Delhi-based self-drive car services company Revv has raised $9 million in its series A round of funding led by Edelweiss Private Equity. The round was divided across equity and debt, where it received debt financing from Mahindra & Mahindra Financial Services and car leasing partner LeasePlan India.The funding will be utililzed for expansion, development and launch of new products, and for building proprietary technology.
Chalk Farm Ventures Pvt Ltd, which runs consumer lending startup ZestMoney, has raised INR 44 crore in a Series A round of funding led by Naspers-owned online payments firm PayU. The startup provides online shoppers the facility to open accounts instantly with banks providing loans.
Bengaluru-based Vehico that develops Internet of Things (IoT) solutions for the automobile industry has raised an undisclosed amount of angel investment from Calcutta Angel Network and Appliyifi, an online platform for startup investments.The fresh capital raised will be utilized to strengthen its product, scale up the technology infrastructure and to expand the team.
Fashion based social media mobile application LookAtMe has raised an undisclosed amount in seed funding round from Eros Labs. The funding will be utilized for hiring, technology, and growth.
Delhi-based retailers networking platform Netree has raised undisclosed funding in Pre-Series A round led by Chennai Angels and LetsVenture. The funding will be utilized for technology enhancement, business development, and expansion.