While startups NFX Digital, Quickli, and Pitstop have raised funds, on-demand beauty services provider Enrich Salon has acquired rival Belita.
NFX Digital raises $1m led by Indian Angel Network
Indian Angel Network member, Vikas Kuthiala, was the lead investor for the transaction and will be joining the NFX Digital’s board.
The Delhi-based startup had earlier raised about Rs 3 crore from ad film makers Prahlad Kakkar and Abhinay Singh Deo, among others.
500 Startups-backed Quickli raises bridge round
In September last year, the startup had raised seed funding from 500 Startups and former Rocket Internet partner Mato Peric.
“We are currently doing 2,000 orders a day in the Delhi-NCR area and will utilise the capital to enter new geographies including Bengaluru,“ said Rohan Diwan, cofounder of Quickli. “Close to 50% orders are in the food delivery space where we have tied up with restaurants directly. We also work with companies like Lenskart, 1 MG and others for delivering multiple orders in a milk run,“ he said.
Pitstop raises funding from angel investors
Car repair and servicing startup Pitstop has raised an undisclosed amount in funding from Alex Chua, chief operating officer of Singapore-based Goldbell Group; and the founder of Moglix, Rahul Garg.
The Bengaluru-based company had raised an initial round of funding from multiple investors including Ashutosh Lawania, cofounder of Myntra; and LivSpace cofounders Anuj Srivastava and Ramakant Sharma.
This fund infusion will enable Pitstop to strengthen its partner base using technology to streamline processes, infrastructure and customer experience; and future growth initiatives, the company said in a release.
The company, which works through tie-ups with local garages, plans to enter new markets including Mumbai, Pune, Chandigarh, Chennai and Hyderabad over the next quarter.
On-demand beauty services provider Enrich Salon acquires Belita
Subsequently, Belita brand will be merged to Enrich Salon and will provide services under Enrich brand.
In August 2015, Belita had raised about $377,000 (Rs 2.5 crore) in an angel round of funding led by India Quotient and Supreet Singh.