Mumbai-based White Shadow Technology Pvt Ltd that operates online business-to-business (B2B) marketplace Bharat Bazaar has raised an undisclosed amount in seed funding from a clutch of investors. Founded in July 2015, Bharat Bazaar is a mobile app connecting buyers and sellers in the wholesale fruits and vegetables supply chain.
Capillary Technologies which develops omni-channel CRM platform for retail brands has acquired ecommerce services and technology company Sellerworx for an undisclosed amount.
Chennai-based speech recognition startup Uniphore Software Systems has raised $2 million in a bridge round led by IDG Ventures with participation of existing investors, including Indian Angel Network (IAN) and YourNest Angel Fund. The company has worked with over 70 enterprise customers and served over 4 million users. It has offices in India, Philippines and the UAE.
Coraza Technologies Pvt Ltd, which runs Helpchat and OneDirect, has secured a Series C round of funding led by American Express Ventures, the venture investment arm of American Express Co, and existing investor Sequoia Capital. Founded in 2010 Helpchat in its new avatar is an artificial intelligence based platform, while OneDirect is a customer experience management platform that helps brands manage their customer experience across all online channels including mobile.
State-run Oil India Ltd has announced an INR 50 crore OIL start-up fund to foster, nurture and incubate new ideas related to oil and gas sector. OIL Start-up fund shall focus on promoting entrepreneurship amongst youth, especially of the North East India, by enabling the growth of startups for addressing various technical challenges and operational risks of the oil and gas industry and encouraging innovative thinking amongst the present and future generations.