INR 20 crore ($3 million) led by existing investor Info Edge (India) Ltd. Founded in 2008 as a web-enabled photo-book company, Canvera entered associated e-commerce in March 2011. It provides solutions to professional photographers via its website Canvera.com. It prints photo books, provides design services and also offers hosted software solutions for photographers through a software-as-a-service model.
Education-technology company, iAugmentor Labs Pvt Ltd raised INR 1 crore in seed funding from Rajasthan Angel Investor Network and other undisclosed individual investors. The funding will be utilized to introduce new learning mediums such as games, animations, cartoons and videos.
TerraPay has acquired UK-based Pay2Global, a move that will help the Mahindra Comviva incubated company fast-track its entry into the European market. Pay2Global is a regulated digital international money transfer company with rights into the European Economic Area (EEA).