![Funding Galore: Startup Fundings Of The Week [12 December – 17 December]](http://briofinancial.com/wp-content/uploads/2016/12/funding-galore-startup-fundings-of-the-week-12-december-17-december.jpg)
Online food ordering marketplace Foodpanda is being acquired by Berlin-based online food takeaway service Delivery Hero, one of Europe’s biggest startups. Delivery Hero and Foodpanda are both backed by German ecommerce firm Rocket Internet, which has invested 800 Mn Euros in Delivery Hero last year and put 300 Mn Euros in Foodpanda which focusses on deliveries in Eastern Europe, Middle East, and Asia.
This week 23 startups raised over $88 Mn in funding altogether. (Funding amount is based on the startups that disclosed their funding amounts.)
Startup Fundings Of The Week
Serv’d: Pune-based startup Serv’d received a $100K grant from Digital Financial Service (DFS) Lab. The company had been selected from among 700 applicants worldwide, at a recently concluded boot camp in Tanzania. The venture plans to use the funds towards developing tech for new roles as well as driving activation for the existing product.
TradingBells: Indore-based discount broking company TradingBells raised $296.3K (INR 2 Cr) in a Seed funding round led by Mumbai-based stock broker Swastika Investmart Ltd. The startup plans to utilise the funds in hiring talent, expanding office infrastructure, technology up gradation, and customer acquisition. Also, it will help the company to reach 100,000 customers and INR 45 Cr revenue within the next 3 years.
ten3T: Bengaluru-based medical grade wearable device startup, ten3T raised an angel round of funding from pi Ventures. The round also saw participation by a group of angels, including V. Krishna Prasad, co-Founder of Qikwel, Bhupen Shah and other angels from Silicon Valley and Bengaluru. The funds will be deployed to beta test Cicer in multiple healthcare settings, including doctors in private practice, nursing homes and for at-home monitoring.
MoEngage: Bengaluru-based user analytics and engagement platform, MoEngage raised an undisclosed amount of investment from Anand Chandrasekaran, the Head of Platform & Product Partnerships for Messenger at Facebook. With this move, Anand will join the platform’s advisory panel.
Fitpass: Delhi-based Fitpass, the all-access pass to gyms and fitness studios raised $1 Mn in seed funding led by Mumbai Angels and a consortium of Delhi- and Bengaluru-based angels. The raised funds will be used to expand services to Mumbai, Bengaluru and other Tier II and Tier III cities. Also, the funds will be used for talent acquisition and to introduce personalised fitness management tools.
OfBusiness: B2B commerce company OfBusiness raised $11 Mn (INR 75 Cr) in a round led by will then. Existing investor Matrix Partners also participated in the round. Going forward, the company plans to set up a non-banking finance company (NBFC) subsidiary that will map customer data, specific products for SMEs and also lend to them.
Qacco: Gurugram-based traveltech startup Qacco raised $150K in an angel funding round led by Lead Angels Network (LAN). LAN is an alumni-focussed pan India angel network. Anbu Pandian, Prabhakar MR and other investors from LetsVenture also participated in the round. The raised funds will be used to develop Qacco’s technology and team along with B2B focussed marketing campaigns.
FitMeIn: Fitness startup FitMeIn received an undisclosed amount of Pre-Series A funding from Japanese digital healthcare company, FiNC and follow-on funding from current investors, GHV. With this, FitMeIn has also signed a strategic tie-up with FiNC.
Vehico: Bengaluru-based IoT solutions provider for the automobile industry Vehico raised an undisclosed angel investment from Calcutta Angel Network (CAN) and Appliyifi Investment Network, an online platform for startup investments. Both the investors will together hold around 14.2% of the startup’s equity. The capital will be used for product expansion, team strengthening, and scaling up its technology.
Comet: Marketplace for international freight services, Comet raised an undisclosed amount in a seed funding round led by India Quotient, the Mumbai-based early stage VC fund. Rajul Garg, founders of BlackBuck, Rajesh Yabaji, Chanakya Hridaya, Ramasubramaniam B, and Vishwanathan have also invested in their personal capacity. Other investors include Dubai-based Nobel House, Sunstone Capital, and Alok Mittal. The company plans to utilise this round of funding to build the team, technology, and increase market penetration.
Indifi Technologies: Gurugram-based platform for enabling debt-financing for small businesses Indifi Technologies raised $10 Mn in a Series B funding round led by Omidyar Network. The existing investors Accel Partners and Elevar Equity also participated in the round. Indifi Technologies, while maintaining its focus on MSME businesses, intends to direct the investments towards furthering its products and technology.
Fresh Food Concepts: Delhi/NCR-based cold-pressed juices startup Fresh Food Concepts secured $2 Mn in a Pre-series A round led by…