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QSR Chai Thela raises INR 1.5 crore from Quarizon

November 29, 2016

Chai Thela, a hybrid format of street food outlets and organised sector’s quick-service restaurant, has raised funding from micro-venture capital firm Quarizon in its pre-Series-A round. The startup focuses on providing hygienic tea and snacks by targetting the office and commercial area hubs and the major part of customers are office executives, corporate employees, shopkeepers and traders.

Read more - http://economictimes.indiatimes.com/articleshow/55678924.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

B2B e-commerce firm Wholesalebox raises pre-Series A funding

November 29, 2016

Wholesalebox, a Jaipur-based B2B wholesale e-commerce firm, has raised $2 million (INR 13 crore) in a pre-Series A round from a group of angel and institutional investors. Manish Maheshwari, CEO of Network 18 Digital and Contrarian Vriddhi Fund are among the investors that participated in this round. The funding will be utlized to scale technology and roll out operations in new market.

Read more - http://www.vccircle.com/news/technology/2016/11/28/b2b-e-commerce-firm-wholesalebox-raises-pre-series-funding

Former Goldman Sachs exec’s e-commerce startup Indofash raises funding

November 29, 2016

Bengaluru-based ethnic wear marketplace Indofash Ethnic Pvt Ltd has raised INR 1 crore ($146,000) in funding from two angel investors – Shekhar Sahu and Nitesh Pant, co-founders of telemedicine company HealthcareMagic.Indofash is an online platform for ethnic women’s wear, kids’ wear, home décor and jewellery. The company claims it gets 15,000 to 18,000 unique visitors every day and 80,000 page views on the website.

Read more - http://www.vccircle.com/news/technology/2016/11/28/former-goldman-sachs-exec-s-e-commerce-startup-indofash-gets-funding

Rewards app Kloseby raises seed funding

November 28, 2016

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.

Read more - http://www.vccircle.com/news/technology/2016/11/26/rewards-app-kloseby-raises-seed-funding

Device management platform Servify raise funding from Beenext, Blume Ventures and others

November 28, 2016

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.

Read more - http://www.vccircle.com/news/technology/2016/11/26/beenext-blume-ventures-others-back-device-management-platform-servify

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