India Funding Roundup: An Online Legal Services Provider, Loan Marketplace, and More
Our latest funding roundup compiles seed stage investments in Indian subscription based grocery delivery startups, legal services providers, loan application portals, and proximity marketing firms.
Noida-based Deal4Loans, a loan information and application portal that provides information on personal, home, car and business loans, and credit cards from different banks has raised an undisclosed amount of funding from international investors, including Ram Shriram, Neeraj Arora, Samir Sood, and Puru Vashishtha. Founded in 2009, the company has reportedly booked over Rs. 10,000 crores in loans through seven million customers.
Online legal service provider LegalRaasta has reportedly raised Rs. 6.5 crores in an angel round from Praveen Khandelwal and Yatin Kumar. Founded in 2015 by siblings Himanshu Jain and Pulkit Jain, the startup helps with company formation, trademark, and filing of IT returns, and offers a door step services with a 30-day money back guarantee.
Pune-based Raincan, a subscription-based grocery delivery startup has reportedly raised an additional angel funding of Rs. 1 crore from existing investors and Aniruddha Malpani. Founded in 2015, the startup provides an app for Android users, and delivers items such as dairy, meat, bakery, fruits and vegetables.
Mumbai-based proximity marketing firm BeaconsTalk has reportedly raised under $100,000 (Rs. 66 lakhs) in a pre-Series A round of funding. The startup has deployed 1,500 sensors and plans to grow to around 10,000 sensors by October.
Actor Anil Kapoor has reportedly invested an undisclosed sum in Indi.com, a California-based video social network, and now appears in a promotional video on the website’s homepage. The platform was founded by Neel Grover and Greg Giraudi in 2013, and plans to launch in India on April 28.