India Dealbook: TempoGO, MiStay raise funding
Transport tech TempoGO has raised $250k from Javelin Startup-O Victory Fund while online hotel booking company MiStay has received funding from Axilor Ventures and a group of angel investors.
Transport tech TempoGO raises $250k
TempoGO, an Internet of Things (IoT) and SaaS solutions provider for commercial transportation founded in 2015, has raised $250k from Javelin Startup-O Victory Fund.
The company has also got an additional funding from Dubai-based NB Ventures, according to a statement.
TempoGO had a $825k seed investment in a round led by Hong Kong-Based K2 Capital in January this year.
Its current client base includes transport firms that operate across an array of sectors, ranging from cold-chain companies and logistics firms to bus or taxi operators.
MiStay gets funding from Axilor Ventures, others
Bangalore-based online hotel booking company MiStay has secured an undisclosed amount of funding from and a group of angel investors.
MiStay was founded in 2016 by Sandeep Jaiswal and Pranav Prabhakar. The company allows booking rooms by pack of hours with flexible check-in/ check-out times. Instead of the rigid full day booking (12 noon – 12 noon) being done traditionally, MiStay offers booking based on slots (8 am – 11 am (Morning slot), 12 noon – 7 pm (Day slot), 8 pm – 7 am (Night slot)).
It will use the funds to grow its team, marketing and scaling up operations across India.
MiStay is currently operational in 30 cities with around 400 hotels.