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India Funding Roundup: Reverie, Vyomo, DropKaffe, Djubo, BetterButter

India Funding Roundup: Reverie, Vyomo, DropKaffe, Djubo, BetterButter

Bengaluru-based Reverie, which provides a Language-as-a-Service platform for businesses to incorporate local languages in their content and apps, has raised $4 million (roughly Rs. 26.5 crores) in its Series A from Aspada and Qualcomm ventures. Sahil Kini of Aspada will also join Reverie's board. The firm aims to create a content-rich Internet that is accessible to over 5 billion users of every local language, and claims to have generated $1 million (Rs. 6.6 crores) in revenues as a boot-strapped entity.

YouWeCan-backed mobile marketplace app for beauty and wellness, Vyomo has raised $2 million (roughly Rs. 13.3 crores) in a pre-Series A round from Rocket Internet, Iamwire reported. Founded by Abhinav Khare and Poonam Marwah, the firm offers SaaS-based salon management software, and has apps for Android and iOS users to search and book appointments at beauty centres based on location, reviews, and ratings.

Bengaluru-based online coffee shop DropKaffe has raised $300,000 (roughly Rs. 1.9 crores) in a seed round led by angel investor Manish Singhal and Silicon Valley-based fund P39 Capital, VC Circle reported. Founded in 2015 by Chaitanya Chitta, Amar Yashlaha, Lakshmi Dasaka, and Rakshit Kejriwal, the firm has delivered over 50,000 coffees, and plans to launch a mobile app soon.

Ibibo group has acquired a minority stake in cloud-based hotel sales platform provider Djubo for an undisclosed amount, Medianama reported. Founded in 2014 by IIM alumnus Tarun Gulati, the Delhi-based firm will integrate its solution with Ibibo's group products, such as PayU, Redbus, and Ryde.

Delhi-based BetterButter, an online social discovery platform for recipes has raised $250,000 (roughly Rs 1.65 crore) in seed funding, led by GrowX Ventures, with participation from M&S Partners, Manish Singhal, and Rajesh Sawhney. Founded in 2015 by Sukhmani Bedi and Niyaz Laiq, the platform lets users create, share, and discover recipes, and also plans to launch an app soon.


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