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India funding round-up: TripFactory, LazyLad, Connect India

Over US$5 billion of venture capital funding flowed into Indian startups last year. This year, the deals are coming thicker and faster. So we thought it would be useful to start a daily digest of startup funding in India.

Here’s today’s funding round-up:


Bangalore-based TripFactory has raised an undisclosed amount in series A funding from Aarin Capital Partners. TripFactory is a web portal that offers curated travel packages. It was founded in 2013 by founders Amit Aggarwal and Vinay Gupta.


Bangalore-based hyperlocal mobile commerce startup LazyLad has raised US$500,000 from Jai Choi (founder and managing partner of Tekton Ventures), Kiyohiro Sugashita (Japan-based Sugashita Partners), and Japanese venture capitalist Hirokazu, who have each invested in their individual capacities. LazyLad was founded by IIT Guwahati graduates Paresh Goel, Ajay Sethi, and Saurabh Singla in April of this year.

Connect India

Ecommerce logistics startup Connect India has raised US$5 million from social impact venture capital firm Aavishkaar. The money will be used to launch commercial operations in 17 states, 150 towns and cities, with 1,500 Connect India centers in rural and urban markets. Connect India was founded by Vijay Mahajan and LR Sridhar.

Noodle Play

Noodle Play, which is a Chinese food delivery startup, has raised US$160,000 from a group of angel investors that includes Elliot Stechman (managing director of EK Wireless), Gautam Sinha (co-founder of MyFirstCheque), and Ambarish Ray (director and COO of Metal Communications). With this funding, the startup aims to open up 50 new delivery outposts in Mumbai. The startup was founded in 2012 by Hitesh Bhatia.

Bona Vita Technologies

Online travel agency MakeMyTrip has invested US$5 million in Bona Vita Technologies, which is a startup in stealth mode that builds tech products for the travel industry. It was founded by Amitabh Misra, the former CTO of Snapdeal.