Tuesday, November 17, 2015

Evobi raises the next round of funding

Evobi Automations Pvt Ltd has received Rs 3.5 crore ($530,000) in angel investment, as the education-technology startup that makes the Bibox tool kit for students looks to expand sales and launch more products.
The Bangalore-based company received the funding from Ravi Krishnamurthy, managing director at Bangalore-based roofing solutions company Shadeflex India Pvt Ltd, and an unnamed investor.
The funding takes the amount the company has so far raised to around Rs 6 crore ($910,000). Its earlier investors include Dr Aniruddha Malpani of Mumbai Angels; Manish Gupta, former MD of Rare Enterprises; and Naren Koduvattat, a former vice president of Infosys.


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