Mumbai-based mobile application development and marketing company AppsDaily Solutions Pvt Ltd has raised Rs 100 crore ($16 million) in Series-C round of funding led by Zodius Capital, with participation of its existing investors. Existing investors comprise Russian VC fund Ru-Net, Kalaari Capital and Qualcomm Ventures. The fresh funds will be primarily used to expand product offering, launch a digital platform, and expand its retail distribution.
TripHobo raises $3 million
TripHobo, a platform for user-generated travel itineraries, has secured $3 million in Series-B funding led by incoming investor Mayfield and existing investor Kalaari Capital. This is the second round of funding for TripHobo in the 12 months after a Series-A round in July 2014. The funds would be used to primarily invest in research and development, talent acquisition, scaling content and technology integration with the travel system.
Exfinity Ventures backs LensBricks
Bangalore-based early-stage venture capital firm Exfinity Ventures has invested $1 million (Rs 6.25 crore) in Silicon Valley-based imaging technology focused start-up LensBricks Inc. LensBricks develops smart sensing technology that can be used to augment customer awareness about household activity. Utilising a camera hardware and software solution, it comprehends the scene, identifies patterns, and informs the user.
The start-up was founded in December 2013 by Rajeshwari Kannan (head of Nokia's imaging team), Pranav Mishra (worked at Nokia, AMD and Analog Devices) and Ramesh Rasker (head of MIT Media Lab's Camera Culture group).
Aryaka Networks raises $16 mn
California- and Bengaluru-based cloud computing start-up Aryaka Network Inc has secured $16 million (Rs 100 crore) in funding from existing investors led by Nexus Venture Partners, with participation from Trinity Ventures, InterWest Partners, Mohr Davidow Ventures and Presidio Ventures.
The company will use the money to scale up its sales infrastructure. "The funding will allow us to support large global partners, excited about adding Aryaka's capabilities to their traditional WAN offerings. We are positioned to achieve faster market growth and sustained profitability," said Ajit Gupta, founder and CEO at Aryaka.
