Indore-based fitness discovery platform, Froyofit has raised an undisclosed amount in Pre-Series A round of funding led by Dr Pooja Gandhi, an Indian actress and producer. The funding will be utilized to expand to other Tier II markets and acquire more users.
Social networking app Sharechat, which helps the local, vernacular crowd to chat and share posts in their regional languages, has raised $4 million. Funds from the latest round, led by Lightspeed India Partners and existing investors SAIF Partners and India Quotient, will be utilized to extend the app’s reach to smaller cities for people to communicate in Bengali, Tamil, Oriya, Bhojpuri, among other languages. A portion of this Series-A funding will also be used to recruit developers.
Cloud telephony firm Knowlarity Communications Pvt Ltd has raised INR 133 crore in a Series C funding round from Dubai-based private equity firm Delta Partners Capital and other investors. The funding will be utilized to expand into international markets, make acquisitions and invest in advanced technology products for its customers.
Bangalore-based startup , BetterPlace Safety Solutions Pvt Ltd that uses data analytics to offer background verification services, has received an undisclosed amount of investment from Venture Highway through VH Capital. Started in 2015 the startup provides personal, employment, educational, criminal and training verification services.
India’s second-largest IT services company Infosys Ltd will invest in the maiden fund of home grown early-stage venture capital firm Stellaris Venture Partners.Infosys will invest Rs 31.6 crore ($4.62 million) for a minority holding of up to a fifth of overall corpus being raised under Stellaris Venture Partners India I. This money will help Stellaris to make first close of its debut fund.