Envisioner | August 2019 Envisioner August 2019 | Page 5

Monthly
Funding
Roundup
A Comprehensive List of Major
Fundings, Acquisitions and
Announcements.
boAt: Electronics maker, boAt,
has raised INR 16 Cr (about $2
Mn) in debt funding from ven-
ture lending firm InnoVen Cap-
ital. The company will con-
tinue to focus on profitability
and sustainable growth while
minimizing our cash burn.
Coverfox: Mumbai-based on-
line insurance brokerage plat-
form Coverfox received an INR
40 Cr ($5.89 Mn) capital infu-
sion from its existing investors.
PlayShifu:
Bengaluru-based
gaming
company
Playshifu
raised $7 Mn in Series A fund-
ing. The round was led by Chi-
ratae Inventus Capital and
Bharat Innovation Fund (BIF).
The company plans to use the
funds to invest further towards
tech innovation, research on
unique phygital interactions
and new product developments.
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