Hospitality management services startup Hostmaker has raised Series A funding led by Paris-based venture capital fund Ventech and existing investor DN Capital. The round also saw the participation of DSG Consumer Partners. The funding will be utlized to strengthen Hostmaker’s operations in existing market along with develop its proprietary pricing algorithm and in-house yield experts.
Inter-city cab rental platform MyTaxiIndia Pvt Ltd has raised an undisclosed amount from a Dubai, UAE-based investor to expand its operations. MyTaxiIndia, which is currently present in 200 cities, is looking to roll out its offerings in the North-East, as well as in tier I and tier II cities in Bihar, Uttar Pradesh, Madhya Pradesh and Chhattisgarh.
Delhi-based VDSS Agri Tech Pvt Ltd, which owns and operates agri-tech startup Paalak, has raised an undisclosed amount in seed funding from a clutch of angel investors as it looks to expand and strengthen its IT infrastructure. The funding will be utilized to develop a new consumer web platform and an Android app, apart from expanding its team and adding more collection centres across villages.
Gurgaon based RedCarpet, a student microlending startup that provides loans without credit card and bank account details, has funding in a round led by Lightspeed Venture Partners. The funding will be utilized to improve the technology behind risk evaluation, introduce new student-lending features, hire data scientists and deepen market penetration.
iGenetic Diagnostics has secured financing from the UK’s CDC Group and Manipal Education and Medical Group (MEMG) that it will use to buy nearly a handful of companies this year. iGenetics offers affordable molecular diagnostics services in areas of critical care, oncology, gynaecology and infertility.