Bangalore-based Edunetwork Pvt Ltd, which operates home appliances and furniture rental marketplace RentoMojo, has raised about Rs 33.5 crore ($5 million) from existing investors including Accel Partners and IDG Ventures India. The startup claims to have about 4,500 subscribers on its platform and is targeting 1-1.5 lakh subscribers in the next 18 months.
Early-stage investor Unitus Seed Fund has invested an undisclosed amount in Bangalore based e-tailoring service provider Urban Tailor. B.S. Nagesh, former MD of Shoppers Stop, also participated in the round. The platform plans to expand to three more cities by the end of this year.
Gurgaon based Food-ordering startup Twigly has raised $600K from Bengaluru-based Tracxn Labs, Hyderabad Angels, Freecharge founder Kunal Shah and Flipkart vice-president (engineering) Gaurav Bhalotia, among others. The funding will be utilized to expand into new cities and build a food brand that will be made available in supermarkets and online platforms.
Bengaluru-based Mohalla Tech Pvt. Ltd, which operates the vernacular language content app ShareChat, has raised $1.35 million in a seed round of funding from SAIF Partners and existing investor India Quotient. The funding will be utilized to ramp up tech and reach out to more people across India with a variety of content formats.
A group of high profile investors including former Standard Chartered ace banker Jaspal Bindra and Parth Jindal, son of JSW Group chairman Sajjan Jindal, have invested in HEAL Institute, a sports-focused healthcare startup. The funding will be utilized for expansion across major metros.