Bengaluru-based financial technology start-up Finomena has raised an undisclosed amount in funding from US-based private equity firm Matrix Partners, Kaushal Aggarwal, managing director and co-founder of Avendus, and Harshvardhan Chamria of Magma Fincorp, along with other leading entrepreneurs and angels. The company, founded in 2015 by Riddhi Mittal and Abhishek Garg, determines creditworthiness of individuals using a combination of big data and finance.
Food delivery company Cookaroo raises angel funds
Bengaluru-based food delivery company Cookaroo Food Networks Pvt. Ltd raised an undisclosed amount in funding from angel (individual) investors Vijay Krishna Yadav of Highland Hospitalities and Sachindra Murugesh, vice president of business development at Cookaroo.
The company, founded in 2014 by Darshan Subash and Eraj Hassan, is looking to use the funds to develop technology and to scale operations across Bengaluru and Hyderabad. Currently, the company operates on a gross margin of 21.5%, and processes close to 200 orders per day and has 15 operational commercial kitchens
Dunzo raises $650,000 from Aspada, Blume and others
Bengaluru-based start-up Dunzo Digital Pvt. Ltd, which creates direct market linkages between small merchants and consumers, has raised a $650,000 round of funding from Aspada and Blume Ventures, along with angel investors, including Rajan Anandan, vice president and managing director of Google, South East Asia and India and Sandipan Chattopadhyay. Ankur Aggarwal, Dalvir Suri, Mukund Jha and Kabeer Biswas founded the company in 2015 that has a monthly run rate of 10,000 tasks.
KartRocket raises $2 million from Japanese investor
BigFoot Retail Solutions Pvt. Ltd, which owns and operates e-commerce-enabling solutions provider KartRocket, raised $2 million from an undisclosed Japanese investor, in addition to $6 million it raised in January to close the round. The funds will be used to further strengthen its mobile-first online-to-offline marketplace, Kraftly that has over 15,000 shops and claims to be adding over 17,000 listings per day.