In a couple of fundraise and deals in Indian startups, Times Internet has acquired Viral Shots, a micro content app, while ed-tech startup Myly and furniture e-tailer Infurnia Furnishings have raised seed funding.
Times Internet acquires Viral Shots
The Times of India Group’s arm Times Internet has acquired Viral Shots, a Gurgaon-based micro content app, for an undisclosed sum.
Founded by Shalini Tewari and Kumar Apurva, Viral Shots curates stories from over 300 social and web destinations. The app currently serves the content in English, Hindi, Bengali and Telugu languages and plans to launch in all major or Indian languages by mid 2016.
“This fits into our prime goal of providing our readers an innovative and informative content experience. We found the format and curated content of ViralShots very addictive and their engagement with users was amazing and feel confident that this can become the number one app in its category,” said, Miten Sampat, VP, corporate development, Times Internet.
Myly raises $100k in seed funding from Newbie Promoter
Myly, the mobile-based education app, has raised $100k in seed funding from Newbie Promoter Pvt Ltd, as per a statement.
Run by Jaipur-based firm EduCommerce Technologies Pvt Ltd, Myly plans to use the money for customer acquisition.
Founded in September 2014 by Gaurav Mundra and Madhup Bansal, Myly is a cloud based communication and transaction platform for institutions. Through the app, school and parents can exchange information.
Bangalore-based Infurnia raises $160K from Idein Ventures
Bangalore-based furniture-tech firm Infurnia Furnishings Pvt Ltd has raised $160k in seed funding from Idein Ventures.
As a part of the deal, Ashwin Srivastava of Idein Ventures will join the board of Infurnia.
Infurnia will use the funding to expand the business model development, marketing, sales and technology teams.
Founded in Sept 2014 by IIT alumni Nikhil Kumar, Infurnia has tie-ups with several companies and provides options to customise the furniture for its customers. It also enables consumers to visualise and customise their furniture in 3D before buying it.
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