India: Six mobile app startups raise funds

Photo: Reuters

Six mobile application start-ups incubated at Bangalore-based Mobile10X Apps Hub have raised Rs9 crore in seed funding in last 10 months, said the Internet and Mobile Association of India (IAMAI) in a statement.

Sponsored by the IAMAI, Mobile10X Apps Hub has incubated 35 start-ups in Bangalore and five start-ups in Hyderabad in its one year of operations.

The mobile apps that have raised funding include digitizing car parking app called Zoyo; SpotPlay that allows users to watch videos without Internet connection; travel mobile app Townista; Highway Delite that makes highway commute cashless; an app for transportation called MyOfficeCab; and digital advertising management software AdCamie.

Launched in September 2015, Mobile10X is an incubating program that was launched by industry body IAMAI in association with Google India and payment services provider Paytm. The programme was targeted at training 500,000 engineering students in five years to build Android and iOS apps and create five app incubation centers across the country, Mint had reported in 2015.

Also Read: India: Mobile app Distiman in talks to raise $5m Series A funding

Exclusive: Mobile app Speeds gets funding from Rajasthan Angels ahead of launch

This article was first published on Livemint.com

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.