OYO Rooms, a network of budget hotels, has raised Rs 150 crore from Lightspeed, Sequoia and Greenoaks Capital. It claims it has 200 hotels in 10 cities and books 50,000 room-nights a month. It plans to expand its network to 1,000 hotels in 25 cities by the end of this year.
Roposo.com raises $5 million
Roposo.com, a social network focusing on fashion, backed by Flipkart co-founder Binny Bansal, has raised $5 million in a Series-A investment led by the technology-venture investor Tiger Global, the company stated. Existing investors such as Indian Quotient and Bansal also participated in this round.
Teewe raises $1.7 million
Mango Man Consumer Electronics, owners of HDMI (high-definition multimedia interface) dongle Teewe, which allows users to stream video content from a smartphone and watch it on their smart television, has raised $1.7 million (Rs 11 crore) from venture-capital funds Sequoia Capital and India Quotient, according to media reports. It plans to use the money to build new devices focusing on music and audio.
Urjas Energy raises $100,000
Mumbai-based Urjas Energy Systems has raised $100,000 in angel funding for its expansion plans. The three-year-old clean technology company makes multi-fuel gasifiers that work with a variety of agro-wastes to generate high quality producer gas, which can replace fossil fuels used for heating in industries. The company is currently being incubated at IIT-Bombay's Society for Innovation and Entrepreneurship and began commercialising its product eight months ago.
Yogurt Labs raises Rs 72 Lakh
Mobile video production firm Yogurt Labs has raised Rs 72 lakh in convertible notes from a clutch of investors, including angel investors Nick Adams and Kiran Bhat, the author of No Holy Cows in Business. Convertible notes are an instrument used by seed investors who wish to delay establishing a valuation until a later round of funding. Yogurt has developed a do-it-yourself platform for videos.
Roposo.com raises $5 million
Roposo.com, a social network focusing on fashion, backed by Flipkart co-founder Binny Bansal, has raised $5 million in a Series-A investment led by the technology-venture investor Tiger Global, the company stated. Existing investors such as Indian Quotient and Bansal also participated in this round.
Teewe raises $1.7 million
Mango Man Consumer Electronics, owners of HDMI (high-definition multimedia interface) dongle Teewe, which allows users to stream video content from a smartphone and watch it on their smart television, has raised $1.7 million (Rs 11 crore) from venture-capital funds Sequoia Capital and India Quotient, according to media reports. It plans to use the money to build new devices focusing on music and audio.
Urjas Energy raises $100,000
Mumbai-based Urjas Energy Systems has raised $100,000 in angel funding for its expansion plans. The three-year-old clean technology company makes multi-fuel gasifiers that work with a variety of agro-wastes to generate high quality producer gas, which can replace fossil fuels used for heating in industries. The company is currently being incubated at IIT-Bombay's Society for Innovation and Entrepreneurship and began commercialising its product eight months ago.
Yogurt Labs raises Rs 72 Lakh
Mobile video production firm Yogurt Labs has raised Rs 72 lakh in convertible notes from a clutch of investors, including angel investors Nick Adams and Kiran Bhat, the author of No Holy Cows in Business. Convertible notes are an instrument used by seed investors who wish to delay establishing a valuation until a later round of funding. Yogurt has developed a do-it-yourself platform for videos.
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