Funding roundup: FirstRide, Nanobi, Cubito and PropTiger

FirstRide raises an undisclosed amount in funding from angel Teja Govind

Online car test drive booking platform FirstRide raised an undisclosed amount in an angel round of funding from Teja Govind, the director of Hyderabad-based Sreemitra Townships Pvt Ltd., reports Vccircle. The startup said it would use the funds to organize test drive festivals in Bangalore, Hyderabad and Chennai.

The startup claims to have previously facilitated over 1000 test drive bookings by working with 30-40 car dealers in Chennai, but due to issues related to infrastructure and manpower, it now plans to work directly with manufacturers to provide test drives and new car bookings. FirstRide currently offers its services for free, although its said it was working on introducing new revenue models. It also said it plans to expand its operations to Hyderabad, Chennai and in to foreign markets like the US and UK.

Nanobi Data and Analytics secures funding from Firstsource Solutions

Bangalore-based Nanobi Data and Analytics raised an undisclosed amount in funding from BPM company Firstsource Solutions, which picked up a minority stake in the startup, reports the Times of India. The two-year old startup offers enterprises a cloud-based, pay-as-you-use analytic-as-a-service solution to improve operational efficiency and drive revenues.

Nanobi works through its app store called the Analytics Tree which contains a predefined analytics app, and lets businesses plug in their data sources to consume analytics-as-a-service. The services costs between Rs 1,000 and Rs 20,000 a month depending on the package. The company currently claims to have 26 customers in India and said it plans to expand to international markets next year.

Cubito changes business model, in talks to raise Rs 1 crore in funding

Bangalore-based online cab-sharing service Cubito has changed its business model to become a provider of employee transport solutions, reports Vccircle. The startup, which is currently running a freemium pilot program with six clients in Bangalore, is also in talks to raise Rs 1 crore in angel funding.

Founded in July 2012 by Yash Patodia and Pranay Agarwal as a cab-sharing service, the startup currently deploys an employee transportation system which features automated routing, grouping and driver allocation in real-time. It said it expects to charge Rs 150-200 per employee per month, once the pilot is over. Cubito currently operates in two cities in the country, Bangalore and Pune.

PropTiger in talks to raise $20 million

Online real estate portal PropTiger.com is in talks with existing and new investors to raise $20 million in funding by the end of the year, reports Vccircle. The company will use the funds to expand its operation to eight new cities including Chandigarh, Kochi, Ludhiana and Hyderabad and hire 300 employees for sales teams in the given cities.

PropTiger, which works as an online broker for residential properties, is currently present in eight cities including Noida, Mumbai, Pune, Bangalore, Kolkata etc., and claims to have sold over Rs 7,600 crore worth of properties via its platform. It currently plans to create new teams to click pictures from development sites and acquire startups with innovative visualisation software or strategic 3D designs to further expand its business. The company had also raised $5 million from Accel Partners and SAIF in April 2012.

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