FUNDING | Pixr8 News

29Sep By Gauri SinghNo Comments

FUNDING

AI Startup Netradyne Raised $21 million in Series B Funding

Artificial Intelligence startup Netradyne that is concerned with driver and commercial fleet safety has reportedly raised funds amounting to $21 million in Series B funding. The round was led by Microsoft’s corporate venture arm M12 (formerly Microsoft Ventures). It also saw participation from backers like Reliance Industries and Point72 Ventures. Following the funding round, M12 will join the company board and "bring additional resources and expertise focused on scaling the company". The funds so raised by the company are being planned to be used in making a sizable investment in the application of AI and deep learning in new industry segments. This includes areas like Dynamic 3D or HD Mapping, Data Analytics and Insurance. "We’re excited about our investment in Netradyne, an innov...

San Francisco-Based Stripe Secures $245 million to Fuel Growth

28Sep By Gauri SinghNo Comments

FUNDING

San Francisco-Based Stripe Secures $245 million to Fuel Growth

US fintech startup Stripe has reportedly raised funds amounting to $245 million in a financing round. The funding round has valued the company at $20.25 billion, a dramatic surge from its most recent $9.2 billion valuation in 2016. The funding round was led by billionaire investor Chase Coleman's hedge fund Tiger Global Management, and also saw participation from DST Global and Sequoia. The funds raised through this round are being planned to be used to fuel growth in key overseas markets such as Southeast Asia and India, where it plans to tap into the growth of the e-commerce industry to expand its payments products. The company also claimed that more than 500 million people in Southeast Asia and India are expected to become online customers in the next three years. Along with th...

27Sep By Gauri SinghNo Comments

FUNDING

Seafood & Meat Brand Licious Raises $25 million for Expansion

Licious, a seafood and meat brand has reportedly secured funds amounting to $25 million (over Rs 180 crore) in its latest investment round. This funding round was led by Bertelsmann India Investments and Temasek-backed Vertex Ventures Southeast Asia and India. The particular round also saw participation from backers such as UCLA and existing investors Mayfield India, 3one4 Capital, Sistema Asia Fund and InnoVen Capital. The funds so raised by the company will be used in the expansion of its footprint and expand operations to Mumbai and Pune too. At present, the company is present across Delhi NCR, Bengaluru and Hyderabad only. A large part of the capital raised will be also be used to widen this product category as also strengthen the supply chain. “To be able to build a transformat...

Sequoia Capital Backs Indian Student Housing Startup Stanza Living

26Sep By Gauri SinghNo Comments

FUNDING

Sequoia Capital Backs Indian Student Housing Startup Stanza Living

Student housing startup Stanza Living has reportedly raised funds amounting to Rs 73 crore (over $10 million) in a funding round led by venture capital firm Sequoia Capital India. This funding round also saw participation by existing investors Matrix Partners and Accel. With this fundraising, the total capital raised by Stanza Living has reached Rs 86 crore as of now. With these funds, the startup is planning to strengthen its technology engine, beef up its core leadership team as also establish its network of operations across multiple markets. “With 2000 beds across the Delhi-NCR region itself, we are positioning this business for scale. We are in advanced conversations to expand to educational hubs such as Bangalore, Pune, Hyderabad and a few more cities by the end of this ongo...

Indian Hotel Chain Oyo Raises $1 billion at $5 billion Valuation

25Sep By Gauri SinghNo Comments

FUNDING

Indian Hotel Chain Oyo Raises $1 billion at $5 billion Valuation

Indian hospitality chain Oyo Hotels which is soaring high with success these days has planned to secured funds amounting to $1 billion for the purpose of expansion into China and other global regions. This round is expected to be led by existing investors including SoftBank Vision Fund, Sequoia Capital and Lightspeed Venture Partners. The existing investors have currently put in $800 million, with commitments for another $200 million. About $600 million of the total will be deployed into China where Oyo had forayed just 10 months back. “With this additional funding, we plan to rapidly scale our business in these countries, while continuing to invest further in technology and talent,” Agarwal stated. “We will also deploy fresh capital to take our unique model that enables small hotel ow...

24Sep By Gauri SinghNo Comments

FUNDING

Bangladesh-based Shohoz Raises $15 million in Pre-series B Funding

Bangladesh-based ride-hailing and ticketing platform Shohoz has reportedly secured funds amounting to $15 million in pre-series B financing round. This funding round was led by Singapore’s Golden Gate Ventures. The other backers that participated in this round included Linear VC, 500 Startups and Singaporean angel investor Koh Boon Hwee. The funds so raised by the company are being planned to be used in the expansion of its services as well as to fight against rival Pathao. Also, it will use a part of the fresh capital for customer acquisition and retention and expand into other on-demand services. “Bus tickets will remain an important part of our business, [there’s] lots of synergy with ride-sharing,” CEO Maliha Quadir stated. “Dhaka has a super dense population with bad infrastruct...

22Sep By Gauri SinghNo Comments

FUNDING

Top 5 Funding of The Week (17th Sept – 22nd Sept)

The most popular methods of fundraising these days for companies is either through investors or through the launch of IPO. Initially, the companies generally go for raising funds from the investors. This has become a vital part of a business and thus, here we have the top five funding activities that took place this week. This particular week was quite active in terms of fundraising activities. The company that raised the highest amount of funds was UiPath which is a Robotic Process Automation (RPA) software company that raised $225 million funds. Let's have a look on these funding rounds. Setoo A UK-based startup Setoo that turns insurance into a powerful business accelerator, transforming the online customer experience and generating new revenue str...

Digital Lending Startup Qbera Raised $3 million from E City Ventures

22Sep By Gauri SinghNo Comments

FUNDING

Digital Lending Startup Qbera Raised $3 million from E City Ventures

Digital lending startup Qbera which is headquartered in Bengaluru has raised funds amounting to $3 million (about Rs 21.5 crore) in its first institutional fundraising since its establishment. The funding is an all-equity deal led by E City Ventures which is a subsidiary of Essel Group. The funds raised in this fresh funding round are planned to be used by the one-year-old company in the expansion of its scope of operations. Also, the funds will be used to strengthen the company’s technology platform and expand its team. “We are in eight cities presently, and will now expand the business to new cities like Patna, Chandigarh, Indore and Bhopal,” said Qbera founder Aditya Kumar. “We are currently getting around 10,000 loan applications per month. The target is to scale up to 50,000 in th...

21Sep By Gauri SinghNo Comments

FUNDING

MedTech Firm Cyclops Secures $1 Million in a Fresh Funding Round

Cyclops Medtech, a medical technology company has raised an amount of $1 million (around Rs 7.2 crore) in a fresh funding round. The particular round was led by impact investment fund Unitus Ventures and existing investor CP Bothra. The chairman and managing director of generic drug manufacturer Medreich Pharma also participated in this funding round. The funds raised through this funding will be utilized by the company to increase installations of its product BalanceEye, which diagnoses neuro-vestibular conditions, across Tier-2 and 3 cities apart from entering new markets in Asia. The Bengaluru-based company has a target of 1.000 installations over the next five years. A part of the funds will also be used to develop three other products in the neuro-vestibular space. “We intend t...

20Sep By Gauri SinghNo Comments

FUNDING

ShareChat’s Latest Funding Round Brings Seven-fold Rise in its Valuation

The social platform for regional language known as ShareChat has secured funds amounting to Rs 720 crore ($99 million) in a funding round. The particular round was led by existing backer Shunwei Capital. The other investors that participated in the round included Morningside Ventures of China and Jesmond Holdings, an affiliate of Russian billionaire Yuri Milner’s DST Global. Following this funding round, the valuation of the company will get a boost and will reach to Rs 3,332 crore ($460 million) according to the documents filed with Registrar of Companies. With the funds raised, the company plans to foray deeper in markets like the Northeast, and also start working on monetizing its service next year through activities like advertising, influencer marketing, and in-app transactions....

Matrix Partners India Backs Bengaluru-based DailyNinja

20Sep By Gauri SinghNo Comments

FUNDING

Matrix Partners India Backs Bengaluru-based DailyNinja

A startup that delivers milk and grocery called DailyNinja has reportedly raised an undisclosed amount in a funding round led by Matrix Partners India. The particular round also saw participation from existing investors including Sequoia India and Saama Capital. The funds raised will be used to accelerate growth, expand its footprint and hire professional talent. Also, the company aims to achieve a target of 1,00,000 daily transactions in the next six months, almost tripling its current daily volumes of 35,000. “We want to grow as fast as we can and have the maximum number of customers on our platform,” said Sagar Yarnalkar, chief executive of DailyNinja. “We also want to expand our team and hire talent for operations and tech.” DailyNinja is a Bengaluru-based company that was founded...

19Sep By Gauri SinghNo Comments

FUNDING

Online Home Design Startup Livspace Raised $70 Million in Series C Funding

Online home design and décor company Livspace has raised an amount of $70 million in a series-C financing round. The particular round was led by private equity firm TPG Growth and Goldman Sachs. This has made it one of the largest funding rounds in the vertical e-commerce space in the recent times. The funding round also witnessed participation from investors such as Jungle Ventures, Bessemer Venture Partners and Helion Ventures. With this round, the valuation of the four-year-old startup has reached around $250-300 million. The funds raised through the round are being planned to be utilized in the process of strengthening the company’s offline footprint along with marketing and branding spends. Talking about the details, the company claims to have designed close to 6,000 homes si...