India Dealbook: Fynd, Wigzo, DoneThing raise funding; AppWorks buys BigDrop

Team Fynd

Fashion e-commerce portal Fynd has received $500,000 funding in a Series A round while Wigzo, an enterprise marketing automation suite, has raised a bridge round. Meanwhile personal assistant platform DoneThing has secured Rs 2 crore ($307k) funding from Brand Capital while AppWorks has acquired software development firm BigDrop.

Fashion e-commerce portal Fynd receives $500k from Venture Catalysts, others

Fashion e-commerce portal Fynd has received $500k funding in Series A round from Venture Catalysts, a seed investment and innovation platform and other unnamed investors.

“Fynd is a promising e-commerce venture which provides an innovative solution to every online shopper’s most basic problem – product delivery,” said Apoorv Ranjan Sharma, co-founder, Venture Catalysts in a statement.

In January, Fynd had raised an undisclosed amount in pre-Series A round from Snapdeal’s former chief product officer Anand Chandrasekaran; Rajiv Mehta, CEO of Arvind Sports Lifestyle Ltd; and Ramakant Sharma, co-founder of Livspace.

Wigzo raises bridge round led by 3one4 Capital

Wigzo, an enterprise marketing automation suite run by Delhi-based Wigzo Technologies Pvt Ltd, has raised an undisclosed amount in bridge round led by its exiting investor 3one4 Capital.

Other investors like Aarin Capital, Advantedge Partners and angel investors Arjun Sharma of Select Hospitality, and Mohit Gulati of Altius Ventures also took part in the round, according to an Economic Times article.

Founded in 2013 by Umair Mohammed, Himanshu Kaushik, Shamail Tayyab and Vikrant Khushu, Wigzo allows brands and marketers to personalise any form of communication across multiple channels including email, push, browser push as well as Facebook and Google ads from a single infinitely-scalable dashboard.

The company will use the proceeds for expanding into North and South America.

Personal assistant mobile app DoneThing gets $307k funding

DoneThing, a Gurgaon-based personal assistant mobile app, has received Rs 2 crore ($307k) funding from Brand Capital, The Economic Times reported citing the company’s top executive.

The startup will use the funding for its expansion plans.

Last March, DoneThing had secured a $230k funding from Hong Kong-based Swastika.

Gurgaon-based AppWorks acquires BigDrop

Appworks, IT servicing and consulting company, has acquired BigDrop, a custom software development startup which offers solutions to other startups, SMEs and large companies. The financial details of the deal were not disclosed.

“Our merger with App Works helps us get closer to this goal, leveraging their vast reach, and gaining from the experience of the excellent management team, and building solutions that impact and solve real life problems,” said Naved Khan, co-founder of BigDrop, in an Economic Times report.

Through this acquisition, AppWorks will leverage the capabilities of BigDrop’s engineers to enhance its capabilities in services, products and digital marketing.

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