Bizongo, an online B2B marketplace, has raised $3 million from existing investor Accel Partners as well as IDG Ventures in a Series-A round. The funding will be utilized to expand seller base and build tech capabilities and products.
Oil India Limited (OIL) has set up an OIL Start-Up fund of INR50 Crore to encourage new “out of the box” ideas related to the oil and gas sector, particularly in the Northeast. The government-run company also plans to create a dedicated website for its Start-Up initiative, inviting applications with project ideas, besides inviting through newspaper advertisements in the region with special attention given to ideas from students in technical institutions and universities.
Venture capital firm RedCliffe Capital has invested an undisclosed amount in a Seed round in Xanadu Heights (XH), a VR game studio based out of San Francisco. The funding will be utilized to build and launch the game’s first chapter later this year. The game is being developed ground up for virtual reality (VR), and will be initially available on HTC Vive headsets.
New Delhi-based Apeksha Gourmet Jar Pvt Ltd, which operates The Gourmet Jar, has raised an undisclosed amount in seed funding from Chandigarh Angels Network (CAN).The funding will be utilized to build team, scale operations and add global customers. It will also be used for marketing and brand building. Founded in 2012 The Gourmet Jar offers a range of premium artisanal jams, mustards, relishes, preserves and condiments that are handmade in small batches, using natural ingredients with no preservatives or additives.
Bangalore and Dallas based AsepsisLife Inc’s immunisation management platform vImmune has been selected for Facebook’s FbStart programme, which is designed to help early-stage mobile startups build and grow their apps. The startup has also raised an undisclosed amount in angel investment from a radiologist certified by The American Board of Radiology. The funding will be utilized to enable inorganic growth via social marketing. Launched in March this year the app offers free immunisation tracking for family members and provides services such as lifetime vaccination reminders and printing of immunisation summary directly from the app.