Our latest funding roundup compiles investments in an auto rickshaw aggregator, platforms for lifestyle product discovery, Bitcoin trading, expert advice, and a maker of electric motorcycles.
Paytm announced Monday that it led the Series B funding of $10 million in Chandigarh-based Jugnoo. The auto-rickshaw hailing and hyperlocal delivery mobile app received $5 million from Paytm and the remaining from existing investor Snow Leopard and a new investor named Rocketship.vc. At present, the auto-rickshaw aggregator and hyperlocal delivery service provider operates in 30 cities and 11 villages across the country, and has a network of around 10,000 auto-rickshaw drivers.
Smytten, a discovery platform for premium lifestyle products, has received an undisclosed sum of funding from Rajan Anandan, MD of Google India and South East Asia. The startup said it will use this round of funding to enhancing user experience and product development, apart from expanding its user and brand base, with a focus on AI and personalisation. Founded by ex-Unilever and Google executives, Siddhartha Nangia and Swagata Sarangi – Smytten provides a curated discovery trial and shopping experience for over 80 domestic and international brands on its platform.
Indian Bitcoin trading platform Coinsecure announced a fund