Unitus Seed Fund | Pixr8 News

9Apr By Sheldan RungasamyNo Comments

FUNDING

DriveU Raises Funding From Ex-Google Inc Executive Amit Singhal

DriveU, a startup that specializes in providing private drivers on-demand, recently secured Rs 1.6 Cr in a Pre-Series A round funding led by ex google executive Amitabh and Shilpa Singhal’s investment vehicle, Living Trust. The startup operated by Humble Mobile Solutions Private Limited first allotted 6449 shares at Rs 10 each and a premium of 2,490. While it was rumoured that Amit Singhal and DriveU’s existing investor, Unitus Seed Fund had invested about Rs 20 crore in the startup, it actually seems that the total about of this funding round amounted to Rs 1.6 Cr only. Since inception, DriveU has raised a total of INR 22 Cr from its investors. DriveU is a startup that focuses in providing professional drivers who know the city in and out to its clients who don't want to have the tr...

28Feb By NitishNo Comments

FUNDING

Medi360 Raises $500000 Seed Fund

Medi360, a cloud-based telehealth solution raises $500000 (3.5 Crore) funding from HITLAB & Unitus seed fund. The startup won the competition held at the Indian Institute of Technology, Delhi. Medi360 integrates electronic medical records with diagnostic devices and prescription capabilities. CEO of Medi360, Kumar Amar Jamdhiar said,"It was a great experience participating in the HITLAB World Cup as one of the finalists and we are extremely thrilled to be recognized as the winner. This provides further fuel to our motivation in the journey of making a meaningful impact to healthcare in India," Runners-up include MUrgency, a medical resources aggregator, Mother Diagnostics, a low-cost digital X-ray device, Mimyk Medical Simulations, an immersive medical simulation technology, a...

Blowhorn Raises Rs 25 Crore From IDG Ventures & Others

7Mar By AdityaNo Comments

FUNDING

Blowhorn Raises Rs 25 Crore From IDG Ventures & Others

Intra-city logistics start-up, Blowhorn, has raised USD 3.65 million (about Rs 25 crore) from IDG Ventures India, Michael & Susan Dell Foundation and existing investors Draper Associates and Unitus Seed Fund. The company plans to utilise the proceeds from the Series A funding to expand operations to eight cities in the next 24 months, with over 25,000 daily active drivers, Blowhorn said in a statement. Founded in 2014 by Mithun Srivatsa and Nikhil Shivaprasad, Blowhorn offers a tech-enabled platform to connect customers to mini-truck owners, enabling intra-city, sub 2-tonne deliveries. The company has 50 full-time employees and is present in Mumbai, Bengaluru, Chennai and Hyderabad. "We have been able to leverage technology and operational innovation to emerge as a market leade...

Education Start-up Cuemath Raises $4 million

7Jun By AdityaNo Comments

FUNDING

Education Start-up Cuemath Raises $4 million

Cuelearn Pvt Ltd also known as Cuemath runs an Education start-up has raised $4 million from Sequoia venture capital firm and existing investor Unitus Seed Fund. With this round of funding, Cuemath aims to expand to international markets and increase the number of teachers that use its platform from 1,200 to 5,000. The firm declined to say how many students use its platform. “What we are essentially saying is that we don’t require someone to teach actively. Unlike others, in our case, the system is doing the teaching, and not the teacher. Math is the biggest need for children. Fitting many subjects into the same time slot will dilute the learning,” said Manan Khurma, founder of Cuemath. The firm had in August raised an undisclosed amount from Alok Mittal, former managing director of ...

Unitus Seed Fund Invests in DriveU, India’s First On-Demand Private Driver Service

29Feb By AnkitaNo Comments

FUNDING

Unitus Seed Fund Invests in DriveU, India’s First On-Demand Private Driver Service

29th February, 2016. Bangalore, India: Unitus Seed Fund, India’s most active seed fund supporting startups innovating for the masses, announced its investment in DriveU, a firm that aggregates on-demand drivers for private car owners in India. If Uber and Ola have changed the way people travel in urban India, there has been another creeping gap – that of utilization of privately owned vehicles in the country that has largely remained unaddressed. According to recent reports, there are more than 15 lakhs (1.5 million) private cars in Bengaluru, and 30% of the car owners are seeking drivers. And that’s just in Bangalore! DriveU, founded in 2015 by Ramprasad “Rahm” Shastry, Ashok Shastry and Amulmeet Singh, intends to revolutionize the self-driving habit in the country by addressing the...

With 23 Portfolio Companies across 6 Sectors, Unitus Touches 655,000+ Lives across 22 States of India

25Feb By NitishNo Comments

ANALYSIS

With 23 Portfolio Companies across 6 Sectors, Unitus Touches 655,000+ Lives across 22 States of India

25 February 2016, Bangalore: Unitus Seed Fund, India’s leading seed-stage impact investor, released its annual fund and portfolio impact report. Since 2013, the fund has made a total of 23 investments across sectors including Education, Healthcare, Financial Technology, Agriculture, Retail and Ecommerce, Mobile and Consumer. Their new impact report shows doubling of the total portfolio reach, touching more than 6.5 lac low-income lives across 22 states in India. According to the Global Impact Investing Network, the market for impact capital is currently $60B and is expected to reach $2 trillion over the next 10 years. In India, there has been a shift of mindset from pure not-for-profit enterprises to establishing sustainable and scalable market-based models to tackle low-income popul...

Unitus Seed Fund Invests in BetterPlace, India’s Leading Safety and Trust Platform

16Feb By AdityaNo Comments

FUNDING

Unitus Seed Fund Invests in BetterPlace, India’s Leading Safety and Trust Platform

16th February, 2016. Bangalore, India: Unitus Seed Fund, India’s most active seed fund supporting startups innovating for the masses, today announced an investment in BetterPlace Safety Solutions, a Bangalore-based digital background verification solution provider aiming to create “A Better Place For A Billion+ Indian Citizens By SAFE Powering Them”. Founded in 2015 by Uday Singh, currently the Group CEO of SIS Group and Pravin Agarwala, former Global head of Cloud ERP Development at SAP, BetterPlace has created India’s first web service that addresses the ‘trust deficit’ in any form of alliance or interaction between individuals and entities. From verifying the credentials of a potential tenant, to hiring a maid, to fulfilling the workforce hiring requirements of large organizations, B...