Start-up fundings down South in October 16

Start-up fundings down South in October 16

Posted by Naveen on November 1st 2016

Internet-based TV streaming service provider YuppTV secured $50 Mn in a Series B round of funding led by Emerald Media for a minority stake in the company. The growth capital will enable YuppTV to further expand its global footprint, content library through original productions and acquisitions, and rapidly grow its paid subscriber base globally.
 
A Dallas-based healthtech startup DocSynk raised $1 Mn in a Seed round of Funding. The investment was led by Hyderabad-based Naya Ventures.
 
Google Southeast Asia and India’s Vice President Rajan Anandan invested an undisclosed amount in women’s health tracker app Maya. The funding will be used to enhance the user experience, product development and in expanding its user base in India.
 
Hyderabad-based private institutional lender to the education sector, Indian School Finance Company (ISFC) raised $6 Mn in Series A funding from social venture capital firm Gray Matters Capital. The company will use the newly raised funds to increase its loan amount size and reach out to more borrowers.
 
Bengaluru-based startup Postman, which offers a platform for teams developing APIs, secured $7 Mn in Series A funding from Nexus Venture Partners. In February 2016, the Postman co-founders were among the 45 Indians and Indian-origin people that made the Forbes’ annual list of achievers under the age of 30 across varied fields.
 
KredX ,a Bengaluru-based invoice-discounting platform raised about $6 Mn (INR 40 Cr) Series A funding, led by Sequoia Capital India along with existing backer, early-stage investment firm Prime Venture Partners. The startup will utilise the funding to strengthen its technology, data, and sales functions within the company.
 
Another Bengaluru-based startup Ather Energy raised about $27 Mn (INR 180 Cr) investment from Hero MotoCorp for 26%-30% stake. The latest funding will be utilised to sustain momentum in its journey of building a future-ready product platform, and to accelerate the infrastructure and ecosystem development around electric vehicles in the count.
 
Idea Bubbles,a Bengaluru-based healthtech startup Idea Bubbles secured $700K (INR 4.5 Cr) in equity financing from 1Crowd, a crowdfunding ecosystem for startups, Eureka Forbes Ltd, and Shapoorji Pallonji & Co. Ltd. The funding will be used to scale its operations on doctor-patient and doctor-pharma networks.(Source Inc42)
 
As part of the Indus Entrepreneurs (TiE) 2016 conference it witnessed seed-funding worth `33 crore for five startups in the country. The first day of the TiE-ISB Connect 2016, saw two startups getting a total funding of Rs 1.25 crore. 
 
Hyderabad-based Stumagz which offers a digital platform for college students to share their stories raised Rs 75 lakh.
While another Hyderabad based startup, ChitMonks raised Rs 50lakh. ChitMonks promotes chit funds of registered chit fund companies and also helps users calculate returns. 

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