India Funding Roundup: Capillary Technologies, Luxury Hues, StyleCracker, TOFlo, iamWire, HolaChef

Capillary Technologies
Bengaluru-based software firm Capillary Technologies has raised $45 million (roughly Rs. 300 crores) led by New York-based private equity firm Warburg Pincus, ET reported. The report further states that the company has used a significant portion of the funding to acquire Hyderabad-based digital e-commerce solution provider MartJack and machine learning startup Ruaha Labs, other than a minority stake in Chennai-based CloudCherry, a customer satisfaction management firm.

Luxury Hues
Reliance Capital and a Singapore-based partner have made a strategic investment in Gurgaon-based LuxuryHues, a marketing consultancy and shopping platform for luxury goods. The investment from Anil Ambani-controlled Reliance Capital Ltd was reportedly $903,000 (roughly Rs. 6 crores). The Luxury Hues group owns other entities such as HighStreetLabels, Quintessentially, and operates the India arm of trade group Luxury Marketing Council.

StyleCracker
Mumbai-based online styling platform StyleCracker, that provides personalised styling advice to its users has raised $1 million (roughly Rs. 6.6 crores) from four angel investors its first round of funding. Founded in 2012 by Northwestern University alumnus Dhimaan Shah, the platform has over 100,000 registered users, who can consult a team of expert fashion stylists online, 24 hours a day.

TOFlo
Mumbai-based Toflo Fintech Consulting Pvt Ltd, which claims to be India’s first Fintech funding access platform has raised seed funding, VCCircle reported. The money raised will be used by TOFlo to launch an incubation and funding programme for startups in the financial technology space, which has seen a significant amount of funding activity in recent times.

iamWire
Growthword Digital, the holding company of Gurgaon-based technology media venture iamWire, raised an undisclosed amount in pre-series A round led by Li Tao, Founder, APUS Group, Li Jian, Founder, Draphant Consultants. Founded in 2011 by Abhinav Dinesh, IamWire is focused on news content related to business, technology and culture, and has a Submit your startup page. The funding news follows the recent investment in Bengaluru-based Yourstory.com.

HolaChef
Ratan Tata has made a personal investment of an undisclosed amount in Mumbai-based food-tech startup, Holachef. Launched in September 2014 by Saurabh Saxena and Anil Gelra, Holachef offers a web platform and an app, where users can browse through dishes, place online orders for home delivery. Food deliveries are made at a time slot pre-selected by the customer. Holachef is available in Mumbai and Pune, and works on Cash on Delivery.

 

 

 

 

 

 

 

 

 

 

 

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