Startup Funding Alert: Pune Based Tech Startup 'GigIndia' Raises Rs 7.3 Cr In Pre-Series A Funding Round

#gigworkers #gigeconomy #fundingalert #startupfunding #startupindia

Pune-based tech startup GigIndia has raised Rs 7.3 crore in pre-Series A funding round led by Incubate Fund India with participation from Beyond Next Ventures.

Founded by Aditya Shirole and Sahil Sharma in 2017, GigIndia is a Pune-based tech startup that helps businesses to scale faster with on-demand curated workforce across India.

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Pune Based Tech Startup 'GigIndia' Raises Rs 7.3 Cr In Pre-Series A Funding Round

Pune-based tech startup GigIndia has raised Rs 7.3 crore in pre-Series A funding round led by Incubate Fund India with participation from Beyond Next Ventures. The funding round also saw the participation from existing angel investors S Ramadorai (former TCS CEO); Ravi Nigam (former MD & Co-founder of Tasty Bite Eatables); Kiran Deshpande (former CEO of Tech Mahindra); and Shashank Deshpande (Co-founder of Clarice Technologies).

Startup Funding Alert: Co-Living Startup Zolostays Raises $56 Mn In Series C Round

#startupfunding #fundingalert #startupindia #cosharing #sharedeconomy #sharedliving #colivingspace

Bengaluru-based co-living startup Zolostays Zolo announced it has raised $56 million in series C round of funding led by INVESTCORP, Nexus Ventures Partners, among others. The total funding raised so far post this round for Zolo is $90 million.

Founded in 2015, by Dr. Nikhil Sikri, Akhil Sikri and Sneha Choudhry, Zolo Stays currently has over 485 properties across ten cities in the country.

The company has partnered with large developers to provide beautiful and exclusive co-living campuses to people near their workplace. Zolo has more than 5 million square feet worth of ‘built to suit’ discussions underway.

The co-living startup will also launch an uber-premium brand extension called Zolo Red Carpet. These micro-living spaces will provide an elite experience which will include wellness studios, all-day in-house cafes, workspaces, exquisite decor, and concierge services.

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[Funding Alert] Co-Living Startup Zolostays Raises $56 Mn In Series C Round

Stay informed and join our daily newsletter now! You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Bengaluru-based co-living startup Zolostays announced it has raised $56 million in series C round of funding led by Investcorp, Nexus Ventures Partners, among others. The total funding raised so far post this round for Zolo is $90 million.

Inc42: Shared Mobility Startup Royal Brothers Adds Long-Term Subscriptions To Hourly Rentals

#sharedmobility #micromobility #ridesharing #subscriptionmodel #intercity #bikerental #startupindia #startupstrategy #postcovidworld

The shared mobility space which finally resumed its operations recently is going through a complete overhaul. Considering that consumers will be wary of sharing vehicles with others, in recent weeks, many bike rental and two-wheeler ride-sharing platforms have pivoted their offerings. Bengaluru-based Royal Brothers, a two-wheeler rental startup, revised its hourly rental model to add monthly subscriptions.

Co-founded by the professor-student duo of Manjunath T N and Abhishek Chandrashekar in July 2015, Royal Brothers claims to be South India's first RTO authorised self-ride bike rental platform. It has since established presence across eight states and 25 cities and claims to be the first player in the category to start the subscription model. The new monthly subscription model is meant to counter the health risks posed by public transports, while also helping the customers practise social distancing. The subscription model has been adopted by a slew of bike-sharing companies as the market adapts to the new reality post the lockdown.

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Shared Mobility Startup Royal Brothers Adds Long-Term Subscriptions To Hourly Rentals

From airlines to trains, to even local transportation — everything came to a standstill as India tried to flatten the coronavirus infection curve. But economies have to function and this would need people to step out of their homes, and so with the third phase of the lockdown in early May, the Indian government allowed mobility startups to resume operations with extra protection and safety measures.