Shown Above: Brain Acton, Co-founder, Whatsapp
Fundingwire is your quick summary of notable investments made in the technology space. The firms which have recently raised investment include Track N Tell, Purplle and Crofarm
Gurgaon based Trak N Tell, a car tracking solution startup, has raised an undisclosed sum of funding from a group of investors, led by WhatsApp Cofounder Brian Acton. The company will use the fund to expand its presence across the country, scaling up its research and development, as well as for marketing.
Founded in 2007, Trak N Tell provides sophisticated vehicle telematics solutions, which claims to allow for predictive engine failure, preventive maintenance notification and fuel monitoring system. Read More
IvyCap Ventures backed Purplle, an online marketplace for beauty products, spa and salon services, raises $6 million in Series B round. The startup plans to use a part of the capital to set up a warehouse in Bengaluru to serve the Southern market. The platform will grow its beauty services business in the spa and salon category which is currently available in 12 cities. Read More
Mukul Singhal and Rohit Jain, former SAIF Partners principals, along with a couple of angels have invested about $1.5 million seed fund in Crofarm. Crofarm is a brainchild of serial entrepreneurs Varun Khurana and Prashant Jain. The duo previously sold MyGreenbox to Softbank funded Grofers. Launched in April 2016, the company wants to change the way businesses procure the agricultural produce by essentially weeding out intermediaries. Read More
Image Source: Whatsapp