Mobile commerce start-up Grofers is raising $35 million from existing investors to help fund further expansion. Lead investors include Tiger Global Management and Sequoia Capital, which both committed to the $10 million funding round Grofers completed last month. It will use the new funds to expand the selection of products that consumers can purchase on its mobile apps
PepperTap raises $10 million
PepperTap, a hyperlocal grocery delivery service, has received Series-A funding of $10 million from SAIF Partners and Sequoia Capital. The funding will be used for building a team and for expanding reach to 10 more cities in the country by the end of the year
UrbanClap raises Rs 10 crore
UrbanClap Technologies India, which runs a mobile services marketplace that allows consumers to connect with service providers such as yoga teachers, interior designers, plumbers and wedding photographers, has raised Rs 10 crore in seed funding from private equity firm SAIF Partners, venture capital firm Accel Partners, and Snapdeal co-founders Kunal Bahl and Rohit Bansal
Tiger Global backs LocalOye
LocalOye, India's leading mobile marketplace for hiring local service professionals has raised $5 million in Series-A funding from Tiger Global Management and Lightspeed Venture Partners. It will use the funds to scale aggressively nationwide and expand to more service categories. It currently operates in Mumbai, offering services in 250+ categories such as education (tutors), home services (appliance repairs), wellness (yoga, fitness) and events (photographers)
IAN backs Gadgetwood
IAN, India's largest angel network, announced its investment in Gadgetwood, an online service provider for multi-brand repair and support services for mobiles, smartphones and tablets. The investment was led by IAN investor members Ajai Chowdhury, Nitin Singhal, Ashvin Chadha, and Yogesh Bansal
If you have any information to share, please write to bsreporter@bsmail.in
