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India funding Roundup: MobiKwik, GetMyParking, and more

India Funding Roundup: MobiKwik, GetMyParking, and More

Our today’s funding roundup compiles investments in Indian startups centered on healthcare, cellularwallets, EdTech, car servicing, AI, monetary planning services, in addition to motive force on call for and parking apps.

MobiKwik
cellular wallet issuer MobiKwik Tuesday said it has raised $50 million (approximately Rs. 330 crores) infunding, led by eastern payments company Gateway and Taiwanese chip maker MediaTek. Its currentinvestors which include Sequoia Capital and Treeline Asia additionally participated within the modernspherical of funding. Mobikwik stated that it has 30 million users within the united states and a networkof seventy five,000 retailers.

Prepathon
aggressive examination gaining knowledge of app Prepathon has raised an undisclosed quantity in its pre-collection A spherical from Blume ventures, an early level investment company. The price rangemight be used to feature any other 50 guides to the Prepathon solid, which currently has guides in banking, government, management, and engineering checks. released in August 2015 with the aid ofPaGaLGuY, an schooling and take a look at preparation network, Prepathon has a proprietary featureknown asteach‘ on its app for Android that offers interactive mastering sessions.

active.ai, Affordplan, Indie
Kstart, a startup accelerator run through task capital firm Kalaari Capital has invested $500,000 every in 3startups – active.ai, which provides an AI for economic offerings; Affordplan, which gives financialplanning offerings for scientific remedy; and internet video streaming platform Indee. Kstart will reportedly make seed investments in six to 9 different startups this 12 months, stated Vani Kola, co-founders andmanaging director of Kalaari.

MotoMojo
automobile servicing app Motomojo has raised an undisclosed amount in angel investment from the founders of startup enabler VentesAvenues. The Mumbai-based startup currently offers an Android app toebook automobile offerings for 2 and 4 wheelers, locate help in emergency conditions like a flat tyre orautomobile breakdown, and pickup and drop service in pick out areas.

GetMyParking
Delhi-primarily based Agile Parking answers, creators of GetMyParking, an app that gives actual time parking facts near your destination has reportedly raised Rs. 2.five crores from Chennai Angels. The app ispresently operational in Delhi NCR, with plans to release soon in other Indian cities.

Zuver
Mumbai-based driver on demand carrier Zuver has raised Rs. 1.2 crore in angel investment from Shruth & Smith institution of Bangalore and Pune’s Hermes organization. The startup will reportedly use the price range to make bigger its operations and ramp up the era infrastructure.

Prescribez
ThingsMeet solutions, which owns soon-to-launch healthcare app Prescribez, has reportedly raised an undisclosed amount in seed investment. The app is slated to release in Pune this month, and will allowcustomers to book appointments via the app.

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