Bangalore-based Rubtub Solutions Pvt. Ltd, which runs an online venture aggregating budget hotels under a single brand Treebo Hotels, has raised Rs 112 crore ($16 million) in its Series B round of funding led by Bertelsmann India Investments (BII), the strategic investment vehicle of the international media company Bertelsmann. The funding will be utilized for strengthening marketing outreach and technology.
Bangalore-based SimplyMoveIn Technologies Pvt. Ltd, which operates online marketplace for curated rental properties SimplyMoveIn, has raised an undisclosed amount in angel funding from Hong Kong- based investment firm Swastika Company Ltd. The funding will be utilized for hiring across verticals,marketing, augmenting the technology backbone and geographical expansion.
Wiwigo.com, an inter-city taxi service provider, has raised Rs 4 crore funding from Indian Angel Network (IAN). The site is an online platform for intercity travel by cab -addressing the expensive the one-way trip problem. The funding will be utilized to expand operations to over 100+ cities by the end of current year.
Logistics startup Truckola has raised Rs 4 crore in an angel funding round, which was led by Abhishek Agarwal of Fortune Interfinance (FIFL), on deal making platform LetsVenture. The funding will be utilized for scaling up technology and strengthening the service delivery capability.
Bangalore-based Quarto India Internet Pvt. Ltd that operates curated online marketplace for used books AbeRuk has raised an undisclosed amount in angel funding from Hong Kong-based Swastika Company Pvt Ltd. The funding will be utilized for scaling up operations, expanding seller base and augmenting the technology backbone