Delhi-based artificial intelligence start-up Octoai has raised $200,000 from early stage investor Outbox Ventures, Rahul Khanna, managing partner of venture debt fund Trifecta Capital and Jaspreet Bindra, head of e-commerce at Mahindra & Mahindra. The funding will be utilized to enhance technology.
Gurgaon based Applop Mobile Solutions Pvt. Ltd, a software-as-a-service provider that enables users to make their own mobile app, has raised a bridge round of funding from existing investor Green House Ventures Accelerator. The startup has received nearly $250,000 (Rs 1.6 crore) so far and is seeking to close this round at $500,000,.
Bengaluru-based chat-commerce platform LookUp got acquired by NowFloats, which creates websites on the fly for small and medium-sized enterprises (SMEs). LookUp is a chat-based commerce platform, essentially enabling users to discover and reach out to merchants in their vicinity. NowFloats, on the other hand, marries location and mobile to help local businesses create and manage their SEO-powered websites via SMS.
Seed-stage venture capital fund SRI Capital launched by serial entrepreneur Sashi Reddi, has invested $1.3 million in two SaaS startups – Yellowdig in Pune and Zuppler in Delhi. The funding will be utilized by the startups to scale up and roll out their products in global markets.
Pune-based enterprise workflow collaboration (EWC) firm WorkApps has raised $1 million from seed stage investment firm SRI Capital. The WorkApps product will be rolled out in the US, Europe and Asia-Pacific later this year.