Avni Patel’s online demand childcare Poppy raises $589,305 from angel investors for expansion

Jan 30, 2016 0

SEATTLE, WA– Avni Patel’s online demand childcare Poppy has raises $589,305 from angel investors, according to media reports.

“In early 2015, Avni Patel found herself at a familiar crossroads for entrepreneurs. She’d left a corporate brand development career to launch a startup — and it wasn’t going well,” GeekWire reported.“ “Between her struggling business and two small children, Patel forgot to book a babysitter for an important event. She tried her usual roster and then violated an unspoken rule among parents. She asked to borrow her friends’ sitters but still had no luck.”

Avni Patel (Photo courtesy: Geekwire)

Avni Patel (Photo courtesy: Geekwire)

“It baffled me that in this day and age every family was on their own in this most fundamental area,” Patel told GeekWire. “Every family was inefficiently trying to find their own sitters that they hoarded zealously, lest they be stuck without care when they needed it.”

Out of this crucial moment, Poppy was born. Patel decided to cut her losses with startup number one and build an on-demand childcare platform instead. Poppy curates a list of verified caregivers, by neighborhood. When parents need childcare, they can access a roster of sitters they’re familiar with via text or the Poppy app, GeekWire said.

GeekWire said Poppy recently closed a fundraising round of $589,305 from several Seattle angel investors, Madrona Venture Group, and Y Combinator.

Patel could not be reached directly for comment.

Poppy’s website, however, states: “Poppy was started by Avni Patel Thompson, a Madison Park entrepreneur and mama to 2 girls. She was tired of feeling panicked and anxious every time she couldn’t find someone she trusted to care for her kids. She realized how powerful it would be to have a roster of talented and trustworthy caregivers only a text away. So she built it with Poppy.”

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News in Shorts raises $20 Million from Tiger Global

Jan 23, 2016 0

NEW DELHI–The news curator News in Shorts has raised $20 million from Tiger Global in Series B funding to finance expansion of the team and improving the user experience further, the company said on Thursday.

They had raised $4 million in February 2015 through a Series A round led by Tiger Global, with participation from Rebright Partners of Japan and existing angels Ankush Nijhawan, Gaurav Bhatnagar, Manish Dhingra and Flipkart Founders Sachin and Binny Bansal, a company statement here said.

News in Shorts gives 60 word summaries of the day’s top stories spanning a range of categories, including sports, entertainment, national and international news.

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Silicon Valley veterans invest in Indian hike messenger

Jan 12, 2016 0

NEW DELHI– Hike messenger, India’s first homegrown messaging app, on Tuesday announced that tech veterans from Silicon Valley have invested in the company and are playing advisors to it.

Aditya Agarwal

Aditya Agarwal

These top veterans include Adam D’Angelo, founder and CEO of Quora — a US-based question-and-answer website; Aditya Agarwal, vice president, engineering, of Dropbox — file hosting service operated by Dropbox, Inc.; Ruchi Sanghvi, former vice president, operations at the Dropbox; and Matt Mullenweg, founder and CEO of Automattic Inc. and co-founder of WordPress publishing platforms.

“It is great to have the world’s top brains in tech share hike’s vision; and not just entrust us with their investment, but more importantly, also advise us on our product and strategy,” Kavin Bharti Mittal, founder and CEO of hike messenger, said in a statement.

D’Angelo previously served as chief technology officer at Facebook, where he oversaw new product development and managed the engineering team.

Prior to that, he led the Facebook Platform team and, as an engineer, built the initial infrastructure for news feed.

Agarwal, one of the first engineers at Facebook, came to Dropbox via the acquisition of Cove, a company he co-founded that was focused on improving group collaboration and communication.

Sanghvi was responsible for product, recruiting, marketing, communications, and other functions at Dropbox.

The first female engineer at Facebook, Sanghvi has been awarded the TechFellow award for ‘Engineering Leadership’ and featured by BBC as one of five Indian technology pioneers.

“It’s quite clear that messaging is playing a key role in bringing people online in a mobile first market like India and hike messenger has begun to play a pivotal role in that market. We are both aligned to hike’s vision and are excited about what comes next,” Sanghvi and Agarwal said.

An online social media entrepreneur, Mullenweg, supports the startup community through his angel investment firm Audrey capital, which has backed over 100 companies since 2008, many of which have been acquired.

“I believe in hike messenger’s vision and I can see the team gearing up and are well positioned for aggressive growth in the country,” he noted.

“Each of the them brings with him/her a core area of expertise, which we at hike find immensely useful as we aggressively grow in India,” Mittal added.

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PepperTap raises $40 million in Series B funding

Dec 21, 2015 0

NEW DELHI–Online grocery portal PepperTap said on Monday it has closed its Series B round of funding, with an additional $4 millon from Innoven Capital, in addition to the $36 million raised recently from SnapDeal, Sequoia India, SAIF Partners, Ru-Net, Beenext & JAFCO Asia.

The total fund raised in PepperTap now stands at around $51.2 million, a company statement said.

The company has taken over Bengaluru-based hyperlocal grocery delivery startup, Jiffstore for an undisclosed amount. Jiffstore’s team will join PepperTap’s Gurgaon and Bengaluru offices.

PepperTap has also entered into marketing tie-ups with other start-ups who will collaborate with them in a cross-marketing activity to bring attractive gifts for the users.

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