ScoopWhoop Secures $4 Million In Fresh Funds From Kalaari Capital

Company Name : ScoopWhoop
Funding Amount : $4 Million
Investor(s) Kalaari Capital . .
Funding Round : Not Disclosed

The fresh funds will be primarily used by ScoopWhoop to expand its video production unit, ‘ScoopWhoop Talkies’. However, the exact terms of the transaction were not disclosed.

According to the company, the funding will also be invested in hiring fresh editorial resources across beats for different publications.

“In the last 12 months we have grown almost 300%. We’ve managed to put a great team together, across portals, that drives almost 20 million unique visitors monthly. And, with this funding we look forward to being the number one digital media company in India by 2017,” said Sattvik Mishra, Co-founder, CEO, ScoopWhoop Media.

Kalaari Launches $290mn India Fund

Kalaari capital has launched $290mn India fund (third fund in nine years).

“We plan to invest $2-5 million across 30 startups from the new fund, as also participate in new rounds of fund raising by our portfolio companies,” [Vani Kola]

Kalaari has fully deployed the earlier fund and has invested in more than 60 startups in the country (notable ones include Snapdeal, UrbanLadder). The fund roped in Ratan Tata as an advisor earlier this year.

Holachef Raises Rs 20 Crores In Series A Funding Led By Kalaari

Holachef has raised Series A funding of Rs 20 crore in a round led by Kalaari Capital. Anand Lunia’s India Quotient will also be participating in this investment.holachef

Holachef offers select signature dishes from professional and amateur, based? on a dynamic daily menu. It ensures delivery of the meals at a pre-selected time slot by the customer. The service was founded in September 2014 and had raised a seed fund of Rs 2 crore by India Quotient in February 2015. The investment was in the form of convertible notes, a short term debt that converts to equity when a startup raises Series A funding.

Currently, Holachef is serving over 1000 orders in a day across locations in Central and Western suburbs of Mumbai. It receives over 65% of orders through the mobile app on Android, iOS and rest from the desktop website.

Foodtech Startup Truweight Raises Series A Funding From Kalaari Capital

The foodtech startup focused on weight loss, Truweight, has raised an undisclosed amount in Series A funding from Kalaari Capital.Truweight

The funds raised will be used to strengthen its presence across the country as well as launch a mobile app. Apart from that the company also plans to hire talent, innovate and add more food products and establish physical centers in Bangalore and Chennai.

Hyderabad-based Truweight promotes sustainable fitness and healthy lifestyle for weight loss. The startup have an experienced team of 30 nutritionists, that counsel the clients online and at the weight loss centers. They have their own range of food products that are high on nutrient content and equally tasty too. The products make it easier for clients to stick to the plan and they offer healthier alternatives to our everyday food.

Fabhotels Secures $5 M In Funds From Accel Partners & Kalaari Capital

The hotel aggregator, Fabhotels (formerly Casa2Inns) has raised $5 M in funding from Accel Partners and Kalaari Capital.

FabHotels (formerly Casa2Inns)

The funds raised will be utilized for expanding its services across the country as well as in consumer and operator facing technology.

“We are not merely aggregating rooms, but delivering a wholesome hospitality experience to our guests. Technology can play a more encompassing role in delivering the right experience in the hospitality industry,” says Vaibhav Aggrawal, Co-Founder, Fabhotels.

Ratan Tata Joins Kalaari Capital’s Advisory Board

Ratan Tata, Chairman Emeritus, Tata Sons who has been on an investment spree, has now joined Kalaari Capital’s advisory board as a mentor.
Ratan Tata’s recent investments include CarDekho, Urban Ladder, Bluestone and Snapdeal. All these companies, except for CarDekho, have been backed by Kalaari Capital.

RatanTata With Kalaari Capital Portfolio
RatanTata With Kalaari Capital Portfolio
Kalaari Capital is a $160 million venture capital fund with an advisory team in Bangalore investing in early-stage, technology-oriented companies in India. Kalaari has collectively invested in more than 50 firms.

Haptik Partners With Swipe Technologies ; Enables CoD Purchase

haptikSmartphone chat-support app Haptik has partnered with engineering telecommunications firm Swipe Technologies to offer on-the-go support to Swipe customers through the Haptik messenger app.
The partnership will help provide 24×7 support to Swipe customers and also enable Cash On Delivery purchases of their phones/tablets with a message on Haptik.
While Haptik enables customers to get information and support for over 200 companies through messaging facility in a real-time, private, asynchronous way, Swipe Technologies develop Tablets and Phablets to provide mobile computing experience with efficient performance at affordable costs.
What’s interesting is that both the two companies have raised funding from Kalaari Capital (read : Swipe Technologies which raised INR 30 Crore and Haptik Messenger which raised $1 million).