Our compilation of funding activity covers VC investments in a leading online video content creator and software provider for restaurants, apart from seed funding rounds in game development studios, food delivery, and a marketplace for Indian snacks.
The Viral Fever
Tiger Global Management has reportedly invested $10 million (Rs. 68.4 crores) in online video content creator The Viral Fever, the makers of online TV show Pitchers. Tiger Global has reportedly picked up close to 25 percent stake in the firm valuing it at around Rs. 270 crores.
Smartphone gaming platform Gamezop has reportedly bagged $350,000 (roughly Rs. 2.4 crores) in seed funding from a consortium of new and existing investors. Founded in 2015, the Delhi-based startup plans to deploy the funds in building up its technology, distribution alliance, and talent.
TableHero, provider of an intelligent operating system for restaurants and small local businesses, has raised $1 million in seed funding led by growX ventures, with participation from other angel investors. The US and Bengaluru-based startup is reportedly launching its services in the US with a focus on West Coast cities.
Bengaluru-based background verification service provider BetterPlace has reportedly secured Rs. 6.6 crores from Unitus Seed Fund. The startup plans to use the funding for geographical expansion, and develop its analytics.
Ahmedabad-based sweets and snacks delivery startup Salebhai has reportedly secured an undisclosed sum of funding from its own customers to fund its expansion. Founded in 2015, the company plans to go global with its offerings in the future.