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Fintech firm Loan Frame raises $2.25 Million in seed funding led by Vedanta Capital

January 11, 2017

Gurgaon-based fintech startup Loan Frame Technologies Pte Ltd has raised seed funding led by Parag Saxena of Vedanta Capital. Loan Frame provides a range of products to small and medium-sized businesses (SMBs), including secured and unsecured loans worth Rs 5 lakh-50 crore.

Read more - http://www.vccircle.com/news/technology/2017/01/10/exclusive-vedanta-capital-co-founder-leads-seed-round-fintech-firm-loan

Medinfi Healthcare raises $100K more from angel investors

January 11, 2017

Bengaluru-based Medinfi Healthcare Pvt Ltd, a platform for searching doctors and hospitals through web and mobile app, has raised $100,000 ( INR 68 lakh) in its sixth round of angel funding. The funding will be utilized to expand the user base to 50 cities in India.

Read more - http://www.vccircle.com/news/technology/2017/01/10/exclusive-medinfi-healthcare-gets-100k-more-angel-investors

InstaOffice raises funding from investors led by Globevestor

January 10, 2017

InstaOffice, a start-up that offers managed office space on a sharing basis, has raised an undisclosed pre-Series A round led by Globevestor, a California, US-based venture capital firm. The funding will be utilized to take over more properties, expand the workforce and conduct customer-centric events.

Read more - http://www.livemint.com/Companies/QijTapwR0rNRUzkdUNtrAM/InstaOffice-raises-funds-from-investors-led-by-Globevestor.html

E-security start-up Securens gets funding from Mayfield, Trifecta

January 10, 2017

Electronic surveillance technology firm Securens Systems Pvt Ltd has raised a little over $5 million (INR 35 crore) from existing venture capital investor Mayfield India and venture debt provider Trifecta Capital.Founded in 2011, the company provides technology-based security solutions. Its chief e-surveillance product, ActiDETER, prevents crimes through use of video verification and two-way audio.

Read more - http://www.livemint.com/Companies/NF3C0dfXP3pK3W49Mtp1EM/Esecurity-startup-Securens-gets-funding-from-Mayfield-Tri.html

Fashion marketplace Coutloot acquires competitor Once Again Store

January 10, 2017

Coutloot (MJVS Fashion Services Pvt Ltd), an online platform that sells pre-owned fashion, has acquired Bangalore-based competitor Once Again Store (Stororo Services Pvt Ltd) for an undisclosed amount in an all-stock deal. Founded in 2015 Coutloot either collects the product from the seller after an order is placed, charging the seller a 20% commission on the value of the product, or picks up a product from the seller, stores it at a fulfilment centre and ships it out to a buyer once a sale is confirmed, charging the seller 25-30% of the price of the product as commission.

Read more - http://www.livemint.com/Companies/yDd29Y7ONx5DvnxAi993qO/Fashion-marketplace-Coutloot-buys-Once-Again-Store.html

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