Funding roundup: BookMyShow, CureFit, Fulfil.IO & more

|July 6, 2016 0

Here’s a round up of some interesting deals happened in the startup space throughout the first half of this week:


Bigtree Entertainment, which owns and operates BookMyShow, has raised over Rs. 550 crores in its fourth and largest single financing round. The round was led by US-based Stripes Group and saw participation from all existing investors – Network 18, Accel Partners, and SAIF Partners. These funds will be utilized towards rolling out exclusive entertainment experiences on BookMyShow.


Myntra cofounder, Mukesh Bansal – who teamed with former colleague Ankit Nagori at Flipkart to start an upcoming healthcare platform, CureFit has managed to raise $15-million from Accel Partners, IDG Ventures India, and Kalaari Capital, which makes it one of the largest seed investment rounds in the Indian startup sector this year.

Don’t Scratch Your Head:

Seed investment & innovation platform, Venture Catalysts has invested $250,000 into Don’t Scratch Your Head (DSYH), a SaaS-based logistics reconciliation platform for e-commerce channels. Ahmedabad-based DSYH is currently focusing on the e-commerce industry. DSYH allows sellers associated with multiple marketplaces to reconcile accounts, payments, returned orders, promotional amounts through a single, consolidated window.


Bangalore-based tech startup Fulfil.IO that helps retailers to fulfill orders across online and offline channels efficiently has raised capital from Google India MD, Rajan Anandan. The funds will be used for ramping up sales operations in the US and scaling the product. Fulfil.IO is a set of cloud-based tools for internet retailers to gain visibility into their backend operations and manage everything from procurement to fulfillment in a single tool.


VC firm SAIF Partners has announced a pre-series A funding of Rs. 4.7 Crore into Bangalore-based venture, Playment that enables large companies to crowdsource process oriented tasks that are typically done by in-house or outsourced teams (BPOs). Playment will use the funds raised to lay the foundation of a world-class engineering and product team, along with scaling up deployments in all clients.


Chennai based has raised Rs 2 crore from investors such as former Facebook India MD Kirthiga Reddy, Multiples Equity founder Renuka Ramanath and CherryTin, among others. The raised funds will be used to scale its operations pan–India and to launch its mobile app in the next few months. With Wedding Wishlist, the prospective couples can make a wishlist and share the gift preferences with guests so that they can buy any gift from the wish list that fits into their budget.


Mumbai-based virtual reality content studio SpectraVR has raised an undisclosed amount of seed funding from US-based venture capital firm Rothenberg Ventures. The funds will be used for product development, and reduce the dependence on creating virtual reality headsets and to deliver the same experience through smartphones.


Mumbai-based on-demand fashion rental platform Flyrobe has raised Rs 11.3 crore in a seed funding led by Sequoia Capital along with participation from Snapdeal founders Rohit Bansal and Kunal Bahl, and FreeCharge founders Sandeep Tandon and Kunal Shah. Flyrobe provides premium designer wear and branded outfits on rent.

Happily Unmarried:

Delhi-based Happily Unmarried has raised Rs. 5 crore from Info Edge (India) Ltd, which runs Naukri, 99acres, Jeevansathi and Shiksha. Info Edge’s total investment in Happily Unmarried is now Rs 21.3 crore and it holds about 48% stake in the firm too.

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