Our latest funding roundup compiles investments in e-commerce and logistics, sports aggregators, prescription delivery services, and alumni networking.
Bengaluru-based warehouse automation startup Ark Robot, winner of the Qprize Make in India contest, has secured $350,000 (roughly Rs. 2.3 crores) in equity funding from Qualcomm Ventures on Thursday.
Startup research platform Tracxn has raised an undisclosed sum in angel funding from Japanese investor Teruhide Sato; former UIDAI chairman Nandan Nilekani; former Infosys CFO Mohandas Pai; WhatsApp's Neeraj Arora; Junglee Co-Founder Anand Rajaraman; Founder and CEO of Freshdesk, Girish Mathrubootham, and Aneesh Reddy, Co-Founder and CEO of Capillary Technologies. Founded in 2013, Tracxn said that it has grown its customer base by over 400 percent, with a client base spread across 20 countries.
Bengaluru-based playground and training aggregator OyePlay has reportedly secured an undislosed sum of funding from Zaikenn Management Services. Founded in July 2015, OyePlay lists playgrounds and trainers in five metro cities.
IIM Ahmedabad incubated alumni networking portal AlmaConnect has reportedly raised an angel funding from Mohandas Pai and Varun Aggarwal. Founded in 2011 by Rubish Gupta and Swapnil Khandelwal, the portal hosts 2000 alumni networks from 200 institutes.
E-commerce logistics solutions provider Xpressbees has reportedly has reportedly raised Rs. 85 crores in funding from existing investors SAIF Partners, IDG Ventures India, NEA, Vertex Ventures, and Valiant Capital. Xpressbees provides e-commerce companies services like same day delivery, cash on delivery, shipment pickup from vendors, first-mile delivery, and reverse logistics.
Medicine buying platform CareOnGo has reportedly raised $300,000 (roughly Rs. 2 crores) in seed funding from a consortium of investors. The Delhi-based startup was founded in 2015 by Yogesh Agarwal and Aditya Kandoi, and currently delivers prescription and OTC medicines through its website, app, and via WhatsApp in Bengaluru, Delhi, Noida, and Gurgaon on cash on delivery basis.