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Venture Capital | 16 April 2012

IAN Invests In Traffic Monitoring Solutions Provider - Birds Eye Systems

by Irfan Khan
IAN Invests In Traffic Monitoring Solutions Provider - Birds Eye Systems
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@Indian_Angel has made an angel investment of R2Cr in Mumbai based intelligent traffic monitoring solutions firm - @Birds. IAN investor Members, Rajiv Dadlani and Nitin Agarwal, have joined the Birds Eye Systems Board.

The company will use the funds to expand it's footprint across the country, enhance the scope of services and further development of the product. It plans to integrate additional external sources with its Traffline platform to offer wider coverage Birds Eye Systems will shortly start offering customized solutions to map providers that they can use to value add their products.

The company, promoted by Brijraj Vaghani and Ravi Khemani, with valuable work experience in the US wireless and internet industry, had earlier received small funding from the Centre for Innovation, Incubation and Entrepreneurship.

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Online Antiques Store Phantom Hands Secures Angel Investment

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Phantom Hands, a year old startup selling antiques online, has secured angel investment from a group of four angels including Google India head Rajan Anandan, Rehan Khan, head of a pharma company, Ravi Shah, director of Mumbai-based design firm Mind’s Eye Creative, and Amit Malik, a London-based psychiatrist.

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