The week following the Startup India event has seen the largest investments going to startups specialised in online insurance, B2B distribution, and e-commerce enablement solutions.
Silvan Innovation Labs, a Bengaluru-based company providing home security and automation products, has reportedly raised Rs 3.5 crores from Chennai Angels. The company will focus on offering its services directly to home owners.
Bengaluru-based e-commerce marketing enabler SnapBizz has reportedly bagged around Rs. 48 crores in a fresh round of funding led by Jungle Ventures, Taurus Value Creation, Konly Venture and Blume Ventures. Founded in 2013 by Prem Kumar and Yashwanth Prakash, the startup provides hardware and software solutions for retail stores to set up a Web store, manage stock, and engage customers.
Kanpur-based ShabdaNagari, a Hindi social networking platform has reportedly raised Rs. 1.2 crores in an angel funding round from Kanpur Angels and others. Founded in late 2015 by Amitesh Mishra and Nikhil Tiwari, the startup plans to expand the genres covered on the site and upgrade the user experience.
Citizen engagement platform LocalCircles announced that it has raised an undisclosed sum of funding from Dalmia Group Managing Director Puneet Dalmia, who has become an investor in the company. The funds will be used to enable communities for many more causes and making the existing existing communities available to many more citizens, the company said in an emailed statement.
App-based deals marketplace Little has reportedly raised an undisclosed amount of funding from Singapore-based sovereign wealth fund GIC. Little had raised $50 million in July 2015 from Paytm, SAIF Partners, and Tiger Global, and acquired curated deals portal Trideal in October 2015.
Realty portal Housing.com has raised an additional Rs. 100 crores in funding from Japan-based SoftBank. Housing.com said that it it has 1.7 million verified listings to date received 85 million visits in 2015.
Personal finance app Fisdom has reportedly raised Rs 3.4 crores from a group of angel investors including Taxiforsure co-founders Raghunandan G and Aprameya Radhakrishna, and Commonfloor founder Sumit Jain. The startup will use the funding to build new products and increase the size of its team.
Just Buy Live
Mumbai-based B2B distribution platform Just Buy Live has reportedly secured roughly Rs. 100 crores in its Series A round from Mumbai-based investment firm Alpha Capital Advisors. JustBuy offers apps for Android and iOS to businesses that have a verified and valid business proof.
Noida headquartered Easypolicy, an online platform for comparison and sales of insurance has reportedly raised Rs. 15 crores in a fresh round of funding, led by Unilazer Ventures. The funds will reportedly be used to build its technology platform, enhance its product portfolio, and strengthen its marketing team.