Tosshead receives ₹20 crore

Event equipment and event packages booking start-up Tosshead has raised about ₹20 crore ($3 million) from some US-based NRIs. The company now offers services in Bengaluru and will use the money to expand to Delhi, Mumbai, Chennai and Hyderabad in 6-12 months. Some of the money will be used to improve its technology.

Sales and marketing solutions platform Benddit has raised about ₹1.73 crore ($250,000) in seed funding from industry veterans. The money will be used to grow the team and improve machine learning capabilities.

NEEV Fund, backed by SBICAP and the UK Government’s Department for International Development, has invested about ₹34 crore ($5 million) in Punjab Renewable Energy Systems Pvt Ltd. The company will use the money to expand the business in the area of biomass supply chain.

Indian Angel Network has invested ₹3.5 crore in Pune-based SparesHub, an automobile parts start-up. The company will use the money to expand and strengthen its technology capabilities. ‘

The Wedding Brigade, a content-to-commerce portal, has raised about ₹6.9 crore ($1 million) in a pre-Series A extension round led by Japan-based AET Fund and Blume Ventures. The money will be used to scale the portal’s latest business of creating and operating wedding banquet spaces and to invest in the existing content and e-commerce businesses.

Vivriti Capital, which runs a leading technology-enabled marketplace for institutional and enterprise debt, has raised ₹110 crore from existing investor Creation Investments. Vivriti will use the money to grow its balance sheet and to strengthen its marketplace platform.

Guiddoo, a travel technology start-up, has raised an undisclosed amount of funding from SOSV, a venture capital firm based in New Jersey, and Artesian China Fund to build its products and offerings for China. Guiddoo now offers its services across 15 international destinations and works with more than 4,000 travel agents in India. It had raised ₹1.9 crore in 2017 and ₹ 6 crore in December 2018.

Acko General Insurance, an online insurance provider, has raised about ₹450 crore ($65 million) in a Series C round from existing and new investors. Binny Bansal, co-founder, Flipkart, has put in about ₹173 crore ($25 million). The other new investors are RPS Ventures and Intact Ventures Inc. Existing investors that participated in this round are Amazon, Accel, SAIF Partners and TechPro Ventures. Acko will use the money to grow the business.

HelloVerify India has raised an undisclosed amount of funding from Lead Angels network and leading Silicon Valley investors such as Y-Combinator, Data Collective and Venture Souq. HelloVerify is an API background screening platform. It will use the funds to accelerate and expand its technology by integrating and increasing the role of artificial intelligence in its background check technology.

Bengaluru-based food and beverage brand &Me, which is focussed on women’s daily health and wellness, has raised an undisclosed amount in follow-on investment led by existing investor Matrix Partners India and participation from consumer VC fund Sauce.vc. The company will use the money to expand the team, scale operations nationally and widen its product offering.

Venture capital firm GVFL Ltd has invested an undisclosed amount in Ahmedabad-based EroNkan Technologies which provies infrastructure that enables IoT technology for applications across various industries and verticals. The money will be used for research and trials required to develop the engine.

StayAbode, a co-living spaces start-up, has received an undisclosed amount as an add on to its pre-Series A rounding from Voyage Group, Akatsuki and Incubate Fund. StayAbode, which has 1,200 beds in 19 properties in Bengaluru, plans to expand to other cities.

Software products company Zoho has acquired ePoise Systems, a hiring automation product start-up for an undisclosed amount. Zoho has more than 40 business applications in areas such as CRM, HR, Finance, Office productivity and customer services.

Zinier, which provides intelligent field service automation, has raised $22 million in Series B funding from Accel, Founders Fund, NGP Capital, Qualcomm Ventures and Newfund. It will use the money to accelerate global growth and expand its platform. Our Bureau

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