Demyto raised an undisclosed amount of funding

The Indian startup which offers car care services and more (by more think insurance) announced it has raised an undisclosed amount of funding in a seed round led by tech consulting firm Cybage in exchange for a 20% stake in the company. The startup claims to have created a tech-enabled interface to offer usage-based insurance. Bottom Line: an Indian startup that is loved by cabbies, bullish on IoT, and looks to be all things post-auto-purchase services.