Frapperz: On-demand home service startup Frapperz is all set to raise additional funding of $400K (Rs 2.57 Crore) from their existing investors. The funding round is led by the co-founders, and Australian healthcare entrepreneur Shiva Gunapu. The funding round will be participated by Hyderabad-based HNI Sirish Tarumani, who’s also been an existing investor of the startup.
The new funding comes within a month when the Frapperz has raised $100 K of seed funding from the investors.
The fresh funds will come within the next 3-6 months. Frapperz will use the funds for strengthening the technology background and for the expansion of their operations.
The husband-wife duo founder, Jyotirmay Kanthal and Rimjhim Ray said: “We plan to go for the next round of fundraising only after the startup has improved its revenue earnings over the next 12 months. We, however, do not plan to dilute our stake beyond 80% from our existing 90% holding.”
Read more about Frapperz.
POPxo: A digital Lifestyle Community startup POPxo, has managed to raise funding of Rs 20 crore (USD 3.1 million) in fresh funding from the existing investors. The funding round was led by IDG Ventures India and Kalaari Capital. The funding round also saw participation from GREE Ventures (Japan), Summit Media (Philippines), Atul Goel and Gurpreet Singh.
Previously, in March 2017 the startup raised Series B funding of $2.7 Million from their investors.
Priyanka Gill, CO-Founder and CEO of POPxo said: “”Our platform allows women to connect with others. We focus on leveraging our large user base to generate transactions – beginning with affiliate e-commerce, across categories.”
The new funds will be used to develop tools on the product/technology front that will make it easier for the company’s female-centric user base to interact, engage, find what they are looking for and shop for the same.
Karan Mohla, Partner at IDG Ventures India, said: “POPxo has become a dominant and enduring media brand and has created a platform for the largest and most engaged community of women in India.”
Read more about POPxo.