Venture capital firm Accel Partners has invested in online logistics marketplace Cogoport, while co-working incubator Huddle and healthtech platform Curefit have raised funding.
Accel backs online logistics marketplace Cogoport
While the financial details of the investment were not disclosed, media reports peg the investment to be around Rs 40-50 crore.
Mumbai-based Cogo Freight Pvt. Ltd, which operates Cogoport, plans to use this latest funding to develop new products and expand its business in India and other countries.
Founded in 2016 by Shekhar Purnendu, Anurag Dabral, Harsh Kumar and Kunal Rathod, Cogoport (Cogo Freight Pvt Ltd) helps both exporters and importers move their cargo to their destination through tie-ups with international freight carriers. Cogoport currently has branches in Mumbai, Ahmedabad, Baroda, Rajkot, Gandhidham and Gurugram and Hong Kong.
Co-working incubator Huddle has raised $300k seed funding
Co-working incubator Huddle has raised $300,000 in a seed funding round from angel investors including Singapore-based Rakesh Bhatia, former CEO, HSBC Indonesia and San Francisco-based Suhail Chander, Head – Corporate & Commercial Banking, IndusInd Bank.
Launched late last year, the Gurgaon-based startup plans to use the funds to expand its mentor network outside India.
“We have a strong mentor panel of over 20 seasoned professionals in India and globally, and this base continues to grow. With our incubation focus, we are actively working with ventures not only in Delhi NCR, but also pan India – given that our services are structured in a manner where there can be virtual, this allows us to work with companies without a territory restriction,” said Ishaan Khosla, co-founder Huddle.
The company is also looking to strengthen its business from corporate clients.
Healthtech startup Curefit gets $636k funding
Health-tech startup Curefit has secured Rs 4.18 crore ($636,000) in a funding round with participation from Flipkart co-founder Binny Bansal and Myntra-Jabong CEO Ananth Narayanan, according to information sources by research platform Paper.vc.
Founded by Myntra co-founder Mukesh Bansal and former Flipkart executive Ankit Nagori, Curefit has already raised around $45 million, since it was founded a couple of years ago. Its backers include venture capital firms Accel Partners, IDG Ventures, Kalaari Capital and UC-RNT Fund.
Earlier this year, it was reported that Curefit raised about $10 million in debt financing, mainly from leading private sector lenders—HDFC Bank and Axis Bank.