Home Tech Update India Funding Roundup: Rivigo, Ampere, Stage3, Eatfresh, The News Minute

India Funding Roundup: Rivigo, Ampere, Stage3, Eatfresh, The News Minute

by onkar

Early stage technology investor, Blume Ventures, whose investments include Grey Orange Robotics, TaxiForSure, and ZipDial has raised $30 million (roughly Rs. 200 crores) for Fund II from US-based ICONIQ Capital. Our latest funding roundup covers investments in logistics, fashion rentals, electric scooters, news, and food tech startups.

Logistics platform Rivigo has reportedly raised $30 million (roughly Rs. 198 crores) from SAIF Partners and other investors in its Series B round, in a mix of equity and debt financing. The company plans to use the proceeds to ramp up its operations, and scale ten times in the next 12 months.

Infosys co-founder and former CEO Kris Gopalakrishnan has reportedly invested $1.2 million (roughly Rs. 8 crores) in Coimbatore-based Ampere Vehicles, a manufacturer of electric bikes and three wheelers. Founded by Hemalatha Annamalai, the startup saw investments from Tata Sons chairman emeritus Ratan Tata in July this year.

Delhi-based online luxury fashion rental portal Stage3, which lists apparels from leading Indian designers on its platform, has reportedly raised an undisclosed sum of funding. Founded by Sabena Puri and Sanchit Baweja, the startup aims to make high end outfits accessible its members by leveraging technology.

Eatfresh, online platform for chef-made meals announced that it had raised an undisclosed amount of funding from Kalaari Capital. Eatfresh runs on a full-stack business model to ensure high product quality and service levels, said Rajiv Subramanian, Founder and CEO, said on a post on LinkedIn. Launched in August 2015, the startup operates in 15 delivery areas around Bengaluru.

The News Minute
South India focused news content website The News Minute has reportedly raised an undisclosed amount of angel funds from Quintillion Media, the publishers of TheQuint.com. Founded in 2014 by Chitra Subramaniam, Dhanya Rajendran, and Vignesh Vellore, the firm plans to use the funds to hire more reporters and enhance the front-end for low-bandwidth connections.


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