Social Commerce Platform Meesho Raises Funding & Other Startup News That You Need To Know


Listed below are some of the major news of the startup sector, take a look to stay updated:

Meesho gets Rs 77 cr in Series-B round led by Sequoia

Sequoia Capital has led an $11.5-million (about Rs 77-crore) funding round in social commerce platform Meesho, with existing investor SAIF Partners also participating in the latest equity financing round.

Proceeds from the series-B round of funding will be used by the Bengaluru-based company to ramp up its technology platform and to strengthen its employee base across critical functions, such as product, supply, and technology.

Founded by IIT-Delhi alumni Aatrey and Sanjeev Barnwal, Meesho has raised a little over $15 million in funding till date.

IIM-Ahmedabad’s CIIE backs campus recruitment solution provider Reculta

IIM Ahmedabad’s incubator-cum-investor, Centre for Innovation Incubation and Entrepreneurship (CIIE), has invested an undisclosed amount of seed capital in Noida-based placement solutions provider Reculta.

The startup plans to use the funds for expanding its sales team and product development, besides funding its international expansion plans according to Utsav Bhattacharjee, co-founder of Reculta.

Besides Bhattacharjee, an IIM Ahmedabad alumnus, Reculta’s co-founders include Faculty of Management Studies (FMS) graduates Kajal Malik and Vidyarthi Baddireddy. The startup was launched in 2017.


Startup from Madurai to take part in Germany event

Livigro, a Madurai-based startup company has been selected for a German-Indian startup exchange programme to be held in Germany. The company was started just eight months ago and is functioning with a six-member team. It is one among just two shortlisted from India.

Livigro is a mobile app-based medical diagnostic laboratory aggregator, involving the smaller laboratories in tier two and three cities. It was jointly founded by two youngsters including a Madurai-based doctor.

Software-defined radio startup Inntot raises funds

Unicorn India Ventures, an early stage VC fund, has pumped in money into Inntot, a software defined radio startup based in Kerala. It is a seed-funding round, which marks Unicorn India as the first institutional investor in Inntot. This is Unicorn India’s sixth announcement in the State.

Inntot is the only company in India today working on SDR based end to end digital radio receiver software stack that could make digital receiving solutions for home and car audio affordable. 

Today’s Take Away:

Entrepreneurship is fraught with failures and mistakes. It is easy to dream something but to act on it requires a lot of courage and patience. However, it is important to see these failures as stepping stones to success.

As Tom Kelley, Ideo partner says,

“Fail often so you can succeed sooner.”