FUNDING | Pixr8 News

18Jul By Gauri SinghNo Comments

FUNDING

BookMyShow Raised $100 Million in Series D Funding

BookMyShow, the online entertainment ticket booking platform has raised $100 million (Rs 685 crore) in Series D funding round which was led by TPG Growth, the middle market and growth equity investment platform of alternative asset firm TPG. The latest funding round saw the participation of other existing investors too. Bigtree Entertainment owned company has been looking forward to growing the non-movie business to a great extent and thus, these funds will be used in some of these areas for growth. “BookMyShow is excited to welcome TPG Growth as our newest partner. They bring with them extensive experience across the global media and entertainment sector, which will be instrumental as we look to accelerate our growth plans in this space. The strategic value that all our investors cont...

China-based Didi Chuxing Raises $500 million from US-based Travel Firm

18Jul By Gauri SinghNo Comments

FUNDING

China-based Didi Chuxing Raises $500 million from US-based Travel Firm

Didi Chuxing, a China-based ride-hailing online company has secured funds amounting to $500 million from a US-based travel company known as Booking Holdings. The basic aim of this funding round is to bolster the company’s plans to make an entry into the fresh markets outside of China. Both the companies announced the investment in a joint statement, however, its details were undisclosed. After this funding round, the valuation of the company has reached $56 billion. Didi Chuxing is also expected to go public and launch an initial public offering (IPO) in the near future. The deal will witness Booking work in association with Didi to offer its on-demand car services through its Booking.com apps. In the same way, Didi customers will have the option to book hotels through Booking.com...

Online Firm Cars24 raises $50 Million For the Purpose of Expansion

18Jul By Gauri SinghNo Comments

FUNDING

Online Firm Cars24 raises $50 Million For the Purpose of Expansion

Online marketplace for the sale and purchase of second-hand cars ‘Cars24’ has raised funds amounting to $50 million (Rs 340 crore). The latest funding round was led by Sequoia Capital. The other existing investors that participated in the funding round were Cayman Islands-based Kingsway FCI Fund and Toronto-based KCK Global. After this round, the market valuation of the company is expected to reach around $250 million. The Gurugram based firm is planning to use these funds for the purpose of boosting up its expansion plans. Cars24 is based on an asset-heavy customer-to-business (C2B) model, in which it purchases used cars from individuals and dealers and sells them to other dealerships. Since its establishment in 2015, the company has sold around 1,00,000 cars. The founders of th...

Thailand Based Eatigo Raised Funds From the Leading Travel Firm

17Jul By Gauri SinghNo Comments

FUNDING

Thailand Based Eatigo Raised Funds From the Leading Travel Firm

The Southeast Asia based restaurant booking company Eatigo has raised a considerable amount of funds from its existing investor TripAdvisor. The funding amount has not been disclosed yet. The other sources, however, claim that the funding amount was $9.5 million making the whole capital raised by the firm to about $25 million. The valuation of the company till now was $15.5 million and after the latest funding, it has raised. The funds so raised will be utilized for the further expansion in markets “within Southeast Asia and beyond,” though the company’s “key focus remains within Asia.” “TripAdvisor has been helpful in optimizing our efficiency, sharing best practices for organizational structures, and cooperating in the commercial field,” said Michael Cluzel, Eatigo co-founder and ...

17Jul By Gauri SinghNo Comments

FUNDING

Unacademy Raises $21 Million in Series C Funding Round

Online learning platform Unacademy has secured $21 million in a series C funding round. This funding round saw the participation of Sequoia India, SAIF Partners, Nexus Venture Partners and other existing investors as well. Followed by this funding round, the valuation of the company crossed $100 million. Apart from the above-mentioned investors, Blume Ventures also participated in this round. Gaurav Munjal, co-founder and CEO of Unacademy, said, “Right from the outset, we have focused on growing the platform by empowering the best educators. We have grown tremendously since our inception, and just last month, more than 3,000 educators were active on the platform and lessons created by them were watched more than 40 million times by learners.” The company plans to utilize the funds so ...

14Jul By Gauri SinghNo Comments

FUNDING

Top 5 Funding Of he Week (9th July – 14th July)

The previous week was quite eventful in terms of funding activities and it witnessed various companies that raised a noticeable amount of funds from different well-known investors. The trending fundraise that took place this week was led by Anil Ambani’s Reliance Big Entertainment, which seems to be an achievement for any startup. Reliance-backed Wishberry and SmartVizX raised the same amount of funds from their respective investors that was Rs 10 crores. Let’s now dig into the details and have a look on the top 5 funding activities that happened in the previous week. 1) WISHBERRY Wishberry, India’s largest crowdfunding platform for filmmakers and creative artists has secured an amount of Rs 10 crores in Series A fundi...

13Jul By NitishNo Comments

FUNDING

Kobster Raises Pre Series A Funding From LetsVenture

Kobster, a tech-enabled sourcing platform facilitating businesses to buy goods online has recently raised their Pre- Series A round led by Incubate Fund. Mr. Murugavel Janakiraman (Founder and CEO of Matrimony.com), Mahesh Parasuraman (Co-Founder & Partner at Amicus Capital Partners), Kishore Ganji (CEO Astir IT Solutions Inc), Splice Capital, Chandigarh Angel Network, ANME (Angel Network Middle East) and investors on LetsVenture also participate in this round. The startup will use this funding to fuel its growth and expand to Tier 2 cities, strengthen category offering, build advanced technology features and penetrate deeper into the customer base. Founded by Karthik Ramaiah, Mohan Gayam & Vineet Neeraj and incubated by PayPal’s prestigious Start Tank Programme, Kobster is...

Wishberry Secures Funds From Anil Ambani’s Reliance Entertainment

13Jul By Gauri SinghNo Comments

FUNDING

Wishberry Secures Funds From Anil Ambani’s Reliance Entertainment

Wishberry, India’s largest crowd funding platform for filmmakers and creative artists has secured an amount of Rs 10 crores in Series A funding round. The particular funding round was led by Anil Ambani’s Reliance Big Entertainment and 3one4 Capital. Dr. Sunil Patil, Director on the Board of Scrabble Entertainment Ltd also participated in the following funding round. The company is planning to utilize the funds so raised for the expansion of the employee base and make the team bigger. A part of the funds will also be used to bring in experienced talent in the film production & distribution segment. Shibasish Sarkar, COO, Reliance Big Entertainment said, “Low budget cinema, has a good opportunity to be monetized with the right strategy. Wishberry's plan to organize funding and di...

Online Travel Company Headout Raises $10 Million

13Jul By Gauri SinghNo Comments

FUNDING

Online Travel Company Headout Raises $10 Million

Headout, a last-minute mobile marketplace has reportedly secured an amount of $10 million in a Series A funding round. The particular funding round was led by the existing investors Nexus Venture Partners and Version One Ventures. After this round, the total funding amount of the company has reached $12 million so far. The company is planning to utilize these funds for the purpose of geographical and technical expansion. The aim is to reach 100 cities across North America, Europe, and Asia Pacific by the next 18 months and enhance the technology and business teams, along with bringing in new verticals. "Until this year, Headout was available to users only in English but the company has now launched services in French, German and Spanish in select markets and is on course to have all...

12Jul By NitishNo Comments

FUNDING

Mumbai Based Mumum Co Raises $500000 Angel Funding

Mumbai-based children’s snack foods company Mumum Co raises ₹3.4 crores angel funding from angel investors like Nisa Godrej, Executive Chairman of Godrej Consumer Products Ltd, and Siddharth Parekh and Sumeet Nindrajog, co-founders of Paragon Partners. The food company will use this funding to offer a new product range, team hiring, and expansion in tier 2 cities. Founded by Farah Nathani Menzies & Shreya Lamba in 2017, Mumum Co makes healthy and nutritious snacks for kids combining fruits, grains, and veggies. “The “very, very real” nature of Mumum Co products comes from our conscious effort to feed our kids with 100% natural and nourishing foods to help their little bodies grow better and faster with no preservatives or additives”, said Shreya Lamba, Co-founder...

Nspira Management Raises Around $75 Million Funds

12Jul By Gauri SinghNo Comments

FUNDING

Nspira Management Raises Around $75 Million Funds

Hyderabad-based education service provider Nspira Management announced that the company has secured around $75 million in a funding round led by Morgan Stanley Private Equity Asia. Banyan Tree Growth Capital II also participated in the funding round. As part of the recent transaction, a fund managed by Morgan Stanley Private Equity Asia has invested about $ 67 million of primary capital into the company for a minority stake. “We will be deploying the funds to scale our business geographically, increase our client base, develop cutting-edge education products, modernise our facilities and scale up our digital business,” Puneet Kothapa, MD of Nspira Management said. “We will also opportunistically evaluate inorganic opportunities that are synergistic with our core business and help us...

Bengaluru-based Mitra Biotech Raises $40 million

12Jul By Gauri SinghNo Comments

FUNDING

Bengaluru-based Mitra Biotech Raises $40 million

Mitra Biotech, a Bengaluru-based oncology solutions firm has reportedly secured funds amounting to $40 million (about Rs 270 crore) in a Series-C funding round. The following round was led by Northpond Ventures based in Maryland. The existing investors that participated in the funding round were Accel Partners, Sequoia Capital, Sands Capital Ventures, RA Capital Management and Tata Capital. “Northpond is excited to join Mitra, as the CANscript platform has the potential to meaningfully improve how we treat cancer patients,” said Michael P Rubin, CEO at Northpond Ventures. The funds so raised will be utilized by the company for commercial and trade expansion. A part of funds will also be used for completing the required data generation to get reimbursement coverage for a broad category...