CarTrade Mumbai-based car classifieds site CarTrade bagged $145 million in an undisclosed funding round from investors, including Singapore state investment firm Temasek Holdings, US venture capital company March Capital, and Warburg Pincus, which has previously participated in investment rounds for the web portal. 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 Early stage venture capital fund Unicorn India Ventures made its first investment today, a $239,000 funding boost in cab aggregator startup Roder. Unicorn was joined by a small group of investors. 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. Rentomo Bangalore-based peer-to-peer renting marketplace Rentomo raised $100,000 in a seed round of funding today from Shiva 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.Happy2Refer Job referral startup Happy2Refer secured $250,000 in angel funding from early stage Indian investor networks Equity Crest, Vinners, and Sparknext, as well as a group of individual investors. Happy2Refer was incubated by Sparknext. 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.