Hello Tax, an app that helps users fill income tax returns easily, has raised an angel round of funding; MySuperBrain, an online talent discovery platform for students, has secured an undisclosed amount; and FabHotels, a tech-enabled hospitality startup formed by former Rocket Internet executives, has raised $8 million in a series A round of funding.

Hello Tax Gets $294k in Angel Funding from Amrapali Aadya MD Sanjeev Sinha

Hello Tax, an app that helps users fill income tax returns easily, has raised an angel round of funding from a high-profile investor. The startup will use this first round of external funding for marketing for the app.

The app, which is operated by Delhi-based iTechFlock Software Pvt Ltd, has raised Rs 2 crore ($294,000) from Sanjeev Sinha, chief managing director at brokerage firm Amrapali Aadya. Amrapali, which was launched in 2004, offers services such as online equity trading, mutual funds and insurance, among others.

Other firms operating in the space include ClearTax, TaxSmile, TaxSpanner and HRBlock. ClearTax has recently raised $12 million in Series-A investment round. The funding round, was led by Ravi Adusumalli of SAIF Partners, will be chiefly utilised by ClearTax to build and launch new products, hire 100+ engineers and build its executive leadership team.

Ed-tech Startup MySuperBrain Raises Angel Funding from Soniks Consulting

MySuperBrain, an online talent discovery platform for students operated by Hyderabad-based Bojja IT Solutions Pvt Ltd, has secured an undisclosed amount in angel funding from tech consultancy firm Soniks Consulting.

The newly raised funding will be used the startup for marketing initiatives and augmenting the technology vertical, as per VCCircle report.

MySuperBrain was founded in 2011 by IIM-Kozhikode alumni Bojja and Yuvaraju Atmakuri, it offers a platform for students to showcase their talent in academics and other activities such as music, dance and painting.

The startup offers students targeted content and interactive learning platforms in the form of games and videos. There is a social networking element, too, where visitors can give feedback on students’ activities. It also offers an activity-based monthly magazine called ‘Exalt’ to encourage students.

Budget Hotel Aggregator FabHotels Raises $8M from Accel Partners, RB Investments, Others

FabHotels, a tech-enabled hospitality startup formed by former Rocket Internet executives, has raised $8 million in a series A round of funding from Accel Partners and RB Investments with participation from Mohandas Pai’s Aarin Capital and Qualcomm Ventures. FabHotels is essentially a branded budget hotel aggregator, but one which claims to be going beyond aggregation and delivering a wholesome hospitality experience to hotel guests.

FabHotels was started in 2014 by Vaibhav Aggarwal and Adarsh Manpuria. In July 2015, the startup raised a seed round of $2.25 million from Accel Partners and Qualcomm Ventures. It plans to use the funds raised for brand building and to expand its network. FabHotels currently has about 65 hotels in its portfolio, spread across 15 plus cities, which translates to around 1,500 rooms. The budget hotel brand is looking to reach 100 hotels by September or about 2,500 rooms. Its hotels usually have a capacity of 25-30 rooms, as per DealStreetAsia report.

Image Source: ShutterStock

Post a Comment

Previous Post Next Post
Like this content? Sign up for our daily newsletter to get latest updates.