FUNDING | Pixr8 News

3May By PriyankaNo Comments

FUNDING

Mobikwik Raised USD 50 Million (Rs 330 crore) in Funding

Mobile wallet company Mobikwik today said it has raised USD 50 million (about Rs 330 crore) in funding, led by Japanese payments firm Gateway and Taiwanese chip maker MediaTek. Its existing investors such as Sequoia Capital and Treeline Asia also participated in the current round of funding. The company said it will use the proceeds for product innovations, team building, and user growth. "Despite the current business climate when funding has become challenging, unit economics, sustainable growth and a sound business model are what investors are focusing their attention on. We are very excited to live up to the investors expectations and raise the funding where even larger players are failing to raise funds," Mobikwik founder and CEO Bipin Preet Singh said in a statement. MobiKwiks...

Amazon Bolsters Voice Based-Platform Alexa With Investment in TrackR

3May By AnkitaNo Comments

FUNDING

Amazon Bolsters Voice Based-Platform Alexa With Investment in TrackR

Amazon.com Inc is investing between $250,000 and $500,000 in Bluetooth technology company TrackR to extend the reach of its Alexa virtual assistant, according to a source familiar with the matter Alexa is the cloud-based system that controls the Amazon Echo, a speaker system launched by Amazon in 2014 that has emerged as a surprise hit. "Alexa" is the name the device responds to when users make requests, such as "turn on radio." Amazon and TrackR declined to comment on the size of the investment. Like Apple Inc's Siri and Google's Google Now, Alexa is designed to answer questions or take other actions in response to simple voice queries. Unlike its rivals, Amazon allows non-Amazon devices to integrate Alexa technology. The investment in TrackR came through Amazon's $100 million "...

Infosys Co-founder Nandan Nilekani Invests in RailYatri.in

2May By PriyankaNo Comments

FUNDING

Infosys Co-founder Nandan Nilekani Invests in RailYatri.in

Nandan Nilekani, Infosys co-founder and former chairman of UIDAI invested an undisclosed investment in RailYatri.in. Founded by Kapil Raizada, Sachin Saxena, and Manish Rathi, Railyatri is a web and mobile app-based startup that provides real-time and analytics-based travel-related information to passengers. The startup claims to serve 2 million users a month. Helion Ventures, Omidyar Networks and Blume Ventures has also invested an undisclosed sum along with Nilekani. “What excites me about RailYatri is the fact that this is a new-age product made by Indians for Indians,” said Nilekani in a statement. “The RailYatri app, which intelligently harnesses the power of smartphones, data and mobile payments, has a huge opportunity of impacting the lives of millions of travellers.” “...

1May By AnkitaNo Comments

FUNDING

Online Doctor Consultation Startup DocsApp Raises $1.2 mn Seed Funding

Online doctor consultation app DocsApp has raised a seed investment of $1.2 million from Japanese venture capital firm by Rebright Partners and angel Investors Anand Rajaraman and Venky Harinarayan, who were also the early investors in Facebook. Satish Kannan, CoFounder & CEO, DocsApp, said, “With mobile phones becoming the key medium of communication across the country, DocsApp takes advantage of this widespread network to provide high quality primary healthcare services to people across India through our mobile application. The patient doesn't need to travel to have a medical consultation. We want to bridge the gap between patients and doctors through this platform so that people can get expert consultation on demand. We believe that this will also help us take specialised care d...

Google Glass-based startup raises $17 million in funding

26Apr By reutersNo Comments

FUNDING, News

Google Glass-based startup raises $17 million in funding

Augmedix Inc, a startup that uses Alphabet Inc's (GOOGL.O) Google Glass to provide documentation services to doctors and other healthcare workers, said on Monday it had closed a $17 million (11.7 million pounds) funding round led by investment firm Redmile Group. Augmedix's employees transcribe doctors' notes and update patients' electronic medical record through Google Glass. The San Francisco company, which has raised $40 million so far, also said it had received investments from five U.S. healthcare networks, including Sutter Health and Dignity Health, which together have more than 100,000 healthcare workers. Augmedix, with 400 employees, said it serves doctors in nearly all 50 U.S. states. Funds raised will be used to build up the service to serve more health systems and pr...

Vintage Energy & Resources invested in Bengaluru-based Greenvision Technologies

22Apr By RishabhNo Comments

FUNDING

Vintage Energy & Resources invested in Bengaluru-based Greenvision Technologies

Singapore-based venture fund Vintage Energy & Resources has recently invested Rs 52 crore ($8 million) in Bengaluru's Greenvision Technologies, a company involved in the research, design and manufacture of lead-acid batteries. (more…)

20Apr By PriyankaNo Comments

FUNDING

Mobile Fashion App Fashalot Raises Funding From YourNest & Others

Location-based mobile fashion platform Fashalot has received Series-A strategic funding led by YourNest Angel Fund and marquee investor Rahul Garg for an undisclosed amount. The company said it will invest the fund in product development, top talent and accelerating its business growth. Operational in Delhi-NCR and Bengaluru, the brand aims to aggressively ramp up operations in new cities by the end of this year, it said in a statement. "We are on track to be the largest online-to-offline location-based fashion discovery network in India and the capital raised will contribute significantly for us to achieve this goal," Amit Koshal Founder and CEO of Fashalot said. The startup connects shoppers with offline stores through its horizontal network effect platform. It claims to have ...

20Apr By Press Trust of IndiaNo Comments

FUNDING

Rapido Raises Funding From Pawan Munjal, Rajan Anandan & Others

Bike taxi operator Rapido has received undisclosed amount of funding from a clutch of investors, including Hero MotoCorp Chairman Pawan Munjal, Google India head Rajan Anandan and early stage investment firms AdvantEdge Partners, Astarc Ventures and Tesellate Ventures among others. "Rapido is a commendable initiative and has the potential to generate significant employment, besides making convenient motorised transport accessible to the masses. With their strong background and passion, I believe that the founders of Rapido are well positioned to deliver on their promise," Munjal, who invested in his personal capacity, said Munjal, who invested in his personal capacity, said. Other investors include People group founder Anupam Mittal, Smile Group Partners; former Flipkart chief business o...

18Apr By AnkitaNo Comments

FUNDING

Smytten, a Discovery Platform For Premium Lifestyle Products, Raises Funding From Rajan Anandan

Smytten, an online discovery platform for premium lifestyle products and services, has raised an undisclosed amount as funding from Rajan Anandan, prolific angel investor, and Vice President and Managing Director of Google, SouthEast Asia and India. The Team will use this round of funding for enhancing user experience, product development and expanding both user and brand base. The company is going to pay special attention to artificial intelligence and algorithmically personalise offerings on their platform. ALSO READ: Ex-Unilever and Google Executives Launched Smytten, a Platform For Premium Brands to Reach Their Target Consumers Smytten provides its customers an engaging and curated discovery trial and shopping experience for premium products and services. Within just si...

18Apr By NitishNo Comments

FUNDING

CollegeDekho.com Has Raised USD 2 million in Pre-series A Funding

Technology start-up CollegeDekho.com today said it has raised USD 2 million in pre-series A funding from the London-based Man Capital. CollegeDekho.com deals in higher education and has a database of 22,000 colleges as it connects students to colleges. The funding will be used to build robust technology, ramp up the team, increase marketing activities and onboard more colleges, the company said in a statement. The investment comes four months after securing USD 1 million from GirnarSoft, the parent company of CarDekho.com. "We launched CollegeDekho.com with an aim to fundamentally change and improve the journey of college selection process for students," Ruchir Arora, founder and CEO, CollegeDekho.com, said. The company said its app has unique features like a step-by-step search to...

16Apr By NitishNo Comments

FUNDING

Karl Mehta Led EdCast Raised $16 million Funding in Series B

EdCast, the online and mobile platform for distributing educational content from a network of industry experts, has raised in its latest round of funding led by GE Asset Management. The funding will use to help educational institutions, educators, enterprises and governments worldwide to collaborate with each other. Other investors joining with GE Asset Management includes – SoftBank Capital, Cervin Ventures, Stanford StartX Fund and Penta Global. “We are laser focused on our mission to empower enterprises in the knowledge economy with curated, contextual SmartBites (bite size knowledge) used everyday to get smarter in their work. The Millennials in the workplace along with the complexity of engaging and educating customers and partners is creating the need and demand for our knowledge...

16Apr By AnkitaNo Comments

FUNDING

NestAway Raises $30-million Funding From Tiger Global

As per the report in TOI, Bengaluru-based home rental startup NestAway raises $30-million (or Rs 200-crore) funding from New York-based investment fund Tiger Global. This is the first investment from Tiger Global in 2016. Founded by Amarendra Sahu, Deepak Dhar, Jitendra Jagadev and Smruti Ranjan Parida, NestAway takes a percentage of the monthly rent it generates from the property owners in exchange for offering maintenance and upkeep. There is no brokerage that either the tenant or the owner has to pay in this model. Tiger Global, IDG Ventures, Flipkart and Ratan Tata among NestAway investors lists. NestAway working across Bengaluru, Delhi NCR, Pune and Hyderabad with plans to expand into Mumbai and Chennai. Tiger Global Investment in 2016- In 2016, Tige Global also con...