India Dealbook: HashLearn, StalkBuyLove raise funds; Wings Travels acquires Bookmycab

Photo: Mint

Edutech startup HashLearn, online fashion brand StalkBuyLove, and Endless Robotics have raised investments, while transport services provider Wings Travels has acquired taxi aggregator Bookmycab.

HashLearn gets funding from top angel investors in India

Bengaluru-based on-demand mobile tutoring platform HashLearn, has raised funding of an undisclosed amount from Flipkart cofounder Binny Bansal, Ola cofounder Bhavish Aggarwal, Google India head Rajan Anandan and People Group founder Anupam Mittal are among a group of marquee tech angels.

Hash-Learn offers a mobile app Hash-Learn Now that enables students to instantly connect with reputed tutors round the clock for help in solving problems, understanding concepts or clearing their doubts.

The funds raised will be used for building categories and product besides marketing, co-founder Jayadev Gopalakrishnan said. The service is currently offered through daily, weekly and monthly-subscription plans based on grades, subjects and entrance exams.

StalkBuyLove raises funds from 500 Startups, Littlerock

Online fast fashion brand StalkBuyLove has raised an undisclosed amount in a funding round led by 500 Startups and Germany-based venture fund Littlerock, as per a report in The Economic Times.

The startup plans use the funds to accelerate growth, invest in its talent base and strengthen supply and fulfillment structures. StalkBuyLove, which sells women’s clothing and accessories, said it is growing 8% month-on-month with a current gross revenue run rate of $5 million.

Wings Travels acquires taxi aggregator Bookmycab

BPO transport service provider Wings Travels acquired taxi aggregator Bookmycab for an undisclosed amount, according to a report in The Economic Times. The acquisition is aimed at helping Wings Travels to strengthen its technology and expand business to 47 more cities in India, Myanmar, Thailand, Vietnam and Sri Lanka.

The combined entity will be rebranded as Wings Bookmycab. “We have merged synergies to create a global technology solution,” said Arun Kharat, founder director of Wings Travels. “For the fast growing vehicle rental market, innovative technology reduces entry barriers for entering new geographies.”

Wings Travel, which provides transport services to over a million employees of multinational and Indian companies across nine cities, has been considering buying a technology company to develop its own mobile app, which would aid its expansion plans into retail and staff travel market.