In a spate of funding news in India, Bangalore-based BetterPlace, InfiSecure and Awesummly got investment PE and angel investment.
BetterPlace gets funding from Venture Highway
Safety solutions provider BetterPlace Safety Solutions has secured an undisclosed amount of funding from Venture Highway, the company said in a statement.
Co-founded in 2015 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.
“India is at a very interesting cross road where we are seeing massive migration across states, growth of the services sector to a point where it today employs more people than any other segment along with increased smart phone penetration thereby enabling the possibility of large scale digitization. These trends enable us to continue to build trust profiles on top of the Aadhaar platform,” said Pravin Agarwala.
In February this year, the company had raised $1 million from Unitus Seed Fund.
Venture Highway is founded by Samir Sood, ex-head of corporate development – South Asia, Australia at Google, and is advised by Neeraj Arora, business head at WhatsApp.
InfiSecure receives $600k from IDG, Axilor
InfiSecure will use the money for research and global business development.
Launched in March this year by Abhilash Pandey and Sandeep Singh, InfiSecure is a robust bot protection platform that sanitizes a website’s traffic and improves business metrics using a 24×7 active SaaS solution.
“There cannot be a more relevant time for InfiSecure’s bot protection platform than now, when bots constitute more than half of the global internet traffic. With evolving technologies, bot frauds have reached new heights, negatively impacting every online business in more ways than ever before. With InfiSecure, we help businesses keep their websites secured so that they can focus on their core businesses,” said Pandey.
Awesummly secures $146k angel funding
Bangalore-based digital media venture Awesummly has secured $146k in angel funding from Vivek Bhargava, chief executive, iProspect and Ameera Shah, promoter and managing director of Metropolis Healthcare.
Started in July 2015 by Deepak Mishra, Ankit Dhawan and Nitin Mishra, Awesummly is a machine-intelligence powered short news app which provides personalised news summary in 60 words in both English and Hindi. The app comes with features like night mode, offline reading, among others. It is run by Bangalore-based NitroLabs Technology Pvt Ltd
The funding was raised during a episode of The Vault, a reality show for aspiring entrepreneurs to mobilise funds.