Online reputation management start-up RepUp has raised an undisclosed amount in funding from Indian Angel Network. SparesHub, an online marketplace for car spares, has secured Pre-Series A funding led by Hyderabad Angels and Singapore-based M&S Partners.
Indian Angel Network invests in start-up RepUp
Sanjay Mehta, Keshav Murugesh and Apurva Parekh of Indian Angel Network have led this round of investment. As part of the investment agreement, Mehta will join the RepUp’s board to help the company with strategic decisions.
The funds will be used by Gurgaon-based RepUp to acquire new customers from hotel industry in India and to explore South East Asian market.
Founded by IIT-Mumbai graduate Pranjal Prashar in December 2013, RepUp is a one-stop solution for hotels to increase bookings by improving reputation of the brand online. The company aggregates online comments and feedback on hotels based on data from about 100 websites.
In the coming year, RepUp will include onboarding of 500 hotels, building new partnerships, and exploring other geographies.
SparesHub gets funds from Hyderabad Angels, M&S Partners
The two investors with Hyderabad Angels – Prasad Vanga and PS Sreekanth will join SparesHub’ board as director and observer, respectively as part of the investment deal.
The Pune-based start-up, owned by Iradium Automobiles Private Ltd, will use the funds to expand its existing operations, improve technology infrastructure and strengthen the supply chain.
SparesHub, which was co-founded by Tapas Gupta and Arijit Chakraborty, currently retails auto parts of several brands including VolksWagen, Skoda and BMW.