Startup Funding Alert: 18th September 2019

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Bengaluru-based logistics startup Blowhorn raises funding

Blowhorn founders
Blowhorn founders

Blowhorn, a logistics startup, has raised funding in a new round for an undisclosed amount. The company failed to disclose the name of the lead investor but told the participating investor included-Venture Catalysts, James Lee Sorenson and Japanese VC firm, Dream Incubator. The company plans to utilize its funds to support innovation and expansion. The firm has raised 43.8 million before this round. 

Blowhorn was founded in 2014 by Michael Strong, Mithun Srivatsa, and Nikhil Shivaprasad. It operates in all the major metro cities of India with an extensive suite of services from the first mile, middle mile, and last-mile logistics while handling goods for 1g to 1T.

The firm provides for a full-stack service offering via an asset-light model through its tech platform that connects logistic service seekers with mini-truck drivers through mobile app and website. The firm claim to show a revenue growth of 500% since its previous funding round in 2017. The company has now extended its presence to more than 30 cities and has a driver base of 25,000 on its platform.

 

GigIndia raises funding for an undisclosed amount from Tech veterans

GigIndia team
GigIndia team

The freelance marketplace Gigindia has raised a financing of an undisclosed amount in a strategic round from a number of technology veterans like S Ramadorai, former Tata Consultancy Services CEO; Kiran Deshpande, former CEO of Tech Mahindra; Ravi Nigam, ex MD and co-founder of Tasty Bite Eatables; and Shashank Deshpande, co-founder of Clarice Technologies.  

The Pune based startup is a freelance marketplace founded by Sahil Sharma and Aditya Shirole in 2017. The firm focusses at fulfilling the short term or micro job requirements of individuals and companies like influencers, tele-callers, auditors, translators, and field agents. The client base of GigIndia includes 100 companies, including Swiggy, SHAREit, ShareChat, Paytm, BookMyShow, and Uber.

 

Social health startup iKure raises funds from IP Ventures

iKure founder
iKure founder

Based in Kolkata, iKure Techsoft Pvt Ltd announced on Wednesday that it had raised funding for an undisclosed amount from IPV (Inflection Point Ventures). The social health enterprise plans to use freshly made funds for business and technology expansion.

iKure, founded by Sujay Santra in 2010, is a social health enterprise that engages in delivering primary healthcare, wellness, and prevention services to the rural, semi-urban, and urban populations via its hubs-and-spokes clinic model. The firm at present operates eight critical healthcare clinics and six mini-clinics and conducts more than five health intervention programmes each week.

By far, the organization has covered more than 3k villages across seven states, profiled 58 diseases and has trained more than 550 community healthcare workers. The company claims that it has served 8 million people in India currently and plans to take up the number to 25 million underserved people in the next four years.

 

Zivame raises funding worth Rs 25 crore from Indiblu, Avendus Capital, and Avezo Advisors

Zivame founder- Richa Kar
Zivame founder- Richa Kar

Online lingerie platform Zivame gets an infusion of Rs 25 crore from Indiblu, Avendus Capital, and Avezo Advisors in its Series C funding round. The Bengaluru-based firm operates on a two-company model with Actosebra Active Wholesale Pvt Ltd and Mila Star Pvt Ltd. While Zivame denied the about the funding alert, sources in the company say that despite being a small round, it would be supporting the usual scale of the company. The company had also raised a funding of Rs 60 crore in March 2019 in a bridge round led by Zodius Technology Fund and participation from HNIs and Allana Investment & Trading Company. The retail is estimated to be at a value of $650 billion, with organized retailing accounting to only $65 billion- including e-commerce

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A passionate writer with bachelor’s in the field of English & Journalism. Other than being a bibliophile, some of her hobbies are travelling, photography and poetry.

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