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.

Popular Startups That Secured Funds From Ratan Tata
FUNDING

Popular Startups That Secured Funds From Ratan Tata

Indian industrialist and investor, Ratan Naval Tata who is well known as the former chairman of the popular conglomerate Tata Sons (one of the two holding companies of Tata group). Ratan Tata has done a commendable job in terms of investment activities and has been taking a keen interest in the Indian Startup ecosystem. With the help of his private investment company RNT Associates, Tata has marked his footsteps on various startups in the country. Though most of his investments are undisclosed amounts, it is a big honor for startups that are successful in bringing Ratan Tata on board. Also, you might be thrilled to know that Tata has been honored with the Padma Vibhushan in 2008 and Padma Bhushan in 2000, the second and third highest civilian honors awarded by the Government of India. ...
EdTech Company Edureka Raises $2 Million To Accelerate Growth
FUNDING

EdTech Company Edureka Raises $2 Million To Accelerate Growth

The Bengaluru based online education startup Edureka has reportedly secured an amount of $2 million in its first round of funding from privately funded venture investor known as Leo Capital. With the help of the amount raised through this funding, the company intends to reach the aggressive growth targets and bring in more senior expertise on board. The company works on making learning easier and interesting. The aim is to reach all parts of the globe and be accessible all over the world. The platform provides education in latest subject matters such as Cloud Computing, Big Data, Blockchain and Data Science. Along with this, the company also offers short term courses and 24*7 lifetime support. Lovleen Bhatia, Co-Founder and CEO of Edureka, said, “Edureka is a consumer-first company ...
Funding Of The Week (25th June – 30th June 2018)
FUNDING

Funding Of The Week (25th June – 30th June 2018)

This week we witnessed a good number of funding activities. A few companies raised a considerable amount of funding from various investors and thus, we have come up with a summary of all the fundings that took place this week i.e. from 25th June 2018 to 30th June 2018.     1) PolicyBazaar.com ETechAces and Consulting which operates PolicyBazaar.com has raised over USD 200 million (around Rs 1,360 crore) through a fresh round of investment led by Japan's SoftBank. The current round of funding will value the company over USD 1 billion. The funds would be used to grow the lending, investment and insurance business along with new initiatives such as healthcare tech and services and international expansion. PolicyBazaar.com has raised a total of USD 366 million throu...
FinTech Startup Sqrrl Raises Pre-series A Funding
FUNDING

FinTech Startup Sqrrl Raises Pre-series A Funding

Gurgaon-based startup Sqrrl Fintech has raised USD 1 million in their Pre-Series A funding round from Equanimity Venture Fund. Launched in March 2017 by trio Samant Sikka, Dhananjay Singh and Sanjeev Sharma the app is aimed at helping young Indians to build the habit of savings and investments. Post this funding round, Rajesh Sehgal, the Managing Partner of Equanimity Investments, will join the board of Sqrrl Fintech. It allows users to invest in high performing (zero-commission) mutual funds based on their investment needs, risk horizons & goals. Further, with a feature to round up your spending to INR 100 or INR 500, Sqrrl automatically invests the leftover amount, making it extremely convenient for the young generation to save while they spend. Sqrrl is a mobile app only ap...
Amazon To Be a Part Of Shuttl’s Fresh Funding Round
FUNDING

Amazon To Be a Part Of Shuttl’s Fresh Funding Round

The mobile-based minibus service platform, Shuttl is eyeing to raise an amount of $11 million (around Rs 76 crore) in a new round of funding from a group of investors along with the e-commerce giant Amazon. The investors that are expected to invest in this funding round are existing investors Sequoia Capital, Lightspeed Venture Partners and Times Internet Limited. Along with this, another fresh investor may include Dentsu Ventures which is a Japan-based corporate venture fund. Apart from this, it is also being said that Ambiga Subramanian, co-founder of data analytics MuSigma, will also invest according to her personal capacity. With the help of the investment, the company plans to expand and improve its customer base as the bus services apps have struggled to scale up and have of...
Cashify Raises $12 Million In Series C Funding Round
FUNDING

Cashify Raises $12 Million In Series C Funding Round

Cashify, an e-commerce company for used smartphones and gadgets has raised an amount of $12 million in Series C round of funding. The investors that led the funding were CDH Investments and MorningSide Group, along with Chinese re-commerce company AiHuiShou associating as a strategic investor. Apart from this, the existing investors were Bessemer Ventures and Shunwei Capital. Lately, in June, the company had raised funds from its strategic investor, AiHuiShou which then became its partner for the purpose of international expansion. Through this investment, Cashify aims to double its transaction volume to 200K by the end of the financial year 2019. Cashify will use the capital to boost up its operational capability and technology needs to grow the business’ footprint in India and g...
Healthy Snack Bar Company raises Rs. 3.43 Cr Funding from Sprout Venture
FUNDING

Healthy Snack Bar Company raises Rs. 3.43 Cr Funding from Sprout Venture

Eat Anytime parent's company Wholesome Habits Pvt. Ltd. which sells healthy snack bars has raised $500,000 (Rs. 3.43 crore) seed funding from an early stage investment firm Sprout Venture Partners along with a clutch of high net worth individuals. Rishit Sanghvi, founder of Wholesome Habits said on the recent development, "The funding would be primarily used for marketing, branding, increasing the distribution network and launching new products within healthy snack category." Started in 2016, the Mumbai based company was founded by Rishit Sanghvi and Rohit Garodia. In addition, the company also in-house chefs, technologist, and dieticians for product curation. With over more than 500 stores in Pune, Mumbai, Chennai, Bangalore and Hyderabad, the company also sells through an onl...
Wow Express raises $4.5 Mn from Tamarind Family Trust
FUNDING

Wow Express raises $4.5 Mn from Tamarind Family Trust

Wow Express, a Mumbai based E-commerce platform has raised $4.5 Mn in a Series A round of funding from existing investor Tamarind Family Private Trust of the Mansukhani family, the owner of the consumer durable brand Onida. The latest Series A round also included previously issued compulsorily convertible debentures, which converted along with this round. The company is looking forward to using the freshly raised capital in expanding its geographical presence, strengthening its technology platform and senior management team. Sandeep Padoshi, co-founder of WOW Express said, “We want to expand our e-commerce footprint, from the current 42 cities to over 100 cities in the next 12 months. We are also in talks to bring on board professional executives for our chief operating officer and chi...
Agri Tech Startup Eggoz raises 1.2 Cr Funding
FUNDING

Agri Tech Startup Eggoz raises 1.2 Cr Funding

Agri Tech Startup and Egg Producer Eggoz has raised Rs. 1.2 crore funding from a group of angel investors including Narendra Sankar, Sunil Mishra, Vishal Sharma, Anurag Jhanwar and Mohini Jhanwar. The company has plans to use fresh funds in business expansion across states of Bihar and Madhya Pradesh. Eggoz is also planning to use the capital in setting up a company-owned farm in Nalanda, Bihar which will act as a model farm to attract clients, and for research and development. Talking of the recent funding development, Mr Pankaj Pandey, Co-founder of Eggoz, said, India has a "serious" hunger problem and ranks 100th out of 119 countries on the global hunger. The egg is a wholesome nutritious food which is available at affordable price. We saw huge gaps in the market with Southern st...
ZunRoof Secures Rs 1.66 Crore From Group of Angel Investors
FUNDING

ZunRoof Secures Rs 1.66 Crore From Group of Angel Investors

Solar installation startup ZunRoof has received a huge funding boost after the startup successfully raised Rs 1.66 crore in its second angle funding round. The round was participation from i3N, Paipal Ventures’ Ajith Pai, Gaurav Gupta, Dalbergr and group of IIT Kharagpur alumni. Prior to this startup, the Gurugram headquartered startup had raised undisclosed amount from unidentified executives working in Facebook, Morgan Stanley and FICO.    ZunRoof will use newly raised funds to increase capabilities in IoT and monitoring segments. Besides, the startup is also aiming to increase its sales run rate by three-fold by end of the next year. Currently, the company’ sales run rate lingers around $6 million. Founded in mid-2016, ZunRoof is a brainchild of Pranesh Chaudhary and Sushant S...
SigTuple rasies $19 Mn Funding From Accel and IDG Ventures
FUNDING

SigTuple rasies $19 Mn Funding From Accel and IDG Ventures

SigTuple, an AI-based healthcare startup has raised 19 million i.e approximately Rs. 130 crores in a Series B round led by IDG Ventures and Accel Partners. The investment round also saw participation from pi Ventures, Flipkart’s executive chairman Binny Bansal, Endiya Partners, Axilor Ventures. The Bengaluru-based company plans to use the funds in the expansion of assembly and distribution of AI100 along with research and development of new solutions that can boost its reach and market presence. Rohit Kumar Pandey, chief executive at SigTuple said, The major chunk (of the money) will go into setting up a manufacturing pipeline so that we can put more devices in the market. We have applied for US FDA and CE certification. Once we go through the stage, it will require more clinical tr...
PolicyBazaar.com Raises 1360 Crore From Softbank Vision Fund, Enters Into Unicorn Club
FUNDING

PolicyBazaar.com Raises 1360 Crore From Softbank Vision Fund, Enters Into Unicorn Club

ETechAces and Consulting which operates PolicyBazaar.com has raised over USD 200 million (around Rs 1,360 crore) through a fresh round of investment led by Japans SoftBank. In a statement, the online insurance aggregator said, "it has clinched over USD 200 million in an investment round led by SoftBank Vision Fund, with participation from existing investors, including InfoEdge (Naukri.com)." The current round of funding will value the company over USD 1 billion. When Pixr8 News contacted, the company spokesperson declined to comment on the valuation part but said part of the funds would be used to grow the lending, investment and insurance business along with new initiatives such as healthcare tech and services and international expansion. The celebrated tech Unicorn club in In...