![Funding Galore: Startup Fundings Of The Week [2 January – 7 January]](http://briofinancial.com/wp-content/uploads/2017/01/funding-galore-startup-fundings-of-the-week-2-january-7-january.jpg)
In the first week of 2017, Japanese investment major – SoftBank Capital announced that it will now facilitate its investments in India via its $100 Bn tech focussed fund, Vision Fund. The fund will now be the primary investment vehicle for SoftBank’s investment in India. It has also received capital commitments from various corporations, family offices and sovereign funds.
Next up, cloud services firm Zoho Corp invested nearly $10 Mn in 5 startups. Zentron Labs (previously funded by Zoho in 2014) and vTitan, a medical device maker are two of the chosen investments. The names of the remaining three startups are undisclosed.
In the first week of the year, 12 startups raised around $24.2 Mn in funding altogether. (Funding amount is based on startups that disclosed their funding)
Startup Fundings Of The Week
TaxSutra: Pune-based online tax information platform TaxSutra raised about $366K (INR 2.5 Cr) from existing investors TV Mohandas Pai and V Balakrishnan (chairman of Exfinity Ventures), along with other existing and new investors. Former Wipro taxation head PV Srinivasan also participated in this round.
TempoGo: IoT and SaaS-based techno-logistics solution provider TempoGo secured $825K in its Seed round of funding led by K2 Capital of Hong Kong. Founded in 2015 by Pranav Shirke and Aaditya Goyal, TempoGO’s IoT-based software includes a GPS-based hardware unit that tracks vehicle’s location and speed. The SaaS layer includes trip management and fleet management software and a dashboard for actionable business intelligence using data analytics.
Fynd: Fashion ecommerce portal Fynd secured an undisclosed amount of funding from former Snapdeal CPO, Anand Chandrasekaran. Rajiv Mehta (CEO of Arvind Sports Lifestyle Limited) and Ramakant Sharma (co-founder of Livspace) also participated in this round. The company plans to utilise the raised funds for marketing and enhancing its tech infrastructure.
Learntron: Edtech startup Learntron raised an undisclosed amount…