Obino, a mobile application firm, has initiated discussions with a number of private equity firms to raise about ₹2-2.5 crore in angel funding. The company intends to use the funds for development of its platforms. The company aims to close the funding in May, its founder Ritu Shrivastava told BusinessLine, but declined to divulge names of firms Obino was in talks with. The six-month-old firm had raised its first funding from Health Start. The company’s mobile app, which help to users lose weight (fight obesity) had received 18,000 downloads and has about 2,500 active users.
https://www.thehindubusinessline.com/info-tech/obino-to-raise-funds/article7081858.ece/
