India Funding Roundup: BigBasket, Scripbox, AgroStar, MassBlurb, VoxWeb

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India Funding Roundup: BigBasket, Scripbox, AgroStar, MassBlurb, VoxWeb

Bengaluru-based online grocery store BigBasket raised $50 million (roughly Rs. 325 crores) in a Series C funding round led by Bessemer Venture Partners at $400 million (roughly Rs. 2,600 crores) valuation, IamWire reported. The company started operations in December 2011, the company has a catalogue of over 14,000 products and 1,000 brands and have operations in Bangalore, Mysore, Mumbai, Hyderabad, Pune, Chennai and Delhi. The company had acquired Delyver in June 2015, and plans to launch one hour delivery through the acquisition.

Bengaluru-based Scripbox, which provides a Web-based platform for customers to invest in mutual funds, has raised $2.4 million (roughly Rs. 16 crores) from Accel Partners and other angel investors. The platform uses quantitative and qualitative algorithms to select a portfolio of four mutual funds every year, and can be linked to the bank account of the user.

AgroStar, a Pune-based m-commerce company that retails seeds, nutrients, crop protection, and hardware products, has raised $4 million (roughly Rs. 24 crores) in its second round of funding led by venture capital firm IDG Ventures India and existing investor Aavishkaar, ET reportedThe Pune-based company, which has operations in Gujarat, Maharashtra, Madhya Pradesh and Rajasthan, lets farmers give a missed call to procure agri-inputs.

Mumbai-based startup MassBlurb, which offers restaurants a cloud-based marketing automation tool has raised an undisclosed amount from LetsVenture and Mumbai Angels, Livemint reported. The firm plans to deploy the funds in product development and to increase its reach in the domestic market, and enter international markets in the next six months. Founded in 2014, MassBlurb lets restaurant managers push information to Zomato, Google, TripAdvisor, Burrp, TimesCity, and JustDial from a single dashboard, and engage users via SMS and email.

Mobile social networking app VoxWeb, which lets users attach a voice clip to pictures taken on their smartphones, has raised $100,000 (roughly Rs. 65,00,000) in its seed round of funding from Jitendra Gupta, the co-founder and managing director of Citrus Pay, iamwire reported. The startup was incubated in IIT Kanpur in 2014 by Yash Mishra, and has apps for iOS and Android. The app has less than a thousand installs on Google Play and an overall rating of 4.5 stars.


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