Online cricket fantasy gaming platform BalleBaazi, B2B footwear marketplace ShoeKonnect, Digiarway Healthcare, and event booking platform BookEventZ are among the latest Indian startups to have secured funding.
Info Edge injects more into ShoeKonnect
Info Edge (India) Ltd, the parent of jobs portal Naukri.com and real estate website 99acres.com, has invested an additional $867,500 in B2B footwear marketplace ShoeKonnect. The company has acquired 6,000,000 compulsorily convertible preference shares in ShoeKonnect having face value of Rs.10 each, thus taking its shareholding in the company to 29.79 per cent, it said in a BSE filing on Tuesday. The investment would help the company to consolidate its presence in existing line of businesses within the Internet services industry.
Equanimity Ventures backs BookEventZ
Online event booking platform BookEventZ has raised an undisclosed amount in Series A funding from Mark Mobius-backed venture capital firm Equanimity Ventures, per an announcement. BookEventZ plans to use the funds to expand venues to 100 by October from 30 now. The startup expects to increase the number of flagship venues to about 1,000 by 2021. Following the expansion, the company also expects its number of event bookings to rise to 600-700 per month by end of the calendar year from the present 200 every month. Founded in 2013, BookEventZ claims to have served over 350,000 events so far and lists over 10,000 properties in India.
BalleBaazi secures $1m funding from parent
Online cricket fantasy gaming platform BalleBaazi has secured $1 million in funding from Baazi Games, its parent company. With this investment, Baazi Games has consolidated its majority stake in the company. BalleBaazi plans to utilise the funds to further expand its verticals and introduce various concepts to enhance the user experience, it said in a statement on Wednesday. Since its inception last year, BalleBaazi boasts of having reached around a million users per month.
Digiarway gets funding from angel investors
New Delhi-based healthcare services provider Digiarway Healthcare Pvt Ltd has raised an undisclosed amount in funding from angel investors, The Economic Times reported. The investors include Ashwani Gupta, a hotelier and veteran real estate and early stage investor; Sunil Chawla, partner at growth stage PE fund advisor Jacob Ballas Capital; Sanjay Malhotra; and Harvinderjit Singh Bhatia, CEO of Radiowalla. The company will use the funds to ramp up operations in existing locations, and also establish presence in other cities in North India.