Friday, April 19

FUNDING

Startup Funding News: Get the latest news on startup funding, small business funding, investor management and many more about funding on Pixr8.

GoWork in Talks With Investors To Raise $200 mn Funding
FUNDING

GoWork in Talks With Investors To Raise $200 mn Funding

Gurugram, August 9, 2018: GoWork, the world’s largest collaborative co-working ecosystem, recently announced its plans to raise $200mn from PE investors during its next funding. GoWork is a thriving ecosystem for entrepreneurship and aims to utilize the funds acquired to realize its massive expansion plans, which includes launching at least 50 campuses across the country in the next 5 years. The expansion will start from top metro cities such as prime regions of Delhi, Mumbai, and Bangalore following a Joint Venture model with big brands and corporates to revamp their existing office spaces, making them more comfortable through a co-working vibe. GoWork, which has already established itself as a pioneer in India’s emerging co-working space has registered an M-o-M growth rate of 37%. ...
Logistics Provider Shadowfax Secured $22 Million in Series C Funding
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Logistics Provider Shadowfax Secured $22 Million in Series C Funding

Shadowfax, India's largest logistics provider for local businesses has raised an amount of $22 million in Series C funding round. This financial round was led by Nokia Growth Partners. The round also saw the participation of Qualcomm Ventures, Mirae Asset and existing investor Eight Roads Ventures. This particular investment is likely to value the logistics provider at around $87-97 million, as stated by two people familiar with details of the development. The company is planning to utilize these funds to scale up its operations and is looking forward to connecting 400,000 delivery, business partners to its platform by 2021. “We will be doubling and tripling down our business in these three categories—food, grocery and ecommerce fashion,” said Abhishek Bansal, chief executive of Sha...
B2B Startup ShopX Secures $35 Million to Boost Expansion
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B2B Startup ShopX Secures $35 Million to Boost Expansion

B2B firm ShopX has reportedly raised an amount of $35 million in a fresh funding round from Fung Strategic Holdings. The primary purpose of this funding is to fuel the company’s expansion plans. The funds so raised are being planned to use in the strengthening of ShopX’s products and engineering teams. Along with this, the company also plans to strengthen its FMCG offerings and credit services. “We believe that credit is a game-changer in this industry,” said Amit Sharma, co-founder of ShopX. “While we will not be providing credit directly, we will do so through NBFCs and invest heavily in this vertical,” he added. Prior to this funding round, ShopX has secured funds of over $18 million from its early investor, Nandan Nilekani. Amit Sharma also stated that the company has also partner...
Satya MicroCapital Secures Funds from Japan-based Gojo & Company
FUNDING

Satya MicroCapital Secures Funds from Japan-based Gojo & Company

Satya MicroCapital, a Delhi-based women-focused company has reportedly secured funds amounting to Rs 43 crore ($6.27 million) in an equity funding. The particular round was led by new investor Gojo & Company, Inc. Gojo & Company is based in Japan and holds stakes in microlenders. Dia Vikas Capital Pvt. Ltd, the existing social impact investor of the company also participated in the funding round. The company is planning to utilize these funds in the expansion of its existence across its existing locations, and also enter into new geographies and diversify its loan book. With this round, Gojo has taken over 25% stake in the microlender, with the Mumbai-based advisory firm for private equity investments, Vidura Capital, acting as a consultant. Launched in 2017, Satya Micr...
Pre-School App OckyPocky Raised Angel Funding from ah! Ventures
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Pre-School App OckyPocky Raised Angel Funding from ah! Ventures

India’s personalized app for pre-school students called OckyPocky has reportedly secured funds the amount of which has not been disclosed yet. The particular round of angel funding was led by Mumbai-based ah! Ventures which is a start-up focused growth catalyst. The funds raised by the kid-tech startup will be utilized for the expansion of the company’s user base to the pre-school market in Tier 2 and Tier 3 centres. Also, it aims to tap the kids in the NRI market with cultural connect to India through a Hindi learning curriculum. Apart from this, the company is also planning to boost up its operations and enhance the technology. Founded in2015 by Amit Agrawal, the former YouTube India Head and IIM Bangalore alumnus, OckyPocky is an app that works on tech-for-good and offers English ...
Bus Aggregator Zipro Eyeing to Secure Funds from Essel Group
FUNDING

Bus Aggregator Zipro Eyeing to Secure Funds from Essel Group

Zipro Technologies, a firm that offers bus aggregation services is eyeing to secure an amount of $50 million in a fresh funding round from Essel Group. The bus aggregator reportedly is seeking to develop its presence in India from the present 10 cities. The company is based in Bengaluru, and it is expecting to utilize these funds to supply bookings for electrical buses and e-rickshaws as stated by a person familiar with the matter. Established by Subhash Chandra, Essel Group is present in areas including media, entertainment, packaging and technology. The company is planning to invest in ZipGo for the purpose of boosting up the building of infrastructure for electric vehicles. ZipGo that was founded in 2015 by Gaurav Agarwal, Jitender Kumar and Pritesh Gupta, has raised about $8.6...
Top 5 Funding of The Week (30th July – 4th August)
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Top 5 Funding of The Week (30th July – 4th August)

Funding is a vital part of every enterprise. Especially, in the case of startups, funding plays a great role in the growth and expansion processes. This week witness various rounds of funding from various companies that raised funds from different investors. Investment from the right investor can do wonders to a company and change its overview completely. The largest amount of funds that were raised were $120 million by Cure.fit which is a health and fitness startup. Let’s now talk about the top five funding activities that took place in the previous week.     1) Cure.fit       Starting with the biggest funding round, Health and fitness startup Cure.fit  raised $ 120 million funding (Rs 824 crore) in new round of funding led by IDG Ventur...
US-Based Y Combinator Backs Indian Rental Startup ZiffyHomes
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US-Based Y Combinator Backs Indian Rental Startup ZiffyHomes

Home rental service startup ZiffyHomes which is based in Gurugram has secured an amount of $120,000 from a US-based startup incubator Y Combinator. This investment by Y Combinator has been made for its summer cohort 2018. It had earlier made an investment in one more Indian startup for the same. It was last month that the US incubator invested $120,000 in a blockchain-focussed startup known as Kyte.ai. The company is gearing up for its Demo day scheduled in August in the valley in which these companies will be publicly displayed. “Demo Day at YC is the most effective way of raising funds to fuel the future growth of a company and we look forward to the same for ZiffyHomes,” said Sanchal Ranjan, co-founder of ZiffyHomes.   Founded in 2015 by Saurabh Sinha, Sanchal Ranjan, and Salil Aga...
AI Startup Racetrack.ai Secures $5 million in Pre-Series A Funding
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AI Startup Racetrack.ai Secures $5 million in Pre-Series A Funding

Racetrack.ai, an artificial intelligence startup has reportedly raised an amount of $5million in pre-series A funding round from a group of high net-worth individuals. This particular funding round valued the company at $21 million. Through these funds, the company intends to expand its operations in various countries apart from India. “With the fresh capital, we are now looking forward to announce our next overseas operation base in the USA, Mauritius and Singapore,” Subrat Parida, founder of Bengaluru-based Racetrack.ai, said. “We further plan to raise our Series A by the end of this year.” Founded in 2015, Racetrack.ai is a company of 50 people that provides services through two flagship products - a chatbot for sales and support, and another one is a business accelerator that assi...
Mumbai Based Non Alcoholic Beverages Firm Raises Seed Funding
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Mumbai Based Non Alcoholic Beverages Firm Raises Seed Funding

Mumbai based startup Coolberg Beverages raises an undisclosed seed funding from India Quotient Fund and the Indian Angel Network's for further expansion. Known for its Non-Alcoholic Beer, Coolberg offers wide range of variants to suit the Indian customer's palette. Conceptualized by Pankaj Aswani and Yashika Keswani, the company aims to provide innovative product to enjoy during celebrations. "Our aim is to provide our customers a drink that is different from what they've been consuming and stuck on for years. Indian customers are more open to new and quality products than ever before," said founder of Coolberg Beverages, Pankaj Aswani. "Non-alcoholic beer is relatively a white space in the beverage segment in India. While going to pubs and cafes for drinks is a fast catching trend fo...
Singapore-based Grab Raises $1 billion for Expansion
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Singapore-based Grab Raises $1 billion for Expansion

A ride-hailing firm based in Singapore called Grab has raised funds amounting to $1 billion from a clutch of financial firms. These financial firms included global asset manager OppenheimerFunds and China's Ping An Capital. Other investors that were a part of the funding round were Microsoft co-founder Paul Allen's Vulcan Capital, Macquarie Capital and Lightspeed Venture Partners. This news has come shortly after Toyota Motor acquired a $1 billion stake in Grab in June as the lead investor in a financing round, followed by Grab's acquisition of Uber's operations in Southeast Asia. “A significant portion of the capital that we’ve raised will go towards Indonesia, which is our largest market. “It’s a sizable market and our investors want us to continue investing,” Ming Maa, the President...
Timla Foods Secured $2 million in Debt Financing
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Timla Foods Secured $2 million in Debt Financing

Timla Foods, an online platform for grocery and gourmet food shopping has secured an amount of $2 million in form of debt financing from Anicut Capital. Anicut Capital is a Chennai-based alternative asset management firm, which basically invests in small and medium enterprises, the popular beer brand Bira maker’s B9 Beverages counts among its prominent investments. Founded in 2016, Timla Foods is a Hyderabad-based company which makes ready-to-eat popcorn under the brand ‘Popi-Corn’. Timla Foods is a Kae Capital backed company, which has raised over $3 million in debt and equity till now and has its existence across Andhra Pradesh, Telangana, Delhi and Bengaluru. Since its launch, the company has grown over 35,000 retail touch points in key metros, selling about 150,000 packets eve...