India Dealbook: Kalpnik Technologies, HalaPlay raises funding

Virtual reality-driven spiritual startup Kalpnik Technologies has raised $500,000 in seed round from Venture Catalysts even as HalaPlay, fantasy sports platform, has secured an undisclosed funding from Kae Capital and Nazara Technologies.

Kalpnik Technologies raises funding from Venture Catalysts

Kalpnik Technologies has raised $500,000 (about Rs 3.25 crore) from a clutch of angel investors at Venture Catalysts, according to a statement.

The investors who participated in the round include Ashwani Kakkar, chairman, board of directors at Via.com; United Group of Institutions chairman GG Gulati; Indus Homes CEO Bobby Reddy; Videonetics managing director Tinku Acharya; Everest Flavours owner Anand Ladsariya; Nitesh Prakash, senior director, Ola; and Nitin Agarwal, owner of NM Fashions and Devesh Agriexim.

The startup will use the proceeds for developing content for temples and gurus and onboard them on its platform.

Kalpnik was incorporated in 2016 and has been operating in stealth mode. It is about to releasing its Android and iOS apps. The startup provides religious and spiritual experiences using augmented and virtual reality.

HalaPlay gets funding from Kae Capital, Nazara Games

Fantasy sports startup HalaPlay has received an undisclosed sum from early-stage investor Kae Capital Management and mobile game developer Nazara Technologies Pvt. Ltd.

“Fantasy sports is a very large market with proven consumer demand and acceptance. We liked the way how HalaPlay achieved product-market fit as a bootstrapped venture. We also see Nazara’s participation as a valuable boost to the ambition of creating a global fantasy sports company,” said Shubhankar Bhattacharya, venture partner, Kae Capital.

Bangalore-based HalaPlay uses data analytics and machine learning to help gamers draft teams, analyse their playing behaviour and enable them to improve their fantasy skills and earn money.

In July, Kae Capital backed Bangalore-based gaming startup Hypernova Interactive and Nazara invested in Moong Labs, a developer of 3D cricket simulation games in August 2016.

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