India Funding Roundup: PepperTap, TruckMandi, Obino, CBREX, KOOH Sports

PepperTap
Gurgaon-based hyperlocal grocery delivery service PepperTap hasreportedly closed its Series B round of funding with an additional $4 million (roughly Rs. 26.5 crores) from Innoven Capital. PepperTap had recently raised $36 million from Snapdeal, with participation from existing investors Sequoia India and SAIF Partners, and new investors like Ru-net, JAFCO, and BeeNext.

Truckmandi
Delhi-based Truckmandi, an online platform that connects businesses to freight transport providers has reportedly raised around $2 million (roughly Rs. 13.3 crores) in pre-Series A funding from JustEat India founder Ritesh Dwivedy and other investors. Founded in 2015 by Anurag Jain, Ankit Singh, and Nishant Singh, the startup reportedly does trips worth Rs. 1 crore a month, month and claims to be growing at about 30 percent monthly.

Obino
Obino, an app-based weight loss coaching platform owned an operated by Delhi-based Manna Healthcare Pvt. Ltd has reportedly raised an undisclosed amount in its seed round from US-based venture capital fund RoundGlass Partners. Obino charges between Rs. 499 and Rs. 1,499, for personalised diet and fitness plans, and claims to have 10,000 users with over 500 paid clients.

CBREX
Mumbai-based, cross-border hiring platform CBREX has reportedly raised around $200,000 (roughly Rs. 1.3 crores) in an angel round by diluting 10 percent of its equity. The website claims to host 232 member firms from 51 countries, with 57 open jobs at the time of writing.

KOOH Sports
Mumbai-based sports education startup KOOH Sports hasreportedly raised $2 million (roughly Rs. 13.2 crores) in funding. Founded in 2010, the startup has enrolled over 200,000 students, with tie ups from over 150 schools in 35 cities.

Virtual reality set to transform filmmaking

Chris Milk stepped onto a TED Conference stage and took the audience on an awe-inducing trip into the future of movies. While much of the early attention on virtual reality has focused on use of the immersive technology in video games, Milk and his US startup Vrse are using it to transform storytelling and filmgoing. "We have just started to scratch the surface of the true power of virtual reality," Milk said. "It's not a video game peripheral. It connects humans to other humans in a profound way... I think virtual reality has the potential to actually change the world." He had everyone in the Vancouver audience at TED , which ended Friday, hold Google Cardboard viewers to their eyes for what was billed as the world's collective virtual reality experience. Google Cardboard gear is literally that -- cardboard

Explained: Camera Improvements in the New HTC 10

With the HTC 10, the Taiwanese company is promising to undo the past wrongs in the cameras of its previous flagship phones. The camera has long a weak point in HTC devices. At first, HTC sacrificed image resolution in the M8 and made the size of individual pixels larger to capture more light (what HTC called Ultrapixel). But the resulting 4 megapixel images were often fuzzy, especially when cropped or enlarged. To fix the issue, in its next flagship - the M9 - HTC went with smaller individual pixels in a 20-megapixel camera last year, but it still underperformed in extreme situations, such as indoors and close-ups. In the HTC 10, the company attempts to strike a balance with larger individual pixels (1.55µm), but not as large as before and a 12 megapixel sensor in its camera coupled with a ƒ/1.8 lens. HTC accepts that in the imaging performance in the M9 was not up to the kind of spec of what they really like to see in a flagship. HTC is giving a slight boost to the selfi...

Freedom 251: 30,000 Units Sold, Components for Up to 2.5 Million Will Be Imported

Ringing Bells, the makers of the Rs. 251 smartphone - the Freedom 251 - confirmed to Gadgets 360 on Tuesday that it has still only accepted payments for 30,000 units of the phone. It also added that the components for these phones will be imported, and only assembled in India, not made here. Ringing Bells stopped accepting orders on February 19, and claims to have received over 70 million registrations. The company President and Director both repeatedly stated that the price of the phone would be made possible through economies of scale, and making the phone in India to cut out import costs. Economies of scale? However, in a discussion with Gadgets 360 the company revealed that it had only sold 30,000 units of the phone on day one. The company has now confirmed that it has not sent out the payment emails to anyone else who registered - "we were working out details of cash on delivery, which we are announcing now, so we will be sending emails to the first 2.5...

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