India Digest: Bharat Bazaar, Remitr, Scandid, Nettlinx, GOQii, World Art Community, Giftxoxo raise funding

India Digest: Bharat Bazaar, Remitr, Scandid, Nettlinx, GOQii, World Art Community, Giftxoxo raise funding

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October 3, 2016:

Online B2B marketplace Bharat Bazaar, global payments platform Remitr, shopping & savings discovery app Scandid, internet services provider Nettlinx, virtual fitness coaching platform GOQii, online marketplace World Art Community and online gifting platform Giftxoxo have raised funding.

Online B2B marketplace Bharat Bazaar receives seed funding

Online B2B fruits and vegetables marketplace Bharat Bazaar has received an undisclosed amount of seed funding from a clutch of investors, the company announced today.

The investors include BeeNext, a Singapore-based early-stage technology fund, TV Mohandas Pai, chairman, Manipal Global Education Services and Aarin Capital) and FreeCharge founders Kunal Shah and Sandeep Tandon besides Rohit Bansal and Kunal Bahl, Snapdeal co-founders; Anupam Mittal, co-founder,; Amit Gupta, co-founder, Inmobi; Tracxn Labs and others.

Mumbai-based White Shadow Technology Pvt. Ltd which runs Bharat Bazaar was founded in July 2015. It is a mobile app that connect buyers and sellers in the wholesale fruits and vegetables supply chain.

Payments startup Remitr raises $1m from Vijay Shekhar Sharma, others

US-headquartered Remitware Payments Inc which runs payments startup Remitr, has raised $1 million seed funding from Paytm founder Vijay Shekhar Sharma.

Other investors like Pravin Gandhi, founder, Seedfund; UAE-based Smart Start Fund; Kunal Shah and Sandeep Tandon of Freecharge; Vishal Gondal, Nasreddine Benaissa, Laurent Nordin, Japan Vyas, Yezdi Lashkari, Nirmal Bhogilal, Singapore Angel Network, Operator VC, Germinators Fund, others also participated in the round, Inc42 reported.

The startup which has an office in Canada and Mumbai also, plans to use the money for product development and expansion.

Scandid receives pre-Series A funding led by 3One4 Capital

Scandid, a shopping and savings discovery app, has received an undisclosed amount in a pre-Series A round led by 3One4 Capital.

According to an Inc42 report, Scandid’s existing investors -Micromax and a few Silicon Valley-based investors also participated in the round.

Pune-based Scandid was launched in 2012. The app allows customers to compare prices of over 30 million products from a network of over 200 retailers.

Hyderabad-based Nettlinx gets $3m from strategic investors

Hyderabad-based internet infrastructure company Nettlinx Ltd has got $3 million funding from The Netherlands-based EXchange Investors NV and Dubai-based TransGlobal FZC.

According to a BSE filing, the company has allotted share warrants on preferential basis to both the investors, and will be working closely with Nettlinx Ltd in its diversification.

Nettlinx Ltd provides a portfolio of internet solutions for data voice and security, to cater to the corporate customer needs. The company was founded in 1999.

Also Read:

Darwinbox raises seed funding from Mohandas Pai’s 3one4 Capital, others

India: Paytm buys edutech startup Edukart in an acqui-hire deal

Ratan Tata invests in virtual fitness coaching platform GOQii

Ratan Tata, chairman emeritus of Tata Sons Ltd, has invested an undisclosed amount in virtual fitness coaching platform GOQii, US-headquartered with offices in Mumbai and China.

“With the recent developments and tie-ups on the platform, the investment from Tata is a testimony to us being a defining player of services in our category making long-term impact in people’s life. We feel honored and it further boosts our confidence to accelerate the pace of our growth. We will ensure that GOQii reaches new heights in the healthcare space in India,” said Vishal Gondal, CEO, GOQii.

Founded in 2013 by Gondal, GOQii provides wearable agnostic app, guidance from global experts, coaching counsel and the ability to support a cause that matter

Gurgaon-based World Art Community raises $200k

Gurgaon-based online marketplace World Art Community has raised $200,000, in its Series A round of funding from existing investors and more, the company said today.

In May 2015, the startup had raised $200k from serial entrepreneur and angel investor Viraj Tyagi and another unnamed investor. It will use the fresh funding automate its online platform and expand to new cities across country and abroad.

The startup enables artists, craftspersons and designers to create their own online stores and sell their creations. It charges 10 per cent commission on every successful transaction through its platform. WorldArtCommunity, run by Inventive Business Promotions Pvt. Ltd, was launched in December 2014 by IIT alumnus Shobhit Arora.

Mahindra Holidays backs online gifting platform Giftxoxo

Giftxoxo, an online gifting platform, has received Rs 3 crore ($450k) from Mahindra Holidays & Resorts India Ltd, according to a BSE disclosure.

The startup has divested 12 per cent stake in the process.

The investment will allow Giftxoxo to curate activities and experiences such as cooking classes, expeditions, among others, for Club Mahindra members.

In June, the startup had acqui-hired BookMyInterest, a marketplace for hobbies and leisure activities.

Also Read:

India: Virtual fitness coaching platform GOQii raises funding from Edelweiss VC arm

Mahindra Holidays divests entire stake in 3 subsidiaries

Tags: 3ONE4 Capital beenext Bharat Bazaar freecharge Giftxoxo GOQii Kunal Shah Mahindra Holidays and Resorts India Ltd Micromax Mohandas Pai Nettlinx Paytm Pravin Gandhi Ratan Tata Remitr Sandeep Tandon Seedfund TV Mohandas Pai Vijay Shekhar Sharma World Art Community

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