91springboard Founders (From left to right: Anuj Pulstya, Pranay Gupta, Deepak Sharma, Anand Vemuri, Varun Chawla)
#Fundingwire is your dose of notable investment announcements in the technology ecosystem. Firms which have recently announced raising fresh investment include 91springboard, Travelyaari, Genext, Funcastic and Innovacer.
India-based co-working space provider 91springboard has raised an undisclosed amount of investment from Khattar Holdings,ThirtyThree Investments and a few angel investors. The investment would be used for growing its presence.
Ever since launching its first location in Delhi in 2013, the firm has expanded its presence in 7 cities with hubs in Delhi, Gurgaon, Noida, Hyderabad, Bangalore, Navi Mumbai and Mumbai. The team claims that each of the hubs is now a profitable business unit and they will be profitable as an organisation as a whole by the end of 2016.
Silicon Valley and Noida based big data startup Innovacer has announced closing $15.6 million in its Series A round led by Westbridge Capital Partners. The round saw participation from angels whose names have not been disclosed.
The company provides big data management, analysis and visualisation solutions to enterprises. It had previously raised $2.5 million with prior investors including 500 Startups, Six Sigma Academy and Start Smart Labs. It was founded in 2010 by Abhinav Shashank, Kanav Hasija and Sandeep Gupta. Read More
Travelyaari, an online bus booking platform, has announced that it has closed its Series B investment round worth $7 million. The round was led by Gujarat Venture Finance Limited (GVFL), Bennett Coleman & Co. Ltd (the Times Group) and saw participation from other investors.
Founded in 2007, by Aurvind Lama, the company brings together bus service providers and travellers on an integrated platform. In addition to its B2C bus ticketing service, the platform offers B2B solutions to nearly 2,000 bus operators through its Bus ERP product called BusCRS. The company claims to be generating business worth $450 million per annum. Read More
Mumbai-based online tutoring platform Genext Students has raised $200,000 from crowdfunding platform 1Crowd. The company provides eLearning material and tutoring services to students.
Founded in 2011 by Ali Asgar Kagzi and Asad Daud, the company had launched its operations in 2013. It claims to have 600,000 users and 700 tutors on its platform. Read More
B2C vernacular podcast aggregation platform Funcastic has raised seed investment from HT Medias startup accelerator called Mediahack and US-based North Base Media.
Delhi-based Funcastic was founded in 2015 by Vivekraj Shah and Surpreet Singh. It offers podcasts across segmenets on its app. Read More