Big money continues to flow around India’s startup scene. Here are five of the latest Indian startups bringing in the moolah to scale up.
Taskbucks
Digital products company Times Internet has invested $15 million in Taskbucks, acquiring a majority stake, the company announced today.
Taskbucks is a mobile-only marketplace that rewards consumers for engaging with brands through a range of tasks. It’s available on Android, and has reached nearly five million downloads.
CashKaro
Online cashback and coupons site CashKaro has scored its latest batch of funding – INR250 million (US$3.8 million) in a series A round from Bangalore-based Kalaari Capital. This is the first time a local VC firm has invested in a cashback-oriented startup. You can read more about it here.
Absentia
Absentia, the Indian company that built the Tesseract virtual reality headset, has just bagged INR12 million (US$181,000) in seed funding from investors led by Astarc Ventures and 50K Ventures.
The little-known device can put a 3D spin on multiple things – from panoramic pictures to real estate properties to your favorite video games.
Renowala
Hyderabad-based startup Renowala has raised angel funding from the promoters of software technology firm Logtally for a 15 percent stake in the company.
Renowala aims to change the home improvement service experience for Indian customers.
Octathorpe
Hyderabad-based startup Octathorpe Web-Consultants, which promotes the online cricket management game Hitwicket, has secured an investment of US$250,000 from Chennai Angels.
Editing by C. Custer and Malavika Velayanikal
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