India Digest: EasyEcom, Acculi Labs raise funding; Sequoia may invest in FamPay

Photo: Mint

E-commerce enabler EasyEcom has raised funding from Amistad Ventures, while Acculi Labs has secured funding from Startup Basket. In another development, FamPay is looking to raise up to $8 million from Sequoia Capital and Lightspeed Venture.

Amistad Ventures backs EasyEcom

US-based venture capital firm Amistad Ventures has invested an undisclosed amount in existing portfolio company EasyEcom, VCCircle reported.

Bengaluru-based EasyEcom is an e-commerce enabler for empowering Indian sellers with an end-to-end solution for online retail. The startup with use the funds to strengthen its platform as well as invest in sales and marketing activities.

Acculi Labs raises pre-seed funding

Diagnostic company Acculi Labs has raised an undisclosed amount in pre-seed funding from a group of angels and Bengaluru-based consultancy and services firm Startup Basket.

Acculi Labs said the the funds will be deployed towards completing all the necessary steps needed to secure the IP and certification before mass commercialisation of its product, Lyfas, YourStory reported.

FamPay in funding talks with Sequoia, Lightspeed

FamPay, a family-friendly digital payment app, is looking to raise up to $8 million in funding from Sequoia Capital and Lightspeed Venture, Entrackr reported.

Sequoia is likely to contribute $4 million in the financing round while Lightspeed is expected to pump in $3 million. The balance $1 million is going to come from angel investors including former WhatsApp Business Chief Neeraj Arora.

Founded by Kush Taneja and Sambhav Jain, FamPay allows parents to send money to their children without any paperwork, hidden charges and condition for minimum balance.