Founded in 2009 by Rajan Mehra and Vinay Sanghi, the site has since become one of India’s largest auto classifieds center since its acquisition of competitor CarWale from German media company Axel Springer last year.
Roder, which launched in December 2014, was founded by IIT Kharagpur alumni Abhishek Negi, Ashish Rajput, and Siddhant Matre.
The taxi-hailing service available via an Android app, its website, and call center, is currently present in 13 cities.
Ashok, an angel investor, and another unnamed investor based in the UAE.
Founded by former Amazon engineer Anshul Johri in May 2015, the website and Android app connects owners and borrowers to facilitate rentals of everything from electronics to fitness equipment and motorcycles. It has since grown to serve customers Delhi, Lucknow, and Pune.
The funds will be used for further expansion, including building a larger customer base, product development, marketing, and sales.
Happy2Refer was founded by Nimit Bavishi, Harshit Bavisi, and Mitesh Jain.
This is an excerpt from Tech in Asia. You can read the full article here.