Start-ups in the news

Uniphore Software raises funding

Chennai-based Uniphore Software Systems, a pioneer in Indian language speech recognition solutions, has raised an undisclosed sum from a consortium of investors that include Indian Angel Network, YourNest Angel Fund, and Ray Stata, co-founder of Analog Devices. Uniphore will use the funds for expansion. The company plans to foray into other non-English speaking regions such as southeast Asia and West Asia. Uniphore will also look to strengthen its speech-based products and create more context-based and personalised applications.

KarmYog raises funding

KarmYog Media and Entertainment Education Network, a Kolkata-based organisation focused on vocational education in the media and entertainment space, has secured funding from Singapore-based investors in lieu of a minority equity stake in the company. Details of the investor, as well as the investment, weren't disclosed. It will use the funds for its flagship programme, Indian Idol Academy, which trains students aged 6-15 in music.

Bhupathi's Sports365 gets funding

Bangalore-based Sports365, the Mahesh Bhupathi-backed e-commerce company that retails sports and fitness products, has raised an undisclosed amount from Powerhouse Ventures, according to a report on legal news website Bar & Bench. Delhi-based law firm Gnarus Partners advised the US-based investment firm, which invests in the technology sector, specially mobile-internet innovations. Launched in 2012, Sports365 sells sports equipment and accessories such as tennis rackets, fitness shoes and apparel, among other items.