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Funding Digest: Flatpebble, MeritNation, Eventifier, Portea Medical Raise Funding

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Funding Digest 6-001

Portea Medical Raises Rs. 48 crore funding from Accel Partners and Ventureast

Bangalore based Portea medical has raised Rs. 48 crore in series A funding, which is largest investment till date in a home healthcare company in India. Accel Partners and Ventureast participated in this round.

Portea Medical is brainchild of husband wife duo of K Ganesh and Meena Ganesh, serial entrepreneurs who recently sold their last venture, TutorVista to Pearson for USD 213 million.

Meena Ganesh, Co-founder and CEO at Portea said about the investment, “The funds will help us strengthen our offering even as we accelerate our expansion across India in the coming months, and continue to invest in advanced diagnostic and remote monitoring technology to support our clinicians as they deliver a range of in-home healthcare services,”

Mahendran Balachandran of Accel and Venkatadri Bobba of Ventureast will join the Portea Medical Board of Directors.

Info Edge Invests Rs. 10 Crore in Meritnation, ups the stake to 55.81%

Info Edge has infused Rs. 10 crore in fresh round of funding into online education and assessment company Meritnation. Earlier in February this year, Info Edge has had invested Rs. 30 crore in Applect, the parent company of Meritnation. Prior to that they had invested a total of 31.5 crore in 3 rounds. With this funding, Info Edge has in all invested 71.5 crore and now hold 55.81% stake.

The funds raised will be utilized for strengthening Meritnation’s brand, content creation and for market purposes.

Meritnation.com, started in 2009, provides online courses to K-12 students in maths, science and english. They currently have a base of 5.6 million users and hope to expand it to 7 million by end of this academic year.

Eventifier Raises $500,000 Seed Capital from Accel & KAE Capital

Bangalore based Eventifier, a company that helps archive Social Media Conversations of events has raised a seed round funding of USD 500,000 from Accel and KAE Capital.

The funds will be utilized to hire data scientists and strengthen their sales and marketing efforts.

Eventifier was conceptualized by Jazeel Badur, Nazim Zeeshan and Mohammed Saud in 2012 during a hackathon organized by the Startup Center.

The core offering of Eventifier is to aggregate and present all the conversations and sharing that is happening in regards to a particular event all in one place. Eventifier does it based on a hashtag of that event. It will scan various social media sites and bring everything that it aggregates all in one place on a single event page.

Flatpebble raises undisclosed amount of angel funding from various investors

Hyderabad based Flatpebble, an online portal that offers photographers on hire for weddings and other events has raised undisclosed amount of funding from clutch of investors. While the quantum of funding is not disclosed, the amount is less than Rs. 1 crore.

The funds will be utilized to strengthen their technology platform and marketing efforts.

Flatpebble could be termed as a marketplace for photography services. Any photographer can list themselves and offer their photography services, while people who need to hire photographers can list their requirements on the site.

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