Jaipur-based eShiksa, an education management portal, has raised an undisclosed amount of funding.
Here is a list of deals that happened in Indian Startup Ecosystem today including funding, merger, acquisition, fund launch etc. Read a brief description about all of them:
1. Chennai-based Howdy Ventures Pvt. Ltd has raised $1.5 million (Rs 10 Cr) at a $3 million (Rs 20 Cr) valuation, from S. Xavier Britto the Chairman of Kerry Indev Logistics, against a 50% equity stake. Britto has been appointed as the Chairman of the Board of Howdy Ventures, along with former Deputy Auditor General of India, S. Sathyamoorthy. With this funding, the company also announced the launch of a social event and messaging app HowdyDo! by Jual Oram, the Minister of Tribal Affairs, Government of India and Tamil actor Vishal, reported Inc42.
2. Online grocery firm Grofers has set up around 15 offline outlets across Delhi-NCR, reported MoneyControl. The company has launched two types of offline outlets — tuck shops and franchise stores. It has tied-up with start-ups across Delhi NCR such as Oyo Rooms to place tuck shops in their office premises which will serve low ticket items like snacks and soft drinks. The franchise stores have been set up near multiple residential areas in Gurgaon and will offer fresh produce and dairy products to meet the everyday needs of the residents.
3. Computer software startup iSos Inc. which is based in Mohali, Punjab and California, has raised $5 million (Rs 32 crore) from Portland, US-based entrepreneur Nitin Khanna. The company that provides integrated smart office solutions, has created software to facilitate communication, cashless transactions, record attendance, monitor individual Internet usage and manage inventory, among other purposes, reported VCCircle.
4. Tech-enabled laundry services UClean is planning to raise about $3 million in funding six months from now as it plans to expand its centres in the country. UClean Founder Arunabh Sinha said, “We have invested Rs 50 lakh in the company in the last six months of operations and have raised about $1 million from Franchise India and Mumbai-based Angel Investor. In the next five years we are planning to set up 350 stores all across India and for that we would be looking at raising $3 million after six months.”
5. Bangalore-based mobile gaming startup Mech Mocha Game Studios Pvt. Ltd has raised $5 million (Rs 32 crore) in its Series A round led by venture capital firms Accel Partners and China’s Shunwei Capital with participation from existing investor Blume Ventures. The raised funding will be used to develop and launch new mobile-gaming titles across casual and mid-core gaming categories, targeted…