Funding roundup: More than $60 million invested via 8 deals last week
Funding roundup Feb 14 - 22, 2014:
iTraveller.com has raised $1 million funding from ah! Ventures’ investment network. The travel marketplace startup is founded by Shiju Radhakrishnan, Sanjay Kumar, Chitra Parija and Nisanth Kumar back in 2011 in Kochi.
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News in Shorts has raised about INR 25 Cr in Series A funding led by Tiger Global with participation from Rebright Partners of Japan and existing investors Flipkart Founders Sachin and Binny Bansal. News in Shorts summarizes news in 60 words or less, the startup was founded by Azhar Iqubal, Anunay Arunav of IIT Delhi, and Deepit Purkayastha of IIT Kharagpur in 2013. News in Short has raised their seed round back in June 2014.
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NextGen PMS Pvt. Ltd. has raised an undisclosed amount of funding from Mumbai Angels and a group investors in India and Silicon Valley. redBus Founder Phanindra Sama has led the deal for Mumbai Angels and will join the Board of NextGen. NextGen is a Bangalore-based technology enabled CSR & Sustainability Management startup.
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Wooplr has raised Series A funding round of $5 million led by Helion Ventures. Following the fund infusion Rahul Chandra, Co-founder and Managing Director, Helion Ventures, will join Wooplr’s Board of Directors. Wooplr is hyper-local fashion discovery app founded by four ex-McAfee employees Arjun Zacharia (CEO), Praveen Rajaretnam (CMO), Soumen Sarkar (CTO) and Ankit Sabharwal (CPO) in March 2011.
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Stayzilla.com has raised a $20 million series B round of funding from Nexus Capital and existing investor Matrix Partner. Stayzilla.com was founded by Yogendra Vasupal back 2006. Chennai-based online accommodation bookings marketplace is a fast growing player in India’s travel ecosystem. The funds will be used to expand to new cities, as the company aims to tap newer destinations to reach 8000 towns and 50,000 accommodations by the end of the year.
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Social curation tool for products Klip.in has raised fresh round of funding from Calcutta Angels and its existing Angel investor group at Venture Nursery Angels and Mumbai Angels, few individual investors have also participated in the round. Klip platform aggregates all the products and simplifies the product discovery process by curating it based on their social connections and recommendations.
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In a bid to become a prominent player in online fashion business, Snapdeal has snapped Exclusively but the acquisition size was not disclosed. Back in November 2012, Exclusively.com had raised over $18 million in funding from Accel Partners and Helion Partners.
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According to media reports, Godrej Nature’s Basket has acquired online grocery store, Ekstop.com, with a deal estimated to be around Rs.30-40 crore.