Daily funding roundup - October 30, 2015

Qraved scored $8M; TinyOwl landed $7.7M; IPV raised $3.8M

• Kleeto, an end-to-end record and information management company owned by Next Gen Paper Solutions Pvt. Ltd., has raised $229,000 (INR 1.5 Cr) on GREX. GREX is an exchange-like platform which allows investors to discover companies, invest and keep track of their investments. The funds raised will be used for technology enhancement and geographical expansion.
  
  
• Apptuto, a San Francisco, CA-based financial education platform, secured $500,000 in funding. The round was led by 500 Startups (which also accepted Batch 14 of its accelerator program in San Francisco) with participation from Michael Staton, a partner at Learn Capital, and executives from Google, HSBC, Macquarie Bank, Delta Partners Group as well as other angel investors from the US, Europe, and United Arab Emirates.
  
  
• London-based delivery app Jinnapp has raised £1 million ($1.53 million) in a seed round led by a group of angel investors including potential.co.uk founder Doug Scott, and former Arts Alliance managing director Laurent Laffy. With operations in several London areas including Camden, Westminster, Hackney and Islington, the start-up plans to use the seed rounds to expand its service outside of the capital with launches planned for other UK cities imminently.
  
  
• Tunepics, a music and picture sharing app, is celebrating Halloween with the release of themed stickers and filters after racking up its five millionth user and a $2 million investment. This allows users to scare their friends with 1m spooky images alongside hit tunes such as Michael Jackson’s ‘Thriller’ and the Ghostbusters theme.
  
  
• Toppr.com, an online test preparation platform with over 500,000 enrolments already, is now announcing a fresh $2 million round of venture debt financing from Innoven Capital. This round comes six months after Toppr raised a $10 Million Series B round from Fidelity Growth Partners with participation of existing investors SAIF Partners and Helion Venture Partners. Prior to that, the company had raised $2 Million from SAIF and Helion and acquired EasyPrep, a customized exam creation platform for schools.
  
  
• Sochat, a San Francisco, CA-based new messaging app and connection platform, secured $2 million in seed funding. The round was led by Eniac Ventures, with participation from WeChat founder and product lead Allen Zhang, New Enterprise Associates, Greylock Partners, Slow Ventures, Foundation Capital, Betaworks, Maiden Lane, and Steven Sinofsky of Andreessen Horowitz.
  
  
• IPV, a Cambridge, UK-based provider of multi-media content management systems to broadcasters and businesses, raised £2.5 million ($3.8 million) in funding. The round was led by Calculus Capital. The company intends to use the funds to continue global expansion, which has already seen it reach into markets in North America, Europe and the Pacific Rim.
  
  
• A Sheikh from the UAE has invested $5.4 million in Pakistan’s mobile payments company, Inov8 Limited. His Highness Sheikh Nahayan Mabarak Al Nahayan, is the sole investor in the company’s Series A round, investing $5.4 million in the company which has achieved a valuation in excess of $100 million. Co-founder and president, Bashir Sheikh said,”We will be utilising our funds for our growth across the Middle East and Africa region with an expectation to raise a much larger Series B round in the near future.  We will be looking to grow organically and via acquisition, for businesses, products and teams.”
  
  
• Food ordering platform TinyOwl has raised Rs 50 crore ($7.7 million) from existing investors led by Sequoia Capital and Matrix Partners. The fund raising comes at a time when the two year-old Mumbai-based company is looking at restructuring operations, control burn rate and outsourcing deliveries. The new funds give TinyOwl 12 months of runtime to focus on creating a sustainable business in the food-tech domain. 
  
  
• Jakarta-based food discovery app Qraved today announced $8 million Series B financing co-led by Richmond Global Ventures and Gobi Partners, followed by GWC, Convergence Ventures, 500 Startups,Toivo Annus, and M&Y Partners. The company plans to use the funding to develop features in its core mobile and web app as well as ramp up marketing and promotional efforts. The Series B round was announced as part of the Indonesian government delegation’s visit to Silicon Valley to meet tech giants and major VC firms.

If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to mitos@vator.tv. 

Image source: economicdevelopment.org