Listed below are some of the major news of the startup sector, take a look to stay updated:
With $10 Mn funding, Headout looks to expand local experiences to 100 cities by 2019
Headout, a US and India-based spontaneous experiences provider has raised $10 Mn in a Series A funding round from Nexus Venture Partners.
Varun Khona, co-founder, and CEO, Headout, reportedly said that the funds will be used for launching services in 100 cities by 2019, expanding the team worldwide and investing in technology to further enable seamless last-minute mobile reservations for local experiences.
Founded in 2014 by Suren Sultania, Varun Khona, and Vikram Jit Singh, Headout is a managed marketplace helping travellers and locals access curated, high-quality local experiences available at the last-minute.
Incubate Fund leads pre-series A funding in Chennai’s e-procurement startup Kobster
Chennai-based B2B e-procurement platform Kobster has raised an undisclosed amount of funding in a Pre-Series A round led by Incubate Fund.
Apart from Incubate Fund, Chandigarh Angel Network, ANME (Angel Network Middle East), and LetsVenture also participated in this funding round.
Kobster was founded by Karthik Ramaiah, Mohan Gayam, and Vineet Neeraj and was also incubated under PayPal’s Start Tank Programme. It is a full-stack company and focuses on end-to-end solutions, including last-mile fulfillment. Kobster also claims to be operationally profitable.
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Artist-focused crowdfunding platform Wishberry bags Rs 10 Cr from Reliance, others
A crowdfunding platform for filmmakers & creative artist, Wishberry has raised Rs 10 crores in Series A funding led by Reliance Big Entertainment, Dr. Sunil Patil, director of Scrabble Entertainment and 3one4 Capital.
One of the rare startups in the niche, Wishberry will use the fresh capital infusion to expand the team. The startup also plans to finance 10 films this year for producing under the crowd-financing model.
The Mumbai-based startup was founded by Priyanka Agarwal and Anshulika Dubey in 2012. It focuses on all sectors, including film, music, theatre, technology and social entrepreneurship.
Today’s Take Away:
It is very important that we dream of a successful future and then plan to work towards it. Without having the dream, nothing can make us strive to be better.
Mohammed Ali had rightly said,
“The man who has no imagination has no wings.”