India Dealbook: VivoCarat, Tiyo & Events High raise funding

The latest in the deals space in India has seen Jewellery e-tailer, health-tech startup Tiyo and events marketplace Events High all raised funding in separate deals.

Online jewellery marketplace VivoCarat secures $50k seed funding

VivoCarat, an online jewellery marketplace, has secured $50,000 in seed funding from a group of individual investors, the company said in a statement.

The names of the investors were not disclosed.

VivoCarat which was founded early this year by Ritesh Oza and Abhijith Shetty, will use the money for product development, team building, and marketing.

“Each product at VivoCarat is listed into collections considering the needs of the customers and sourced from group of handpicked jewelers renowned for their design excellence and aesthetics. We add a minimum of 100-150 new designs on the site every month and will continue to bring more varieties for customers across the country. VivoCarat has successfully managed to join hands with more than 30 reputed brands across Mumbai & other cities like Jaipur, Surat, Kolkata and New Delhi,” said Ritesh Oza.

Heathtech firm Tiyo gets second round of seed funding

Healthtech startup, Tiyo, run by Labsense Technology Services, has raised an undisclosed amount in its second round of seed funding led by existing investor Ajith Nair, CEO of I-Adepto Global.

The startup was founded in May 2015 by Rana Dutta, Sandip Bodak and Sunil Mishra. It assists patients to connect with healthcare services and practitioners across India through its web and mobile platform.

The Kolkata-based company will use the funding for strengthening its development team, developing patient care technology and consolidating sales effort.

Currently, it provides its services in six cities and plans to launch in Delhi by 2017.

In June, Toyo had raised $120,000 in seed funding from Anish K and Ajith Nair.

Bangalore-based Events High receives funding from Axilor Ventures

Events High, a Bangalore-based events marketplace, has received an undisclosed amount of funding from Axilor Ventures, the company said in a statement.

Events High, an events & activities marketplace that brings all activities at one place and enables users to make bookings personalised to their interests, location, and social circle, was started in 2014.

“The fascinating thing about event marketplaces is that these are transitioning into communities and thriving ecosystems. Events High is unique as it is more than a listing platform. Being deep tech-enabled, it has the potential to change the way events are consumed by users,” said Kris Gopalakrishnan, Chairman, Axilor Ventures.

Events High which is run by Nuta Technologies Pvt Ltd, will use the funding to expand its organiser base and enhance user experience on its platform.

At the same time, Abhishek Shrivastava, a former Google executive, will join Events High as co-founder and product head.

Also Read:

Healthtech firm Tiyo receives $120k angel funding

India: Axilor Ventures plans to invest in 15 startups this financial year

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