Fintech startups MobiKwik, ImpactGuru, education technology firm DataTrained, pharmacy chain Generico, skincare brand Oliva and footwear retailer Flip Flop Hub have secured new rounds of funding, in a spate of startup funding news.
MobiKwik secures $3.4m fresh funding from existing investors
Fintech firm One MobiKwik Systems Pvt. Ltd, which operates MobiKwik, has raised around Rs 24 crore ($3.4 million) in a fresh round of funding led by existing investor Sequoia Capital India, according to media reports quoting regulatory filings. Sequoia led the round through a Rs 15 crore investment, while the remaining funds came from other existing investors South Africa’s Net 1 UEPS Technologies Inc and Japan-based GMO Payment Gateway.
Edtech startup DataTrained gets $1.7m angel investment
Bengaluru-based edtech startup DataTrained has raised its second round of funding of Rs 12 crore ($1.7 million) from three angel investors including Ashish Nadiadwala, Rupesh Sinha and Mithlesh Thakur. The investment, which was made in lieu of 20 per cent stake in the company, will be used by the company to expand to new geographies and to strengthen its product and technology team. The company had earlier raised Rs 4 crore in 2016 from a New York-based industrialist.
ImpactGuru raises funds from Shorooq Investments, angels
Healthcare crowdfunding platform ImpactGuru.com has raised an undisclosed amount of funding from Abu-Dhabi based Shorooq Investments and from some other GCC-based angel investors. Earlier this year, ImpactGuru.com had announced raising a $2-million round co-led by by Apollo Hospitals Group and incubator Venture Catalysts. The startup is looking to partner with private hospitals, clinics, health-tech startups, and NGOs to accelerate its GCC entry and scale its operations.
Generico raises $3m in Series A round
Mumbai-based pharmacy Generico has raised $3 million in a Series A funding from early stage investment firms Tomorrow Capital and Whiteboard Capital, and angel investor Gagan Goyal, according to a report in The Economic Times. The firm currently operates 20 brick-and-mortar pharmacies in Mumbai, and, with this latest funding, it plans to expand to 100 stores in Mumbai, Pune and some cities in Gujarat over the next 10 months. The startup is also eyeing more funding in the next one year, founders Siddharth Gadia and Girish Agarwal told the newspaper.
Oliva secures $1.4m funding
Sreyas Holistic Remedies Pvt. Ltd, which runs a chain of skin- and hair-care clinics under the Oliva brand, has raised Rs 10 crore ($1.4 million), from Entrust Family Office Investment Advisors, which invested on behalf of its clients. According to an official statement, the funding, which is a mix of primary and secondary capital, will help the Hyderabad-based firm to expand and open seven new clinics in the current financial year.
Venture Catalysts backs Flip Flop Hub
Investment firm Venture Catalysts has invested an undisclosed amount of funding in footwear startup Flip Flop Hub. The company retails a wide variety of international flip flop brands, including a number of exclusive ones, through its network of 20 locations spread across the country and online through its website. Venture Catalysts generally invests $250,000–$1 million in early stage startups.