India Dealbook: TempoGO, MiStay raise funding

Transport tech TempoGO has raised $250k from Javelin Startup-O Victory Fund while online hotel booking company MiStay has received funding from Axilor Ventures and a group of angel investors.

Transport tech TempoGO raises $250k

TempoGO, an Internet of Things (IoT) and SaaS solutions provider for commercial transportation founded in 2015, has raised $250k from Javelin Startup-O Victory Fund.

The company has also got an additional funding from Dubai-based NB Ventures, according to a statement.

TempoGO had secured a $825k seed investment in a round led by Hong Kong-Based K2 Capital in January this year.

Its current client base includes transport firms that operate across an array of sectors, ranging from cold-chain companies and logistics firms to bus or taxi operators.

MiStay gets funding from Axilor Ventures, others

Bangalore-based online hotel booking company MiStay has secured an undisclosed amount of funding from Axilor Ventures and a group of angel investors.

MiStay was founded in 2016 by Sandeep Jaiswal and Pranav Prabhakar. The company allows booking rooms by pack of hours with flexible check-in/ check-out times. Instead of the rigid full day booking (12 noon – 12 noon) being done traditionally, MiStay offers booking based on slots (8 am – 11 am (Morning slot), 12 noon – 7 pm (Day slot), 8 pm – 7 am (Night slot)).

It will use the funds to grow its team, marketing and scaling up operations across India.

MiStay is currently operational in 30 cities with around 400 hotels.

Also Read:

India Dealbook: Playment, TAO Automation raise funding