News Roundup: LaundryAnna Raises Rs 1 Cr in Seed Funding; Deepak Abbot Joins Paytm


Doorstep Laundry Startup LaundryAnna Raises Rs 1 Cr in Seed Funding

Bangalore-based startup LaundryAnna has raised Rs 1 crore in seed funding from a group of angel investors. The company plans to use the investment to expand operations in more areas in the city.

Founded in March 2015 by Prateek Rana, LaundryAnna is a hyperlocal on-demand laundry services app which brings together the sophistication of modern fabric servicing with the easy availability of a local washerman. The startup claims to process over 3000 garments every day.

Times Internet’s Deepak Abbot Joins Paytm as Senior VP

Abbot, who quit Times Internet in October, where he was the head of Smartapp and mobile growth has reportedly joined Paytm as Senior VP Product Growth. Abbot had worked at Paytm previously as the head of product marketing, before joining Times Internet.

There has been a major workforce shuffle at Paytm in the past few weeks. Mark Schwartz, chairman of Goldman Sachs Group Inc.’s Asia-Pacific region last month joined the board of the company, prior to who Amit Singhal, former head of search at Google, was appointed to the company’s board to strengthens its financial and technology management.

Health Startup LetsMD Raises Funding From Calcutta Angel Network

Calcutta Angels Network, LetsVenture, Anupam Mittal of and Currae Healthtech Fund have picked up a total of 25% stake in Delhi-based healthtech startup LetsMD. This is reported to be the biggest investment made by Calcutta Angels Network in a startup, which is claimed to be over Rs 1 crore.

Founded in December 2015 by Nivesh Khandelwal, LetsMD addresses the discovery, transparency and affordability problem in healthcare through a marketplace-based approach. The funding will be used to build the technology and develop the team and marketing.

Airtel Signs $60 Million Deal With Nokia on VoLTE Calling Tech

The telecom operator has given a $60 million pan-India deal to Nokia to implement voice-over-LTE (VoLTE) calling technology, which allows voice calls over a 4G LTE network, rather than the 2G or 3G connections. VoLTE offers a much richer network experience and connects calls up to twice as fast than the current methods. Airtel currently offers calls on the legacy circuit-switch technology.

Airtel had launched a pilot project to test the technology in selected areas, and with the successful testing, it is now looking at a bigger launch. (Source)

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