Mumbai-based wedding planning portal, The Wedding Brigade has raised Rs 4 crore in a pre-series A round funding led by Blume Ventures along with four other angel investors.
Besides, Impact Guru, a Harvard Innovation Lab incubated fintech company, announced a seed round of USD 500,000 (about Rs 3.3 crore) from RB Investments, a Singapore-based venture capital firm, and Fundnel.
The Wedding Brigade in a statement issued here said that the capital will be allocated to enhance product and services offerings, growth activities and acquire talent.
The Wedding Brigade (earlier known as Indear) retailed wedding apparel, jewellery, gifts and other essentials.
"This round of funding gives us the necessary resources to scale our model at an accelerated pace. With our new brand identity, we are poised to make deep in-roads into our country's high-growth wedding market," The Wedding Brigade founder Sanna Vohra said.
It will soon expand to other cities such as Bengaluru, Hyderabad and Chennai, as well as introduce new categories such as photographers, caterers and more.
In case of Impact Guru, the capital raised will enable the firm to scale online crowd-funding for nonprofits, social enterprises and personal causes.
Moreover, Impact Guru and Fundnel, a Southeast Asia-based private investment platform, have also entered into a strategic partnership.
It will also leverage Fundnel's private investment network for facilitating equity or debt funding (offline) for startups and social enterprises in the country and Southeast Asia, the portal added.
Fundnel will select and invite startups and social enterprises that have successfully leveraged Impact Guru's crowd-funding platform in the country to demonstrate traction to Fundnel's network of family offices, venture capital funds, and accredited investors for international investment and for further scaling within Southeast Asia.
(REOPENS BCM12)
Similarly, DocsApp, an online doctor consultation player, has received a seed funding of USD 1.2 million (about Rs 7.9 crore) from Facebook's angel investors Anand Rajaraman and Venky Harinarayan and Japanese venture capital firm Rebright Partners.
Founded in 2015, DocsApp provides consultation to patients with a turnaround time of 30 minutes. Patients can chat with the doctor and share pictures and reports of the ailment with the doctors privately.
"DocsApp aims to utilise the funding to develop and expand their scale of operations, recruit talent and continue breaking barriers through technology in the medical space thereby excelling at user experience," DocsApp said in a statement.
"DocsApp wants to bridge the gap between patients and doctors through this platform so that people can get expert consultation on demand," DocsApp Co-Founder and CEO Satish Kannan said.
Besides, IT startup firm LetReach has also raised a seed funding of USD 100,000 from affiliate marketing network firm vCommission.
"With LetReach, we have been able to help over 800 websites re-engage its users from over 24 countries. With vCommission coming on board, we hope to scale our user base to over 5,000 and win a slew of marquee clients in the e-commerce, deals and content space," LetReach Co-Founder Vipul Garg said in a statement.
LetReach is a web based solution for e-commerce, deals, coupon and content publishing websites to retain and re-engage their web traffic using web push notifications.
The seed funding of USD 100,000 from vCommission will be utilised in strengthening the technology and expanding the company's reach in both the domestic and international markets, the company said in a statement.
