Noida-based fintech company InMotion Media Ventures has received an undisclosed amount in Pre-Series A round of funding, led by online pharmacy 1mg’s founders Prashant Tandon and Gaurav Agarwal. The round is not yet closed and InMotion is looking to raise a total of $225K (INR 1.5 Cr) from other investors. The funding will be utilized for expansion of its network and operations to Tier II and Tier III cities in north India. It will also be used for product development.
Celes Care, a Hyderabad-based virtual health clinic for women, has received around $1 million in a seed round of funding from early-stage venture capital firm Endiya Partners and a few affluent individuals. The funding will be utilized for technology enhancement, marketing and brand building.
Private sector lender YES BANK has launched Yes: Head-STARTUP; a full service banking proposition for tech or tech-enabled Start-ups, complemented by a first-of-its-kind privilege program. The program will offer will offer Customized Current Account, Innovative Digital & Cash Management Solutions, Comprehensive Trade-Forex Advisory Services, Dedicated ‘Start-Up’ focused Branches, Personal Banking Products / Credit Cards, Loan Products (Business & Personal) and Useful Alliances / Event Partnerships / Mentorship & Guidance Programmes for startups.
Canvs, a community for artists and designers in India, has received an undisclosed amount of angel investment from Pratik Seal, former chief marketing officer at Housing. The funding will be utilized to expand its business and grow its community of designers.
A&A Dukaan Financial Services Pvt Ltd; which runs financial services marketplace BankBazaar has invested $1 Million Singapore dollars, (about INR 5 crore) in its wholly-owned subsidiary in Singapore that will operate BankBazaar sg portal. The funds will be utilized for scaling technology and team expansion.