Ummeed Housing Finance Pvt Ltd has raised Series B funding of INR 36 crore from existing investors Lok Capital Growth Fund and Duane Park. The fresh round of investment will help the company expand in new locations in northern and central India. It will also invest in social, mobile, analytics and cloud technologies and aims to grow its AUM six times to INR 120 crore by March 2018.
Zipgrid, a startup that provides technology and knowledge services to housing and commercial communities, has raised $500,000 in a pre-Series A round of funding from property consultancy firm Jones Lang LaSalle (JLL) and existing investor 1Crowd, a crowdfunding platform. The funding will be utilized to upgrade technology infrastructure and operations.
Travel e-commerce platform Travelspice has raised an undisclosed amount in seed funding from Bangalore-based early-stage investor Eagle10 Ventures. The funding will be utilized for marketing and product development.
RealPro Realty Solutions Pvt Ltd, an Indian arm of luxury real estate advisory services provider Sotheby’s International Realty, has raised $7 million from Brand Capital and some undisclosed high-net-worth individuals (HNIs). Post this capital infusion, the company aims to open more offices, expand its team size and set up more India Desks in US, Singapore and Canada in order to achieve its long term business goals
Logistics venture Delhivery has received $30 million (about INR 200 crore) in funding from Chinese conglomerate Fosun International as part of a larger equity financing round that also saw the participation from bulge bracket buyout specialist The Carlyle Group. The funding values the six-year-old company at about $650 million.