Mumbai based technology startup Market Mojo has raised Rs 2 crore in funding from a high net worth individual which put the valuation of the company at around $10 million. The company has developed its own algorithm which tracks all the 4000 companies which is not done presently by any of the broking houses thereby allowing these companies to expand their research horizon.
Silicon Valley-based cloud backup and data protection firm Druva Inc has raised $51 million (Rs 340 crore) in a new round of funding led by existing investor Sequoia Capital India. The funding will be utilized to accelerate both product innovation and adoption, while enhancing product capabilities across Druva’s secure cloud platform. In addition, the capital will be used to further drive sales and marketing, and continue the company’s global expansion.
Hong Kong-based online outstation taxi marketplace InstaCar has received $1 million in seed round of funding from Hong kong-based Swastika Company Pvt Ltd. The funding will be utilized to scaling up operations, marketing, and brand building.
Promon, a local commerce platform, has received $180,000 in a bridge round of funding from Delhi-based investment firm Now Capital. The startup is a deals-based consumer engagement platform for retailers to get customers. To avail deals the customer has to promote the seller via personalised digital advertisements on social networking sites.
Men’s grooming brand Beardo has raised $500,000 in seed funding from Mumbai-based Venture Catalysts and other investors. The funding will be utilized to expand reach offline and upgrade logistics and infrastructure network.