4 rising startups in India – Sept. 21, 2016

Photo credit: Sharing Game.

Good news for those looking to add a little furnishing to their homes – a furniture ecommerce site has brought in a hefty amount of series E funding. A startup dealing with co-working and co-living spaces, as well as a customer engagement company also gain investments. In the meantime, a healthcare startup gains some cash to help people keep track of their medical records. Check out the startups that made our funding list for today.

Pepperfry

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Furniture and home marketplace Pepperfry has brought in over US$31.3 million in series E funding from current investors Goldman Sachs, Bertelsmann India Investments, Norwest Venture Partners, and Zodius Technology Fund.

The company will put the funding toward growing logistics and rolling out its service network to 1,000 cities. It also plans on expanding its offline Pepperfry Studios to second- and third-tier cities over the next two to three months.

Founded in 2012 by ‎Ambareesh Murty and Ashish Shah, the Mumbai-headquartered startup claims to operate through 17 hubs and have a delivery fleet of over 400 vehicles. Currently, its services extend to over 500 cities.

CoLife

CoLife, which operates a shared network of living and working spaces, has secured US$1 million in seed funding from a group of angel investors. The identity of the investors remains undisclosed.

CoLife currently has 15 properties in Bangalore and plans to expand to Hyderabad, Pune, and Gurgaon. It counts over 1,000 community living members and over 25 startups and small businesses in its coworking spaces.

It is working on a software-as-a-service (SaaS) app to up its logistics.

Founded by Suresh Rangarajan last year, the startup competes with 91springboard and BHive – both co-working spaces. Its co-living model is that of a paid-guest (PG) model.

PurpleDocs

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Healthcare records company PurpleDocs has gained an investment from parties, including KellyGamma, Lead Angels, and some high net-worth individuals. The funding amount is undisclosed.

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