Vowelor Books and Media, an online community-based platform for readers and authors, has raised a funding of Rs 1 crore led by angel investor, Sanjeev Juneja.
Vowelor has secured the funding within the fourth months of the launch of the app, a statement said.
Vowelor co-founder Manik Ghawri said this funding will help them to develop, implement and market their app to target over 1.50 lakh downloads and two lakh monthly website hits. The Vowelor app is available on android and the company plans to release the iOS version by the third quarter of this year.
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* SYOOK raises funds from IP Ventures *
Syook, an Industrial Internet of Things (IIoT) platform, Monday said it has raised an undisclosed amount from IP Ventures.
Founded in 2016, Syook uses its proprietary IoT platform to provide micro-location for people and other critical assets to sectors like manufacturing, automobile, healthcare, education and defence.
Syook plans to use the funds to ramp up its sales and operations in India, and also expand to the Middle-East and South-East Asian markets, a statement said.
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FarEye launches real-time dynamic routing solution *
FarEye, a digital logistics solutions provider, Monday launched an artificial intelligence-based real-time dynamic routing feature that will help increase on-time hyper-local deliveries.
The solution will help empower on-time and cost-effective deliveries which will majorly impact the hyperlocal and grocery delivery industry that demands quick turn-around-time, a statement said.
The technology empowers businesses to minimise empty mile journeys, eliminate vehicle idling time and optimise the productivity of delivery executives by assigning them highly efficient routes, it added.
FarEye said it facilitates over 65 million transactions per day, enabling more than 150 enterprises across more than 20 countries.
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