Thursday, March 28

FUNDING

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

VR Startup SmartVizX Secures Rs 10 Crores Funds
FUNDING

VR Startup SmartVizX Secures Rs 10 Crores Funds

A Noida-based VR (virtual reality) startup SmartVizX has reportedly raised funds amounting to Rs 10 crores ($1.45 million) in a pre-series A funding round. This funding round was led by YourNest Venture Capital and Indian Angel Network‘s IAN fund. The company plans to use the funds so raised in boosting up the product team and also set up extra and additional capabilities to the product. Also, a part of funds will be utilized for international expansion as stated by Tithi Tewari, who is the managing director of the company. Along with this, SmartVizX has also announced the inauguration of Trezi, which the company has claimed to be the first VR-based platform for architecture and interior design collaboration. In this regard, Tithi said, “SmartVizX is the first Indian company to offe...
Mumbai Based Startup Shop101 Raises $5 Million
FUNDING

Mumbai Based Startup Shop101 Raises $5 Million

The social commerce platform ‘Shop101’ has reportedly secured an amount of $5 million. The particular funding round was led by Stellaris Venture Partners and along with this saw the participation of investors like Vy Capital, Raghunandan G (TaxiForSure co-founder), and Ramakant Sharma (Livspace co-founder). The funds raised through the latest round will be utilized in the process of strengthening the company’s core leadership and product team. Also, a part of the funds will be used for boosting up the supplier network and enhance its technology platform. “We are very excited to partner with Abhinav (Jain), Aditya (Gupta) and their exceptional team in their journey to build India’s first social selling platform,” said Chowdhri. Founded in 2015 by Abhinav Jain and Aditya Gupta, the Mumb...
Investment Firm Groww Raised $1.6 million
FUNDING

Investment Firm Groww Raised $1.6 million

Bengaluru-based investment firm Groww has reportedly secured an amount of $1.6 million in a pre-series A funding round. The latest funding round was led by Insignia Ventures Partners, Lightbridge Partners, Kairos. The funding round also witnessed the participation of existing investors such as Mukesh Bansal and Ankit Nagori. The company plans to use these funds so raised to make its technology strong and further build growth channels that might increase the scale of the company. "We challenge ourselves every day with how to keep Groww simple for new investors while adding more products and functionalities. Our long-term goal is to make anything related to finance extremely simple and transparent for users while providing them the best user experience," said Lalit Keshre, co-founder and...
One More Indian Lending Startup Raises $10 Million Funding
FUNDING

One More Indian Lending Startup Raises $10 Million Funding

IndiaLends, a New-Delhi based digital lending and borrowing marketplace has raised $10 million (about Rs 69 crore) in a Series B funding round. The funding round was led by ACPI Investment Managers (London-based asset management firm) and Ganesh Ventures (India-focused venture capital firm). The latest funding round also saw the participation of existing investors such as AmEx ventures, Deepak Shahdadpuri-led consumer-focused venture capital firm DSG Consumer Partners and AdvantEdge Partners. This funding news has come around 18 months after the firm had secured $4 million in a funding round which was led by American Express Ventures, the corporate venture investment arm of American Express Company. As of now, the total amount that the company has raised in funding is around $16 mill...
Funding Of The Week (2nd July – 7th July)
FUNDING

Funding Of The Week (2nd July – 7th July)

This week witnessed a number of funding activities and a few startups secured a considerable amount from various investors. Among all the fundraisers this week, Automation Anywhere raised the highest amount of funds amounting to $250 million. Funding is a major part of growth and expansion for a company. It is the backbone of the business plans and strategies. Without funding, a company cannot even think of taking up any major business steps. Many other companies also were a part of funding this week and here we have a list of them:         1) Automation Anywhere: (Funding link: https://goo.gl/a7YkwQ) The cognitive robotic process automation platform called Automation Anywhere has secured an amount of $250 million in a funding round led by New En...
P2P Lending Firm Monexo Fintech To Raise $5 Million in Equity
FUNDING

P2P Lending Firm Monexo Fintech To Raise $5 Million in Equity

P2P money lending marketplace Monexo Fintech plans to raise an amount of $5 million in form of equity. The company plans to invest these funds in IT and infrastructure, which require spontaneous capital addition in the initial stages of any online business. Mukesh Bubna, the founder and CEO of the company said that they are looking for a strategic patient capital. Patient capital means those investments in which investors do not seek quick returns. The company had also received the license from RBI to operate an NBFC-cum-P2P lending platform last Friday. This type of lending platform allows the people to borrow and lend money without the need of any financial institution as a mediator. “We have begun talking to investors. With the RBI regulation in place, there is much more positivi...
FoodTech Startup HungerBox Raises $4.5 Million in Series A Funding
FUNDING

FoodTech Startup HungerBox Raises $4.5 Million in Series A Funding

A Bengaluru-based business to business foodtech company called ‘HungerBox’ has secured an amount of $4.5 million in a Series A funding round led by Sabre Partners and Neoplux which is a South Korean investment company. Along with these investors, the funding round witnessed participation of Infosys Co-founder Kris Gopalkrishnan and Lionrock Capital, who have been the existing investors in the startup. “HungerBox's strength of their technology-led solution, deep penetration into large corporate accounts and carefully calibrated growth means their business is extremely robust. We are delighted to partner this exciting company as they harness the potential for disruption in the corporate catering space in other markets beyond India,” said Alex Noh, Head of Cross-border Investment at Neopl...
Online Lending Platform LoanTap Raises $6.25 Million Funds
FUNDING

Online Lending Platform LoanTap Raises $6.25 Million Funds

Online lending platform ‘LoanTap’ has successfully secured an amount of $6.25 million (Rs 42.83 crore) in an equity funding round. The round was led by Shunwei Capital, which is a Beijing-based venture capital firm. Apart from Shunwei Capital, the funding round also witnessed the participation of Tuscan Ventures (Mumbai-based private investment company) and Ashish Goenka (owner of Suashish Diamonds) along with existing investors such as India Quotient and Kae Capital. “Our plan is to leverage the Rs 40 crore that we have raised by four to five times to source around Rs 200 crore from lending institutions, which will be used to lend out to more consumers,” said Satyam Kumar, co-founder of LoanTap. Founded in 2016 by Satyam Kumar and Vikas Kumar, the fintech firm LoanTap offers several ...
News Aggregator HubHopper Raised Funds For Expansion
FUNDING

News Aggregator HubHopper Raised Funds For Expansion

A Delhi-based news aggregator platform ‘HubHopper’ has reportedly secured an undisclosed amount in a funding round led by Unit-E Ventures which is a Mumbai-based venture capital firm. The company is planning to utilize the funds in the expansion of its team and also to enhance work on its recommendation space. A part of funds will also be used in redemption and aggressive marketing plans. HubHopper was launched by two brothers names Gautam and Uday Raj Anand in 2015. The company was initially started as a social networking company and gradually emerged as a content aggregation and publishing platform in 2017. This was basically done to reduce the gap between the content consumers and content creators. Talking about the investment part, prior to this funding round, HubHopper had ra...
RPA Startup Automation Anywhere Raises $250 Million
FUNDING

RPA Startup Automation Anywhere Raises $250 Million

The cognitive robotic process automation platform called Automation Anywhere has secured an amount of $250 million in a funding round led by New Enterprise Associates and Goldman Sachs. With this fresh funding round, the company’s valuation has reached $1.8 billion. Automation Anywhere aims to utilize these funds in increasing its customer base in North America, LATAM, India, Europe, Australia, Japan, South Korea and Singapore (ASEAN). Along with this, it also has plans to employ the funds in expanding the technology in additional areas. “Customers tell us that traditional process automation technologies are capable of automating only about 20 percent of an enterprise’s business processes. We believe our Intelligent Digital Workforce Platform can automate up to 80 percent of these pr...
FoodTech Company ‘Biryani By Kilo’ Raises $1 Million
FUNDING

FoodTech Company ‘Biryani By Kilo’ Raises $1 Million

A Gurugram-based foodtech company called ‘Biryani By Kilo’ has reportedly secured funds amounting to $1 million in a pre-series A funding round. The investment was carried forward by a clutch of investors led by Ajay Relan (Founder Chairman at CX Partners) and Vinay Mittal (Chief Financial Strategist at HT Media). The purpose of the startup is basically to use the funds raised in boosting up the operations and developing over 20 more stores all over the country. Apart from this, the company also aims to achieve a sales run rate of more than Rs 40 crore by March 2019. The current revenue of the company is nearly Rs 24 crore along with a 70-80 precent growth rate. The company also stated, “BBK would be raising Series-A round early 2019 to take BBK pan India, and become Rs 100 crore+ in t...
Automobile Aftermarket Platform Raises USD 600K Led by The Chennai Angels and Keiretsu Forum
FUNDING

Automobile Aftermarket Platform Raises USD 600K Led by The Chennai Angels and Keiretsu Forum

Chennai-based automobile aftermarket platform, GoBumpr, has raised around $600k in Pre-Series A funding led by the existing investors The Chennai Angels (TCA), Keiretsu Forum and individual investors. The investment round was led by Mr. Vinod Kumar Dasari (MD, Ashok Leyland) and saw participation from Shankar V (Director, Acsys Investments), Ramaraj R (Founding Member, Elevar Advisors), Priyamvada Balaji (Wholetime Director, Lucas Indian Service) from TCA to name a few. Ramesh Mangaleswaran (Senior Partner, McKinsey) and Gopal Mahadevan (CFO, Ashok Leyland) have also invested in the company as part of this round. Earlier, GoBumpr raised $420K in Jan 2017 in their first round of investment.  Started in Oct 2015 by IIM grads Karthik Venkateswaran, Nandha Kumar Ravi and Sundar Nate...