Photo credit: Pixabay.
Fashion portal Jabong receives a much-needed funding boost. Meanwhile, an online pharmacy chain, rail travel information site, and child health tracking startup also receive investments. Check out this colorful group of Indian startups that have scored funding today.
Jabong
Photo credit: Art Comments.
Rocket Internet-managed Global Fashion Group, which runs Jabong and five other clothes and accessories stores, has raised US$339 million in a new funding round.
The announcement comes on the heels of a report suggesting Jabong is running out of money. This latest round can only help.
CareOnGo
Photo credit: Pixabay.
Online pharmacy chain CareOnGo has secured an undisclosed amount of pre-series A funding from Farooq Oomerbhoy of FAO Ventures and a group of other investors. The group includes People Group’s Anupam Mittal and Anand Mittal; Ravi Garikipati, head of Flipkart’s ads business; Unicommerce co-founder Vibhu Garg, Singapore Angel Network, and Konglo Ventures.
Letsventure, which connects startups with angel investors and venture capital firms, played a part in connecting these parties.
Founded in September 2015 by Aditya Kandoi, Ritu Singh, and Yogesh Agarwal, CareOnGo received US$300,000 in seed funding two months ago. It is a mobile app that connects users with micro-pharmacies, allowing users to buy medicine from their approved neighborhood pharmacies.
The startup will pursue co-branding all of its pharmacies and expansion, particularly into analytics.
RailYatri
iCHR
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