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India Funding Roundup: BlackBuck, Urban Clap, Chillr, Paynear, Online RTI, and More

India Funding Roundup: BlackBuck, Urban Clap, Chillr, Paynear, Online RTI, and More

B2B logistics startup BlackBuck has raised $25 million (about Rs. 167 crores) in funding in its Series B round from Tiger Global, Apoletto (DST-Yuri Milner's Founders Fund), Accel and Flipkart. The Bengaluru-based startup was founded in April this year by Rajesh Yabaji, Chanakya Hridaya and Ramasubramaniam has team of 200 people and a presence in 40 locations across the country.

Local services marketplace UrbanClap announced on Thursday that Tata Sons chairman emeritus Ratan Tata had invested in its firm. The investment comes after it raised $25M in Series B from SAIF, Accel and Bessemer partners in November 2015.

Hyderabad-based eureQa, a test automation SaaS (software-as-a-service) startup, Friday announced it has raised a seed round of $600,000 (roughly Rs. 4 crores) in funding from Sashi Reddi and Gabriel Investments, a Philadelphia-based venture fund. As a part of the funding, Sashi Reddi, managing partner at SRI Capital, will join eureQa's board. Founded in 2012 as a division of Tripod Technologies by Badri Nittoorand Bari Chittamuri, the company aims to provide an easy to use test automation platform that meets the demands of enterprise application developers working on mobile, social, and cloud based applications.

Sequoia Capital, Blume Ventures, Uniqorn Ventures and other investors have reportedly invested $7 million (roughly Rs. 46.7 crore) in a Series A round in in Mumbai-based Backwater Technologies Pvt Ltd, which runs Chillr, a peer-to-peer money transfer and recharge app.

Hyderabad-based mPOS solutions provider Paynear has reportedly raised $2.5 million (roughly Rs. 16.7 crores) in Pre-Series A funding from Mitesh Majithia. Founded in 2013 by Anil Bharadwaj, Maulik Shah and Priti Shah, the startup reportedly expects to ramp up its merchant base from around 5-10 thousand to one lakh in a year.

Bengaluru-based OnlineRTI, an online platform that lets anyone file an RTI application for Rs. 200, has reportedly raised $150,000 (roughly Rs. 1 crore) in an angel round of funding from LetsVenture, Mohandas Pai, and existing investors. Founded in 2014 by Vinoth Ranganathan, and Vinoth Ranganathan, the startup handles government fees demand drafts, court fee stamps and paperwork, with applications sent via registered or Speed Post.

Online furniture startup Homestudio has reportedly raised $5 million (roughly Rs. 33.4 crores) in seed funding from Bren Corporation. Founded in November 2015, the Bengaluru-headquartered company currently reportedly has 50 employees and plans to expand to all major cities in the next 12-18 months.

Delhi-based ecommerce logistics provider Holisol Logistics has reportedly raised $10 million (roughly Rs. 66.7 crores) in funding from CLSA Capital Partners. Founded in 2009 by Manish Ahuja, Naveen Rawat and Rahul Dogar, the company reportedly plans to use the funds to expand its last mile delivery network, and set up more warehouses.

Written with inputs from PTI


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