Nuvepro, a managed cloud environment solutions provider has raised $400K investment led by 1Crowd and its investor community. The investment will be used to deepen their R&D efforts and continue to expand into the worldwide market.

1Crowd is a unique angel investment platform focused on early stage ventures. It has more than 500 investors, 50 mentors and has made over 12 investments since March 2016. With the funds, the company will be able to leverage 1Crowd’s ecosystem of mentors, industry connects and investor community to benefit from strategic to operational support.

As part of the managed cloud environment solution, Nuvepro delivers ready-to-use infrastructure and applications on a single or multiple clouds, automates the resource provisioning, manages cloud resources & spend, ensures governance and compliance of cloud usage, integrates with your existing tools. All of this is done through a single-source self-service portal. The platform ensures that CIOs have complete control over resources, hierarchy, and subscription management. The embedded analytics provides insights that will help CIOs to track the cloud usage, optimize the resources and cut costs by over 50%.

Giridhar LV, CEO, Nuvepro said

80% of enterprises are using the cloud. However, the CIOs are still finding it challenging to increase the cloud adoption and utilization. The returns on their cloud investments are far from realized. Nuvepro was founded with a singular vision to make the cloud work, help CIOs make the most of their cloud investments and enable them to take the competitive-edge. We do it by taking complete ownership through managed cloud environment so that CIOs don’t need to worry about provisioning, governance, security, skill building, shadow IT and managing multiple clouds.

Anup Kuruvilla, Co-Founder of 1Crowd, said

Along with a well-respected, experienced and dedicated team, Nuvepro addresses key modern day challenge of cloud adoption. Microsoft Azure and Amazon web services have made strong strides in moving resources to the cloud and making the value proposition for enterprises attractive. We believe Nuvepro would be able to form a crucial bridge between enterprises and cloud providers by driving faster adoption. The underlying business model of providing ready to use cloud infrastructure available on a subscription or pay per go basis is also a strong pull for enterprises.

Janakiraman, Chairman, Nuvepro said

The debate on cloud is over. The focus now is to improve the cloud adoption and utilization. 1Crowd’s trust and investment in this vision gives us extra push to enable more CIOs to realize the true benefits of the cloud.

The startup was founded in 2014 by Janakiraman S, Giridhar LV, Umesh Bhatt, Moyukh Goswami and Rajesh Vasudevan, all having significant years of professional experience.

About Nuvepro

Nuvepro enables organizations to improve the cloud adoption and utilization. They do it through ‘managed cloud environment solution’ where we take complete ownership in providing ready-to-use infrastructure and applications on any cloud, automating the resource provisioning, managing cloud resources & spend, and ensuring governance and compliance of cloud usage. For more information, please visit Nuvepro

About 1Crowd

1Crowd is a unique angel investment platform focused on investing in early stage ventures. 1Crowd and its investor community has made 12 investments since last year. 1Crowd has close to 500 investors on board and over 50 eminent people as mentors. For more information, please visit 1Crowd

Noida based startup, AHA Taxis [a division of WAAH Taxis Pvt Ltd], India’s leading online aggregator for outstation travel, raised an undisclosed amount in Pre-Series A funding from ah! Ventures and Lead Angels Network. The company plans to use the funding to expand its reach to newer geographies, and further strengthen the operations and service offering to customers.

The  IIT-IIM team led venture, AHA Taxis is set out to make inter-city travel easy, convenient and enable a user to save 40~50% on outstation taxis in over 350 cities across India, with 24*7 availability on mobile and web.

Amit Grover, Founder of AHA Taxis said

Three years back, we set out to solve a uniquely Indian problem of affordable and available outstation taxis. I am proud to have built a solution which caters to thousands of customers and drivers every day. Our investors’ show of confidence in our approach, despite the presence of biggies like Ola/Uber, is a big positive.

Traditionally, inter-city taxi operators charge a return fare from customers even for one-way trips, as they are not assured of passengers on the return journey. AHA Taxis addresses the issue of double fare charges for outstation taxi travel by integrating technology, marketing and operational efficiency, leading to a highly viable alternative to trains and buses.

Giving an investors’ perspective, Harshad Lahoti, Founding Partner & CEO of ah! Ventures, said

Since ah! Ventures’ seed round investment in AHA Taxi, the company has grown over 10X to 1,000 cities and 10,000 routes. Besides, despite the immense competition through applications such as Ola and Uber, AHA Taxi has created their own space and doing consistently well in maintaining the set standards and providing satisfaction to their customers. The positive reactions from their customers is a clear indication that AHA Taxi is on the right track and will create their own niche space in the near future. We are positive of their service offering & technology and also of their ability to create significant shareholder value.

In 2015, AHA Taxi had raised an undisclosed amount in seed funding from ah! Ventures platform. Besides ah! Ventures now backing them again in the current Pre Series-A round, more new investors from Lead Angels Network have also participated.

Sushanto Mitra, Founder – Lead Angels Network, said

The estimated $12B market of inter-city taxi services market has seen many causalities, however, with their focus on unit economics and frugal operations AHA Taxi has ensured its place in this high potential market.

Post it’s seed funding round in 2015, AHA Taxis has grown 10X on key metrics and already achieved operational break-even on monthly basis. Its taxi network today covers far-flung areas including Haldwani, Kasol, Kharagpur, Rameswaram, Somnath apart from all metros. AHA Taxis has developed key technologies for automatic driver allocation, auto-pricing, vehicle tracking, number masking and all of this has been done by its in-house technology team.

Bengaluru based home maintenance services start-up, Gapoon Online Consumer Services Pvt. Ltd, has raised USD 250,000 in a Pre-Series-A round. The investment is led by Vida Ventures and other independent and seasoned investors including Snehal Mantri, Anshu Bahadur, Partner at Cognizant and angel investors from their previous round Pankaj Kapoor, Director at one of the leading investment banks and Chandrasekhar BV, a veteran in the telecom industry.

Founded in 2015 by IIT Kanpur graduates Apoorva Mishra, Ankita Asai, Ankit Bindal and Nikhil Gupta from IIT Delhi, Gapoon is a one-stop shop for maintenance services. The company has pioneered subscription packages offering annual maintenance cover for homes & businesses resulting in long term partnerships with house owners, developers, property management aggregators, restaurants & retail outlets. It also operates on an on-demand basis for handymen services like plumbing, electrical, deep cleaning, pest control, mason/civil work, etc.

Founders of Gapoon

Apoorva Mishra, Co-founder and CEO, Gapoon, said,

This investment comes at a crucial point; Gapoon is very close to becoming the first start-up in the industry to achieve net profitability while maintaining the growth targets. The in-house developed, intelligent mapping algorithm and fully automated system has helped us achieve the favourable unit economics and offer superior service quality to our customers. This investment will be used for new initiatives towards product and technology enhancements. In the coming months, we are focused on penetrating deeper into market segments and replicate the success in other cities as well.

While customers [both homes and businesses] avail the benefits of our subscription product, the vendors earn up to 40% higher compared to other aggregators. This model drives a favourable unit economics which is easier to replicate in multiple cities. I believe this win-win-win model for customers, service providers and aggregators in the only way towards sustainable organisation of this market.

Lead investor, Ankit Solanki, Advisor at Vida Ventures, said,

We have always believed in the opportunity in the on-demand and subscription-based services for property maintenance. It was a question of finding the right balance. Gapoon’s technology optimizes all elements of the equation, which are cost of acquiring supply, clients and the cost of servicing clients. This round of investment will enable them to expand their lead in Bengaluru and replicate their model in other demand hotspots across the country.

Apart from the convenience of offering a wide range of services under one umbrella, Gapoon’s key features include its year-long warranty on all services, exceptional service quality owing to proprietary attribute mapping algorithm for vendor allocation, and the exceptional vendor training and loyalty program that drives vendors to give their best.

About Gapoon

Gapoon is a Bengaluru-based startup that operates an on-demand as well as subscription-based model for services such as deep cleaning, electricians, appliances maintenance, plumbing, civil, painting, pest control and carpentry. Gapoon has pioneered maintenance subscription packages in India – Gapoon Maintenance Cover [GMC]. It offers a comprehensive solution to any property with unlimited scope of services, trusted professionals, cashless transactions and yearlong convenience.

 

You have a path-breaking idea and willing to quit your job to start-up on your own, great! But depending on the idea and the market that you are targeting e.g. mobile, software, IOT, etc. you need to figure out whether you need to look out for external/institutional funding or continue being a bootstrapped startup [on the lines that you at least have an MVP ready]. If you are a hardware startup, you might also think of starting a Kickstarter campaign.

Wrike, a project management software products platform that is used by high-performance teams has come up with a very informative infographic titled 7 Ways to fund your startup. We liked the overall presentation due to which it can be an informative guide for a newbie entrepreneur or for someone who is willing to take their startup to the next phase.

7 Ways to Fund Your Startup
Infographic brought to you by Wrike project management software products

Do leave your feedback in the comments section…

Bengaluru based Datasigns Technologies has raised USD 1.5 million Pre-Series A funding from SRI Capital, Beenext and Pravega. Datasigns Technologies, founded by Monish Anand, Rahul Sekar, Anand Barua and Tushar Patel, had earlier raised an undisclosed amount of angel funding from Sanjai Vohra [former MD of JP Morgan], V. Bunty Bohra [Managing Director and India CEO of Goldman Sachs] and Peeyush Misra [Ex- Partner and MD at Goldman Sachs].

Image Source – Fund Raising

SRI Capital’s portfolio includes Fab Hotels, Healthify and Yellow Dig among others, Beenext has invested in – Droom, Citrus pay, No Broker, Faasos and Pravega Ventures has invested in Crofarm – an agri-tech company, Innovaccer – big data platform for enterprises.

Datasigns Technologies is a mobile first lending platform, which lends via their android application called Shubh Loans. Shubh Loans is a vernacular language app which builds a proprietary credit score and report for loan applicants, thereby helping them understand their credit standing holistically.

Sashi Reddi, Founder & Managing Partner of SRI Capital said

Proud to back a rockstar team, led by Monish Anand, in the consumer lending space in India. Many massive companies are going to be built in this space, finally being able to lend to the next 200 million consumers—Shubh Loans will be one of them.

Shubh Loans score is dynamic and changes with applicant’s financial and non- financial behaviour. Using the Shubh Loans app, users can apply for a loan of up to 2 Lacs with maximum 2 years tenure. Datasigns has partnered with multiple banks and NBFCs, helping them in building their loans books.

Monish Anand, Founder & CEO of Shubh Loans stated

We are excited to have these great investors on board, at the same time we are even more determined to stay disciplined and execute our plan well.

Rahul Sekar, Co-Founder & Chief Data Scientist said

The lending business in the country is at an inflection point, our focus is on creative and responsible use of data to bring financial literacy and credit to people who deserve it the most.

Shubh Loans takes pride in its aim to democratise credit by making it available to all and believes that an unserved customer doesn’t make for an unservable one. Shubh Loans has set its sight on bringing over 10 lacs people into the formal banking system as part of its mission 2020.There are currently growing at 50% month on month and have tied up with over 9 lending institutions.

Kings Learning, a technology-driven spoken English learning startup, has raised USD 2.5 million in funding from Michael & Susan Dell Foundation, together with other US based tech investors. The organization aims to address the employability issue in India amongst underserved youth owing to poor English language and communication skills, through offline, online and blended delivery channels.

Image Source – 1, 2

Enguru, Kings Learning’s mobile-based spoken English app, allows users to self-learn both general spoken English and employability-focused conversational English.  It also allows users to learn English in their native language and currently supports 28 different languages. The app has been downloaded about 2 million times till date, and is currently being used to improve spoken English skills by more than 120,000 active users monthly. The app’s platform is adaptive & gamified with real time assessments, which makes it easier for not just individuals but also corporates to use it for their employee training modules.

Arshan Vakil, Co-Founder and CEO, Kings Learning, said

Our goal is to leverage innovative technology and creative content to deliver high quality and engaging English education to all. We are excited to partner with our investors as we move into the next phase of our growth which will primarily be focused on scaling up our offerings like Enguru, strengthening our technology and analytics engine and expanding the Kings Learning team.

Prachi Windlass, Education Director, India, Michael & Susan Dell Foundation, said

English has become a ticket to enter the booming knowledge-driven job economy of India, however, few have access to quality English language training. Almost half of the graduates in India, primarily from underprivileged backgrounds, are considered unemployable in most of the sectors due to lack of spoken English skills. Thankfully, mobile internet explosion, supplemented by exemplary work undertaken by technology-driven organizations like Kings Learning, is helping address this problem. We are excited to support Kings Learning’s efforts in their journey ahead.

About Kings Learning

Founded in 2014, Kings Learning is an ed-tech startup aimed at providing employability focused English language & communication skills training through technology products. For more information, please visit Kings Learning and EnGuru App Website

Heathtech startup InformDS Technologies Pvt. Ltd which runs Doxper, has raised seed round of investment of 750K USD led by Vidal Healthcare and GrowX Ventures. Other investors are Capier Investments, Globevestor and angels including a leading onco-surgeon in the country.

Girish Rao, MD of Vidal Healthcare and Siddharth Dhondiyal representing growX ventures have joined the board of directors of Doxper, a company founded by three IIT alumni – Randeep Singh, Shailesh Prithani and Pawan Jain in January 2016

Doxper aims to introduce the most natural way of integrating technology in the national healthcare ecosystem. A big missing piece in healthcare digitization today is doctors’ notes, which do not get captured and recorded digitally anywhere. Present EMR/EHRs are intrusive and clinicians are uncomfortable fiddling with computers or tablets. Moreover, these hamper the natural doctor-patient interaction.

Doxper’s solution combines unique digital pen and coded paper system along with various technology elements powered by data science algorithms to digitize health records on the fly. The solution fits seamlessly into the existing clinical workflow without altering any step of the doctor-patient interaction that leads to its instant acceptance with doctors.

In a span of little over a year, Doxper has gained a lot of traction from some of the best doctors in the country. Over 400 leading physicians and specialists have become users including AIIMS Breast Cancer Clinic, Prashanti Cancer Care Mission, Biocon Foundation, Jain Fertility & Mother Care Hospital, Healthskool, Drishti Eye Center, Southend Fertility & IVF, and others. They are also piloting with many big hospitals today.

Doxper is also one of the elite Solvers at this year’s Solve cohort at MIT, USA. It won SOLVE challenge hosted by MIT. SOLVE is MIT’s initiative for ‘Solving the world’s most pressing challenges through open innovation and partnership’. Doxper’s proposal was shortlisted from an application pool of over 150 globally to pitch at UN HQ in New York in March this year. Doxper not only won the challenge, it received tremendous appreciation at the world stage for its simplistic approach and solution to a bigger problem globally [Source].

Shailesh Prithani, Co-founder and CEO of Doxper said

Capital raised will be deployed to scale up operations and to further enhance technology platform by improving or adding more layers on top of the current stack including machine learning, handwriting recognition and AI for better care outcomes. The vision is to make Doxper the de-facto choice for healthcare digitization in India and other emerging markets.

In a joint statement, Girish Rao and Siddharth Dhondiyal said

Doxper is trying to solve a problem that is inherent and specific to developing countries like India and not blatantly copying what’s applicable in the west and replicating here. Problem of not recording healthcare data in digital format is an expensive one and when solved has benefits of exponential proportions. The simplicity of the solution is the biggest USP of Doxper.

While almost all the computer or tablet based EMRs/EHRs have failed to get any significant traction with doctors, specialists & super specialists, Doxper is receiving momentous attraction from all the doctors and even KOLs as pen and paper resonates with them way more than computers or tablets. What thrilled us was the initial traction Doxper got with institutions like AIIMS and Prashanti Cancer Care. With the help of Biocon Foundation, Doxper reached to the remotest of the corners of the country, in limited resource settings, and captured data without hassles.

Doxper is actively servicing doctors in Delhi/NCR, Jaipur, Pune, Bangalore and Mumbai today. It also remotely supports a few doctors in other cities who are early adopters with keen interest in technology and Doxper’s solution.

About GrowX Ventures

GrowX Ventures is an early-stage investment firm based out of Delhi that works closely with investee firms at both strategic and operational levels to drive scale and success. It has invested in 24 companies since its inception including Mad Street Den, Quandl, Ziploan, Shephertz and Locus. For more information, please visit GrowX Ventures

The digital milkman startup, Doodhwala, has raised an undisclosed amount of funding in its pre-Series A round from investor Tom Varkey, a partner at Stonehill Capital, USA.

The app delivers over 70 varieties of milk while allowing users to shop ad-hoc everything from meat, vegetables, and fruits to shelf-stable items. Since deliveries are between 4 AM~7 AM shoppers receive fresh milk and groceries.

Ebrahim Akbari, Co- Founder, Doodhwala said

Doodhwala is set to digitize the milk delivery system.  We are the first in Bengaluru to provide fresh farm milk directly to houses. We have achieved this using a hybrid delivery model of part time delivery boys and existing doodhwalas who have a milk delivery network.

The infrastructure of fresh milk delivery in India is haphazard despite high demand and a shortage of supply. This gap makes us essential to milk suppliers and creates dependency on our delivery network. Customer acquisition is also very easy and cheap. Customers love the ease of receiving their daily essentials along with milk, and the comfort of getting in touch with their doodhwala.

Founded in 2015, Doodhwala is progressing steadily with over 1,00,000 monthly deliveries.  The startup has expanded operations to Pune while other cities are in its pipeline. The company will be operationally profitable by the end of 2017.

Founders of Doodhwala : Ebrahim Akbari[L], Aakash Agarwal[R]

Tom Varkey, Investor said

Doodhwala has an exceptional approach to the daily needs market. Their unit economics are healthy, as they have an impressive delivery infrastructure with a 25 percent month-on-month growth rate.

By lowering its delivery costs to Rs 3–5, Doodhwala is uniquely positioned in a sector where lots of E-commerce players are struggling. I am excited about our partnership and look forward to seeing this promising company expand.

Doodhwala is soon looking to close its Series A round. The startup will use its current funding to upgrade its technology, further penetrate the market, and grow its team size.

Aakash Agarwal, Co Founder, Doodhwala said

Morning delivery is an efficient model as it’s becoming the answer for consumers to buy products they need daily. We have 80 percent customer retention, and we are expecting the figure to increase in the next few months.

Our subscription model is the magic formula for customer loyalty, predictable income, user information and low inventory. It, additionally, gives customers the assurance that they will have what they need before they need it.

About Doodhwala

Doodhwala is a Bengaluru-based online grocer that is digitizing the traditional doodhwalas.  Doodhwala is the only app in Bengaluru and Pune to deliver fresh farm milk directly to houses. Besides milk the start up offers a variety of groceries, fresh poultry, veggies, fruits and household essentials at MRP. Founded in 2015 by Aakash Agarwal and Ebrahim Akbari, Doodhwala, is present in Bengaluru and Pune. For more details, please visit Doodhwala