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Funding Digest: Mobstac, Mswipe, Homeveda & EkStop Raise Funds

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Funding Digest 7-001

Mobstac Raises $2 Million From Accel Partners and Cisco.

Mobstac, the Bangalore based startup that offers mobile website solution to web publishers has raised $2 million Series B funding from Accel Partner Ventures and Cisco.

The funds have been raised to spruce up their marketing and sales resources for global expansion.

The company had earlier raised $75000 seed funding from angel investors in 2009 followed by Series A funding of $400,000 from Accel Partners and Mumbai Angels. With this series B, Mobstac has raised a total of 3.1 million in funding.

Mobstac currently has 25 paying customers and attracts 5 million unique visitors as of date.

Mobile POS solution provider Mswipe Raises Funding from Matrix & Axis Bank

Mumbai based Mobile Point-of-sale solution provider Mswipe has raised undisclosed amount of Series B funding from their existing investors Matrix Partners & Axis Bank reports Techcircle.

The funds have been raised for general business expansion.

Mswipe had raised angel round of funding in 2012, followed by Series A in January 2013 from Matrix and Axis Bank.

Mswipe was setup by Manish Patel in 2011, which launched a small hardware device that could be plugged to smartphones enabling credit and debit cards to be swiped to accept payments.

Health Video Portal Homeveda raises funding from Blume Ventures

Homeveda, the portal for DIY instructional videos for common health conditions has raised undisclosed amount of funding from Blume Ventures reports Medianama.

The funding will be used to scale up operations and increase the number of videos available on their portal.

Homeveda Videos are currently available through their own portal, on Youtube, on Airtel & Vodafone mobile network and also on DTH through Tata Sky. They have also recently launched a Roku channel. On youtube Homeveda has over 200,000 subscribers and have clocked over 30 million views till date

Online Grocery Store EkStop Raise funds from Unilazer Ventures

Mumbai based online grocery store EkStop.com has raised undisclosed amount of funding from Ronnie Screwvala’s Unilazer Ventures Ltd. reports VcCircle.

The funds raised will be utilized to spruce up their technology, Talent acquisition and expansion to other cities.

Currently, EkStop delivers groceries across Mumbai and will shortly be expanding to Thane and Navi Mumbai. They currently have partnerships with over 500 brands and offer more than 8000 products online.

Before this round, EkStop has raised angel funding from group of angel investors.

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