MagicX Raised $1million (Rs 6.6 crore) From Infosys Co-founder Kris Gopalakrishn
MagicX, an on-demand chat-enabled app to manage day-to-day tasks, today said it has raised USD 1 million (about Rs 6.6 crore) from marquee investors including Infosys co-founder Kris Gopalakrishnan, Manipal Education and Medical Group MD Ranjan Pai.
The fund raised will be used for team expansion, marketing initiatives, addition of service categories and technology up gradation, MagicX said in a release.
"The backing weve received from some of the smartest investors and entrepreneurs in the business will help us build on our cutting-edge technology platform. We will also use some of the funds to market our app to the right audiences," MagicX Co-founder and CEO Pratyush Prasanna said.
The company is also in talks with four venture capital firms to raise a USD 5 million Series A round....