India Dealbook: HandyTrain, Mobycy raise funds; PropEquity buyback

While startups HandyTrain and Mobycy have raised funds, CEO of PropEquity has bought back majority stake in the company from Och-Ziff Capital.

Corporate training platform HandyTrain raises $1m from NB Ventures

HandyTrain, a mobile-based SaaS platform, has raised $1 million in a pre-Series A round led by Dubai-based NB Ventures.

This latest funding comes in a year after the Goa-based startup raised $1 million from Silver Range Investments, Hong Kong, Lumina Datamatics and Shun Yoshida, managing director, Merrill Lynch, Tokyo and other angel investors.

Founded in 2015, HandyTrain lets companies create and deploy training programmes, and its clients include  Renault, TVS Electronics, Logicash, Spree Hotels and Mahindra Insurance Brokers.

“We see a recurring need for HandyTrain in the Middle East, given the transient worker population and the diverse catchment area that the labour and employee workforce comes from. We’ve are working together on a road map for expansion of HandyTrain through our three-decade-old business network in the GCC region,” said Neelesh Bhatnagar, managing director of NB Ventures.

Bike-sharing startup Mobycy raises $500k seed funding

Bike-sharing startup Mobycy has raised seed funding of $500,000 from a US-based angel investor.

Founded earlier this year, the Gurgaon-based startup is gearing up for an official launch in the next few days, the company said in a press statement.

Mobycy is launching its operations with 5,000 bicycles and plans to raise this number to 50,000 in the next 6 months. The bicycles will be available in the Delhi/ NCR regions, including Delhi, Noida, Gurgaon, Chandigarh and Faridabad. The bikes will be available at various public places, like metro stations, markets, popular haunts like North Campus, Cyber City etc.

Also, students from various colleges and universities will be able to hire the Smart Bikes from Mobycy at a subsidized subscription plans.

PropEquity CEO buys back stake from Och-Ziff Capital

The CEO of Gurgaon-based real estate-focused research, data and analytics firm PropEquity has bought back majority stake in the company from US-based investment firm Och-Ziff Capital Management.

According to a report in The Economic Times quoting sources, PropEquity CEO Samir Jasuja, who held 20 per cent stake in the company, has bought back the 80 per cent stake from Och-Ziff Capital for $10-12 million.

As per the news report, alternative asset management firm Och-Ziff Capital, had invested around $10 million in PropEquity, across tranches.

Also Read:

HandyTrain gets $1m from Silver Range, Lumina Datamatics, others

Mobiefit receives $1.35m funding led by NB Ventures