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India Funding Roundup: Care24, RazorPay, Roadrunnr, TinyOwl, Tavaga

India Funding Roundup: Care24, RazorPay, Roadrunnr, TinyOwl, Tavaga

Mumbai-based home healthcare platform Care24 has raised its first round of funding worth $350,000 (roughly Rs. 2.27 crores) from India Quotient. Care24 will use funds to enhance its technology, team size, the company said in an emailed statement. Founded in 2014 by IIT alumni Vipin Pathak, Abhishek Tiwari, Garima Tripathi, and Pranshu Sharma, the company offers care in the greater Mumbai area through background verified caregivers including nurses, attendants, and physiotherapists. The website lists prices for hourly and 12-hour slots, bookings can be made online, while payments can be made with cash, cheque, or card. Care24 also has an app on Google Play, which haf less than 500 downloads at the time of writing.

Bengaluru-based online payment gateway Razorpay has raised $9 million (about Rs. 58 crores) in a round led by Tiger Global that also saw participation from Matrix Partners. Razorpay allows Indian businesses to collect payments online through credit card, debit card, netbanking, and popular wallets, and supports international transactions as well. The company claims that its patented technology helps achieve higher transaction success rates and checkout times on mobile devices.

Bengaluru-based Hyperlocal delivery startup Roadrunnr has reportedly raised $10 million (about Rs. 65 crores) from internal investors Sequoia Capital and Nexus Ventures. Roadrunnr started its operations from Bengaluru six months ago, and now covers Mumbai, Pune, Delhi NCR, Gurgaon, Ghaziabad, Chandigarh, Hyderabad, Lucknow, Indore, and Kolkatta.

Food ordering platform TinyOwl has reportedly raised funding of Rs. 50 crores from existing investors led by Sequoia Capital and Matrix Partners, which will give the startup another 12 months of runtime.

Mumbai-based Tavaga, a mobile-based social trading platform for investment managers, has raised an undisclosed amount in seed funding from a bunch of angel investors through Tracxn Syndicate, an angel network launched by Tracxn. The ​​investor marketplace startup offers an app and web-based platform enables retail investors to access the same technology, processes, and investment products used by professional investment funds, the company said in an emailed statement.


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