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Nexus Venture backs Procurify

Business Standard 

Venture capital firm Nexus Venture Partners, along with Point Nine Capital and Business Development Bank of Canada, has invested $4 million in Canadian software-as-a-service start-up Procurify. The company will use this funding to fuel continued growth in the multi-billion dollar cloud and mobile enterprise software market, with further investment into sales, marketing and product development.

BroEx raises $1 million

BroEx, India's largest network of real estate brokers, has raised $1 million in an early-stage financing from Lightspeed India. At present, 25,000 brokers actively use the network across Delhi-NCR, Mumbai, Bengaluru, Pune, Ahmedabad and Jaipur, the company said.

IndiaMLS gets Rs 1.09 million

IndiaMLS Systems, which runs the online network of real estate brokers IndiaMLS, has secured seed funding of $1.09 million from a group of high networth individuals. The membership-based software platform, which helps real estate brokers upload property listings to a common network, is designed to increase brokers' efficiency, help them save money and bring structure and standardisation in the real estate market.

JoybyNature raises $1 million

JoybyNature, an e-commerce marketplace for organic products run by New Delhi-based Pavitra Retail Private Limited, has received $1 million in a pre-Series-A round of funding from Mumbai Angels and few high networth individuals.

MagicTiger buys Godeliver

Bengaluru-based on-demand delivery services start-up MagicTiger has acquired its rival Godeliver, also from Bengaluru. Founded by Gaurav Singh, Piyush Mishra and Tarun Gujjula, GoDeliver enables users to order anything through an SMS or a Facebook chat and get delivery at their doorstep. It charges the customer on the cost of the product, inclusive of delivery charge and convenience charge, which depends on the complications of the way the order was sourced. Currently, Godeliver is operational only in Bengaluru, according to a DealCurry report.

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First Published: Mon, July 27 2015. 00:24 IST