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India Funding Roundup: Faasos, Zenatix, Shuttl, Leaf Wearables, Custom Furnish

India Funding Roundup: Faasos, Zenatix, Shuttl, Leaf Wearables, Custom Furnish

By Sriram Sharma | Updated: 7 December 2015 19:24 IST

Faasos
Online food on-demand startup Faasos has reportedly raised Rs. 200 crores in fresh funding led by ru-Net, with participation from existing investors Sequoia Capital and Lightbox Ventures. The deal reportedly values Faasos at between $130 million and $160 million (roughly Rs. 870 crores and Rs. 1,071 crores). Founded in 2011 by Kallol Banerjee and Jaydeep Barman, Faasos currently has 160 distribution centres and is present in 15 cities across India.

Zenatix
Gurgaon-based energy monitoring analytics startup Zenatix has reportedly raised an undisclosed sum of funding in its pre-series A round from Blume Ventures. Founded by Rahul Bhalla, Vishal Bansal, and Amarjeet Singh in 2013, the company uses smart meters and controllers to help consumers understand their energy consumption patterns, and take steps to save energy.

Shuttl
Gurgaon-based Shuttl, an app-based minibus service, has reportedly closed a $25-million (roughly Rs. 160 crores) funding round from Lightspeed Venture Partners, with participation from existing investors Sequoia Capital and Times Internet. Founded in 2014, Shuttl currently operates in Gurgaon, Noida, and Delhi, and offers apps for apps for Android and iOS, with a fleet of over 450 air-conditioned and GPS-enabled buses.

Leaf Wearables
Leaf Innovation Pvt. Ltd, makers of wearable security and tracking device Safer, have reportedly raised $250,000 (roughly Rs. 1.6 crores) in seed funding. Founded by students from IIT-Delhi and Delhi Technological University, its women's safety device Safer can be used to trigger an alarm and send messages to pre-selected phone numbers in case of emergency.

Custom Furnish
Hyderabad-based Custom Furnish, a vertically focused online e-commerce startup that retails furniture and home furnishing, has reportedly raised nearly $4.5 million (roughly Rs. 30 crores) in a fresh round of funding from Agnus Capital. Launched in early 2015, CustomFurnish.com currently offers its services in Hyderabad, and Bengaluru and reportedly plans to expand its presence to the other four metros.

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