Workflexi.in, an online marketplace for contract workers, has raised Rs.1 cr. ($157,300) in a seed round led by Kamalraj Chandrasekaran, founder and executive director of Kamalraj Hospitality Concepts India Pvt Ltd. Bengaluru-based Workflexi.in will use the funds for product development, team expansion, and to execute marketing activities.
Last Week's Deals
Kuants, an algorithmic trading platform, has raised Rs.50 lakh from angel investors, Pankaj Chopra and Ankush Gupta. Set up in October last year, Kuants plans to use the fresh funds to strengthen its technology backbone.
Discount brokerage firm Zerodha, through its in-house incubator and fund Rainmatter, has invested Rs.2.25 cr. in Streak – a first-of-its-kind platform where traders can create trading algorithms without coding. The funds raised are being used for product development as well as hiring.
Offline, proximity-based mobile payments solutions startup ToneTag has raised $1.3 million (Rs.8.46 cr.) funding from an overseas investor, Tropical Star Limited. Till date, ToneTag has raised more than $2.3 million funding across three rounds.
Gurugram-based surface transport and logistics company Rivigo Services has closed a $50-million (about Rs.333 cr.) funding round, which has been led by two of its existing investors, marquee private equity firm Warburg Pincus and sector agnostic investment firm SAIF Partners.