India Dealbook: KidzByte bags seed funding; Indifi’s Alok Mittal, others back Baxi-Fresh

KidzByte founders Chetan D’Souza and Swagat Salunke

Interactive educational news app for younger readers KidzByte, and micro-delivery startup Baxi-Fresh are among the latest Indian startups to have secured funding.

KidzByte raises seed funding

KidzByte MediaTech Pvt. Ltd., which operates educational news app KidzByte, has raised Rs. 2 crore in seed funding from serial entrepreneur Pranay Goyal.

Founded by marketing and communication professionals, Chetan D’Souza and Swagat Salunke, KidzByte will use the investment primarily towards further scaling its technology, expanding its user base and resources.

KidzByte, which caters to younger readers, has already seen over 20,000 app downloads. The app is updated with daily news from around the globe, across a number of categories like India and world, career & education, science & discovery, and more.

Indifi’s Alok Mittal, others back Baxi-Fresh

Micro-delivery startup Baxi-Fresh has raised Rs 2 crore in a new bridge round from existing investors, including Alok Mittal, founder and CEO of Indifi Technologies, angel investor Nitin Singhal, and Mahendra Pratap, founder of Shiksha Infotech.

The company plans to use the funds to expand and launch its delivery services in 200 residential neighbourhoods in Gurugram and New Delhi region by July this year, it said in a statement.

Baxi-Fresh currently serves homes in 20 sectors in Gurugram and one in Dwarka. The company already has a fleet of 900 part-time bikers.

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