India Dealbook: Howdy Ventures, Myra & iSos fundraise

Photo: Mint

Chennai-based Howdy Ventures has raised $1.5 million, e-pharmacy startup Myra has received around $7-8 million from Matrix Partners and Times Internet even as software startup iSos has got $5 million funding.

Howdy Ventures raises $1.5m from Kerry Indev Logistics’ chairman

Howdy Ventures Pvt Ltd has raised $1.5 million funding from S. Xavier Britto, the Chairman of Kerry Indev Logistics.

The Chennai-based company which combines events and groups features under one platform, has diluted 50 per cent stake in the process.

It will use the funding launch of a social event and messaging app HowdyDo! by Jual Oram, the Minister of Tribal Affairs, Government of India and Tamil actor Vishal.

Started in July 2016, the app claims to have an ability to add over 100,000 people in a single group and has 15,000 users till date.

Matrix, Times Internet backs e-phramacy co Myra

Bangalore-based e-pharmacy startup Myra has secured around $7-8 million from VC firm Matrix Partners and Times Internet Ltd, a part of Times Group.

According to a report in The Times of India, the company will utilise the proceeds for its expansion to new metro cities.

The company claims to have about 1,000 orders per day and plans to grow by three to four times in the next nine months. It employs around 300 people.

Another pharmacy aggregating firm PharmEasy raised $18 million from Bessemer, , Aarin Capital, Astarc Ventures and Trifecta Capital.

Punjab-based iSos gets $5m from Saber Corp founder

Portland-based entrepreneur Nitin Khanna has backed computer software startup iSos with $5 million funding, according to a statement.

Founded in September 2016 by Anil Rana, Gourav Arora, Meenakshi Sharma and Paras Guglani Punjab, California-based company iSos provides integrated smart office solutions. It has created software to facilitate communication, cashless transactions, record attendance, monitor individual Internet usage and manage inventory, among other purposes.

The software can be deployed in campuses, government hospitals, offices to keep track of the men and material in place.

“With productivity being the key for most companies, iSos serves an essential need and we see growth in this segment,” said Khanna, the CEO of investment banking firm MergerTech, Portland, Earlier he co-founded US-based Saber Corp, which was sold to EDS in 2007.

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