Prime Venture Partners

Perpule Secured $4.7 million from Kalaari Capital and Others

15Nov By Gauri SinghNo Comments

FUNDING

Perpule Secured $4.7 million from Kalaari Capital and Others

An omni-channel retail tech startup known as Perpule has reportedly raised $4.7 million in a Series A funding round. The particular round was led by Prime Venture Partners, Kalaari Capital and Venture Highway. The company provides consumers with a self checkout option at retail outlets, intends to use the funds for expansion into more outlets across 10 cities in the next year. The app allows customers to discover items, scan barcodes, get offer and pricing information for the products and the option to checkout and pay. Perpule is already working with retailers like Big Bazaar, Vishal Mega Mart, SPAR, MORE, HyperCITY, as well as with Quick Service Restaurants (QSRs) such as KFC. Also, the startup recently launched a digital cafeteria solution for QSRs which include cafeterias and ...

16Oct By Gauri SinghNo Comments

FUNDING

myGate Secures $8.8 million in Series A Funding Round

Mobile-based security management solution for gated premises called myGate has secured funds amounting to Rs 65 crore (around $8.8 million) in Series A funding round. This round was led by existing investor Prime Venture Partners. The company is planning to utilize these funds to grow rapidly across 10 cities including Chennai, Mumbai and Delhi-NCR. It has not been mentioned whether any other backer took part in the funding round or not. myGate is owned and operated by Bengaluru-based Vivish Technologies Pvt. Ltd and was founded in 2016 by Vijay Arisetty, Abhishek Kumar, Vivaik Bhardwaj and Shreyans Daga. “Technology is pervasive and it was only a matter of time for the security at gated communities to be transformed using smart and intelligent solutions… We will expand the myGate t...

18May By Sheldan RungasamyNo Comments

FUNDING

Health-tech Startup Founded by Former Myntra Execs Raises Funding

Mfine, a health-tech startup focused predominantly in Artificial Intelligence recently raised a Series A funding round of $4.2 Mn led by Prime Venture Partners. This round of funding also saw the participation of existing investors such as Stellaris Venture Partners and Mayur Abhaya who is also an entrepreneur in healthcare. This is the second time that the company is raising funds, having previously raised $1.5 Mn from Stellaris Venture Partners in September 2017. The funds raised will serve the purpose of building the hospital networks across cities while strengthening the team behind the manufacturing of the technology. It is also targeting making over 1-lakh consultations coming end of 2018 and sign partnership deals with 50 additional hospitals in India. Mfine saw the day in ...

14Apr By Sheldan RungasamyNo Comments

FUNDING

FinTech Startup AffordPlan Raises Funding from Lok Capital

AffordPlan, the healthcare financial planning platform recently raised a funding round of Rs 55.8 crore in a Series B funding round from Lok Capital and Omidyar Network. This funding round also saw the participation of existing investors Prime Venture Partners and Kalaari Capital. The company which is owned and operated by Usekiwi Infolabs Private Limited first allotted 20 equity share of Rs 10 a piece at a premium of Rs 52,741.18 a piece as well as 10,584 Series B preference share worth Rs 20 a piece at a premium of Rs 52,731.18 per share. Affordplan is a platform that helps its users plan and prepare medical expense for non-life threatening injuries and interventions. Affordplan is a company based in Delhi and was founded in 2015 by MIT/IIM alumni Tejbir Singh and Hemal Bhatt who a...

Apartment Security App myGate Raises Rs 16Cr

18Jan By PriyankaNo Comments

FUNDING

Apartment Security App myGate Raises Rs 16Cr

Bengaluru based apartment security management solution provider myGate has raised Rs 16 crore funding in a round led by Prime Venture Partners. Founded back in 2016 by Vijay Arisetty, the platform comprises of Android/iOS apps for security guards and residents that digitally logs in the visitors' exits and entries, thereby eliminating the traditional "paper and pen system." The company is planning to revamp the technology its platform uses and strengthen its geographical presence in Pune, Hyderabad and Delhi-NCR. "We are looking at scaling up to 2 million homes across the top 7 cities within the next two years," Arisetty said. The security services market in India is valued approximately at $6 billion, out of which gated-premise security market is worth $2 billion, as per the r...

25Sep By RishabhNo Comments

FUNDING

Tech Startup Synup Bags $6 Mn Series A Funding

Bangalore-based startup Synup that provides Saas solutions for marketing of local businesses, has raised $6 million in Series A funding led by Vertex Ventures. The round also saw the participation of its existing investor Prime Venture Partners. Launched back in 2014, Synup was founded by 23-year-old Ashwin Ramesh along with industry veterans Mohan Gopalakrishnan and Karthik Krishnamoorthy.The startup caters to merchants currently in the US, but has plans to start operations in Western Europe and the UK as well. With the funding in hand, it will focus on strengthening its tech platform to cater to a larger chunk of merchants and expand to newer geographies. "We have 50,000 merchants signed up on our platform using our services presently. We have to increase it to 5 lakh over the...