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[Funding alert] Bicycle-sharing startup MYBYK raises $1M from Avon Cycles, others 3 CLAPS Sanjay Baweja, ex-CFO, Flipkart. This is the maiden round of funding for the Ahmedabad-headquartered startup. Mybyk said it will use the funding to scale up the deployment of technology by introducing electric pedal-assist bicycles, expanding the leadership team and bolstering marketing efforts, as it looks at expanding to new geographies in India. The startup is targetting to increase its fleet to two million bikes by 2025. “We are grateful to Avon Bicycles and our esteemed investors for reposing faith in us. This development is a testament to our resolve to redefining the public mobility landscape through accessibility, affordability, and reliability. We remain steadfastly committed to the goal of mitigating carbon footprints through sustainable transportation, said Arjit Soni, Founder and CEO, MYBYK. ....
[Funding alert] Ahmedabad-based startup consultancy platform Disruptium raises $200K in pre-seed round The funds raised would be deployed towards tech development, hiring key resources, and building alliances and partnerships. 9 CLAPS $200,000 from Chokhani Ventures. Owned and operated by Disruptworkz Infolabs Pvt Ltd, the recently launched company would deploy the funds towards developing tech, hiring key resources, and building alliances and partnerships. “There is an abundance of good startup ideas and enthusiasm in our country. It is our privilege and responsibility to support emerging entrepreneurs with mentorship and capital to solve society s pressing challenges. We are excited to invest in Disruptium, and partner with a brilliant founding team,” said Pravesh Mehta. ....