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Kerala Startups Bag Rs. 70 crore Funds

Investments to the tune of Rs. 70 crore in startups from various sectors were announced at the fifth edition of the ‘Seeding Kerala’ investment summit. The startups that lapped up the funds include Sporthood, Astro-Vision Futuretech Pvt. Ltd., Bumberry, ilove9months, Entri and ZappyHire. The announcement was made on the concluding day of the summit in

Investments to the tune of Rs. 70 crore in startups from various sectors were announced at the fifth edition of the ‘Seeding Kerala’ investment summit.
The startups that lapped up the funds include Sporthood, Astro-Vision Futuretech Pvt. Ltd., Bumberry, ilove9months, Entri and ZappyHire.
The announcement was made on the concluding day of the summit in the presence of M Sivasankar IAS, Principal Secretary, Electronics and IT, Govt. of Kerala, and Dr. Saji Gopinath, CEO, KSUM.
Bengaluru-based Sporthood, a startup for sports enthusiasts, has got investment from SEA Fund, which made its fourth investment in Kerala out of its seven investment ventures.
Founded by Rahul Antony Thomas, Arun V Nair, Nikhilesh M R and Vikram Devare, Sporthood has a community of 30,000 children and adults subscribed to the platform. It has 21 established sports clubs across Bengaluru and Kochi.
Astro-Vision Futuretech Private Limited has got investment from matrimony.com, one of the largest matrimonial companies in India. It’s the first investment by the Chennai-based firm.
Astro-Vision has been providing Vedic-based astrology solutions to its consumers in more than 10 Indian languages, for over three decades.
Bumberry, a startup that manufactures eco-friendly and reusable cloth diapers, has raised fund from Kerala Angel Network (KAN), led by a group of investors. It is KAN’s maiden investment in a startup. Bumberry was founded by Kutty Krishnan, an educator by profession. Bumberry diapers come as natural bamboo cotton pads and pocket diapers.
US-based Equifin VC will be investing in Maternia Care Technologies Pvt. Ltd., which owns the brand ILove9Months, a women-led maternity-focused startup. It is also the maiden investment venture in India by the US firm.
Another startup Entri, a learning app in local language that has over 1.6 million users, is funded by Good Capital. Founded by Mohammed Hisamuddin, Entri began functioning by providing a database of questions for government recruitment examinations in Malayalam.
Smart Sparks Angel Network will invest in ZappyHire, which gives companies the flexibility to use various tools they prefer, based on their hiring requirements, such as assessment and candidate profiling.

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