FUNDING | Pixr8 News

30Aug By Gauri SinghNo Comments

FUNDING

Chicago-based Tempus Raises $110 Million in Series E Funding Round

Chicago-based data analytics startup Tempus has raised funds amounting to $110 million in its Series E funding round. The funding round was led by a new backer Baillie Gifford, a U.K. investment management firm. The other investors who participated in the round included existing investors T. Rowe Price, Revolution Growth and New Enterprise Associates. With the funds raised through this round, the company plans to grow operations outside of the U.S. and also expand into new therapeutic areas other than cancer. This particular round has valued the company to over $2 billion. Following this round, the total funds raised by the company as of now has reached $320 million since its launch. Founded in 2015 by serial entrepreneur Eric Lefkofsky, Tempus is a data analytics company that ...

Narvar Secures Millions of Funds from US-based Accel

29Aug By Gauri SinghNo Comments

FUNDING

Narvar Secures Millions of Funds from US-based Accel

E-commerce premium post-purchase customer engagement platform Narvar has secured funds amounting to $30 million in a funding round. The round was led by US-based venture capital firm Accel along with participation from Salesforce Ventures, Scale Venture Partners and existing investors Battery Ventures. With this funding round, the company is aiming to scale its India business over the next 3 years. It expects to onboard its first set of e-commerce and retail clients by the end of September in keeping with the festive season. As a part of the development, Ryan Sweeney, partner at Accel, will join Narvar’s board. As of now, the company has worked with over 500 international retailers to build their customer engagement platforms for customer service and post purchase experience providin...

28Aug By Gauri SinghNo Comments

FUNDING

MissMalini Secures Rs 10.4 crores in Pre-series A Funding

Entertainment content platform MissMalini has raised Rs 10.4 crores in pre-series A funding round. The round was led by Orios Venture Partners and New Enterprise Associates. This funding round comes six years after the firm secured angel funding from investors including Google's Rajan Anandan. Launched in 2008, MissMalini is a multi-media and multi-platform content firm and is among the first to make a mark in India's blogging space. "As a millennial content firm, we offer a direct platform across multiple social media channels so as to create maximum impact. We are in talks with firms for our next TV show, which we are considering in a (direct-to-consumer) or (over-the-top) format," CEO Nowshad Rizwanullah said. With the funds raised, the company is looking to build full-service inte...

27Aug By Gauri SinghNo Comments

FUNDING

Rooter Raises Rs 4.5 Crore in Series A Funding

Sports social gaming platform Rooter has raised funds amounting to Rs 4.5 crore in Series A funding round from a group of investors of integrated incubator platform Venture Catalysts. The company is planning to use these funds in the expansion of its reach and appeal and establish itself on an international stage. The company is basically aiming at global expansion. “This is a precursor to a big Series A round, which we are going to raise on November 12 when we will pitch in front of over 50 investors at the Adidas family-backed 2018 leAD Sports Accelerator Program,” said Piyush, CEO and co-founder at Rooter. The investors that participated in the particular funding round included Khalid Al Tawil, Anjali Malhotra from Aviva, Pranay Nigotiya, Vishal Agarwal, Nishil Agarwal, Tharun ...

27Aug By Gauri SinghNo Comments

FUNDING

Online Shopping Platform Modestreet Raises Angel Funding

An online omnichannel fashion shopping and discovery platform Modestreet Internet has secured an undisclosed amount in a funding round. The round was led by angel investors Anshika Aggarwal, a chartered accountant and EY executive. The funds so raised by the startup will be utilized to launch its operations in Delhi-NCR, Jaipur, Agra and Chandigarh and to strengthen its technology teams. These plans were stated by Abhitosh Yadav, the co-founder of the company. Modestreet was founded by Abhitosh Yadav and Rohit Chhabra who both are alumni of the National Institute of Fashion. The startup offers an online and offline fashion retail platform which includes social networking and augmented reality services. The company also caters to businesses in the fashion retail space. “As a communit...

25Aug By Gauri SinghNo Comments

FUNDING

Top 5 Funding of The Week (20th August – 25th August)

Funding refers to the process of raising funds for the purpose of business growth and these days funding has become a very important part of the business and startup world. Without funding, it is quite impossible to think about the growth of a business. The last week was quite eventful in terms of funding activities and thus, we have a list of the top five funding activities of the week. The largest amount that was raised this week was $350 million by One Medical. Lets now dig into the details and have a look at the other funding activities as well. 1) ELARA TECHNOLOGIES Elara Technologies, the owner of Housing.com, PropTiger.com and Makaan.com that is based in Singapore has reportedly raised an amount of $35 million in a fresh funding round. The round was led by ...

25Aug By Gauri SinghNo Comments

FUNDING

Imarticus Learning Raises Series B Funding from CBA Capital

Professional education company Imarticus Learning Pvt. Ltd has reportedly raised funds amounting to $2 million (Rs 13.9 crore) in Series B funding round. The particular round was led by education-focused venture capital fund CBA Capital. The company is planning to deploy these funds into the process of expansion of its international operations and strengthen its presence in Mumbai, Delhi, Hyderabad, Bengaluru, Chennai, and Pune. Also, the company is soon looking to foray into three Tier-II locations as well. "We are thrilled to partner with CBA Capital and successfully close this round of funding. The funding will not only boost the brand's status as a leading ed-tech company but also help us take it to the next level of growth," said Nikhil Barshikar, MD, Imarticus Learning. Founded ...

Hyundai Motor Backs Delhi-based Car-Sharing Platform Revv

24Aug By Gauri SinghNo Comments

FUNDING

Hyundai Motor Backs Delhi-based Car-Sharing Platform Revv

New Delhi-based car-sharing platform Revv has reportedly secured funds amounting to Rs 100 Crore in a Series B funding round. This particular round was led by the popular South Korean car maker Hyundai Motor. The other investors that participated in this round included Edelweiss and Beenext that are the company’s existing investors. Along with this, fresh investors like Dream Incubator, Sunjay Kapoor of Sona BLW and Telama Investment were also a part of it. These company is planning to use the funds so raised for the expansion of its product offerings for both long-duration and on-demand use cases. Also, a part of the funds will be used to strengthen its technology team and build brand awareness. The company is also looking to increase its existence to 30 cities in the next 12 month...

Alphabet-backed One Medical Raises $350 Million

23Aug By Gauri SinghNo Comments

FUNDING

Alphabet-backed One Medical Raises $350 Million

Alphabet-backed One Medical has reportedly announced that it has secured an amount of $350 million in a funding round. This round was led by the Carlyle Group. The company is planning to utilize these funds in an aggressive expansion plan for the company, which will include doubling its 72 offices throughout the seven states. One Medical, at present, is serving and expanding into new markets. The markets have yet not been clarified but they will soon be finalized. Along with this, the funds will also assist the company in taking on dinosaur incumbents in the medical field as well as newer startups with a similar technology offering such as Forward, an AI-based “medical office of the future.” "From the time of our founding by Dr. Tom X Lee, we have been on a mission to create an enti...

A Car-Sharing Platform Raises $300 Million from SoftBank

22Aug By Gauri SinghNo Comments

FUNDING

A Car-Sharing Platform Raises $300 Million from SoftBank

San Francisco-based Getaround, a car-sharing platform that provides instant and keyless car sharing has raised an amount of $300 million in the latest Series D funding round. The particular funding round was led by Japan's SoftBank Group. The other investors that were a part of this funding round included Toyota Motor and some other existing investors. The funds raised by the company are being planned to use in the expansion process in areas of North America and around the world. Also, a part of the funds will be utilized to develop partnerships with automakers. “We are confident in our product, playbook, and team,” Sam Zaid, Getaround founder and CEO said. “We look forward to leading the growth of next-generation carsharing.” Founded in 2013, Getaround has gradually grown its netw...

21Aug By Gauri SinghNo Comments

FUNDING

P2P Lending Firm Finzy Raises $1 Million in Second Tranche

Bengaluru-based P2P lending company Finzy has reportedly secured an amount of $2.3 million in funding, which included the first tranche of $1.3 million raised in March this year. In this tranche, the company raised the remaining $1 million. The names of the investors have not been revealed, however, the company stated that senior professionals of the banking and financial services industry and successful entrepreneurs took a part in the funding round. These funds raised by the P2P firm are being planned to be deployed in the geographical expansion, technology investment and stronger distribution networks. "Our seed investors also participated in this Pre-Series A round at more than 4 times valuation as compared to the seed round. This round will help us scale our business closer tow...

20Aug By Gauri SinghNo Comments

FUNDING

Singapore-based Elara Technologies Raises $35 million in Fresh Funding

Elara Technologies, the owner of Housing.com, PropTiger.com and Makaan.com that is based in Singapore has reportedly raised an amount of $35 million in a fresh funding round. The round was led by Citi Singapore and these funds are being planned to be used for business growth. The investment will be made in the brand building, product & technology, sales force and geographic expansion. "Our consistent high double-digit growth momentum and mode of financing reflect the strong fundamentals of our company. We expect this funding to catalyze our next phase of growth and build our leadership in the rapidly expanding digital real estate space in India" stated Dhruv Agarwala, Group CEO of all the three brands of Elara Technologies. Housing.com had recently claimed that its revenues had im...