Khel Now Raises $500K
Mobile-based social networking platform for sports, Khel Now has raised $500K in funding from Thailand-based Indochine International Co. Ltd. The Delhi-based Khel Now was founded in 2016 by John Lee and Dhruv Ratra. The startup connects sports fans and businesses such as sports marketers, publishers, merchants, academies, clubs, coaches, etc., to one another via location-specific content and social networking.
CRON Systems Raises Pre-Series A Funding
CRON Systems, India’s defence IoT startup, announced that it has raised Pre-Series A funding from India’s premier early stage investor, YourNest. CRON is a deep-tech company that is focused on deploying cutting edge solutions for border security. Some of the solutions have also been adapted for commercial markets. The company has already bagged orders from the Border Security Force (BSF) and the Indian Army to install its’ products to secure the international borders as well as perimeter of sensitive installations like army camps, airports etc.
CRON’s current product line includes integrated intrusion detection and smart fencing solution, comprising laser walls and surveillance drones. The company has recently partnered with an Israeli company to develop automated patrolling rovers and trucks that can help save costly human lives on the borders.
Tyre Express Raises Seed Funding
Enterprise IoT solutions startup Tyre Express has raised an undisclosed amount in Seed round of funding from IvyCamp. Tyre Express is co-founded by an alumni team from SP Jain and Said Business School (University of Oxford).
Tyre Express is working on IoT-based solution for vehicle diagnostics and has developed a platform to track and monitor performance of tyres in real-time for fleet operators. The platform enables a fleet operator to enhance tyre life, improved fuel efficiency, reduce incidence of accidents and improve the overall operational efficiency for the fleet.
Connaizen Raises Pre-Seed Funding
Connaizen, an early stage Fintech startup which analyses transaction data available with bank to create a personalised list of offers for each individual customer has raised Pre-Seed funding from Umang Moondra, an ex-MD of Citigroup Singapore.
Connaizen was founded in 2015 by Nikhil Garg, Sanchit Kapoor and Vikas Bharti and was a part of the Startupbootcamp, Singapore Fintech cohort of 2016. The startup has already tied up with major e-commerce platform and offline retailers, to create personalised offers for all of the bank’s customers.
Wydr Raises Second Round Of Funding
Gurgaon-based Wydr, a mobile B2B marketplace, has successfully raised second round of funding from Bessemer Venture Partners, Stellaris Venture Partners and Jungle Venture Partners. Axis Capital from Singapore has also participated in the round.
Launched in March 2016, Wydr is an app-based marketplace, which connects manufacturers, wholesalers and retailers. They have a wide range of products across categories like fashion, home, automotive & electronics. Retailers can browse and order products, which are then delivered to their location anywhere in India. Product features like Negotiation Tools, Multiple Selling Formats, Smart Network capability, Structured Chat enabled features, Private Marketplace capability, amongst others are designed for the needs of this segment.