About Debroop Roy
Covering the start-up ecosystem in and around Bangalore for Entrepreneur. Formerly an energy reporter at Reuters. A film, cricket buff who also writes fiction on weekends.
More From Debroop Roy
The Gurugram-based company said the fresh funds will be used to double down on investments across technology, customer and crew safety and sanitisation as well as expansion plans across geographies.
The success of the rights issue also comes at a time of increasing uncertainty for most businesses in India who have been hurt by the Coronavirus outbreak-enforced lockdown.
The Mumbai-based company is backed by Bain Capital Ventures and Polychain Capital, and claims it saw a 10x increase in user signups, and a 47 per cent growth in trading volumes in the first quarter of this year.
Bengaluru-based Yellow Messenger offers an always-on, intelligent conversational automation on text and voice across multiple channels such as WhatsApp, Google Assistant and Alexa.
Mumbai-based Qure.ai has a software that scans a chest X-Ray in about a minute and provides details about whether a patient was getting better as a result of the treatments administered.
The Bengaluru-based start-up offers an online consultation platform and has seen teleconsultations grow 5-6 times in the last few weeks owing to the Coronavirus outbreak.
Bengaluru-based Integration Wizards Solutions started with enterprise mobility, creating a platform that would allow for seamless communication across devices. While the computer vision solution is their latest offering, the platform has also incorporated industrial IoT and mobile device management over time.
ZunRoof, a four-year-old start-up, is backed by the family office of conglomerate Godrej and already has presence in over 75 cities across 12 states in the country.
The investment will further boost the company's efforts to increase cryptocurrency adoption in India.
According to a survey conducted by community platform LocalCircles, 74 per cent respondents said they will not be visiting their favourite restaurant in the next 30 days even if it was open.