Aerostrovilos, an automotive company has raised funding from Mumbai Angels Network. Aerostrovilos Energy is an IIT Madras incubated startup that is building India’s first indigenous Gas Turbine for power generation.

Aerostrovilos is developing a micro Gas turbine as a one-stop solution for vehicles and generators to solve the air pollution problem. Their patented technology brings in extremely low pollutant emissions of NOx, CO and PM.

Rohit Grover, Co-Founder of Aerostrovilos, said

MA has helped us in raising funds seamlessly. With these funds, we plan to complete the full POC of Turbine Generator. Gas Turbines are the future and we are standing at the cusp of creating a revolution where our fuel flexible MGTs will become mainstream replacing the existing DG sets for the backup power.

Kartik Kajaria, Mumbai Angels member sharing his thoughts on this investment, said

Aerostrovilos has true potential to disrupt the heavy vehicles segment provided it utilizes the expertise of the founders and adheres to strict timelines in the development of their game changing TEV technology.

Nandini Mansinghka, Co-promoter and CEO Mumbai Angels Network, commented

Aerostrovilos is building Gas Turbines generators which have the cleanest emissions, and this technology will be indigenized in our country. We are happy to have Aerostrovilos Energy as a part of our portfolio as we see a dynamic shift in the automotive sector.

Crimson Healthcare, a med-tech company has raised a funding of Rs. 1.75 crore from Mumbai Angels Network. Crimson healthcare was founded in 2015 and is headquartered in Delhi. Crimson Healthcare is focused on improving ostomy care.

It aims to improve the lives of ostomates globally who defecate in a bag hanging from their abdomen. Crimson has developed an ostomy management device, SphinX which is a soft and pliable insertable port and provides a safe, secure and discreet solution to stoma management while restoring continence to the patient.

Founded by Pranav Chopra and Neeraj Kumar both alumni of Stanford India Biodesign with an aim to innovate cutting edge solutions for various problems in the healthcare system with advanced engineering and technologies. Crimson is supported by Indo US Science and Technology Forum and the Department of Biotechnology through their Biotechnology Ignition Grant [BIG].

The technology has been developed under the School of International Biodesign, a Department of Biotechnology, Govt. of India supported collaborative programme between All India Institute of Medical Sciences, Indian Institute of Technology-Delhi and International Partners and licensed to Crimson Healthcare by Biotech Consortium India Limited, New Delhi.

Pranav Chopra, co-founder of Crimson Healthcare said

Mumbai Angels Network has been very supportive through the whole process of raising funds. With these funds, we plan to bring about significant changes by expanding our research and taking our product to the market and into the hands of our patients.

Nandini Mansinghka, Co-promoter and CEO Mumbai Angels Network commented

We are delighted to have Crimson Healthcare in our expanding portfolio of healthcare and lifesciences sector. We believe this innovation is definitely going to bring change in the lives of ostomates. We recently launched LifeSciences Vertical, a network within a network for various Pharma/Healthcare companies and start-ups’ from the LifeSciences sector on our Investment Platform.

About Mumbai Angels Network

Started in 2006, Mumbai Angels Network [MA Network] is India’’s premier platform focused on new venture investing. The network is today 450+ members strong, across 9 chapters [Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune, Jaipur and Chennai]. It has a 140+ strong portfolio with 45+ exits and has invested 150+ crores. For more information, please visit Mumbai Angels.

RoomSoom, a co-living and student housing company has raised funding from Mumbai Angels Network. RoomSoom was founded in 2016, headquartered in Noida by Nitin Agrawal and Garima Agrawal.

RoomSoom believes that it’s not into the business of providing houses to those who need it, but into providing living experiences to those who will be delighted by it. Its dynamic growth lies in its ability to quickly identify the needs of a young and demanding population and provide quick solutions that they never thought existed.

Nitin Agrawal, Co-Founder of RoomSoom, said

MA not only helped us raise funds seamlessly but also connected us to its vast network of Investors across cities in India. With these funds, we plan to tap every market, reach every individual, and identify every need. So that we can provide them with a solution they will not find anywhere else.

Anshuman Ranjan, MA Investor shares his thoughts on RoomSoom

From an investor’s perspective RoomSoom had the right ingredients; a scalable and profitable business model, experienced and innovative management, and a resilient business that can recover quickly from the pandemic impact.

About Mumbai Angels Network

Started in 2006, Mumbai Angels Network is India’s premier platform focused on new venture investing. The network is today 450+ members strong, across 9 chapters [Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune, Jaipur and Chennai]. It has a 135+ strong portfolio with 30+ exits and has invested 150+ crores.

NewsBytes [run by Elysium Labs Private Limited], an AI-driven digital media company, has successfully closed the first tranche of its Series A round, led by North Base Media, a global venture capital firm specialized in media.The company will deploy the fresh funds in augmenting its technology.

Founded by Romesh Khaddar, Shikha Chaudhry, and Sumedh Chaudhry, NewsBytes received its early funding by Mumbai Angels Network in 2017 & 18.

Sumedh Chaudhry, Co-Founder, NewsBytes, said

With this capital, we are better positioned to expand our fast-growing audience and develop new technologies that will allow us to serve new clients.the participation by NBM, which has extensive media and media-tech experience globally, together with new investor JITO Angels and the company’s existing investor, Powerhouse Ventures, gives NewsBytes stability at a crucial time.

NewsBytes has developed India’s first and the only AI-driven content engine, YANTRA, which can write factual stories without any human intervention. Notably, the engine has multilingual capabilities and can tackle a wide array of categories from consumer technology to financial markets.

NewsBytes is licensing its engine to other companies looking to automate their content creation process. The company has already on-boarded several clients including overseas media companies.

BLive, an eco-tourism start-up which has pioneered the concept of Electric Vehicle Tourism in India, has raised an undisclosed amount from Mumbai Angels Network in its pre Series-A funding round. BLive offers unique, experiential, guided tours on smart electric bikes thus promoting zero carbon tourism in India. The funds raised will be used for expansion to new locations.

Previously, BLive has raised a strategic investment of INR 4 crore from DNA Networks in September 2019 and a seed capital fund of Rs 1 crore led by Shrinivas V Dempo, Chairman of Goa’s leading business house Dempo Group, and Shivanand V Salgaocar, Chairman and Managing Director, Vimson Group.

Founded in 2018 by Samarth Kholkar and Sandeep Mukherjee, BLive works closely with the government bodies & hospitality chains to encourage early adoption of electric vehicles across all tourist destinations in India. The company envisions bringing in an eco-tourism revolution in the country through curated experiences powered by electric vehicles.

Speaking about the investment, Samarth Kholkar & Sandeep Mukherjee Co-Founders, BLive, said

Travel and tourism industry has taken a big hit due to the present pandemic crisis and that was expected to happen. Securing an investment amidst the present situation shows the confidence of investors in the potential of our business model and boosts our confidence to bounce back quickly. Mumbai Angels not only helped us raise funds seamlessly, but it also connected us to its vast network of Investors across cities in India.

Ajay Pandey, Independent Director & Angel investor, commented

E Vehicles are now an integral part of our eco system. There are many innovative solutions that are emerging on a regular basis all across. What I found interesting around the Blive venture is the fact that a services element linked revenue model has been wrapped around the e bikes, which makes it a sustainable and healthy business option.

BLive experiences are available in Gujarat, Kerala, Karnataka, Rajasthan, Puducherry, Tamil Nadu, and Goa [North and South]. B: Live is the official EV tourism partner for GTDC [Goa Tourism Development Corporation]. The company also has several marquee names as partners including Taj Hotels, Grand Hyatt and Airbnb. Since its inception, B: Live has completed 6000+ rides, saving more than 600 tonnes of carbon generated by tourist vehicles.

The Chennai Angels [TCA] announced an additional investment of Rs 2.5 Crores, in a bridge round, in Good Roots Kitchenware Private Limited, a differentiated and successful online healthy kitchen products store – The Indus Valley. The funds will be used to expand their presence in India’s growing home and kitchen products space.

Chandu Nair led the investment round with business leaders in Chennai – CK Ranganathan, V Shankar, Sathish Kumar and Lakshmi Narayanan participating in the fund raise.

Gamerji, one of India’s most prominent e-sports tournament platforms has raised USD 400K from La Gajjar Group, an investment group based in Ahmedabad. The investment has been utilized for building the technology, increasing operations and also for gaining users.

With the Indian online gaming industry slated to grow to $1 Billion by the year 2021. Gamerji is giving an opportunity to today’s casual gamers, who comprise of the majority of the market to leverage their skills and earn money through their e-sports platform.

Gamerji allows the new age gamers to compete, communicate, share content and win cash prizes by conducting more than 18 tournaments every day. It presently conducts tournaments for in-demand games such as PUBG, Clash Royale and Call of Duty. Gamerji is available as a mobile application, for both Android and IOS.

Launched in 2019, Gamerji was founded by Soham Thacker and Varun Gajjar. In just 4 months, Gamerji today already has over 120K gamers on their platform.

Speaking on the funding, Varun Gajjar, Co-Founder, Gamerji said

We plan to utilize the funds to make Gamerji the leading e-sports platform in India

Soham Thacker, Co-Founder, Gamerji said

E-Sports is arguably the fastest growing industry in the world and India provides a perfect platform for virtual tournaments with an audience of more than 100 million gamers to offer.

About Gamerji

Gamerji is an e-sports tournament platform where there are daily matches conducted for games such as PUBG mobile, Clash Royale etc. Gamerji works with a vision to have a platform where gamers can compete, share content & win prizes.

With features such as group chat, leader board, videos & gaming profile, Gamerji aims to enhance the experience of gamers and provide them with a single platform to maintain their gaming stats. Founded by fellow gamers & young entrepreneurs, Gamerji is constantly working towards the growth of e-sports industry in India.