India investment Roundup: Mech Mocha, Shotang,, MobieFit, LafaLafa

India Funding Roundup: Mech Mocha, Shotang,, MobieFit, LafaLafa

After raising over $30 million remaining week, Blume Ventures announced Wednesday its contemporaryfunding in a sport improvement studio. Our modern day investment roundup covers investments in startups engaged in B2B e-trade, AI, mobile fitness apps, in addition to cashback and coupons aggregation.

Mech Mocha
As pronounced earlier, Bengaluru-based totally sport improvement studio Mech Mocha has raised an undisclosed amount of seed investment from e-commerce essential Flipkart and early stage investor Blume Ventures. Arpit Agarwal, important at Blume Ventures advised devices 360 that Flipkart had invested a low double digit determine in the organisation. industry resources peg the deal to be inside the variety of $300,000 (kind of Rs. 1.nine crores) to $500,000 (roughly Rs. 3.3 crores).

Shotang, a B2B stock e-commerce market operated by using Bengaluru-based totally Sabonka Tecnologies Pvt Ltd, has reportedly raised $5 million (more or less Rs. 33 crores) in collection A investmentfrom Exfinity task companions and Unitus effect Livelihoods Fund. founded in 2013 with the aid of Anish Basu Roy and Anterpreet Singh, Shotang is reportedly energetic in metro cities, with three,000 outletstransacting each week on the platform.
Mumbai-primarily based AI startup has reportedly raised $750,000 (kind of Rs. 5 crores) in its pre-collection A spherical of funding from YourNest Angel Fund and VentureNursery members. founded byIIT Mumbai researchers Vinay Kumar Sankarapu and Deekshith Marla, offers deep gaining knowledge of algorithms for builders to build sensible AI structures.

Goa-based cellular fitness startup MobieFit has reportedly raised MobieFit $1 million (kind of Rs. 6.6 crores) in a strategic investment from Bengaluru-primarily based Medi assist. based through Gourav Jaswal and Gul Panag, Mobiefit offers an app known as FirstRun for aspiring marathon runners for Android, and has registered over 50,000 downloads on Google Play.

Cashback and coupons aggregator LafaLafa has reportedly raised an undisclosed amount in its seed roundfrom Hong Kong-primarily based undertaking capital firm Vectr Ventures. based in April 2015 by usingYosha Gupta, the startup has seen over 550,000 downloads because the release of its services.

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Tags: AI, Apps,, B2B E commerce, Cashback, Coupons Aggregation, funding, India, net,investment, LafaLafa, Mech Mocha, MobieFit, mobile health, Shotang, Startups

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