Hyderabad-based customer loyalty and rewards platform Froogal has secured $1 million in its pre-Series A funding round, led by a clutch of US-based angel investors.
The funds will be allocated towards achieving greater geographical expansion, realising global partnerships, and product enrichment, the startup said in a statement.
“With this round of funding, we aim to expand across new markets and target audiences. It will also help us strengthen our technological framework and diversify our product portfolio,” Froogal, Founder and CEO, Jeevan Chowdary said.
Froogal is looking to expand its service offerings to Mumbai, Bengaluru, Chennai and Gurgaon.
INDIA DEAL MONITOR
Here are some of the prominent venture capital transactions in India between November 26-December 3.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Sector|
|Just Herbs||Chandigarh||1.5 million||Pre-Series A||Roots Ventures||Family Offices, HNIs||Beauty & Wellness|
|FirstU||Bengaluru||-||Seed||-||India Quotient, FirstCheque, Farooq Adam (Co-founder of Fynd), other angel investors||Automotive|
|Gully Network Retail||Bengaluru||700000||Seed||Orios Venture Partners||-||Retail Tech|
|Holisol Logistics Pvt Ltd||Delhi||2.8 million||Asset Financing||BlackSoil Capital||-||Logistics|
|Kamatan||New Delhi||$4.18 million||Equity & Debt||Samunnati Agro Solutions||-||Agri Tech|