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25Aug By Gauri SinghNo Comments

FUNDING

Imarticus Learning Raises Series B Funding from CBA Capital

Professional education company Imarticus Learning Pvt. Ltd has reportedly raised funds amounting to $2 million (Rs 13.9 crore) in Series B funding round. The particular round was led by education-focused venture capital fund CBA Capital. The company is planning to deploy these funds into the process of expansion of its international operations and strengthen its presence in Mumbai, Delhi, Hyderabad, Bengaluru, Chennai, and Pune. Also, the company is soon looking to foray into three Tier-II locations as well. "We are thrilled to partner with CBA Capital and successfully close this round of funding. The funding will not only boost the brand's status as a leading ed-tech company but also help us take it to the next level of growth," said Nikhil Barshikar, MD, Imarticus Learning. Founded ...

Hyundai Motor Backs Delhi-based Car-Sharing Platform Revv

24Aug By Gauri SinghNo Comments

FUNDING

Hyundai Motor Backs Delhi-based Car-Sharing Platform Revv

New Delhi-based car-sharing platform Revv has reportedly secured funds amounting to Rs 100 Crore in a Series B funding round. This particular round was led by the popular South Korean car maker Hyundai Motor. The other investors that participated in this round included Edelweiss and Beenext that are the company’s existing investors. Along with this, fresh investors like Dream Incubator, Sunjay Kapoor of Sona BLW and Telama Investment were also a part of it. These company is planning to use the funds so raised for the expansion of its product offerings for both long-duration and on-demand use cases. Also, a part of the funds will be used to strengthen its technology team and build brand awareness. The company is also looking to increase its existence to 30 cities in the next 12 month...

Alphabet-backed One Medical Raises $350 Million

23Aug By Gauri SinghNo Comments

FUNDING

Alphabet-backed One Medical Raises $350 Million

Alphabet-backed One Medical has reportedly announced that it has secured an amount of $350 million in a funding round. This round was led by the Carlyle Group. The company is planning to utilize these funds in an aggressive expansion plan for the company, which will include doubling its 72 offices throughout the seven states. One Medical, at present, is serving and expanding into new markets. The markets have yet not been clarified but they will soon be finalized. Along with this, the funds will also assist the company in taking on dinosaur incumbents in the medical field as well as newer startups with a similar technology offering such as Forward, an AI-based “medical office of the future.” "From the time of our founding by Dr. Tom X Lee, we have been on a mission to create an enti...

A Car-Sharing Platform Raises $300 Million from SoftBank

22Aug By Gauri SinghNo Comments

FUNDING

A Car-Sharing Platform Raises $300 Million from SoftBank

San Francisco-based Getaround, a car-sharing platform that provides instant and keyless car sharing has raised an amount of $300 million in the latest Series D funding round. The particular funding round was led by Japan's SoftBank Group. The other investors that were a part of this funding round included Toyota Motor and some other existing investors. The funds raised by the company are being planned to use in the expansion process in areas of North America and around the world. Also, a part of the funds will be utilized to develop partnerships with automakers. “We are confident in our product, playbook, and team,” Sam Zaid, Getaround founder and CEO said. “We look forward to leading the growth of next-generation carsharing.” Founded in 2013, Getaround has gradually grown its netw...

21Aug By Gauri SinghNo Comments

FUNDING

P2P Lending Firm Finzy Raises $1 Million in Second Tranche

Bengaluru-based P2P lending company Finzy has reportedly secured an amount of $2.3 million in funding, which included the first tranche of $1.3 million raised in March this year. In this tranche, the company raised the remaining $1 million. The names of the investors have not been revealed, however, the company stated that senior professionals of the banking and financial services industry and successful entrepreneurs took a part in the funding round. These funds raised by the P2P firm are being planned to be deployed in the geographical expansion, technology investment and stronger distribution networks. "Our seed investors also participated in this Pre-Series A round at more than 4 times valuation as compared to the seed round. This round will help us scale our business closer tow...

20Aug By Gauri SinghNo Comments

FUNDING

Singapore-based Elara Technologies Raises $35 million in Fresh Funding

Elara Technologies, the owner of Housing.com, PropTiger.com and Makaan.com that is based in Singapore has reportedly raised an amount of $35 million in a fresh funding round. The round was led by Citi Singapore and these funds are being planned to be used for business growth. The investment will be made in the brand building, product & technology, sales force and geographic expansion. "Our consistent high double-digit growth momentum and mode of financing reflect the strong fundamentals of our company. We expect this funding to catalyze our next phase of growth and build our leadership in the rapidly expanding digital real estate space in India" stated Dhruv Agarwala, Group CEO of all the three brands of Elara Technologies. Housing.com had recently claimed that its revenues had im...

Mumbai Based GAIA Bespoke Raises Investment From Angel Investors

17Aug By NitishNo Comments

FUNDING

Mumbai Based GAIA Bespoke Raises Investment From Angel Investors

Mumbai based GAIA Bespoke, a one-stop destination for women’s tailor-made Western wear, raises a recent round of funding from Angel Investor Sanjib Jha, Lead Advisor at SIDBI/World Bank and former founding CEO of IntelleGrow. The brand will strengthen its operations followed by planned expansion to other cities. Founded by Gayatri Thampi, GAIA Bespoke a fashion startup helps solve day to day challenges of modern day woman to dress the way she wants with one simple solution Made to Measure Clothing! The online collection of 1000 plus templates of tops, dresses, jackets, trousers, skirts, gowns and much more along with a unique DIY designing tool helps customers self-design their garments as per their preference with a “Made to Fit” clothing option. GAIA Bespoke has their offline retail f...

17Aug By Gauri SinghNo Comments

FUNDING

London-Based Threads Raises $20 Million in Fresh Funding Round

London-based women’s wear company Threads has reportedly raised funds amounting to $20 million in a fresh funding round. The funding round was led by fashion and millennial-focused fund C Ventures. It also saw the participation of Highland Europe (which invests in Matches Fashion, among other related businesses). The funds so raised will be utilized by Threads for the expansion of its business across the board. Also, a part of the funds will be deployed in the hiring of more stylists and more engineers to build tech which would help the operation run smoother. Other creative staff will also be hired to boost up the operations. At present, 90 people work in the company. “Tech has moved quickly and we are starting to test and how we will integrate more AI,” founder and CEO Sophie Hill sa...

17Aug By Gauri SinghNo Comments

FUNDING

Foodtech Startup EazyDiner Raises Rs 41 Crore in Series B Funding

EazyDiner Pvt. Ltd, a restaurant reservation startup has secured an amount of Rs 41 crore in Series B funding round. The funding round was led by Denlow Investment Trust and early-stage investment firm Beenext. The funds raised in the latest funding round are planned to be used in the expansion of its existence as well as for strengthening its loyalty programme, EazyDiner Prime. It was an equity financing round and following this funding, the valuation of the company reached Rs 280 crore. The latest round closed about two weeks ago and this round has come almost nine months after the company raised capital in funding led by existing backers DSG Consumer Partners and Saama Capital. “India’s restaurant dining scene has been growing exponentially every year. EazyDiner is a play on Indi...

16Aug By Gauri SinghNo Comments

FUNDING

Swedish-startup Karma Raised $12 million in Series A Funding

Swedish-startup Karma which is an app that connects restaurants, cafés and grocery stores with users eager to purchase unsold food at a lower price has secured $12 million in Series A funding. The funding round was led by Kinnevik, a Swedish investment firm. The round also saw the participation of investors like U.S. venture capital firm Bessemer Venture Partners, appliance manufacturer Electrolux, and existing investor VC firm e.ventures. With this funding, the company plans to expand from 35 people based in Stockholm to over 100 across 5 markets by the end of next year and over 150 by mid of 2020. Following this funding round, the total funding amount of the company as of now has reached $18 million. Karma was founded by Hjalmar Ståhlberg Nordegren, Ludvig Berling, Mattis Larsso...

Wakefit in Advanced Talks to Raise $6 Million from 3 Venture Capital Funds

13Aug By Gauri SinghNo Comments

FUNDING

Wakefit in Advanced Talks to Raise $6 Million from 3 Venture Capital Funds

Wakefit, an online company that sells mattresses is in advanced talks with three venture capital funds for the purpose of securing about Rs 40 crore ($6 million). The funding will be led by Sequoia Capital. If the funding is implemented, it will be Wakefit’s first external round of investment. The company was inaugurated in 2016 by Ankit Garg and Chaitanya Ramalingegowda. The large part of funds so raised is expected to be used towards the expansion of the product portfolio. Wakefit is planning to offer beds/cots, neck pillows and a limited range of nightwear, driven by research to induce sleep faster for the wearer. “Our mattress is currently in its 11th iteration, which we continuously change after feedback from customers. Since we started in 2016, we have sold over 1.25 lakh unit...

13Aug By Gauri SinghNo Comments

FUNDING

Bugworks Research Secures $9 million in Series A Funding

A Bengaluru and Delaware-based drug discovery company called Bugworks Research has reportedly raised $9 million (about Rs 62.2 crore) in a Series A round of funding. This particular round was led by the University of Tokyo Edge Capital (UTEC). The latest funding round also saw participation from South Africa-based Acquipharma Holdings, 3one4 Capital and angels including Marcus Schabacker, the former chief strategic officer of Baxter Healthcare, and Shrikumar Suryanarayan, former head of research and development at Biocon. The funds so raised will be used by the company to deepen its clinical trials. “The company, in three years, has invented a novel class of antibiotics for superbugs. We have completed several animal tests. The plan is to enter human trials by 2020,” said Anand An...