<article>Startups Kreate Konnect and Neostencil have raised funds while invoice discounting platform KredX has acquired Hummingbill.</article>

Startups Kreate Konnect and Neostencil have raised funds while invoice discounting platform KredX has acquired Hummingbill.
<h3 style="text-align: justify;">Kreate Konnect raises seed funding from Langoor</h3>
Vadodara based e-commerce management startup, <a style="color: #000080;" href="http://dealstreetasia.com/tag/Kreate-Konnect" target="_blank">Kreate Konnect</a> has raised an undisclosed amount of seed funding from <a style="color: #000080;" href="http://dealstreetasia.com/tag/langoor" target="_blank">Langoor</a>, a Bengaluru based digital advertising company, according to <a style="color: #000080;" href="http://economictimes.indiatimes.com/small-biz/startups/langoor-invest-in-start-up-kreate-konnect/articleshow/57398513.cms" target="_blank">a report</a> in The Economic Times.
As per the report, the funding which is pegged between Rs 50 lakh to Rs 1 crore and Langoor has co-invested with angel investor Umed Fifadra.
“We decided to invest in Kreate Konnect, as they are a relevant alignment for us” said Venugopal Ganganna, CEO, Langoor adding that it also complement select services from its bouquet and will be able to help them grow meaningfully with strategic advice along with the investment.
<h3 style="text-align: justify;">Edtech startup Neostencil raises $1m from Brand Capital, others</h3>
Educational Startup<a style="color: #000080;" href="http://dealstreetasia.com/tag/Neostencil" target="_blank"> Neostencil</a> has raised $1 million of funding from <a style="color: #000080;" href="http://dealstreetasia.com/tag/brand-capital" target="_blank">Brand Capital</a>,  and California-Based<a style="color: #000080;" href="http://dealstreetasia.com/tag/paragon-trusts" target="_blank"> Paragon Trusts</a>, said <a style="color: #000080;" href="https://indianceo.in/news/edtech-neostencil-raise1-million/" target="_blank">a report</a> in IndianCEO.in.
Other investors in the round include <a style="color: #000080;" href="http://dealstreetasia.com/tag/91springboard" target="_blank">91Springboard</a>, M&amp;S Partners Pvt. Ltd founder Hirokazu Mashita and Jabong co-founder Praveen Sinha.
Edtech startup NeoStencil provides live online classrooms. Students have access to both live and recorded classes and the site will also provide online tests and study materials.
In 2015, the startup raised $60,000 from Paragon Trust and US-based entrepreneur Piyush Dhanuka.
The Delhi-based startup plans to use the latest funding to develop an application for NeoStencil, marketing expenses, improving user’s interface and offering new courses in Judiciary, banking etc.
<h3 style="text-align: justify;">KredX acquires invoicing platform for SMEs Hummingbill</h3>
Bangalore-based <a style="color: #000080;" href="http://dealstreetasia.com/tag/kredX" target="_blank">KredX</a>, an invoice discounting platform, has acquired <a style="color: #000080;" href="http://dealstreetasia.com/tag/hummingbill" target="_blank">Hummingbill</a>, an invoicing platform for small and medium businesses, for an undisclosed amount, according to <a style="color: #000080;" href="http://epaperbeta.timesofindia.com/index.aspx?eid=31815&amp;dt=20170302" target="_blank">a report</a> in The Economic Times.
Hummingbill&#8217;s Gmail plugin product allows for automated tracking of invoices and cash-flow management, and this acquisition will help KredX to strengthen its technology capabilities.
KredX&#8217;s platform enables small merchants to sell their invoices raised against blue-chip companies at a discount to investors, banks and financial institutions to raise money for their working capital needs.
“Hummingbill will help us further to improve our customer experience, optimise invoice delivery, tracking, follow-ups and reconciliation using the applications designed by their team,“ KredX executive director Anurag Jain told the newspaper.
Hummingbill&#8217;s four-member team will join KredX and the 500 merchants on its platform will be onboarded in the merged entity.
Also Read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/india-dealbook-kredx-creditmate-mpower-pickrr-raise-funding-56351/" target="_blank">India Dealbook: KredX, CreditMate, MPOWER &amp; Pickrr raise funding</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/66195-66195/" target="_blank">India Dealbook: Fintech startup RedCarpet raises $2.5m; Ideaspring backs Karomi</a>

Startups Kreate Konnect and Neostencil have raised funds while invoice discounting platform KredX has acquired Hummingbill.

India Dealbook: Kreate Konnect, Neostencil raise funds; KredX acquires Hummingbill

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India Dealbook: Kreate Konnect, Neostencil raise funds; KredX acquires Hummingbill

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