The company plans to utilise the funds for building technology and enhance operational capabilities.
Plans to increase footprints in over 1000 locations in India in the next two years.
GrabOnRent, an online product rental service, today said it plans to raise USD five million in series A funding to fuel expansion plans.
The funds will be utilised for product development, strategic hires, and creating localised content.
This series A investment of USD2 million, upswings the scalability of the company and provides it a sizeable balance required to increase its operation on the technical front and market expansion.
The routing can happen as a seed stage or pre-series A funding round. Now to embezzle the funds, from that startup money you can buy a luxury car, pay yourself, your kin huge sums as directors. There are other assets that can be bought with that money in the company‘s name.
Fintech platform LoanTap today said it has secured USD 3 million in a first strategic round of funding (Series A) from high net worth individuals (HNIs) Abhishek Pandey and Jaysukh Sapra.
US-based ad tech startup AdPushup, creator of a patent-pending ad layout optimization platform, has secured an undisclosed amount of financing as part of its Series A round led by Geniee, Inc., whose major shareholder is SoftBank Group Corp
Sun Telematics, one of the early entrants and leading players in the telematics space in India, today announced that the company has closed a Pre Series A round from Angel investors for an undisclosed amount.
Fxkart.com, an online aggregator of authorised foreign exchange dealers, is looking to raise USD 5 million in Series A funding by the end of this quarter.
HealthifyMe, a mobile health and fitness startup on May 10 announced Series A funding of USD 6 million (about 40 crores) led by IDG Ventures India, Inventus Capital and Blume Ventures.
Location-based mobile fashion platform Fashalot has received Series-A strategic funding led by YourNest Angel Fund and marquee investor Rahul Garg for an undisclosed amount.