FUNDING | Pixr8 News

27Jul By Gauri SinghNo Comments

FUNDING

Guwahati- based Kishlay Foods Raised $15 Million in the Latest Funding

One of the leading snack food manufacturing venture Kishlay Foods announced that it has raised $15 million (Rs100 crore) in the latest funding round. The round was led by equity investment firm Norwest Venture Partners (NVP) and D.K. Surana, promoter of Intensive Software Services. Founded in 2003, the company’s investment also features a prominent secondary share sale component. The funds so raised will be utilized in acquiring the existing business partners, and also to expand distribution in North and East India markets. A part of the funds might also be used to launch additional product lines and enhance the management team. Sandeep Bajaj, CEO of Kishlay Foods said, “Kishlay foods is well positioned to penetrate deeper in its home markets and expand further in new geographies and p...

OYO Eyeing Funds from Tencent, May Raise the Valuation to $2 Billion

26Jul By Gauri SinghNo Comments

FUNDING

OYO Eyeing Funds from Tencent, May Raise the Valuation to $2 Billion

Tencent, one of the leading internet players of China is eyeing to lead a fresh funding round and back hotel chain OYO with $300-500 million. According to the reports, this particular funding round will likely value the company at $2 billion which is almost double the valuation of $850 million from SoftBank's Vision Fund. "The company is engaged with Tencent, and a term sheet is likely There’s a bunch of other investors also in talks, but those are preliminary at the moment. The fundraise is largely to grow the China business," a person familiar to the matter said. Apart from Tencent, the Gurugram-based hotel chain has also talked with other Chinese companies and a few financial investors to participate in the funding round. If the funding is confirmed, it will be the first-ever fu...

BigData Analytics Iqlect Secures $2.5 million by VentureEast

26Jul By Gauri SinghNo Comments

FUNDING

BigData Analytics Iqlect Secures $2.5 million by VentureEast

Web analytics solution provider Iqlect has raised funds amounting to $2.5 million (approx ₹17.2 crore). The latest funding round was led by new investor VentureEast and existing investor Exfinity Ventures. The company has plans to use the funds raised from the latest funding round to add leadership team in Bengaluru and also hire more engineering and sales talent. Iqlect is in the process of shifting its headquarters to San Jose, US, and is also looking to add go-to-market and tech talent in the US too. “We are looking to hire VP’s for engineering, product management, marketing and sales and also a country manager for India. Also, we are flipping the company to make it a US company. So, we are hiring go-to-market folks and a few key tech guys for our US office,” said Sachin Sinha, CEO ...

26Jul By Gauri SinghNo Comments

FUNDING

Co-working Space Provider Awfis Space Secured $20 Million in Series C Funding

India’s largest co-working space provider Awfis Space Solutions has secured funds amounting to $20 million in Series C funding round. The round was led by company’s existing investors global venture capital firm Sequoia Capital, The Three Sisters: Institutional Office led by Radha Kapoor and Temasek Group company InnoVen Capital. The funds raised through the latest funding round will be utilized for the expansion plans and the company will follow a managed-aggregation model approach to ensure better capital efficiency. Awfis Space has now increased up to 25,000 seats across 55 centres compared to 5,800 desks across 20 centres in July last year. “The goal is to reach 40,000 seats across 90 centres from current 25,000 desks over the next one year. Deeper penetration into existing markets...

25Jul By Gauri SinghNo Comments

FUNDING

Digit Insurance Raises Rs 315 Crore in Second Funding Round

Online digital general insurance company Digital Insurance has reportedly raised an amount of Rs 315 crore in a second funding round. This particular round was led by Fairfax Holdings. Through this funding round, the company aims to expand its footprint across the country even to the smaller regions. A part of the funds will also be utilized to strengthen the technology platform as well. “We are looking at major expansion opportunities for our product line as well as our locations of operation and staff strength, looking at the growth path we felt the need for this second round of funding,” said Kamesh Goyal, Chief Executive Officer and the other major shareholder after Fairfax in the company. Goyal stated that the locations that they are focusing are spread across towns like Siligur...

Healthcare Start-Up LifCare Raises $11 million

24Jul By AnkitaNo Comments

FUNDING

Healthcare Start-Up LifCare Raises $11 million

LifCare which is a Healthcare start-up has raised $11 million in its Series B led by Saif Partners & Nexus Venture Partners. Till now the startup has delivered only medicines meant for chronic illnesses to customers who take these medicines on a regular basis, with its infused capital, it will now look to expand further in Northern and central states of the country. The company now aims to become a one-stop place for chronic patients and raise awareness regarding the necessity of taking medicines to stay fit. LifCare was launched in September 2015 by Killa, a former associate at Bain Capital, Rohit Mohta, a former executive of pharma company Cipla and Deepesh, a former executive of Wipro Ltd. The company currently employs around 500 people and will look to expand the team further...

Media Analytics Startup VTION Raises Funds For Expansion

24Jul By Gauri SinghNo Comments

FUNDING

Media Analytics Startup VTION Raises Funds For Expansion

VTION, a SaaS-based platform which is a media analytics startup has raised an amount of $280,000 (Rs 1.92 crore) in a funding round led by AngelList India, the local arm of US-based investment crowdfunding platform AngelList. The funding round also saw the participation of investors including Rahul Khanna (Trifecta Capital), Rajeev Arora (Paramount Wheels), and Ram Ramsundar (Electrolux former CEO), among others. Along with the stated investors, Angels in Stockholm, Dubai, and the US also participated in VTION’s recent funding round. “Manoj is a great example of a domain expert who has leveraged his global network to solve a grave problem in the radio and audio media analytics space. I’m really excited to have led the Syndicate from AngelList and to be a part of the early growth story ...

23Jul By AnkitaNo Comments

FUNDING

Woodenstreet.com Raises $1M Funding from RVCF

WoodenStreet, a Jaipur-based online custom-furniture platform, has successfully raised USD 1 Million in Series-A round. The funding was led by RVCF (Rajasthan Venture Capital Funds), and the investment was overseen by Growth India Fund. Wooden Street was co-founded by four engineering and commerce graduates – Lokendra Ranawat, Dinesh Pratap Singh, Virendra Ranawat and Vikas Baheti in May 2015. They envisioned providing Indian consumers with affordable and custom-made solid wood furniture at lower price points. Understanding the highly fragmented and unorganized sector of the 20B furniture industry in India, the founders believed that there was room for more. To fit with the consumers need, their idea was to collaborate with their finest makers and in-house furniture designers to deli...

21Jul By Gauri SinghNo Comments

FUNDING

TVF Raises $6 Million In a Fresh Funding Round

One of the most Popular over-the-top (OTT) platforms, The Viral Fever (TVF) has raised $6 million (nearly 41 crores) in a fresh funding round from the investor Tiger Global. TVF raised the fresh capital at an estimated post-money valuation of around $40 million. The company had raised $10 million from Tiger Global at a valuation of $61 million, in February 2016. TVF has raised more than $20 million in external funding as of now, which includes a $4.97 million investment from Tiger Global in July 2017. According to the reports, the money was raised at a post-money valuation of around Rs 216 crore ($31 million at current exchange rates). Amongst its different YouTube channels, it consists of an estimated collective subscriber base which is close to - 10 million with The...

A Digital Lending Startup Raises $18 million from PayU

21Jul By Gauri SinghNo Comments

FUNDING

A Digital Lending Startup Raises $18 million from PayU

Mumbai-based digital lending company PaySense has reportedly raised an amount of $18 million in its Series B funding round. This particular round was led by PayU. The funding round also saw the participation of existing investors including Jungle Ventures and Nexus Venture Partners. PayU had also participated in the Series A round, and this time it invested $11.5 million. PaySense has hit the milestone of Rs 50 crore monthly disbursement rate already, and with these funds, it is targeting to make it double within the next few months. Along with this, the company is also planning to use the amount to hire more people to strengthen its tech and data analytics team. “PaySense is leveraging the IndiaStack platform very well to create additional capabilities beyond those of the tradition...

Online Pharmacy ‘PharmEasy’ Eyeing To Raise About $50 Million

19Jul By Gauri SinghNo Comments

FUNDING

Online Pharmacy ‘PharmEasy’ Eyeing To Raise About $50 Million

Online medicine marketplace, PharmEasy is eyeing to carry forward a $40-50 million funding round led by Fundamentum Advisors (owned by Nandan Nilekani and Sanjeev Aggarwal) and Eight Roads Ventures (the proprietary investment arm of Fidelity International). This particular funding round is expected to close over the next two weeks, and will possibly witness participation of the existing investors as well including Orios Venture Partners, Astarc Ventures, JM Financial and Manipal Education and Medical Group (MEMG). “The company is doing well. It is among the top companies in the ePharmacy space. It has a play in both in retail and wholesale. Their average order value is around Rs 1,000. The company is looking to use the money to fuel its expansion and also to finance cash burn in this c...

19Jul By AnkitaNo Comments

FUNDING

Home Decor Startup Foyr Raises $4.2 Million Series A Funding

Hyderabad based VR platform Foyr raises worth $4.2 million from SRI Capital, JLL partners & others. Foyr registered in Singapore as RBJ International Pte. Ltd used by interior designers, architects, and property developers to design the architect online and see it in 3D mode using Virtual reality. SRI capital invested $2 Mn in this extended series A round, marked its first investment from his recently launched $100 Mn venture fund based in Philadelphia, USA. Foyr will use this funding round to enter the US market, which is expected to be its largest market in two years. Foyr has raised a total $9.7 million funding till date. "We are excited to be backed by SRI Capital which is one of the only VCs who understands the US market as well as Indian development teams. Having a suc...