Jhakaas Technologies, that offers offline vendors a technology platform to sell their goods, has raised Rs 1 crore in seed funding while waste management startup Hasiru Dala has received an undisclosed amount from Ennovent Impact Investment Holding.
Tech startup Jhakaas gets $154k in seed funding
Mumbai-based Jhakaas Technologies, that offers offline vendors a technology platform to sell their goods, has raised Rs 1 crore ($154k) in seed funding from a group of investors, according to a statement.
Investors like Mumbai-based management consultancy firm Stelcore Management Services Pvt Ltd; Malini Patel, country manager, Bloomberg Data Services Pvt Ltd; CP Sanadhya, director at housing finance company India Shelter Finance Pvt Ltd; and Anjani Prasad, managing director at Colour and specialty chemicals company Archroma India participated in the round.
“The company will use the funds primarily to develop integrated IT solutions and enhance merchant awareness. Our aim is to focus on every kilometre that shall provide 300 shops so that both the parties receive 100% satisfaction for their daily requirements,” said Bharat Mandot, co-founder, Jhakaas Technologies.
Hasiru Dala raises funding from Ennovent
Ennovent Impact Investment Holding has invested an undisclosed amount in Bangalore-based waste management services provider Hasiru Dala Innovations Pvt Ltd.
This is the sixth investment by impact investor Ennovent in Hasiru Dala.
Co-founded by Nalini Shekar, Shekar Prabhakar and Marwan Abubaker in 2013 as a non-government organisation, Hasiru Dala wil use the money for its expansion, the company said, in a press note.
The company helps improve the working conditions of thousands of workers in the informal economy, including waste pickers, sorters and itinerant waste buyers.
“The problem of inefficient solid waste management in urban areas can be solved by using technology and formally integrating waste pickers into the city’s solid waste management system,” said Joel Rodrigues, senior manager for finance services at Ennovent.