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March 04, 2013

Deal Alert: Blume announced investments in Gharpay, WebEngage, Printo, CareerVita, Others

VC firm Blume Ventures has released its quarterly report in which it discloses funding updates. Its previously unannounced investments in the second half of 2012 included:  

GharPay: The company offers a doorstep cash collection network for businesses. Founded by Abhishek Nayak and Arpit Mohan, the company had previously raised $200,000 from Sequoia Capital and a seed investment of $100,000 from Raju Reddy. Co-investors with Blume: Sequoia Capital and Kae Capital.  

WebEngage: WebEngage offers online customer feedback, survey and notification tools to websites. The company had previously raised seed funding from Indian Angel Network in October 2011. Founded by Avlesh Singh and Ankit U. Co-investor: GTI Capital.  

Printo: The company provides various printing solutions online and offline, allowing customers to place orders for business cards, business stationary, flyers, brochures, and customized diaries among others. Printo has previously raised $6.25 million from Sequoia Capital and an undisclosed amount from Seedfund. Founded by Manish Sharma and Lalani Zaveri. Co-investors: Individual Angels.  

Verayu: Nivaata Systems offers a paid mobile application called Verayu, which allows users to track their phones through the web. The company says that the app is currently available on Android, Symbian S60v3, BlackBerry and J2ME. Founded by Sriram Kannan. 

Source: Medianama
 
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