Awfis Space Solutions, a start-up that provides shared workspaces, has raised $20 million from Sequoia Capital India to fund its expansion plans. Awfis, which operates 21 workplaces across the National Capital Region (NCR), Bengaluru, Mumbai, Hyderabad, Pune and Kolkata, will use the funds to expand to more than 100 centres in two years.
The Indian Angel Network is looking to take its angel investment philosophy to the next level by launching its maiden fund with a corpus of INR 350 crore. The Sebi-registered Category 1 Alternate Investment Fund has a green shoe option of an additional INR 100 crore and has marked the first close of the fund with INR 175 crore in its kitty.
Customer data analytics startup Flytxt has secured $11 million ( INR 70 crore) in a Series A funding round led by German investment firm DAH Beteiliguns. The funding will be utilized for research and development, to grow beyond the telecom sector and enter segments like BFSI and retail.
Myra, a medicine delivery firm, has raised an undisclosed Series A funding co-led by Matrix Partners and Times Internet, with participation from a few angels. The funding will be utilized to expand operations to newer markets and to deepen technology and analytics expertise.
Gurgaon-based Top Technologies Pvt Ltd, which runs coworking platform The Office Pass, has raised $245,000 in seed investment from a group of individual investors led by Arun Tadanki, former managing director of Yahoo Southeast Asia and India. The funding will be utilized to enhance its platform and hire technology and product talent.