Hotline: 1800 102 2007
X
Search Business Opportunities
2014-10-01

Mumbai-based Birds Eye raises undisclosed amount in funding

The funds will be used for product development, marketing and user acquisition, multi-city expansion and scaling the team

Mumbai-based traffic monitoring solutions start-up Birds Eye Systems Pvt Ltd, which operates under the brand Traffline, has secured an undisclosed amount in funding from Qualcomm Ventures. The funds will be used for product development, marketing and user acquisition, multi-city expansion and scaling the team, according to a VCCircle report.

 

“By applying wireless and location technologies, Traffline provides innovative solutions to address current challenges in the transportation segment. We look forward to working closely with the team at Traffline and Matrix Partners to rapidly address the pan-India opportunity,” said Varsha Tagare, director, Qualcomm Ventures.

 

Last December, the firm had received an undisclosed sum in its Series A funding from Matrix Partners.

Birds Eye Systems was founded by Briraj Vaghani and Ravi Khemani in March 2009. Its flagship product Traffline is a low-cost, real-time traffic monitoring system that broadcasts live traffic conditions for road commuters. Currently, the company provides real-time traffic information across six cities—Mumbai, Delhi, Bangalore, Pune, Chennai and Hyderabad.

 

In July last year, the company had launched a paid on-demand subscription service for traffic updates. The service costs Rs 549 and Rs 849, for email and SMS alerts respectively, and provides users with traffic updates for an entire year, the report states further.

 

The firm had also earlier secured two rounds of funding. In April 2012, it bagged Rs 2 crore in angel funding from Indian Angel Network. The firm had also received Rs 15 lakh from IIM Ahmedabad’s tech incubator CIIE.

 

Related opportunities
  • Others Food Service
    About: Desi Farms was incorporated in the year 2016. We are..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Us: Owned and operated by Bloombay Enterprises LLP, The Belgian Waffle Co. was..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Others Travel
    About Us: eBike is one of it's kind Revolutionary startup aiming..
    Locations looking for expansion Punjab
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 1100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Amritsar Punjab
  • Express Food Joints / Drive Through
    About Us: Classic dishes are a staple, but sometimes you need..
    Locations looking for expansion Rajasthan
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts