Friday, March 29

Tag: funding

Mumbai-Based Cannabis Company Raises 3.08 Crore Funding
FUNDING

Mumbai-Based Cannabis Company Raises 3.08 Crore Funding

Bombay Hemp Company Pvt Ltd. (BOHECO), raised Rs3.08 Crore capital from Ginni International Limited, a textile company based in Hong Kong and existing investor, Mukhtar Tejani of Gits Food. The company had previously allotted 308,063 shares worth Rs100 each. BOHECO previously raised 6.25 crore from a group of investors that included the notorious Ratan Tata, Chairman emeritus of Tata Sons and Sanvar Oberoi, Google India’s managing director. The company specializes in the study of cannabis for medicinal purposes. It began establishing its business-to-consumer apparel brand B Label made from cannabis and another branch of business-to-business textiles made from cannabis such as fabrics, fibers and yarns and hemp seed products as well. The company, in partnership with the Council of Sci...
FUNDING

Employee Engagement and Benefits Startup Raises Seed Funding

Gurgaon based HR Technology startup Benepik that provides a mobile-based solution for Employee Communication, Engagement, Rewards and Recognition, has raised an undisclosed amount in seed funding. Benepik has raised the seed funding from a group of investors including Vishal Bali. Vishal is a serial investor and has invested in several startups including Bengaluru based Health Tech start-up Feet Apart. Delhi-based HR Leader Yogesh Misra and a Delhi based HNI also participated in the round. Benepik was founded in 2015 as an Employee Benefits platform. Saurabh Jain, Founder & CEO is an alumnus of Delhi School of Economics and has worked in consulting and technology practices at Capgemini, Deloitte and UNDP across India & Europe. In the last two years, Benepik has evolved ...
O2O Platform Fynd Raises Funding From Google
FUNDING

O2O Platform Fynd Raises Funding From Google

Omni-channel platform Fynd closed Series C round of funding led by Google. The other active investor's group like Kae Capital, IIFL, Singularity Ventures, GrowX, Tracxn Labs, Venture Catalyst, Patni family office and Hong Kong-based Axis Capital among other angel investors in the round. Fynd's latest round of funding will enable the platform to further enhance the way it engages with consumers and retailers in a better way. With 8,000+ outlets on board, Fynd's unique proprietary inventory integrations enable customers to discover fashion in real-time and know the exact specifications of the products available. Earlier in April 2017, Fynd raised funds led by IIFL with participation from New York-based FJ Labs and Silicon Valley-based Rocketship among other participating existing...
Fintech Startup Raises $2 million Pre series A Funding
FUNDING

Fintech Startup Raises $2 million Pre series A Funding

SmartCoin, a Bengaluru based Fintech startup raises $2 million funding in pre-Series A round from a top Chinese VC fund and Accion Venture Lab. An existing investment group Unicorn India Ventures also participated in the round, along with ISME ACE, a leading fintech accelerator. This funding round will use to expand the team and operation with an aim to cover a much larger customer base. SmartCoin is a mobile app based lending platform, capable of assessing the risk profile of a prospective borrower in real time, using data science and machine learning algorithms. "With this round, we expect to grow the momentum and further scale 10X over the next six to twelve months. Having specialists as investors, who are passionate about micro-lending, on board will only help us cover more g...
GPS based Tracking Platform Raises $250000 Seed Funding
FUNDING

GPS based Tracking Platform Raises $250000 Seed Funding

Roadcast, a GPS based social platform that lets you create and share journeys with your friends and family in real-time raises $250000 in an angel funding round. The funding will use to expand the operations across major cities in India, with a prime focus on states like Punjab, Rajasthan, MP, Maharashtra, Uttar Pradesh and Gujarat. Also, some part of the funding will help to boost the organization's R&D, product structuring, PR and advertising operations, while also helping it to grow in terms of members as well as infrastructure. (more…)
Fintech Startup CashSuvidha Raises $1 Million Funding
FUNDING

Fintech Startup CashSuvidha Raises $1 Million Funding

Indian Fintech startup Cash Suvidha raises $1 million pre-Series A funding from the set of investors including Initia Holdings Ltd, Vipin Agarwal, Partner in India Industrial Growth Fund and others. The new funding round will use to facilitate further lending to SMEs, MSME, individuals and improve the technology infrastructure. Cashsuvidha is targeting users from Delhi NCR, Bangalore, Pune, Hyderabad, Mumbai, and Rajasthan locations to maximize borrowers. According to the company, which registered as a Usha Financial Services receives around 15,000 loan applications per month and disburses loans within two working days. The Delhi based company has raised total $5.2 million debt funding and distributed Rs 152 crore. As per the data, Cashsuvidha 80% loan goes to SME sector. ...
Creditas Solutions Raises Pre-Series A Funding
FUNDING

Creditas Solutions Raises Pre-Series A Funding

Creditas Solutions, a FinTech startup received an unrevealed amount from Pre-Series A funding round which was run by 1Crowd, an equity crowd-funding platform. The funds from the investment will be used to expand the company’s team, data science abilities and to invest in technology. The technology is focused on banks a single platform to manage the entire delinquency cycle. "This new round of funding not only gives us the capital to scale exponentially but also validates the faith the Banking sector is reposing in our Solutions," said Creditas co-founder Anshuman Panwar. Creditas is an organization set up to help banks and non-banking financial companies (NBFCs) in enhancing customer acquisition, cross-sell, delinquency detection, financial literacy and debt recovery. They validat...
Blockchain Capital Raises $150 Million Funding
FUNDING

Blockchain Capital Raises $150 Million Funding

San Francisco-based venture capital firm Blockchain Capital closed a $150 million fund today. As per the press release, the company that focuses investments in blockchain and cryptocurrency have total assets to $250 million under management. Founded in 2013, Blockchain Capital is one of the earliest and most active investors in the blockchain technology industry and the crypto ecosystem. Blockchain Capital has raised and deployed three prior venture funds, including the first-ever ICO of a venture fund (BCAP) in April of 2017. The firm is based in San Francisco and was founded by serial entrepreneurs and Silicon Valley investors Bart Stephens and Brad Stephens. Among its 72 past investments are digital currency trading platforms Coinbase as well as a lead investment in Coinsetter whi...
i2iFunding.com raises 5 crores funding
FUNDING

i2iFunding.com raises 5 crores funding

i2iFunding.com, a prominent peer-to-peer lending platform announced on Thursday that it has raised a second round of angel investment worth Rs 5 crores. The funding round was led by SucSEED Venture Partners, Manish Poddar, an entrepreneur and investor along with a group of angel investors from worldwide famous consulting and private equity firms. The investment will be used to strengthen technology, infrastructure and to expand geographically. "We are developing the technology that can easily help to channel these savings to credit starved small borrowers. It is our mission to provide quick credit to small borrowers at appropriate interest rates. We will help the Government of India in its objective to further increase financial inclusion," said i2iFunding.com co-founder, Vaibhav Kum...
Popicorn Raises 99 Lakh INR Funding
FUNDING

Popicorn Raises 99 Lakh INR Funding

The Hyderabad based ready-to-eat popcorn maker Popicorn has raised funding of ₹99 Lakhs from Avia Wealth, a London-based wealth management firm. Operated by Timla Foods Private Limited, Popicorn started in early 2016 by Prashanth Gowriraju, Arun Sahlam, N V Prasad and Naveen Alzapur. Arun is the previous founder of CarWale, an online platform for research, pricing and marketplace information on cars.  Which was acquired by CarTrade for $90M. Popicorn aims to offer a complete range of wholesome better-for-you snacks for all ages and lifestyles. It has earlier raised a seed round from Kae Capital and a set of HNIs. The startup has so far raised total ₹8.5 Cr funding. TIMLA FOODS is a leading national brand, making READY-TO-EAT Snacks. The company’s premier product is PopiCorn, a type ...
Hyderabad based Fintech Firm BASIX Sub-K raises 35 Crore
FUNDING

Hyderabad based Fintech Firm BASIX Sub-K raises 35 Crore

Hyderabad-based financial company BASIX Sub-K iTransactions Ltd has raised Rs. 350 million funding to deepen their efforts towards greater financial inclusion in India. The funds were raised from global nonprofit and financial inclusion pioneer Accion, and Nordic Microfinance Initiative (NMI), a public-private partnership, owned by among others, the Norwegian and Danish governmental funds for developing countries (Norfund and IFU). The company will use this large funding amount for business growth in small cities and rural area by investing in the expansion of its agent banking network and credit facilitation for micro and small businesses. Also, the amount will use to make the platform tech enable. The company position itself as a preferred FinTech as well as distribution partner...
Rural Health-Tech Startup Raises Rs 3 Crore
FUNDING

Rural Health-Tech Startup Raises Rs 3 Crore

Karma Healthcare, a health tech startup received Rs 3 crore as stock funds from early stage investment firm 1Crowd, existing investors comprising of Ankur Capital, Ennovent Capital and Beyond capital, and informal investors in a bid to scale operations and improve their technology. "We are grateful to all our investors for reposing faith and commitment in our work. This new funding will help us scale our operations as well as enhance our technology offering to improve quality of care and provide great patient experience," said Jagdeep Gambhir, CEO of Karma Healthcare.   The company aims at offering high-quality, cheat, equal and consistent healthcare to the under served population with a different business model. By combining the human care of a nurse and the potential of...