Games company Dena spun Minna No Wedding out in October 2010.

PurpleCow won the Kigyo Challenge organzed by Skylight Consulting.

Venture capital firms Spark Capital and First Round Capital also invested in the A round led by Intel Capital.

IDG Ventures India, the local corporate venturing unit of US-based publisher International Data Group that is raising $175m for its second fund, reinvested in the B round alongside Unilazer Ventures, a family office of UTV founder and chairman Ronnie Screwvala.

Movile, which has nine offices across Latin America, said it would help iFood into new markets, including the US.

Gleb Kaplun, Bright Capital's investment director, said: "Upstream Commerce has a great team, fantastic technology, and a tremendous vision that will undoubtedly shape the future of retail intelligence."

Founded in 2008, EcoATM scans used electronic devices, such as mobile phones and iPods, to gauge value and pay consumers before reselling them worldwide or reclaiming the components.

CMU spin out ATRP Solutions lands $2.6m from the National Science Foundation for cosmetics.