US-based AngelList Introduces A New Way For Indian Startups To Raise Funds Via Indian HNIs

US-based AngelList, an online platform which supports early-stage funding and startup recruitment, has introduced a new way, for investors, High Net-worth Individuals (HNIs) in India, to invest in startups in India. With launch of its ‘Syndicates’ product in India AngelList will now lets investors team up with like minded people and pool funds for investments in startups in the country.

You might not know but startups including Uber, in its early days, have raised more than $700 million through this AngelList's Syndicates only, besides 1,800 other startups which have raised over $6 billion through the platform in follow up funding.

With this launch of Syndicates for India, investors in India can now invest alongside experienced angels and VC funds that invest in India’s vibrant tech ecosystem.

AngelList, in an official blog post, said, "As part of this launch, we’ve gathered the support of experienced entrepreneurs and investors in India like Kunal Shah, Ash Lilani and others. Approved backers will get access to syndicates from great investors like Sandeep Tandon, Shalini Prakash, K-Start and others".

For Startup Founders in India

The launch of Syndicates for India broadens the range of investors from which startup founders can raise funds.

For example, suppose an angel wants to invest $250K into a company. They personally invest $50K and ask 10 other investors to invest alongside them. They pool the investors into a fund which invests another $200K.

Startup founders can discuss how much the syndicate will invest, on what terms, who should be able to invest, what information will be shared, and when you'd like to close.

Once documents are signed, AngelList collects funds and wires them to startup founders. AngelList can close deals in as quickly as 72 hours.

For Investors in India

Syndicates are a private single-deal investment vehicles that let you invest in startup allocations shared by syndicate leads, enabling more angels to participate by getting access to top deals. Similar to a VC fund, syndicates provide experienced investors the opportunity to earn carried interest on their allocation, and the ability to write bigger checks by pooling capital from dozens of backers in the ecosystem. Learn more about the benefits for leads.

In the past, AngelList has supported investments into Indian startups like ClearTax, DocTal, and Squad.

Health And Wellness Startup Poshtick Raises $450K From Noida Based HNIs

Poshtick, a health and wellness startup, has raised a funding of $450,000 from two Noida-based HNIs, Bhavya Sharma and Amit Nagar. Poshtick has a combination of functional, nutritional and value added food product and offerings through which they provide end to end health solutions. The funds raised will primarily be utilized for product development, developing human resource capabilities and making an effective supply chain mechanism.

Poshtick is building an end to end solution for the people who lead busy lives and don’t have time to work out in the gyms or indulge in physical sports activities to keep themselves fit. Their range of products is a perfect combination between taste and health. And, some of their innovations are one of their kind and will be absolutely new for the Indian market. Its first product called ‘The Finge Box’ is a combination of fitness and binge, which is a calorie and portion defined mid-meal snacking solution.

“Poshtick intends to be a one-stop shop for all ‘Health and Wellness’ needs. Our Aim is to create pocket-friendly healthy snack options and make them assecable and available for the masses . Also, we are giving a lot of emphasis on consumer education and want to create a community of educated consumers,” said Pranav Sharma, Founder & CEO, Poshtick.

Poshtick has an interesting founding story. Pranav Sharma, a 23-year old commerce graduate from Delhi University, and working in the consulting firm, Grant Thornton, realized that due to shortage of time and his sedentary lifestyle, he had gained a lot of weight. When he joined a gym to get rid of the excess weight and be fit, he discovered that apart from gym workouts, it’s the diet that plays a more important role in weight management. He found out that 80% of what one eats, determines one’s health, while the gym workouts account for only 20% of it.

Having discovered the truth, Pranav’s travails were far from over. He realized that there was a genuine lack of availability ofand accessibility to healthy as well as tasty food. And, thus the idea of Poshtick was born. Pranav discussed this problem with his friend, Kritik Thakur,who was a nutrition junkie and fitness enthusiast. Kritik is a firm believer of the fact that the lack of awareness about health & nutrition is the root cause of many health  problems . That’s when both of them teamed up together to build something that would help people to stay by healthy by adopting to simple means.

Bhavya Sharma, angel investor comments “People including myself are now increasingly health conscious, but it’s extremely difficult for them to find healthy mid-meal snacking options. The size for health & wellness industry is 22,500 Crore , and when we found Poshtick’s founders making a mark in this industry, we decided to back them.”

Poshtick app is in the development stage, and will be launched early next year. The company is building its online presence, and is planning to establish its retail presence in the metro cities like Delhi NCR, Bangalore, Mumbai, Chennai, Hyderabad and Kolkata.

Notion Press Raises $1M in Pre-Series A Funding from HNIs

Chennai-based self-publishing start-up, Notion Press, today announced that it has raised USD $1 million in pre-series A funding from High-Net-Worth Individuals (HNIs). The deal will help Notion Press consolidate its market leadership, strengthen its management team and expand its services in the market.

Notion Press is a self-publishing platform for Indian writers to publish and sell books around the world in both print and eBook form. It was founded in 2012 by two engineers, Naveen Valsakumar (30) and Bhargava Adepalley (29), and Jana Pillay (31), who has a background in publishing.  Since then it has published over 2000+ authors, sells books in over 100 countries and is today the fastest growing publishing group in India, well-known for its high-end professional publishing solutions to authors.

Today, Notion Press offers various publishing, book printing, distribution and marketing services to both authors and publishers from around the world. The technology start-up aims to solve the challenges associated with book publishing and distribution by creating highly scalable solutions that work across the globe.

Commenting on the funding, Naveen Valsakumar, Co-Founder and CEO, Notion Press Media Pvt. Ltd, said, “We are growing aggressively and looking to go International this year. We will be intensifying our coverage across India and fuel our operations internationally as well with these funds. We have always envisioned Notion Press as a global publishing brand and have built everything to scale for the global market. We are launching our US operations in the middle of September and would be launching in three other countries by end of this financialyear. With support from our investor group, we will be able to execute our vision more rapidly and broadly.”

A spokesperson from the Investor Group said, “We are very excited about this announcement. We commend the cutting-edge publishing solutions provided by Notion Press and the entrepreneurial spirits of the co-founders who put their heads down and built a sustainable and profitable business in just 4 years. Notion Press has shown tremendous potential in its growth, and is well-placed to be a part of the publishing revolution in India in the coming years.”

Notion Press was started as a platform for new writing talent from India to emerge. While self-publishing is not a new concept, the Chennai-based start-up stands out for its innovative methods. The company provides tools; data and expertise that enables authors take business decisions.  “We are changing the way publishing solutions are provided to authors in India and do not see self-publishing as a pure service-driven business, our home-grown proprietary technology allows us to automate most parts of the publishing, distribution and book marketing workflow. Our USP is that we treat every book as a start-up and the author as its CEO.” explains Valsakumar.

Notion Press is now working on a technology product that will help authors actively promote their work. Apart from its global expansion, it is also looking to offer its services to more Indian languages.

Edugild Backed Gradopedia Raises Seed Funding from Dubai Based HNIs

Mumbai-based Career Intelligence startup Gradopedia has raised an undisclosed amount in seed funding from Dubai-based high net worth individuals. Launched in early 2015, Gradopedia started as a Career Discovery platform – helping graduates understand different career profiles by watching videos from professionals.

Gradopedia was a part of the first batch of Edugild, a startup accelerator programme focussed on the education sector. Other startups in this segment include iDreamCareer (iDC), Careers360, Avagmah, iProf, Meritnation, Simplilearn, etc.

The 4 month acceleration programme helped Gradopedia address the ‘personalisation’ problem where graduates really need help with understand profiles and get an idea of where they stand - and how to build their respective careers instead of following the herd.

"We are working with actual professionals across career profiles to define employability through a ‘GradoScore’ for each profile – a combination of technical skills, personality traits and other parameters. This score allows graduates to benchmark themselves and see the jobs that are available at their current level, while also highlight the tangible steps they can take (courses, workshops, mentorship, etc.) to improve their score and land a better job," said Hitesh Awtaney, Co-founder and CEO, Gradopedia.

It also opens up an affiliate revenue model apart from charging companies for recruitment, while the product stays free of charge for graduates.

Gradopedia will use the new funds to enhance and build on the product, do some key hires in Technology and Operations and get early traction.

“We’ve tested the waters with pilots in various segments and are delighted by the response. The aim is to fill the Core Team and attain operational breakeven by the end of the financial year,” said Hitesh.

When asked about the next round, Hitesh added – “We’ve already received investor interest from various players in the education and recruitment space. We’re going to open the Angel round in January and go with the investors who can take the venture to the next level.”

Modasta Raises $1.5M Angel Funding from a Consortium of Mauritius Based HNI Investors

Senior technology and medical professionals have joined forces to found Modasta, the first India focused health content portal. The platform, which already has over one million registered users in a three month pilot, offers multi-lingual and credible health content curated by Indian doctors for the Indian health-seeker. The startupis founded bya team of entrepreneurs comprising Bikram Barman, CEO and Co-Founder of Modasta and ex Accenture & Yahoo executive, IIM alumnus PankajPandey, COO and Co-Founder, and Dr. Geethanjali, Chief Content Officer and Co-Founder. The three-member founding team, who comes with 40 years of cumulative experience in healthcare, technology, social business and entrepreneurship, raised US$1.5 million from a consortium of Mauritius based HNI investors. The funds have been strategically allocated for business growth, technology upgradation, talent acquisition and marketing outreach activities.

Indian health-seekers, who were earlier compelled to peruse international health portals like WebMD and Mayo Clinic, will now have an India centric platform as their first point of reference. The platformprovides content in English, Hindi, Telugu and Tamil, with plans on the anvil to extend the number oflanguages. Modasta, not only provides easy to access content in the format of articles and videos, but also offers health forums to exchange knowledge and experiences. The startup will also be expanding its range of offerings to include telehealth comprising online doctor consultation services, thus becoming the first holistic healthcare service provider for health-seekers across India.

Bikram Barman, Co-Founder & CEO, Modasta said, “The healthcare industry is witnessing a robust growth trajectory, and at Modasta, we are aiming for a large slice of this lucrative US$280 billion industry.As the first of its kind initiative in India, Modasta will service the length and breadth of the country with pertinent content on a plethora of subjects from lifestyle diseases, mental health, women’s health, men’s health, sexual health and pediatrics amongst others. At Modasta, we endeavor to become the first ever one stop shop for health-seekers, something which no other health-tech company has managed to achieve to date in this space.’’

Modasta has a medical and tech team strength of 50 employees comprising doctors and developers. There areplans to double the head count by next year. 

Customised Furniture Startup Stitchwood Gets $200K in Angel Round of Funding

Mumbai-based customised furniture startup Stitchwood which owned and operated by Tangramme Furnishing Solutions Pvt. Ltd, has raised $200,000 (around Rs 1.3 crore) in its third round of funding from Deepak Gupta, co-founder, Equity Crest and a bunch of unnamed angel investors, including high-net worth individuals (HNIs).

“We plan to raise about $400,000 in the third round of funding and have already raised $200,000. We have also got a commitment of another $100,000,” Ajit Shegaonkar, co-founder, Stitchwood told Techcircle.

The startup aims to utilise the funds for operations, marketing initiatives and enhancing customer experience. In July 2015, Stitchwood had raised $400,000 in an angel round from members of Powai Lake Ventures and a few individual angel investors. It had earlier raised $100,000 in its seed funding round from angel investor Ajeet Khurana besides other investors.

Stitchwood was founded in 2014 by IIT Bombay alumni Ajit Shegaonkar and Vikas Nair, the startup allows users to design their own furniture using the tools on the platform or upload the image of the furniture on the platform. With the online 3D design tool, the company allows customers to visualise their furniture design and helps them create their own furniture.

Stitchwood is currently serving customers in Mumbai, Bangalore and Delhi-NCR region and claims to be growing by 45% on a month-on-month basis. The average ticket size of customised furniture sales is more than Rs 1 lakh. The startup gets about 1000 queries on a monthly basis. Also, the firm has so far tied up with more than 200 micro, small medium enterprises (MSMEs) to manufacture the furniture.

The other players operating in the customised furniture segment is also catching investor interest. In January, Bangalore-based startup Infurnia Furnishings Pvt Ltd had raised seed investment of $160,000 from early-stage venture capital firm Idein Ventures.

In December last year, Hyderabad-based custom-made furniture e-tailer Customfurnish.com, secured about $4.5 million in a fresh round of funding from Bangalore-based family office Agnus Capital.

In the same year, Bangalore-based CapriCoast.com Home Solutions Pvt. Ltd, received $3.5 million in a Series A round led by existing investors Accel Partners India and Singapore-based VC firm RB Investments.

Digital and Entertainment Startup SillyMonks Gets Rs 3 Cr From HNI

Hyderabad based digital and entertainment startup SillyMonks – the YouTube Multi Channel Network Partner has raised Rs. 3 crore from HNI Sreenivasa Reddy Musani, CMD EKTHA Group. The deal, marked as the largest HNI investment in this space in South of India will help SillyMonks augment their market leadership and to introduce new digital media properties.

Sreenivasa Musani is an entrepreneur with 18 years in Internet & eCommerce related businesses specializing mostly in disruptive technologies. His passion is to invest and be part of technologies that make a difference in the way people interact and conduct business online.

“SillyMonks has shown tremendous potential in its growth and is well placed to be part of new digital revolution in India in the coming years, says Sreenivasa Musani. We are excited to be part of SillyMonks and the fast growing digital transformation space in India”.

The deal, which marks the largest HNI investment in this space in South of India will help SillyMonks augment their market leadership and to introduce new digital media properties.

Revealing the details Sanjay Reddy, Founder and Managing Director of SillyMonks said “The funds raised will further secure and maximise ROI for our clients, by delivering new digitally immersive online experiences to a highly connected customer base and help create innovative original content.”

In the immediate short term SillyMonks plans to launch six web series properties on their YouTube channel “SILLY TUBE” encouraged by the stupendous success of first Telugu web series MuddapappuAvakai produced by Pink Elephant Pictures under SillyMonks Network.

A startup venture founded by Media & Entertainment Specialist Sanjay Reddy and Anil Pallala in September 2013, SillyMonks is keen to expand its domination in content aggregation, customization, and deployment of contents in audio and video format for mobile carriers, devices, and music stores both in India and in world markets.

Outlining its services and brand strengths in the market Sanjay said "We have a multitude of popular digital media properties like MonkStar and over 650+ YouTube Channels with original content.We are looking at adding compelling content and options to brands and agencies eager to connect with the critical and growing digital demographics, in the online &television market space with a profitable combination of technology and content.”

The digital media product consumption in this segment is currently pegged at Rs. 8000 crore ($ 1.2 billion) and expected to grow at a CAGR of 33.5% to reach a mind boggling number of Rs. 25,500 crore ($ 3.9 billion) by 2020 in India. The company's main focus is to eye a significant pie of this cake.

In June 2014, SillyMonks had raised a nominal fund from an Angel Investor Korrapati Ranganatha Sai of Vaaraahi Chalana Chitram, a well-known producer and known for many movie hits like Rajamouli’s Eega (Makhi) & Legend.

SillyMonks clocked revenues of Rs. 4.75 crore in 2015-16 and in the current year the company anticipates 50% growth.

Image Source: ShutterStock

Cab Aggregator Platform TaxiVaxi Raises $500K In Seed Funding

Delhi-based cab aggregating platform TaxiVaxi has raised $500K in second round of Seed funding from HNIs. With the newly raised capital, the startup will be adding more services, enhance its technology and capabilities and develop the team further. It had earlier raised angel funding in November last year.

Founded in December 2014 by Neeraj Tayal, Ankit Gupta and Vinod Kumar, TaxiVaxi allows booking of radio taxi, tour taxi, self drive cars and carpooling from multiple operators and vendors on one platform. The startups has developed a solution where users can check availability, compare fares, check ETA, book, and plan their rides.

Apart from its consumer-facing segment, TaxiVaxi also caters to the corporate segment, offering them a separate web-based solution bundled with its app.



Speaking on the second round of funding, NeerajTayal, Co-founder and CEO, TaxiVaxi.com, said, ‘We are very pleased to have secured a second round of funding in such as short span of time. We have grown exponentially since our launch and are one of the few start-ups in India to show a profitable status in this short span of time. The second round will be a structured transaction and we will be using the funds to expand into more cities, strengthening our technology base and increasing workforce. We are expanding our presence in corporate travel segment with cashless/ paperless travel for employees for multiple travel options and we are receiving really good response so far.’

Presently, the startup operates in 300 cities across the country including Delhi, Mumbai, Pune, Gurgaon, Jaipur, and Lucknow among others. It has a current user base of 15000+ and 20 corporate clients with aggressive plans to grow upto 500 cities and achieve a target user base of 1000,000, by the end of 2016. TaxiVaxi also claims to have between 125-150 cab companies including Ola and Uber on its platform and has partnered with about 15 radio taxi operators and has about 20 corporate clients, which include luxury retail brand Good Earth and global human resource firm, AON Hewitt among others.

The startup recently launched an iOS app to expand its customer base including a new feature TaxiVaxi Wallet.

It competes with other cab aggregators like Scoot, EK and TaxiPixi among others.

Home Care and Wellness Services Provider MyCareLine Raises Rs 3.5 Cr from Two Female HNIs

New Delhi-based Indicare Health Services Pvt. Ltd, which runs home care and wellness services provider, MyCareLine, has raised close to Rs 3.5 crore from two female high-net-worth individuals (HNIs) based out of Singapore and India. One of them, a startup specialist, has invested more than $500,000 in the firm for a minority stake. The company is looking at raising around Rs 30-35 crore in the next round.

Founded in November 2014 by Anuradha Khairnar, MyCareLine develops technology-enabled solutions to deliver affordable patient care. Its Staff include experienced Nurses, Physiotherapists, Bedside Assistants, Dieticians, Clinical Psychologists, Maternity & Babycare professionals spread across 12 cities in India.

Going forward, the startup plans to set up six centres, of which one will be owned by the firm while the remaining will be operated by franchisees. It aims to scale this up to 35 centres by the third year and to 130 centres by the fifth year. Additionally, MyCareLine will be tying up with large residential complexes and townships to run wellness centres in their owned premises.

Recently, the startup has made a strategic alliance with with Hoffmann World, founded and led by Catalina Hoffmann, who is also a woman. This alliance will establish and implement the hoffmann method in age-specific wellness centers across India. In these centers, patients can receive specially tailored care suited to their needs from a wide range of medical professionals. Their team includes doctors, physiotherapists, dieticians, psychologists, occupational therapists and more, to ensure a holistic and well balanced service that addresses cross-disciplinary needs.

Recent deals in this space include Portea Medical, which is operated by Health Vista India Pvt. Ltd, and Medwell Ventures Pvt. Ltd. In September 2015, Portea Medical had raised $37.5 million in a Series B round of funding led by existing investor Accel Partners. In June last year, Medwell Ventures had raised $10 million in its Series A round investment from Fidelity Growth Partners India and Fidelity Biosciences.

Zenify Raises Rs 6 Cr in Pre Series A Round to Facilitate Growth

[caption id="attachment_105881" align="aligncenter" width="701"] Zenify's Founders[/caption]

Zenify, a home aggregator and rental management startup based in Bengaluru has raised Pre-Series A funding of Rs. 6 crore from High Networth Individuals (HNI), who have a minor stake in Zenify. Zenify will use the raised funds to further expand their range of services in India and strengthen its team to compliment their capabilities.

The company had earlier raised Rs 4 crore in angel funding from Srikanth and Bharath from K12 Techno Service Pvt. Ltd & Atul Jalan, Founder & CEO of Mathan Software Service Pvt Ltd. Zenify, today has a total funding of Rs. 10 crore.

Sudarshan Purohit, Kailash Rathi and Ankur Agarwal, all an alumni of IIT- M, co-founded Zenify, which lists over 1700 properties available for rent across Bengaluru. The platform provides owners and tenants a hassle free system to find and rent an apartment. The company aims to standardise the market rental pricing by predicting the market value of each property listed on their portal.

Speaking on this, Sudarshan Purohit, Co-founder and CEO of Zenify says, “This is an exciting moment for us. Over the past few months we have been concentrating on developing new services to ease pain points of rentals in India. Today, India has an untapped market of 4.5 billion for Managed Home Rentals with 4 million unattended NRI properties. We strongly believe that the real estate industry has a lot of potential for change and growth and the impending years will bring about the required changes, the industry so greatly needs.”

He further added, “We have already witnessed a major shift in consumer behaviour. Over 90% of the rental property booking is being done online through Zenify. We hope to take our product to other tenants and owners across India and help solve the rental problems.”

The company foresees scaling its business across the major cities of the country in less than two years and becoming a prominent player in the rental segment. It is competing with the likes of 99acres, MagicBricks, Quikr, IndiaProperty and Grabhouse among others.

GPS Attendance System Weballigator Raises $375K in Angel Funding

[caption id="attachment_105775" align="alignnone" width="701"] Weballigator's Team[/caption]

Weballigator, a unique GPS Attendance System that caters to the small SME, has received Rs. 2.5 crore ($375,000) in an angel round from a group of HNIs and Angel investors. The investor names are still undisclosed however the company raised funding from people who work for JP Morgan in New York and another one is Investment Head of a multinational bank in Dubai. Blueleaf Software which owns Weballigator was started by Joseph Rasquinha, Raju Monga, Zaheer Hussain and Syed Hussain in 2012.

Web alligator provides a GPS Attendance for all the SME’s in the service industry. The SME’s may be poor in adopting technology, but there are 1 billion Indians on the mobile phone, and 500 million internet users are clocked thus far. So a GPS attendance will ensure that this market has the potential to gain efficiencies and provide Weballigator with tremendous growth opportunities.

One of its important points is that the GPS Attendance works on Mobile Towers and not Satellite. So it will not drain the battery of the person using the phone, which is an important point as the SME’s don't have the high end phones that bigger companies give their staff.

The company has being building the product for 3 years and tested it over 4,000 clients in 120 locations in India, it have officially launched the product only in the last 2 months. Its focus is through Partners, many of whom are its own clients. The firm has started contacting Partners in the last 2 weeks and generate 15 partnerships in a week.

Since Weballigator is targeted for the SME market, it costs just Rs. 10 a day for the entire company for 50 people. It takes just 5 minutes to setup and you are ready to go. A Partner does not need training. We do the support and setup remotely if necessary, but in most cases, find that this is not required, as the product is user friendly.

Commenting on the Weballigator’s future plans, Joseph Rasquinha said, “Weballigator is the major entry point for our clients. Once they have a comfort level, and expect to increase their staff, or add more efficiencies in their Company, they can subscribe to our other modules in Weballigator Plus. This has CRM, Finance (which connects to Tally), HR, Recruitment RMS, Performance Appraisal, and a few other modules which constitute a minor cloud ERP. In our estimate, around 25% of the clients will shift to Weballigator Plus. We are looking at adding over 1,000 Partners across India in the next 12 months, and going by present indications, this will be exceeded.”

He further added that we are also planning a totally disruptive module in finance in the next 6 weeks for SME’s. This has a captive market of 1 million SME’s. This module is in testing, with the rationale have come from a Partner who saw a crying need in the market.

A. M. Sikander, an investor in Weballigator and a Serial Entrepreneur, who owns a Rs. 100 crore logistics business said, ”For me, being in the logistics and services business, I see great opportunity for Weballigator in this space. India spends 14.4% of its GDP on Logistics and Transportation, and any product that services this market is a huge winner. This is a major reason for my investment in Weballigator."

Last month, two HNIs – Praveen Khandelwal and Yatin Kumar have invested $1 million in angel funding in Legal Raasta Technologies Pvt Ltd, which provides legal services to entrepreneurs, SMEs and professionals over its online platform legalraasta.com.

Cleaning Services Provider Broomberg Gets Pre Series A Funding from Angel Investors and HNIs

Delhi-based cleaning services provider Broomberg has raised an undisclosed amount of funding in pre-series A round of funding from a group of angel investors and high net-worth individuals (HNIs). There are two angel investors  and eight HNIs who have invested in the company. The company will utilize these funds to explore new marketing avenues.

The funding amount is still undisclosed by the company. Founded by Samrat Goyal and Ishan Baisoiya in 2014, Broomberg Cleaning Services Pvt Ltd is a specialized deep cleaning services provider for homes and offices. It currently provide services like Full Home Deep Cleaning, Bathroom Cleaning, Kitchen Cleaning, Sofa Cleaning, Car Cleaning in all of Delhi and NCR.

The startup offers professional cleaning services for homes and offices in Delhi and NCR including Gurgaon, Faridabad, Noida, Indirapuram and Ghaziabad. Its cleaners are well trained, background checked and use advanced cleaning techniques to ensure the perfect deep clean.

Recent deals in this space

In February, Bangalore-based home services marketplace Housejoy, acquired at-home personal fitness tech startup Orobind for an undisclosed amount in an all-stock deal. The company also acquired cleaning and laundry startup MyWash Technologies Pvt Ltd. In the same month the on-demand home services platform Zimmber, acquired Gurgaon-based FindYahan India Pvt Ltd. In 2015, Paytm acquired homeservices provider Near in in December.

Cleaning Services Provider Broomberg Gets Pre Series A Funding from Angel Investors and HNIs

Delhi-based cleaning services provider Broomberg has raised an undisclosed amount of funding in pre-series A round of funding from a group of angel investors and high net-worth individuals (HNIs). There are two angel investors  and eight HNIs who have invested in the company. The company will utilize these funds to explore new marketing avenues.

The funding amount is still undisclosed by the company. Founded by Samrat Goyal and Ishan Baisoiya in 2014, Broomberg Cleaning Services Pvt Ltd is a specialized deep cleaning services provider for homes and offices. It currently provide services like Full Home Deep Cleaning, Bathroom Cleaning, Kitchen Cleaning, Sofa Cleaning, Car Cleaning in all of Delhi and NCR.

The startup offers professional cleaning services for homes and offices in Delhi and NCR including Gurgaon, Faridabad, Noida, Indirapuram and Ghaziabad. Its cleaners are well trained, background checked and use advanced cleaning techniques to ensure the perfect deep clean.

Recent deals in this space

In February, Bangalore-based home services marketplace Housejoy, acquired at-home personal fitness tech startup Orobind for an undisclosed amount in an all-stock deal. The company also acquired cleaning and laundry startup MyWash Technologies Pvt Ltd. In the same month the on-demand home services platform Zimmber, acquired Gurgaon-based FindYahan India Pvt Ltd. In 2015, Paytm acquired homeservices provider Near in in December.