Fintech in India is building quickly, with an abundance of start-up initiatives aiming to make India-wide services more readily available.
Three Indian fintech start-ups have taken the reign over the weekend; one hoping to gamify HR gained funding, an app that syncs between multiple smart devices and a last mile delivery service all took off in Indian investment markets over the last few days. See the latest below:
Operated by Volare Technologies, InTouchApp was recently incubated at the Microsoft India Accelerator program. Through the app, users can sync, backup, and share contacts, which is available and compatible across all smartphone platforms. The start-up has over 2.5 million downloads and claims to be managing over a 1.3 billion contacts and has secured seed funding from Blume Ventures.
Mumbai and US-based Logistics software company, LogiNext, has acquired this Mumbai-based last mile delivery start-up and will use the acquisition to enhance its own last mile delivery service, Sprintr. YourGuy’s founder and team will now join with Sprintr in a strategic partnership.YourGuy was founded in 2014 and coordinates and carries out approximately 4,000 deliveries a day across several verticals including food, retail, pharmaceuticals, and groceries.
On April 24, this simulation software start-up confirmed it had raised an undisclosed amount of series A funding from venture capital firm Inventus Capital Partners and the HR Fund, a human-resources-focused private investment company. Knolscape is a gamification and simulation software firm that specializes in talent transformation and was initially launched 8 years ago.