In a spate of funding news in India, Bengaluru-based BetterPlace and TableHero have raised $1 million each in their respective seed rounds. Also online platform for renting daily items RentSher raised $300,000 from angel investors and autorickshaw aggregator Jugnoo roped in actress Saumya Tandon as an investor and brand ambassador.
BetterPlace raises $1m from Unitus Seed Fund
Safety solutions provider BetterPlace has secured around $1 million funding from Unitus Seed Fund for its expansion plans.
With the investment from Unitus, BetterPlace will accelerate its technology development, increase operational capability and add geographic presence, the company said in a statement.
Co-founded by chief executive officer of SIS Group, Uday Singh, and former global head of cloud ERP at SAP, Pravin Agarwala, BetterPlace carries out background verification for new hires, with a focus on the blue-collar workers in the logistics and hyperlocal services space.
“Our major revenue stream is the on-demand sector which uses our solution for hiring blue-collar workers. Going ahead, there is a larger opportunity in orders for individual checks, finance institutions and others,” Agarwala said.
TableHero raises $1m seed funding led by growX ventures
The startup plans to use the funding to further product development as well as to bolster its engineering and product design team.
“The early founding team at TableHero is a group of the most talented engineering and product design folks that I’ve had the pleasure to work with. The first product in this stack will be an intelligence-driven, one-click website maker for restaurants,” said Deap Ubhi, CEO of TableHero.
TableHero will initially launch its services in the US and will be targeting restaurants as its early adopters.
“We’re investing in Table-Hero, above all, for the team,” said Sheetal Bahl, CEO of growX ventures.
RentSher raises $300k seed funding
The startup plans to use the funds for product development and to expand its offerings.
“We will strengthen the platform and build features such as geo-tagging and supply chain automation,” said Abhijit Shaha, co-founder and president of product & strategy, RentSher said, in a release.
Founded by Abhijit Shaha, Harsh Dhand and Karandeep S Vohra, RentSher is operational in Bengaluru and Delhi.
Actress Saumya Tandon backs auto rickshaw aggregator Jugnoo
Auto rickshaw aggregator Jugnoo has roped in actress Saumya Tandon as an investor and its brand ambassador. The actress invested an undisclosed amount into the startup.
“With Saumya coming on board, our patrons and new users will have a face to connect with and her popularity will aid better brand recall. As far as her investments are concerned; it will assist us to augment our capacity,” Samar Singla, Founder and CEO, Jugnoo said,
Founded in 2014, Jugnoo has since become one of the leading auto-rickshaw aggregators with 30,000 people transacting per day.