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    Five startups raise Rs 30 million from angel investors

    Synopsis

    These startups participated in Demo Day organised by India Accelerator in Gurugram recently.

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    India Accelerator helps startups by mentoring them at various stages including providing peripheral services like Legal & HR.
    NEW DELHI: Days after participating in the Demo Day organized by India Accelerator, five Delhi based Startups have raised close to Rs 30 million from various angel investors. The startups are Prithvi, DROR, The Knotty Tales, VAPP and FIO.
    India Accelerator is a seed-stage accelerator program that helps startups by mentoring them at various stages including providing peripheral services like Legal & HR. IA had organized a Demo Day for the startups in its program last month at Palm Town & Country Club, Gurugram.

    Prithvi, a Noida-based startup, is in the business of providing technology for AI/ML to Indian campuses and has received the maximum funding of Rs 10 million from various investors.

    DROR, a Gurgaon-based startup, is in the business of social networks and technology to create a safety network. DROR is designed using Human Centred Design technique and has raised Rs 45 lakh from various investors.

    The Knotty Tales, a Noida-based startup, is in the business of complete wedding suite designed to curate vendors on one platform and has raised Rs 35 lakh from various investors.

    VAPP, a Delhi-based startup, works in platforms used for real estate and tourism industry and has raised Rs 35 lakh from various investors.

    FIO, a Delhi-based startup, is an entertainment hub with self-conceptualized events (IP owned) focused on fashion, lifestyle and entertainment and is the only platform to host international brands / designers. It has received a funding of Rs 75 lakh from investors.

    Ashish Bhatia, Founder & CEO of India Accelerator, said in a statement, “It has been a great pleasure to be part of these startup's journey. The funding that they have received is a reflection of the unique and distinguished products and services they bring to the economic value system."
    The Economic Times

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