India Digest: Tpot, Play Your Sport, Vahanalytics get funding & Hyd Angels commits $2.2m to 12 startups

Delhi-based food-tech startup Tpot and sports tech firm Play Your Sport have raised funding from Ashish Gupta while Vahanalytics has received money through Venture Catalysts. In addition, Hyderabad Angels has committed Rs 15 crore ($2.2 million) to 12 startups.

Tpot & Play Your Sport receive funding from Ashish Gupta

Delhi-based food-tech startup Tpot has raised an undisclosed amount in seed funding from Ashish Gupta, founder & trustee of Ashoka University and co-founder of Evalueserve.

Tpot will use the money for its expansion plans, it said in a press note.

The startup which specialises in India’s chai-nashta segment, has 20 outlets across Delhi/NCR region and plans to open 30 more by end of this year.

Gupta has also invested an undisclosed amount in sports tech startup Play Your Sport, VCCircle reported.

The startup will use the funding for hiring more people in its team, enhance technology and expand its footprint in the country. Run by Hyderabad-based BSR Sports and Events Pvt Ltd, Play Your Sport is a platform where people can find players, sport clubs, event games and leagues.

Vahanalytics raises funding via Venture Catalysts

Analytics startup Vahanalytics has raised $200,000 through Venture Catalysts, a seed investment and innovation platform, the company said in a press note.

The investment was led by Venture Catalysts’ angels Vikram Lakhotia and Anirudh Damani.

Launched in 2016 by Shivalik Sen, Arun Gandhi, Nikhil Tavora and Someshwar Dash, Mumbai-based Vahanalytics uses smarter data and machine learning technique to make drivers and roads better. It captures real-time data about driving habits and road conditions using smartphones, which is then processed and refined by leveraging the power of Big Data in order to extract useful insights.

Hyderabad Angels to invest $2.2m in 12 start-ups

Hyderabad Angels (HA) has committed to invest Rs 15 crore ($2.2 million) in 12 startups in 2015-16, the angel network said on Monday.

It will invest in sectors like artificial intelligence, augmented reality & virtual reality, data and analytics, Internet of Things, financial technology, education technology, health technology, logistics technology and enterprise software-as-a-service.

HA has backed almost 20 startups with Rs 30 crore till date.

“Since its inception, HA’s network of investors has seen a consistent growth of 20 per cent year-on-year. In the last year we have almost doubled and are currently close to 100 investors including investors from US, Japan and Singapore with around 75 per cent of them being active (at least one or more investment). We expect to be at least 150 investors by end of this year,” said Pradeep Mittal, chairman Hyderabad Angles.

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