The latest in the deal space in startups in India has seen Imaginate Technologies and The Ken raise funding, while Obino has acquired fitness mobile app startup Fitard.
Imaginate raises $500k seed funding from SRI Capital
Imaginate, a virtual reality (VR) and augmented reality (AR) startup, has raised $500,000 seed funding from seed stage venture fund SRI Capital.
According to a company’s statement, SashiReddi, managing partner of SRI Capital, has joined the company’s board. Imaginate’s early seed investor IIIT Hyderabad which invested in the company four years ago, has exited with this funding round.
Hyderabad-based Imaginate was founded in November 2011 by Hemanth Satyanarayana and was a part of the NASSCOM 10,000 startups warehouse programme in 2016. Its product NuSpace enables people to communicate with one another in an immersive and interactive realistic virtual world, for purposes such as specialized industrial training, engineering design, remote maintenance and repair.
News site The Ken raises $400k from angel investors
The Ken, subscriptions-only business news site, has received over $400,000 funding from a clutch of angel investors, the company said in a statement today.
The investors in the round include Aprameya Radhakrishna, co-founder, TaxiForSure; Deepak Natraj, managing director, Aarin Capital; Girish Mathrubootham, founder and CEO, Freshdesk; Mahesh Murthy, founder of Pinstorm and co-founder of Seedfund; Pallav Nadhani, co-founder and CEO, FusionCharts; Pavan Ongole, former director, SoftBank; Sandeep Mathur, managing director, Graticule Asset Management; Shan Krishnasamy, co-founder and CTO, Freshdesk; Shanmugam Nagarajan, co-founder and CPO, [24]7; V…