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Inter-city taxi service provider Wiwigo raises funding from IAN

July 21, 2016

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.

Read more - http://economictimes.indiatimes.com/articleshow/53318744.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Logistics firm Truckola raises INR 4 crore in angel funding via LetsVenture

July 21, 2016

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.

Read more - http://economictimes.indiatimes.com/articleshow/53298552.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Online marketplace for used books AbeRuk raises angel funding

July 21, 2016

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

Read more - http://www.vccircle.com/news/technology/2016/07/20/exclusive-online-marketplace-used-books-aberuk-gets-angel-funding

Inter-city cab rental platform MyTaxiIndia raises $1 Million from Japanese investor

July 21, 2016

Inter-city cab rental platform MyTaxiIndia Pvt. Ltd has raised $1 million (around Rs 6.65 crore) in a bridge round of funding from existing investor Nihon Kotsu Co, a leading taxi rental company in Japan. The funding will be utilized for expanding services to tier 2 and 3 cities along with technology development, marketing and branding.

Read more - http://www.vccircle.com/news/technology/2016/07/20/exclusive-inter-city-cab-rental-platform-mytaxiindia-raises-1mn-japanese

Drums Food raises $ 6.6 Million from Verlinvest, DSG Consumer

July 21, 2016

Verlinvest, the Belgium-based investment holding company created by the founding families of Anheuser-Busch InBev, and DSG Consumer Partners, have led a Rs 44.5 crore round of funding in yogurt and ice cream maker Drums Food International. Mumbai-based Drums Food manufactures the Epigamia brand of Greek yogurt and the Hokey Pokey brand of premium ice cream. The funding will be utilized for acquiring talent, investing in supply chain and increasing production capacity.

Read more - http://economictimes.indiatimes.com/articleshow/53312142.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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