India Funding Roundup: Twigly, Jugnoo, Toppr, Moglix, BeaconsTalk
Gurgaon-based curated food marketplace startup Twigly announced Monday that it had received seed funding from TracxnLabs and angels Amit Gupta, Aloke Bajpai, and Ashish Kumar, as well as partners and employees of SAIF Partners.
Twigly is currently based in Gurgaon, and claims to have a gained a base of over 500 customers during its first month of operations. The startup claims to offer better ingredients and taste than the offline quick service restaurants, at a 20-30 percent lower price point. In an emailed statement, Neha Singh, co-founder of Tracxn said that there will be 15-20 large food tech brands in India providing quality meals to busy Indians.
Chandigarh-based Jugnoo, has reportedly received $10 million (roughly Rs. 65 crores) in funding from Paytm. The company is reportedly in talks with Japan’s SoftBank for possibly a bigger round of fund raise.
Toppr, an online platform for students to prepare for entrance tests, said it has raised $2 million (roughly Rs. 13 crores) from venture-debt provider InnoVen Capital. The platform reportedly has about500,000 enrolments, and plans to use the funds for two acquisitions.
The Singapore and Noida-based startup Moglilabs Pvt Ltd, which runs Moglix, an online marketplace for industrial tools, raised an undisclosed sum in its pre-Series A funding from Accel Partners and Jungle Ventures.
Mumbai-based Proximity marketing firm BeaconsTalk has reportedly raised Rs. 52,00,000 in seed funding. The startup’s ad exchange platform claims to be India’s first IoT sensor (Wifi, BLE, NFC) network and ad-exchange for contextual mobile advertising.