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Tessellate Ventures News

Bike Repair Service Provider DrivoJoy Raises $600K Funding From IAN and others

March 23, 2016

Bangalore-based bike and scooter repair service provider, DrivoJoy, has raised about $600K (INR 4 Cr) in its Pre series A round of funding from Indian Angel Network and others.
This round was co-led with Tessellate Ventures, Equity Crest and Tracxn Labs. Ambarish Raghuvanshi (Ex-CFO, Info and Tessellate ventures led the round on behalf of IAN while Shailesh Rao (VP, twitter and Ex-MD, Google India), Kunal Shah (Founder, Freecharge), Bhavani Rana (Partner, Amadeus Capital), Deepak Gupta (co-founder, EquityCrest) also participated in the round. Read more

Exclusive: Bike taxi app Rapido vrooms with pre-Series A funding

April 15, 2016

Bangalore-based Roppen Transportation Services Pvt Ltd has finalised its second round of funding to expand its bike taxi booking platform Rapido.
Roppen–which had previously raised funding to expand operations of its other product theKarrier, an online aggregator of mini trucks for intra-city transport–is now raising a pre-Series A round for Rapido.Read more

IAN And Napino Launch Incubation Program For Software And Hardware Startups

May 30, 2016

Indian Angel Network (IAN) and Napino Auto & Electronics Limited, a leading manufacturer of electrical and electronic components for the automotive industry have collaborated to launch an incubation program, CircuitBridge.
CircuitBridge is aimed at encouraging entrepreneurs to create innovative and disruptive solutions in connected transport (two and four wheelers), Internet of Things (IoT), home automation, wearables, auto electronics and virtual reality (hardware). Read more