Aditya | Pixr8 News

31May By AdityaNo Comments

FUNDING

CredRight Raises Rs 9 Crore Pre-Series A Funding

Hyderabad-based fintech startup CredRight raises 9 Crore from Accion Venture Lab, YourNest, an early stage venture capital fund along with other individual investors. Lending platform CredRight provides a loan to unserved and underserved micro, small, and medium enterprises (MSMEs). The company partners with chit funds, which are similar to Rotating Savings and Credit Association (ROSCAs) in the United States but use a reverse auction to distribute pooled funds across India to acquire customers and use previously untapped chit data, along with other data points, to underwrite a loan for a customer. "CredRight plans to further invest in technology, grow its team, and continue its expansion plans to reach even more unserved and underserved customers," said Neeraj Bansal, co-founder an...

13Apr By AdityaNo Comments

FUNDING

Digital Marketing Company Raises $20 Million Series B Funding

US based Digital marketing firm Punchh has raised USD 20 million funding in a Series B round led by Sapphire Ventures. Cervin Ventures also participated in this round bringing the total funding close to USD 31 million till date. Company's R&D and development center are based out of Jaipur, India. With the fresh funding round, the team will expand its Punchhs solutions to new industries like health and beauty, convenience stores, and gas stations as well as to roll out predictive marketing capabilities using artificial intelligence and machine learning, it added. Headquartered in Mountain View, CA, Punchh is the world leader in innovative digital marketing products for brick and mortar retailers, combining AI and machine learning technologies, mobile-first expertise, and Omni-C...

27Mar By AdityaNo Comments

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. ...

19Mar By AdityaNo Comments

FUNDING

CustomerSuccessBox raises $1 Million Pre-Series A funding

Bengaluru, March 19, 2018 – B2B Saas Platform CustomerSuccessBox has raised $1mn in pre-Series A funding led by pi Ventures with participation from Axilor Ventures. The funding will use for growth hacking and product improvement as per the information mentioned in the press release. CustomerSuccessBox is a customer success platform which helps B2B SaaS companies to grow their recurring revenue. It applies Artificial Intelligence (AI) and Machine Learning (ML) to automate customer onboarding, product usage analysis, and user communication. Thus enabling success managers to deliver a superior customer onboarding experience, retain customers, drive, upsell and improve Monthly Recurring Revenue (MRR) and Lifetime Value (LTV) for SaaS businesses. Founded in 2016 by Puneet Kataria (CEO) an...

Singer Rihanna Slammed Messaging app Snapchat

16Mar By AdityaNo Comments

USA

Singer Rihanna Slammed Messaging app Snapchat

American leading Singer Rihanna slammed Snapchat, a messaging app over an advertisement that promotes domestic violence and showed her assault by her former boyfriend Chris Brown in 2009 in an advertisement to promote the company. The Snapchat advertisement, made for the promotion of the mobile game Would You Rather? asked users which of the artists they would prefer to hit. The 30-year-old singer took to Instagram and posted a lengthy comment, saying she was "trying to figure out what the point was with this mess". Rihanna responding to Snapchat's ad. I can't believe they did this. pic.twitter.com/TpHQIXTm4j — Gennette Cordova (@GNCordova) March 15, 2018 The full text is - "Now Snapchat, I know you already know you ain't my favourite app out there! But I'm just trying t...

Bandhan Bank IPO Subscribed Over 42% on Day 1

16Mar By AdityaNo Comments

Market

Bandhan Bank IPO Subscribed Over 42% on Day 1

New Delhi: Bandhan Bank Ltd, an Indian banking, and financial services company headquartered in Kolkata received 42% initial public offering (IPO) subscription on the first day of bidding. On Wednesday, Kolkata-based Bandhan Bank raised Rs 1,342 crore from anchor investors and is looking to raise a total amount of Rs 4,473 crore from the public issue of its shares. The portion of shares reserved for institutional investors in the Bandhan Bank IPO was subscribed 1.26 times, while those for retail investors and high net-worth individuals (HNIs) saw a subscription of 12% and 1%, respectively. The Bandhan Bank IPO received bids for 35,005,200 shares against the total issue size of 83,496,347 shares, NSE data showed. The Bandhan Bank IPO is of up to 119,280,494 shares comprising fre...

Survaider Raises $500K in Pre-Series A From Axilor Ventures and Others

28Feb By AdityaNo Comments

FUNDING

Survaider Raises $500K in Pre-Series A From Axilor Ventures and Others

Chennai, February 28, 2018: Survaider, a SaaS based Customer Experience Management platform has raised $500k funding. The round was co-led by The Chennai Angels and Axilor Ventures with participation from other angels. The team had earlier raised a small round from Axilor Ventures in 2016. With this round of funding, Survaider, a leader in the segment, aims to focus on product enhancement, expanding to other verticals, in India as well as internationally. Founded in 2016, Survaider is a plug and play SaaS solution which helps brands to measure, understand and improve customer experience. By aggregating customer opinions from across channels like direct feedback, social media, review websites, CRM and helpdesk, it helps businesses in accurately measuring loyalty and satisfaction sc...

Sexual Abused Accused Producer Weinstein Company Will File for Bankruptcy

27Feb By AdityaNo Comments

USA

Sexual Abused Accused Producer Weinstein Company Will File for Bankruptcy

Weinstein Co, the studio co-founded by Harvey Weinstein, will file for bankruptcy protection following the USD 500 million deal to sell the company collapsed, the company's board of directors said. The decision came after the board was unable to revive a deal to sell the struggling studio to an investor group led by Maria Contreras-Sweet, who ran the Small Business Administration under President Barack Obama from 2014 to 2017, reported Variety. The board of the company released a letter, in which it made clear that it was in dire need of operating cash. "Based on the events of the past week, however, we must conclude that your plan to buy this company was illusory and would only leave this Company hobbling toward its demise to the detriment of all constituents. Despite your previo...

Kris Gopalakrishnan Funded Underwater Robot Startup!

26Feb By AdityaNo Comments

FUNDING

Kris Gopalakrishnan Funded Underwater Robot Startup!

Planys Technologies, a start-up incubated at IIT Madras Incubation Cell, and India’s first Original Equipment Manufacturer (OEM) of compact underwater robots (Remotely Operated Vehicles or ROVs) capable of performing underwater inspection, closed a INR 14 Crores round of Series A Funding. This round of funding was led by Oil and Natural Gas Corporation Limited (ONGC) Start-up Fund and Ranjan Pai’s MEMG Family Office. Kris Gopalakrishnan’s (Co-Founder, Infosys; Chairman, Axilor Ventures) Pratithi Trust, Keiretsu Forum (Chennai and Singapore) and other individuals also participated in the round. This funding round will help Planys expand its robotic fleet, fund product development and scale up its operations. Earlier, Planys also received a grant of Rs. 1.5 crores from BPCL Startup Fund ...

PNB and Gitanjali Gems Shares Tumbled 7 to 10%

20Feb By AdityaNo Comments

Market

PNB and Gitanjali Gems Shares Tumbled 7 to 10%

Shares of Gitanjali Gems & Punjab National Bank (PNB) tumbled over 10% to 7% yesterday, following the Rs 11,400-crore fraud by Nirav Modi. PNB shares were down to 7.16 per cent to its 52-week low of Rs 116.65 on BSE. At NSE, shares of the company dived 6.77 per cent to hit a one-year low of Rs 117.05. In four trading sessions, the stock has lost nearly 28 per cent and suffered an erosion of Rs 10,781.12 crore from its market capitalisation. While the stock of Gitanjali tumbled 9.99 per cent to Rs 33.80, its lower circuit limit on BSE. At NSE, shares of the company plunged 9.87 per cent to hit its lowest trading permissible limit of Rs 33.75. On February 14, Punjab National Bank (PNB) disclosed that it detected some fraudulent transactions with financial implication of about Rs 1...

Twitter Booked Profit For The First Time Since It Went Public

9Feb By AdityaNo Comments

BUSINESS

Twitter Booked Profit For The First Time Since It Went Public

Twitter Inc for on Thursday, posted its first quarter results, which are rather surprising, as for the first time in its history as a public company it generated a hefty profit, thanks to its expansion outside the USA. As soon as the results were announced, the social networking platform experienced a massive boost of 12 percent in its shares, breaking the two-years record. In the fourth quarter of 2017, Twitter made a net profit of $91.1 million against the loss of $167.1 million for the same period, one year ago. Twitter has been running in consistent losses ever since it became a public company in 2013, is now expected to turn profitable all around the year 2018. Even though the number of people using the social media is going down, it is really promising that Twitter has found su...

7Feb By AdityaNo Comments

FUNDING

After Aamir Khan, Furniture Renting Platform Furlenco Raises Funding from HNI Investors

Online furniture rental startup Furlenco has raised a funding of $1.5 million in a debt funding round from a clutch of HNI Investors. The Rs 10 crore funding round saw participation from Rekha Hrishikesh Mafatlal, wife of Mr Hrishikesh Mafatlal, VC and CEO of Arvind Mafatlal Group of Companies, Lakshmi Narayanan, ex-VC of Cognizant and M Krishna Sindhuri Private Trust. The funding that the furniture rental startup raised is via non-convertible debentures. Furlenco is based in Bengaluru and was founded back in 2011 by Mr Ajith Khurana, and has been successful in raising over $30 million in total from investors like- Axis Capital, Lightbox Ventures, Kris Gopalakrishnan's Pratithi Trust, Trifecta Capital, to name a few. The funding comes after Bollywood superstar Aamir Khan infuse...