India Dealbook: Jivox, Indulge Beverages, OneWay.Cab raise funding

In a couple of venture investments, digital marketing platform Jivox has raised $6 million, Indulge Beverages received Rs 3.3 crore ($493k) while OneWay.Cab secured $450000 from Indian Angel Network (IAN).

Cloud-based digital marketing platform Jivox raises $6m

Cloud-based digital marketing platform Jivox has raised $6 million funding led by Brandtech group You & Mr Jones and its founder David Jones, the former global CEO of advertising conglomerate Havas.

“We think the programmatic creative space has a huge future. Jivox is a very exciting company, both in terms of what its technology offers and its proven ability to deliver for brands. Diaz’s track record speaks for itself and the Jivox platform is a great addition to our Brandtech ecosystem,” said David Jones.

Indulge Beverages receives $493k in bridge round

Indulge Beverages, which sells its products under the Bonhomia brand, has received Rs 3.3 crore ($493k) in a bridge round of funding, The Economic Times reported.

The round was led by existing investors like seed-stage investment firm Fireside Ventures and Apurv Salarpuria of Salarpuria Group. Valpro Capital and an unnamed early-stage investor also took part in the round, the report said.

Indulge Beverages makes coffee and tea capsules, and sells through retail outlets like Nature’s Basket, Le Marche, Good Food, Needs as well as through some e-commerce platforms like Amazon and Snapdeal.

In February this year, ET reported that the company had raised $1 million in angel funding.

OneWay.Cab raises $450k from IAN

Gujarat-based taxi provider OneWay.Cab has raised $450,000 in seed funding from Indian Angel Network (IAN).

As part of the investment, IAN’s Ajay Gupta will join the board of OneWay.Cab, The Tech Portal reported.

The company will use the funding for its expansion plans, technology and hiring. The startup was founded in 2015 by Vivek Kejriwal, Devang Sanghvi and Pankaj Gandhi, and currently covers one-way routes from Ahmedabad, Rajkot, Udaipur, Jaipur, Vadodara, Surat, Mumbai, Nashik and Pune.

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