Listed below are some of the major news of the startup sector, take a look to stay updated:
PregBuddy announces undisclosed seed funding from Indian Angel Network
Bengaluru-based healthcare startup PregBuddy raised an undisclosed amount in a seed funding round from the Indian Angel Network.
The funding round also saw the participation of Rajan Anandan, an IAN Member and MD at Google India; Madhusudhan Kannan, Chief Business Officer of Uber India and Emerging Markets; Jayant Kadambi, Co-Founder, and Chairman of YuMe and Puneet Gupta, COO (News Business) of Times Internet Limited.
PregBuddy started out as a WhatsApp group and was a peer-to-peer instant reassurance platform for expecting mothers. Today, the platform claims to have seen a traction of over 60,000 users and has been growing organically at 20 percent, month-over-month.
The startup aims to provide personalised care through health experts and doctors, from preconception to the early years of motherhood.
Nandan Nilekani invests $ 2 Million in assisted e-commerce startup ShopX
Bengaluru-based assisted e-commerce startup ShopX, run by 10I Commerce Services, has raised $2 Mn in funding from strategic investor Nandan Nilekani.The startup last raised funding from Nandan Nilekani in 2016 in two tranches. This included an undisclosed amount of funding in June 2016 and $5 Mn funding in December 2016.
ShopX was founded in 2015 by Amit Sharma and Apoorva Jois. It is a technology-led startup launched with an objective to disrupt the traditional retail ecosystem through a differentiated approach.It aims to bring digital commerce access to the 400 Mn middle-income mass market in India.
Logistics startup Cogoport raises Series A funding
Mumbai-based freight logistics startup Cogoport has raised an undisclosed amount of Series A funding from Accel Partners.
The startup plans to use the funding to invest in developing new product and fuel business growth by expanding globally and increase its footprint in the domestic market.
The startup was put together in May 2016 by Purnendu Shekhar, Kunal Rathod, Harsh Kumar and Nishant Dalmia. However, it began its operations in February 2017. It is an online international freight exchange that uses cutting-edge technology to make the most cost-effective match between exporters and importers on one hand and ocean and air freight carriers on the other.
Orkut’s Hello Network in talks to raise funds from Indian investors
Hello Network Inc., the new social network launched by the founder of Orkut, is in talks to raise money from strategic investors in India as the company seeks to establish itself as an alternative to social media platforms such as Facebook, Instagram, and Twitter.
The names of the investors that the company is in discussions with or the quantum of funds it is looking to raise was, however, not disclosed.
Hello Network was launched by Büyükkökten after he left search giant Google in 2014.
Today’s Take Away:
We can’t blame anyone for the financial background we are born into. No one chooses to be born poor. But, we all get that chance in our lives that can help us to make our dreams come true and succeed in life. If we lose out on that opportunity, then we have no one to blame but ourselves.
Dhirubhai Ambani, the founder of Reliance Industries, had said,
“If you’re born poor it’s not your fault but if you die poor it’s your fault.”
