StartupRoots, initiated by 10,000 Startups in association with NextBigWhat, has helped four start-ups to raise spot funding from angels investors, including Google India MD and angel investor Rajan Anandan.
Bangalore-based Lumos Design Technology, working to develop solar-powered apparel, got Rs.25-lakh in return for a 10% stake for Anandan.
Anirudh Suri, founding partner of Indian Internet Group, Ravi Gururaj and Ramesh Kumar Shah, co-founders of Harvard Business School Alumni Angels India, wrote a combined cheque of Rs.1 crore for a 22.5% in a Kolkata based social audience discovery platform, Tookitaki.
Mumbai based provider of digital jukebox for retail outlets, Moojic, raised Rs.25 lakh from three angel investors including Anandan for 12.5% stake. Credii, a cloud-based platform for business software selection and procurement, got an investment of $50,000 for a 5% stake.
Source: iamwire.com
Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India’s First & Most Exhaustive Transactions Newsletter.
