Rewards app Kloseby has raised $100,000 (around INR 68 lakh) in seed investment from an undisclosed investor. The funding will be utilized to build technology and hardware, and expand the tech team. The firm also plans to invest in user acquisition for mobile app on the business to consumer (B2C) side and merchant and client acquisition on the business to business (B2B) side.


Servify, a platform that works as a personal assistant to electronic gadgets and appliances, has raised an undisclosed amount in its pre-Series A round of funding from Beenext, and existing investors Blume Ventures and two German firms— Barkawi Holdings GmbH and TM Service Technology Holdings GmbH. Founded in 2015 Servify, run by Mumbai-based Service Lee Technologies Pvt Ltd, has a mobile app that works as a personal assistant for consumers who can list their electronic gadgets and household on it, store the bills and access authentic brand-authorised service during in-warranty and out-of-warranty periods.



Chennai-based school financing company Shiksha Financial Services India Pvt Ltd has raised $1 million from The Michael & Susan Dell Foundation along with  Aspada Investment Company. The funding will be utilized to strengthen technology backbone, launch more products and expand into newer markets. This investment will enable the organisation to provide loans to 2,300 schools over the next three years.


Kolkata-based insurance broking firm Ideal Insurance is all set to launch an online insurance platform christened 121Policy that will primarily focus on health insurance. The company has raised an undisclosed amount from former Just Dial chief technology officer Sandipan Chattopadhyay’s technology incubator Xelpmoc.121 Policy will primarily focus health insurance. It will specialise on family health insurance, maternity cover, senior citizen health coverage, diabetic cover, corporate health insurance, overseas health insurance, and health quotes.