Sharan Poovanna

India: Urbanity Multisol raises $150,000 seed funding from international investors

Urbanity Multisol Pvt. Ltd which runs on-demand service portal raised $150,000 seed funding from international investors which include Jozef Bardik, Leo Wang and Sangeet Ram. The company that operates in select parts of Mumbai will use the funds to expand to other localities in the city and launch new… Read more »

India: Taxi hailing service Ola claims 25m customers, hopes to attract more

India’s largest taxi hailing service Ola, run by ANI Technologies Pvt. Ltd, is estimating a three fold increase in customer bookings from 1 million to 3 million per day by April. The company, which works as a marketplace connecting customers with drivers using technology, claimed on Monday it had served… Read more »

India: Ezetap announces universal mobile wallet acceptance

Ezetap Mobile Solutions Pvt. Ltd, a mobile payments company, announced its universal mobile wallet acceptance, which allows offline merchants to accept customer payments from other mobile wallets like Paytm (One97 Communications Ltd), Mobikwik (One MobiKwik Systems Pvt. Ltd), Novopay Solutions Pvt. Ltd, and Freecharge (Accelyst Solutions Pvt. Ltd.) through its… Read more »

India frames rules for cab aggregators like Ola, Uber

India’s ministry of road transport has issued guidelines for ride hailing services such as Uber (Uber Technologies Inc.) and Ola (ANI Technologies Pvt. Ltd), identifying them as on-demand information technology-based transportation aggregators and not taxi companies, although it is up to the states to accept or reject this. The guidelines,… Read more »

India: Online supermarket suspends operations temporarily

Online supermarket has temporarily suspended operations as the company gears for a technology and services upgradation. “Your banya is upgrading his technology and services. We will be back shortly with more exciting features and a far better delivery experience. We can’t wait for you to experience the new and… Read more »

India: Cloud Lending Solutions raises $8m in Series A funding

Cloud Lending Solutions, a cloud infrastructure company that provides technology to marketplace lenders and other financial technology companies, has raised $8 million in Series A funding led by SF Capital Group. Cota Capital, Long Light Capital participated in the fundraising along with current seed investors Green Visor and Epic Ventures,… Read more »

India: Schoolguru raises $3m for enhancing technology, content library

Schoolguru Eduserve Pvt. Ltd, a technology-led specialized academic services organization, has raised $3 million (about Rs.20 crore) in a Series A funding led by high net-worth investors (HNIs) from India and the US. The investment will be used for enhancement of its technology platform, the company said in a statement.This was… Read more »

India: Financial services portal Bestdealfinance raises $3m in Series A funding Pvt Ltd, a financial services portal raised $3 million in Series A funding led by Kalaari Capital and participation by other investors like YourNest Angel Fund, Globvestor & Dexter Angel Circle. The funding will be used to invest in technology, people and customer support, the company said in a… Read more »

India: Online health startup CureJoy raises $1.15m from Accel Partners, others

Online health and wellness start-up CureJoy Inc. has raised $1.15 million, in a funding round led by Accel Partners India. The company, which is headquartered in California with most of its operations managed from Bengaluru, said the money will be used to expand its services in India as well as other… Read more »

India: Bueno Foods raises $600k pre-Series A funding from angel investor

Bueno Foods Pvt. Ltd, a food tech start-up that delivers gourmet food, has raised $600,000 pre-series funding from an undisclosed angel investor, said the company on Thursday. This is the first funding that the company has received from external sources, said the company statement. The Gurgaon-based company said that the… Read more »