funding | Pixr8 News

1May By NitishNo Comments

FUNDING

Mumbai based Fintech Startup Raises Funding

Mumbai based fintech Startup Rubique Technologies raises an undisclosed amount of funding led by Japan's Recruit Group and Russian venture capital management company, Emery Capital. The funding will enable Rubique to further strengthen its technology and analytics capabilities. Established in the year 2014, the company has registered 200k customers and facilitated loan disbursement worth approximately Rs. 2,670 crores and over 82,000 credit card setups through its platform. The company generated revenue of around $7.2 million. Rubique aims to break even in 2019 and achieve Rs. 100 crores revenue by 2021. "We have managed to successfully stand out in the FinTech space as an innovator par excellence and one of the genuine success stories of the domain through our unique asset-light...

26Apr By Sheldan RungasamyNo Comments

FUNDING

Online Travel Marketplace Raises 1.6 Crore Funding

Tripshelf, an online travel marketplace announced on Wednesday that it raised a funding round worth Rs 1.6 crore from a group of investors which includes GEMS advisory, Alok Mittal of Indifi, Sachin Bhatia the co-founder of MakeMyTrip and TrulyMadly, and more. The funds raised will be used to consolidate its business operations and establish a long term asset vs. hyper growth capital. Tripshelf is currently enjoying a positive period after achieving several targets such as an annual Gross Transaction Value (GTV) of Rs 36 crore and an annual revenue run rate of Rs 1.5 crore. After this funding round, the startup is now setting its eyes on achieving a run rate of Rs 3 crore annually, and a GTV of around Rs 50 crore. This time, with the fresh capital, we look forward to on-boarding mor...

25Apr By NitishNo Comments

FUNDING

Hyderabad Based Sales Tech Startup Raises 50 Lakhs Funding

New Delhi, April 25, 2018: A B2B sales intelligence platform Hyperdata.IO has raised a structured round of financing of Rs 50 lakhs from Singapore based CCube Angels Network (CAN). Some of the key investors leading this round are Atim Kabra, founding partner of Frontline Strategy Limited and an active angel investor, and Abhay Deshpande, a SaaS veteran, and a Serial Entrepreneur. Hyperdata was founded in mid-2017 by Samrat Krishna, an IIT Madras dropout who’s held early stage roles in high growth startups like Instamojo, Wingify and Capillary Technologies, and Manjunath Sindagi, an IIIT Bangalore alumnus who’s held senior roles in Red Hat, Credit Pointe (Acquired by Genpact) and Network 18. Hyperdata is built on the premise that every minute, prospects and customers are sharing new cruc...

25Apr By Sheldan RungasamyNo Comments

FUNDING

Startup Paying Users’ Air Tickets Raises Funding

Mihuru, a startup that provides micro loans to air travelers through its online platform recently raised a seed funding of $150,000 (Rs 99.3 lakh) from several entrepreneurs and investors with high net worth. However, the startup did not reveal the names of its investors. The funds will serve to expand the portfolio of products and services offered by the startup, grow its team and foray in different travel sectors. “Mihuru will also expand into credit products for travel verticals other than flights,” said Shruti Mehrotra, co-founder and chief executive of Mihuru. The founder also shared that the funds raised will allow the company to provide an innovative platform that will allow its users to split payment for their entire trip across months and payment methods. The Mumbai-bas...

25Apr By NitishNo Comments

FUNDING

Mobile Lending App Raises $50 Million Funding, Will Expand Operation in India

Kenya based Tala, the leading global technology company committed to financial inclusion, will bring its popular consumer lending app to India. The expansion was announced along with a new $50 million Series C funding led by Revolution Growth to scale up the success already in progress. Tala has also recently raised an additional $15 million to power its loan book. The round brings Tala’s total financing to more than $105 million. Founded in 2012 by Shivani Siroya, who grew up in India and the United States has launched Tala in Kenya. Tala is the first smartphone-based lending app in the world. Through its mobile platform, Tala has delivered more than 6 million loans to nearly 1.3 million customers and originated more than $300 million. The popular app is currently number 3 in the...

24Apr By AnkitaNo Comments

FUNDING

New Delhi Based Organisation Looking to Raise $50 Million Funding

New Delhi based Home Healthcare organization Critical Care Unified (CCU), planning to raise $50-60 million in the next few months to expand its market, as the company said in its press release. The healthcare startup is planning to expand its footprint into 10 metro cities of India & in 4 middle east countries. The home healthcare service provider recently launched its operation in Mumbai, where the home healthcare startup will provide all solutions at a patient's doorstep, including ICU care services, discharge management, stabilization of patients at home, testing and calibration of the ventilator to name a few. Since inception, CCU has achieved profitability on a monthly basis, with a turnover of Rs. 2.60 crores in 2017. With in excess of 15 percent revenue growth in each q...

Gurgaon Based Balance Management App Raises $23 Million

21Apr By NitishNo Comments

FUNDING

Gurgaon Based Balance Management App Raises $23 Million

Gurgaon based digital wallet and financial services platform True Balance raise $23 Million in a Series B funding. The company has raised total $38.6 Million funding so far. The funding will use towards talent acquisition and expanding benefits of need-based financial services. The funding saw the participation from Japan-based global messenger Line Ventures Corporation, Korean search engine Naver, leading Korean bank Shinhan Bank along with TS Investment and other partners. The app-based platform is planning to recruit from leading Indian educational institutes like Indian Institutes of Technology (IITs) and Indian Institutes of Management (IIMs) among others to improve its business & technology. True Balance is a balance management utility application that helps prepaid u...

News Update: SaaS Startup Raises $1.1M From Existing Investors

20Apr By Lavina TolaniNo Comments

FUNDING

News Update: SaaS Startup Raises $1.1M From Existing Investors

Bengaluru based startup Fyle, an expense management platform has announced a fresh round of $1.1 Million funding from existing investors, Pravega Ventures and Beenext. Also part of this funding round is a strategic investment from Girish Mathrubootham led Freshworks, which has been a customer of Fyle across multiple countries. Expense management is a boring but necessary process for every company and though there have been many attempts to solve this problem, it continues to be a painful and frustrating experience for any employee. This was the business problem that Fyle is aiming at solving, and by helping automate and streamline the entire experience for businesses, they are well on their way to doing so. "Finance and Admin teams love the product as it helps them become complian...

20Apr By AnkitaNo Comments

FUNDING

Delhi Based Apartment & Hostel Listing Platform Raises 1.4 Crore Funding

Delhi based Apartment and Hostel listing platform Zocalo has secured ₹1.4 Cr funding from Xander Group. Xander group is a global real estate & investment firm. Founded in 2014 by Uday Lakkar, an IIM-Ahmedabad alumnus, and a former McKinsey executive, Zocalo is a broker-free platform that offers paying guest, hostel, shared and rental apartment accommodation listings. "Zocalo" is the Mexican term for a public square or plaza. Earlier, the startup has raised an angel round of funding from investors including Rajesh Sawhney, Founder of GSF Accelerator, Sachin Bhatia, co-founder of MakemyTrip, Mahesh Parasuraman, former managing director of the Carlyle Group, Dheeraj Jain, partner with a UK-based hedge fund, and Advantedge Incubators. As per the platform data, they have an i...

20Apr By NitishNo Comments

FUNDING

Chai Point Raises $20 Million Series C Funding

Bengaluru based Popular beverage chain Chai Point raises USD 20 million Series C funding round, led by Paragon Partners, which will be allocated towards spurring its growth in India. Founded in 2010, Chai Point is an organized brand in the Rs.1.5 Lakh crore tea market targeting one billion Indians. With the average per capita consumption of the beverage increasing at a steady rate of 20-30 percent, the market is ever expanding. The company, who offers nearly 0.3 million cups of Chai a day across all its channels, stores, delivery, and dispensers is poised to do five-fold more in the next three years. "This funding round is primarily aimed at further strengthening the brand's multi-channel go-to-market. A substantial portion of our investment proceeds will go towards deepening our ...

17Apr By NitishNo Comments

FUNDING

Luxury Hotel Booking Platform For Business Class Raises $200000 Funding

Delhi based icanstay.com, an online luxury hotel booking platform for business travelers has raised a fresh round of funding of Rs 1.30 Cr from an angel investor Mr. Manoj Prasad, executive chairman at Singapore-based venture capital and management advisory firm MP Morgan Capital Partners Pte. Ltd. Earlier the online platform has raised Rs 2.24 Cr from the same investor who has picked up 6.54 % stake in the company. The overall funds acquired are now $550000. The latest funding values icanstay at more than Rs 36 Cr, in just nine months since its commercial launch. icanstay is launched to fulfill the aspiration of millions of Indians, who have yet not experienced stay in a Luxury Hotel. As per the market study, less then 2% Indians have experienced stay in a luxury hotel. There ...

16Apr By NitishNo Comments

FUNDING

India’s First Electric Bike Company Raises 2 Crore Funding

Bengaluru based India's first electric bike Emflux Motors has secured ₹2 Cr in fresh capital from existing and new investors. The investors participated in this round were R Gopal Reddy, MD of Concorde Group, Narendra Sujan, Director of Sujan Group, Fabian Brian Crain, Co-founder of Chorus One and Epicenter, and existing investors - Meher Roy & Risabh Gupta along with other HNIs. Founded by Varun Mittal and Ankit Khatry, Emflux motors planning to launch it's first prototype a sports bike in October 2018. The bike is estimated to be priced between ₹5 Lakhs to 6 Lakhs. The charging time of bike is- from 0-80% in 36 minutes. The company was also showcased in Auto Expo 2018 in Hall 08. The bikes will be given a 5-year warranty. Electric Vehicles are no doubt the future of the...