FUNDING | Pixr8 News

2Jun By AnkitaNo Comments

FUNDING

Beacon raises $15 million funding from Jeff Bezos & others

LONDON, June 1, 2020 -- Uk based logistics company Beacon has raised over $15 million in its Series A fundraising round, with investors including Jeff Bezos, the founder and CEO of Amazon, and leading US venture capital firm 8VC. Beacon was founded in 2018 by CEO Fraser Robinson and COO Dmitri Izmailov, both former Uber executives. They were joined by CTO Pierre Martin, previously at Amazon, bringing together a management team with deep expertise in logistics, technology, finance and hyper-growth. The freight forwarding and supply chain finance industries are worth an estimated $1 trillion and $12 trillion a year, respectively. Beacon offers a full range of services, including global ocean, air and truck freight, together with supply chain finance, all of which can be accessed...

1Jun By AdityaNo Comments

FUNDING

Singapore based eScooter startup Beam secures $26 million funding

Singapore, 1 June 2020 – Beam, Singapore based leading eScooter startup raises US$26 million in Series A round of funding. The funding round was led by Sequoia India and Hana Ventures and included investors across APAC. Beam is forging a new path for micromobility in contrast to the established dockless model that allows scooters to be parked anywhere on city streets. For Beam, the future is docked. Having a “virtual docked” model ensures riders park in predetermined parking spots by offering incentives through the Beam mobile app. "We're grateful to our incredibly supportive investors who believe in our unique 'virtual dock' approach to micromobility and continue to support us through a very uncertain macroeconomic environment. I'm really excited about our new technology and...

Abu Dhabi state fund in talks to invest $1 bn in Jio Platforms: Report

29May By reutersNo Comments

FUNDING

Abu Dhabi state fund in talks to invest $1 bn in Jio Platforms: Report

Abu Dhabi state fund Mubadala Investment Company is in talks to invest about $1 billion in Reliance Industries' digital unit Jio platforms, three sources said on Thursday. Jio Platforms, which houses music and movie apps as well a Reliance's telecoms venture Jio Infocomm, has secured a massive $10 billion from investors including Facebook Inc within a month. Reliance did not immediately respond to a request for comment. "Clearly Jio's platform is attracting a wide range of world-class investors, given its enormous potential to serve one of the world's largest marketplaces," Mubadala said in an email to Reuters. Indian telecom company Reliance Jio recently done five Investment deals in four weeks that will inject a combined $10.5 billion in the oil-to-telecom conglomerate to hel...

Ola Money raises $27 million from Matrix Partners, others

27May By PriyankaNo Comments

FUNDING

Ola Money raises $27 million from Matrix Partners, others

New Delhi, May 27, 2020: Ola Financial Services (OFS), which operates Ola Money, has raised $27 million (about Rs 205 crore) in funding from Matrix Partners and others as part of its maiden institutional financing round, as per regulatory documents. Gemini Investments LP, Arun Sarin's family office, and Alpha Wave Holdings also participated in the round, according to the documents. While Ola did not comment on the fund raise, sources close to the development said the transaction valued the company at about USD 250 million (about Rs 1,875 crore). The development comes even as OFS head Nitin Gupta has decided to move on from his active role at Ola. In an email to employees, Ola CEO Bhavish Aggarwal said, Harish Abhichandani will take over the role as the interim CEO of OFS. "N...

New York based On-demand storage company MakeSpace Raises $55M in Series E

23May By PriyankaNo Comments

FUNDING

New York based On-demand storage company MakeSpace Raises $55M in Series E

NEW YORK, 23rd May 2020-- MakeSpace, the fastest-growing on-demand storage company in New York raises $55M in equity financing and debt funding from the global leader in storage and information management services, Iron Mountain, with participation from 8VC, Upfront Ventures, Maywic Select Investments, Ten Eighty, Provenio Capital, and CX Collective. This new funding follows a year of tremendous growth for MakeSpace, which included expansion to 20 additional markets in 2019 through its partnership with Iron Mountain, and its development of new product offerings such as disposal and shredding, and Seasonal Closet, which launched earlier this year. “It has been amazing to see what MakeSpace has accomplished in the past year alone, growing from 4 to 24 markets almost overnight, and add...

23May By AnkitaNo Comments

FUNDING

Wireless tech startup Ray Raises funding from Quick Heal

May 22nd, 2020: Antivirus maker Quick Heal announced a strategic investment of $263k (INR 2 Crores) in Ray Pte. Ltd., a Singapore based start-up specializing in next-generation networking and wireless technology. The investment reinforces a shared vision of ensuring a safe, secure and seamless digital experience for everyone. The development displays Quick Heal’s ongoing efforts to invest in disruptive technologies that will shape the future of cybersecurity while supporting innovative startups. The company had recently invested USD 300,000 in Israel based L7 Defense. Incorporated in the year 2019, Ray is an innovation driven technology company with a vision to reimagine networking and wireless technology. Ray’s flagship product RayOS is an open, secure, cloud native, extensible Ope...

Hand Scanner Maker PathSpot Raises $6.5 Million

22May By AdityaNo Comments

FUNDING

Hand Scanner Maker PathSpot Raises $6.5 Million

NEW YORK, May 21, 2020-- PathSpot, a creator of a real-time hand hygiene management system that protects against the threat and spread of illness with a hand scanner announced the closing of $6.5 million in a Series A round led by Valor Siren Ventures (VSV). It bringing the company's total funding to $10.5 million. Formed with an anchor investment from Starbucks and in collaboration with Valor Equity Partners. Richard Tait, a partner at VSV, will join PathSpot's board of directors. Existing investors FIKA Ventures and Walden Venture Capital also participated with a follow on investment. "PathSpot works alongside the food industry to promote handwashing and enhance a positive culture around sanitation, using data to help plan and protect against future risk," said Christine Sch...

20May By PriyankaNo Comments

FUNDING

Indian Ledger App Khatabook raises $60 million in funding by Facebook Cofounder

India's leading ledger app Khatabook raises $60 million in equity round funding led by Facebook co-founder Eduardo Saverin's B Capital Group & others. Started in 2018, Khatabook is an android app that helps Small Shopkeepers and Kirana owners manage Credit & Debit transactions using their digital ledger service. The total funding has raised by the firm is $87 million. The Series B round values Khatabook at between $275 million and $300 million. The funding round has also seen participation from existing investors, including Sequoia Capital, Partners of DST Global, Tencent, GGV Capital, and RTP Global, along with a number of prominent angel investors like Kevin Weil, Alexander Will, Cred founder Kunal Shah, and Snapdeal co-founders Kunal Bahl, Rohit Bansal. Kahatabo...

19May By PriyankaNo Comments

FUNDING

Lendingkart raises $40 Million in equity funding

Lendingkart Technologies raises $40 million (about Rs 320 crore) in an equity funding round led by existing investors including Fullerton Financial Holdings Pte Ltd (FFH), Bertelsmann India Investments, Sistema Asia Fund and IndiaQuotient. The series D round comprised two tranches INR 233 crore as part of D1, and INR 86.24 crores in D2 fund-raise, according to a company statement. Lendingkart has raised over Rs 1,050 crore of equity capital from investors till date. This funding will be deployed to expand the company's lending base and further reach out to small and underserved micro and small enterprises, and to further strengthen the company's technological and analytics capabilities, the company said. "The fresh round of equity funding reaffirms the support of our investors ...

18May By PriyankaNo Comments

FUNDING

Reliance Jio funding: Facebook, Silver Lake & others Invests $8.8 billion

India's leading telecom company Reliance Jio announced another funding round from US-based equity firm General Atlantic. General Atlantic invests $873 Million in Reliance Jio for 1.34% stake, the company said in a statement. This is the fourth deal of Investment in Reliance Jio in less than four weeks that will inject a combined $8.8 billion in the oil-to-telecom conglomerate to help it clear its debt. The Investment puts Reliance Jio's total value around $68 billion. According to the Pixr8 News data, the company has raised a total of $13.5 billion in funding over 9 rounds. The recent deal of General Atlantic follows Facebook picking up a 9.99 percent stake in the firm for $5.7 billion. Within days of that deal, Silver Lake, the world's largest tech investor bought a 1.15...

18May By AnkitaNo Comments

FUNDING

Agritech startup Eggoz raises $350k funding

Agritech startup Eggoz raises $350k (around Rs 2.5 crore) funding from investors to fund its expansion plans. Founded in December 2017, the startup is a full-stack egg producer of nutrition-rich eggs. It operates a network of poultry farms in Indian states like Bihar and Madhya Pradesh. Eggoz has raised $350k as part of its seed funding. It had earlier secured $200k from a clutch of angel investors. The seed funding round saw participation of investors like Tracxn Labs, Angellist, Tri-Deep Capital, founders of Letstransport, and angel investors along with existing investors Narendra Sankar, Sunil Mishra, and Vishal Sharma, the company said. Eggoz has so far sold over 20 million eggs and has more than 100k birds under management. It has developed a new farming model for small-sc...

14May By AnkitaNo Comments

FUNDING

Invygo raises 1 million USD in funding

Dubai, UAE: Invygo has raised $1 million USD in funding, as it looks to accelerate its expansion plans across the Middle East. The Dubai based startup and app-based car subscription service plans to use the funds to grow the business further by invest in technology and expanding into new customer segments. This investment is part of the “Pre-Series A” funding round led by EQ2 ventures, Class 5 Global, and 500 Startups, who are confident that Invygo has cornered the market by providing customers with greater flexibility in terms of finance options, choice in vehicles and excellent customer service model. The news follows the latest funding injection from Q4 2019, and since then Invygo has grown substantially by tripling the customer number base, increasing its dealership partners f...