India Funding Roundup: MobiKwik, Intelligent Interfaces, Bumper, Town Essentials, Hubhopper
Former Housing.com CEO Rahul Yadav will be ending the year on a high note, with funding support from cricketer Yuvraj Singh, who will be backing his e-governance startup. Funding activity seems to have trickled down during the holiday season, centred around online grocery, car care, mobile wallets, and social networks.
Cricketer Yuvraj Singh has invested an undisclosed amount in former Housing.com CEO Rahul Yadav’s new e-governance startup Intelligent Interfaces. “Proud to back Rahul Yadav and Intelligent Interfaces (ii) in helping the Government govern 100x better with the help of technology. Get ready for the (r)evolution!” Singh wrote in a Facebook post on Wednesday. Intelligent Interfaces had previously received the backing of Flipkart founders Sachin Bansal and Binny Bansal a fortnight ago.
Gurgaon-based mobile wallet provider MobiKwik has reportedly raised an additional Rs. 44 crores in a mix of debt and equity from existing investors, Sequoia Capital and Tree Line Asia. The latest tranche is part of the company’s Series B round, following a $25 million (roughly Rs. 165 crores) investment in April this year.
Bengaluru-based Bumper, which provides car care services through its mobile app has reportedly raised $500,000 (roughly Rs. 1.9 crores) in seed funding in an investment round led by SAIF Partners. Founded in 2015 by Akhil Gupta, Rahul Bendre, Ashis Nayak, and Kshitij Saxena, Bumper’s app has an overall rating of 4.2 stars, with over 10,000 downloads on Google Play.
Bengaluru based online grocery startup Town Essentials, has reportedly raised $1 million (roughly Rs 6.7 crores) in a fresh round of angel funding. The company has reportedly launched a platform called Morning Drop that will deliver products like milk, bread, and eggs on a subscription basis.
Delhi based user-adaptive social network Hubhopper, which calls itself the happiest place on the Web, has reportedly raised an undisclosed amount of funding. Founded by Gautam Anand in 2015, Hubhopper’s feed curates music according to genres, and lets users dictate what activities and interests they want to see in their feed.