Ltd that operates under the brand Witworks, received an undisclosed amount of seed funding, the company said in a statement on Thursday. The funding was led by Fireside Ventures and Investopad. The round also saw participation from P39 Capital along with a group of angel investors including Anupam Mittal (Shaadi.com, founder), Pranay Jivrajka (chief operating officer, Ola), Maninder Gulati (chief of strategy, OYO Rooms), Abhinav Sinha (chief operating officer, OYO Rooms), among others. A consumer technology company, founded by Somnath Meher, Ankit DP and Chandrashekhar Iyer in 2014, Witworks makes connected devices in the home and lifestyle segment. Witworks is looking to close its series-A round of funding in next six to eight months and targeting to clock revenues of Rs.30-40 crore by August 2017.

Source: Mint August 25, 2016 03:56 UTC