Early-stage technology fund Ideaspring Capital has made its first seed investment in Chennai-based tech startup Karomi, which offers packaging artwork management software product for pharma and FMCG companies. The funding will be utilized to expand into the US market.
Vadodara-based start-up Kreate Konnect raised an undisclosed amount of angel funding from Langoor, a Bengaluru based digital company. Langoor, is a full service digital-first agency, turns angel investor for the Vadodara based e-commerce management organization, Kreate Konnect. Kreate Konnect, is an end-to-end e-commerce management company that leverages technology to help sellers sell their products on the domestic and International marketplaces.
Jewellery e-commerce marketplace Johari Shop has raised $94,000 from three angel investors, including a diamond exporter and a high net-worth individual, to power its omni-channel efforts. The funding will be utilized to work on its omni-channel strategy that would start with the launch of its first brick-and-mortar store in Bangalore’s VR mall.
Ed-tech startup NeoStencil India Pvt Ltd has raised $1 million in a funding round led by media house Times Group’s ad-for-equity investment arm Brand Capital and California-based Paragon Trust. A one-stop destination for UPSC preparation, the company provides live as well as recorded classes, test series and study material from top civil services institutes and teachers in the country. The platform also features discussion forums and counseling facility for students.
Bengaluru-based cab-hailing firm Ola, run by ANI Technologies Pvt Ltd, has raised $330 million (INR 2,200 crore) in fresh funding led by existing investor SoftBank Group Corp. It is reported that the Japanese tech giant and two other existing investors participated in the round, but the cab aggregator’s valuation dropped 30% from $5 billion to $3.5 billion.