/TF in India this week – Gesture control smartwatch and AI shopping assistant are hot items in India

TF in India this week – Gesture control smartwatch and AI shopping assistant are hot items in India

Our weekly column summarizes the tech financing highlights in India this week.

Wearable technology startup HUG Innovations’ smartwatch and AI powered personal shopping assistant Niki garnered the most attention in India’s investment market this week.

Wearable technology startup HUG Innovations raises USD 5 million for Series A

Photo from Hug Innovations Twitter page
Photo from Hug Innovations Twitter page

HUG Innovations

Founders: Raj Neravati

Founded in: 2014

Financing status: USD 5 million for Series A round in 2017

Wearable technology startup HUG Innovations on Monday raises USD 5 million for Series A to develop application areas including fitness, virtual reality, industrial automation, and drones.

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Niki.ai raises funds for its AI powered personal shopping assistant services

Photo from Niki Ai Blog webpage
Photo from Niki Ai Blog webpage

Niki.ai

Founders: Sachin Jaiswal, Keshav Prawasi, Nitin Babel, Shishir Modi

Founded in: 2015

Financing status: USD 2 million for Series A round in 2017

AI shopping assistant startup Niki.ai on Wed raises USD 2 million for Series A round to strengthen its machine learning capabilities, build voice and multilingual functionalities, and expand its distribution networks.

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Online fintech lending platform LoanTap raises USD 4 million in Series B

Photo from Pixabay
Photo from Pixabay

LoanTap

Founders: Satyam Kumar, Vikas Kumar

Founded in: 2016

Financing status: USD 4 million Series B round in 2017

Online fintech lending platform LoanTap raises USD 4 million in Series B to enhance collection features in its software, other than reaching out to business hubs, and tier two and three cities in India. last Friday

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Gym and fitness aggregator app FITPASS raises USD 1 million in seed round

Photo from Flickr
Photo from Flickr

Fitpass

Founders: Akshay Verma, Arushi Verma

Founded in: 2015

Financing status: USD 1 million for seed round in 2017

Gym and fitness aggregator app FITPASS on Thursday raises USD 1 million in seed round to expand the full suite of its services across 10 cities in the next six months.

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Digital lending fintech startup Stashfin raises USD 5 million for pre-Series A

Photo from Flickr
Photo from Flickr

Stashfin

Founders: Tushar Aggarwal

Founded in: 2016

Financing status: USD 5 million pre-Series A round in 2017

Digital lending fintech startup Stashfin on Tuesday raises USD 5 million for pre-Series A.

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Data analytics startup Quantta Analytics raises undisclosed amount for pre-SeriesA

Photo from TIBCO Software website
Photo from TIBCO Software website

Quantta Analytics

Founders: Ritesh Bawri, Malvika Bawari

Founded in: 2012

Financing status: undisclosed amount for pre-Series A in 2017

Data analytics startup Quantta Analytics on Tuesday raises undisclosed amount for pre-SeriesA to enhance its tech stack, strengthen the core technology team, and expand its presence across various cities in India.

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Voice and picture based social startup VoxWeb attracts USD 1 million for seed round

Photo from Flickr
Photo from Flickr

VoxWeb

Founders: Yash Mishra

Founded in: 2014

Financing status: USD 1 million for seed round in 2017

Voice and picture based social startup VoxWeb attracts USD 1 million for seed round to strengthen technologies, add innovative features to cater to the new generation of social media users, focus on increasing its user base, and may also spend on building its brand in colleges. last Friday

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Travel solution startup V Resorts attracts USD 4 million for seed round

Photo from V Resorts Twitter page
Photo from V Resorts Twitter page

V Resorts

Founders: Aditi Balbir

Founded in: 2011

Financing status: USD 4 million for seed round in 2017

Travel solution startup V Resorts on Monday attracts USD 4 million for seed round to invest in consumer and operator interfaces.

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