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Funding Roundup: OYO, Pitstop, Quickli, Overcart & more

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CIOL Writers
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OYO Rooms:

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OYO Rooms reportedly is in the process to raise a fresh round of funding worth Rs 413 crore through a proposed right issue of shares to existing shareholders, according to documents filed with the Registrar of Companies. OYO had raised its previous round of funding of $100 million in August 2015 led by Softbank.

Pitstop:

Pitstop, the automotive startup has raised a seed investment from Alex Chua, COO of Singapore based Goldbell Group and Rahul Garg, founder of Moglix and Xoogler. The funding will enable Pitstop to strengthen its partner base using technology to streamline processes, infrastructure and customer experience; and future growth initiatives.

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Quickli:

Delivery startup Quickli Technologies, which delivers orders in food, pharmacy and grocery has raised undisclosed amount in a funding round led by 500 Startups and Asia Ventures Group, participated by all the previous investors. The company had raised an angel round last year from 500 Startups and former Rocket Internet partner Mato Peric.

Overcart:

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Overcart, a marketplace for over-stocked, unboxed, refurbished and pre-owned products, has raised $3 million in Series A funding from JSW Ventures, Omidyar Network, Sattva Capital and Venture Works. The company plans to invest the fresh funds in hardware and software innovations to diagnose, refurbish and quality check products across more categories and locations.

NFX Digital:

NFX Digital, which operates gamified consumer insights portal Adytude.com, has raised $1mn in funding from Indian Angel Network (IAN). IAN member Vikas Kuthiala will be joining the company’s board. Besides using the fund in research, the company plans to kickstart operations in the UK by the end of this year.