FUNDING | Pixr8 News

16May By PriyankaNo Comments

FUNDING

Smartivity, an Augmented Reality Based Education Technology Startup Has Raised Rs 6.6 crore Funding

An augmented reality-based education technology startup Smartivity, has raised about Rs 6.6 crore in a pre-Series-A round of funding led by publishing firm S Chand and early-stage investment firm AdvantEdge Partners. The round also saw participation from Singapore-based fund CFG Offshore Holdings, Silicon Valley-based fund Tandem Capital and a clutch of angel investors. The company said the funds will also be used to expand its reach and aim for the global market. “With this round of funding, we want to expand our current portfolio in STEM and augmented reality products to provide interactive learning to kids and also develop IoT (internet of things)-enabled toys and robot-led learning for kids,” said Ashwini Kumar, cofounder of Smartivity. “Smartivity has shown tremendous gro...

16May By AdityaNo Comments

FUNDING

Alibaba’s Online Ticketing Platform Raises $260 million Funding

The listed movies unit of Alibaba Group Holding Ltd, China's biggest e-commerce company, has raised the valuation of its O2O distribution and promotions subsidiary which operates an online ticketing platform after a new round of fundraising, it said in a Hong Kong stock exchange filing released on Sunday. Alibaba Pictures Group Ltd said that its O2O platform was now worth 13.7 billion yuan ($2.1 billion) based on the new financing raised from a group of investors led by CDH Investments, Ant Financial Services Group and Sina.com. The statement said the O2O platform raised 1.7 billion yuan ($260 million) from the investors, who will hold approximately 12.4 percent of its equity. Alibaba Pictures was formed through the acquisition of ChinaVision Media Group in 2014. The online ticket...

14May By PriyankaNo Comments

FUNDING

Saas Startup Zarget Raised $1.5 million Seed Funding

Founded in 2015 by three ex-Zoho employees Arvind Parthiban, Naveen Venkat, and Santhosh Kumar, Zarget has raised $1.5 million in seed funding from global venture capital firms Accel Partners and Matrix Partners, and angel investors such as Girish Mathrubootham, CEO of Freshdesk. The company launched its Zarget platform, a conversion rate optimization tool built as a Chrome plugin and intended for use by marketers, product managers and web designers. The new platform is a much needed solution for firms that previously used multiple software products to complete A/B testing, funnel analysis, and heatmaps. Zarget provides all of these tools in one platform with the added simplicity of a Chrome plugin, so users no longer need to waste time and valuable resources loading websites into an...

13May By reutersNo Comments

FUNDING

Apple Invests $1 Billion in Chinese Ride-Hailing Service Didi Chuxing

Apple Inc said on Thursday it has invested $1 billion in Chinese ride-hailing service Didi Chuxing, a move that Apple Chief Executive Tim Cook said would help the company better understand the critical Chinese market. The tech giant's rare investment gives it a stake in two burgeoning waves of technology - the sharing economy and car technology - as the iPhone business that propelled it to record profitability shows signs of maturing. Apple is trying to reinvigorate sales in China, where it has come under greater pressure from regulators, and Cook is traveling to the country this month. The move aligns Apple with Uber Technologies Inc's chief rival in China, as automakers and technology companies forge new alliances and make cross investments. General Motors, for example, recently...

13May By PriyankaNo Comments

FUNDING

Online Hotels Aggregator Startup Stayzilla Raises $13 Million Funding

As per the mint report, Stayzilla has raised $13 million Series C funding from existing investors Matrix Partners and Nexus Ventures, according to documents filed with the Registrar of Companies. In report the funding round of online aggregator of budget hotels split into three tranches of $8.8 million (Rs.58.5 crore), $1.9 million (Rs.13 crore) and $2.4 million (Rs.16.3 crore), between November 2015 and March 2016. About Stayzilla - Stayzilla was founded by Yogendra Vasupal, Sachit Singhi and Rupal Yogendra. The company which started off by offering travelers stay options in budget hotels, last year forayed into home stays, connecting travellers with homeowners with spare accommodation in their houses. Earlier, Stayzilla raised close to $20 million from Nexus Venture Partners...

13May By NitishNo Comments

FUNDING

Hindi Social Networking Portal ShabdaNagari Raised Funding From ah! ventures

Hindi social networking portal ShabdaNagari has raised undisclosed amount of bridge funding from ah! ventures. The company had said that it plans to use the funds raised to expand its genres and improve its user interface, marketing and promotional activities. Artha Energy Project's Anirudh Damani & others also participated in this round. "ShabdaNagari team's thorough understanding of the Hindi speaking market and their innovative solutions to the various requirements make them stand apart. The positive results we have witnessed in the last one year makes us confident that ShabdaNagari is soon to be the biggest player in this niche category." said Harshad Lahoti, founder and CEO of ah! Ventures. ShabdaNagari had earlier raised Rs 1.2 crore from Kanpur Angels and a clutch of other...

12May By AnkitaNo Comments

FUNDING

Online Lending Platform Capital Float Raised USD 25 million (Rs 170 crore) Funding

Online lending platform Capital Float has raised USD 25 million (Rs 170 crore), led by Creation Investments Capital Management. The Series B financing also saw "significant participation" from existing investors like SAIF Partners, Sequoia India and Aspada, Capital Float said in a statement. This is the third round of funding, bringing the total equity capital raised by the company to USD 42 million. This round of growth capital will help Capital Float expand its lending footprint to over 20,000 small and medium enterprises in over 100 cities, and introduce new financial products online, it said. Founded in 2013, Capital Float has created a proprietary technology platform to evaluate the financial health of SMEs and efficiently deliver working capital to a segment that is under...

12May By PriyankaNo Comments

FUNDING

T-Hub incubated Life Circle Has Raised $150,000 Funding

Hyderabad based Life Circle Health Services has raised an amount of $150,000 as funding from European senior healthcare service provider GROUPE SOS. Life Circle is a home nursing service start-up being incubated at T-Hub, an incubation centre initiated by the Telangana government. Anant Kumar, Founder and CEO of Life Circle, said that they have offered over 150,000 hours of home nursing services till date. Life Circle provides verified caregivers to create a seamless continuum of care. They offer work related training and psychological counselling to the caretakers to give flexible care and engagement to the seniors. With these funds, the company plans to expand its services in the Hyderabad market. Very soon the company would launch its services in New Delhi - NCR markets. I...

Ex-IAS Officer Led Startup Unacademy Raised $500,000

12May By AdityaNo Comments

FUNDING

Ex-IAS Officer Led Startup Unacademy Raised $500,000

Led by Ex-IAS officer, Unacademy a education technology platform has raised $500,000 led by Blume Ventures. Google's Rajan Anandan, CommonFloor founder Sumit Jain and redBus founder Phanindra Sama, among others has also participated. "Unacademy's vision is to distribute knowledge of the educators and innovators in the form of mini courses having lessons of not more than 10 minutes each," said Gaurav Munjal, CEO, Unacademy, who started the company along with 24-year old Roman Saini. "Delivery of education in India needs radical shifts," and Karthik Reddy,Managing Partner, Blume Ventures. "Unacademy is a manifestation of the team's vision to make all forms of educative material so intuitive and accessible that learning becomes extremely interesting and scalable," he added. ALSO ...

11May By NitishNo Comments

FUNDING

Zenify Raises Rs 6 Crore in Pre-Series A Round to Facilitate Growth

Zenify, a home aggregator and rental management start-up based in Bengaluru has raised Pre-Series A funding of INR 6 crores from High Networth Individuals (HNI), who have a minor stake in Zenify. Zenify will use the raised funds to further expand their range of services in India and strengthen its team to complement their capabilities. The company had earlier raised Rs 4 crore in angel funding from Srikanth and Bharath from K12 Techno Service Pvt. Ltd & Atul Jalan, Founder & CEO of Mathan Software Service Pvt Ltd. Zenify, today has a total funding of Rs. 10 crores. Sudarshan Purohit, Kailash Rathi and Ankur Agarwal, alumni of IIT- M, co-founded Zenify, which lists over 1700 properties available for rent across Bengaluru. The platform provides owners and tenants a hassle free ...

11May By AnkitaNo Comments

FUNDING

Faircent Raises Series A Funding From JM Financials, Picks Up 10 pc Stake

Financial services firm JM Financial today said it has acquired close to 10 per cent stake in peer-to-peer (P2P) lending startup Faircent. Though the amount has been undisclosed but it's estimated to be close to Rs 16.5 crore (between USD 2.5 million to 3 million). In a filing to the BSE, the company said its subsidiary JM Financial Products has executed the agreement to acquire securities representing up to 9.84 percent on a fully diluted basis of the total paid-up capital of faircent. Faircent is engaged in the business of operating a web portal and mobile application under the name of Faircent.com which provides a virtual peer-to-peer lending marketplace. Without disclosing the deal size, Faircent founder and CEO Rajat Gandhi said "funds raised from the transaction would be used ...

10May By AnkitaNo Comments

FUNDING

Healthifyme a Mobile Based Fitness Startup Raises $6 million Funding

HealthifyMe, a mobile health and fitness startup today announced Series A funding of USD 6 million (about 40 crores) led by IDG Ventures India, Inventus Capital and Blume Ventures. The funding comes just a year after announcement of seed round led by angel investors and Micromax, the company said in a release. Stating that HealthifyMes funding comes on the back of strong growth, it said adding that with in a years time, the company has scaled up users to 5,00,000 from 30,000 users in January 2015. The funds will be used to further develop its digital coaching platform and to accelerate growth in India, the company said. "With these funds we plan to impact 5 million users and tie-up with over 500 corporate and healthcare partners. Our aim is to be the best in the world and we wi...