India Funding Roundup: Stock Trading and Cloud Management Platforms, Energy Analytics, and More

Our compilation of funding activity covers investments in consumer internet, hyperlocal e-commerce, solar power solutions, and more.

Delhi-based Indulge Beverages that owns and operates tea and coffee capsules maker brandBonhomia, has reportedly raised $1 million (roughly Rs. 6.7 crores) in angel funding. The startup retails its products through an online retail store and brick-and-mortar retailers such as Modern Bazaar and Godrej Nature’s Basket.

OyBob, an online marketplace for for on demand local services has reportedly raised an undisclosed amount angel funding from Sachin Dalal, Co-Founder, Oybob offers a discovery app on Android for local services and products, and presently serves the Delhi NCR region. The startup plans to add more organised vendors and services to its marketplace, and extend its services to other cities.

Kalaari Capital is reportedly leading a Rs. 27 crore round with participation from GVK Davix Technologies and other investors in online stock trading and brokerage firm RKSV. The Mumbai-based company is reportedly clocking a daily-traded turnover of over Rs 6,000 crore across the NSE, BSE, and MCX.

Bengaluru-based ActOnMagic, a cloud management and analytics solution provider has reportedly raised seed funding of around Rs. 85 lakhs, led by NetMagic cofounder Jayabalan Subramanian. Founded in 2014 by Madan Ganesh Velayudham, the startup provides ActOn-Cloud, a software platform for enterprises to manage private and public clouds with actionable insights.

iGrenEnergi, a startup focused on solutions for the solar and energy sector has reportedly raised $1 million (roughly Rs. 6 crores) in additional funding from Sunil Mehta, an active New York area angel. The company has created products for the clean tech sector to optimise generation, conversion, and storage of energy.

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