Photo credit: Pixabay.
Produce, art, and gifts – oh, my! Meanwhile, a travel startup bags millions of dollars in its series A round.
Bharat Bazaar
Bharat Bazaar’s founders – (from left) Kedar Gokhale and Saurabh Jain. Photo credit: Bharat Bazaar.
Mumbai-based online fruits and vegetables marketplace Bharat Bazaar has secured seed funding from BeeNext, Global Education Services chairman and Aarin Capital’s Mohandas Pai, and Freecharge founders Kunal Shah and Sandeep Tandon.
Snapdeal’s co-founders Rohit Bansal and Kunal Bahl, Shaadi founder Anupam Mittal, InMobi founder Amit Gupta, and Tracxn Labs also participated, among others.
The funding will be used to increase team size and expand into other Indian cities. The company’s goal is to hit 50,000 active users by the end of this year.
Established in July 2015 by IIT-Bombay engineers Saurabh Jain and Kedar Gokhale, Bharat Bazaar (formerly Truce-True Price) operates a mobile app that helps businesses buy produce. It partners with farmers, local salespeople, wholesalers, bulk buyers, food processing industries, and exporters. It aims to cut out the middlemen involved in fresh produce purchases.
The startup engages buyers in six different Indian states.
World Art Community
Shobhit Arora, founder and CEO of World Art Community. Photo credit: World Art Community.
World Art Community, a Gurgaon-based arts and crafts marketplace, has raised US$200,000 in its series A round of funding from existing investors, among others.
Entrepreneur and angel investor Viraj Tyagi and an unnamed individual invested US$200,000 seed funding into the startup in May last year.
The startup will put the money toward online automation and expanding to new cities inside and outside India.
Launched in December 2014 by IIT grad and former GE employee Shobhit Arora, World Art Community gives artists, crafts makers, and designers space to create their own online stores and sell their products. It makes 10 percent commission on every successful transaction through the site.
Giftxoxo
Photo credit: asenat29.
Mahindra Holidays & Resorts India has taken a 12 percent stake in Bangalore-based Giftxoxo. The deal was valued at US$450,000.
Founded in April 2012 by Sumit Khandelwal, Manoj Aggarwal, Abhishek Kumar, and Kushal Agrawal, Giftxoxo offers gift vouchers that users can redeem for hobbies like hiking and pottery painting. Club Mahindra members will now be able to do activities curated for them by the startup.
In July, Giftxoxo acquired a Bangalore-based hobby and leisure marketplace.
Mystifly
Photo credit: yuran-78 / 123RF.
Travel tech firm Mystifly, which operates air ticketing site MyFareBox, has raised over US$5.1 million in series A funding.
Japanese private equity firm Recruit Holdings led the round and will have a minority stake in the company.
Founded by Bangalore University grad Rajeev Kumar in 2009, Mystifly’s network is comprised of 900 airlines and a supplier network across 70 countries.
We’ve been bringing you cool Indian startups lately. Check them out here.
Converted from Indian rupees. US$1 = INR 66.52
This post 4 rising startups in India – Oct. 3, 2016 appeared first on Tech in Asia.
from Tech in Asia https://www.techinasia.com/4-rising-startups-india-oct-3-2016
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