FUNDING | Pixr8 News

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...

13Apr By AnkitaNo Comments

FUNDING

MyGlamm Raises 40 Cr ($6mn) From LOccitane Intl, Tano Cap, Brand Cap

On demand beauty services startup MyGlamm has raised USD 6 million (about Rs 40 crore) from global beauty giant- LOccitane International, US-based PE fund Tano Capital and Brand Capital. "MyGlamm will be growing across India and also has global expansion plans with a rollout planned in eight more cities in the country along with a launch in the Middle East," MyGlamm Founder Darpan Sanghvi said in a statement today. The strategic support of LOccitane in MyGlamms growth will also be a big differentiator over the competition, he added. Launched in 2015, MyGlamm offers beauty service at home, which includes basic grooming like waxing and threading to more elaborate requirements like bridal makeovers, mehendi, and spas. It is doing 600 services a day, the company said. At pr...

Prime Venture Partners Invests $750,000 in KredX

13Apr By PriyankaNo Comments

FUNDING

Prime Venture Partners Invests $750,000 in KredX

Prime Venture Partners today said it has invested USD 750,000 (about Rs 4.95 crore) in KredX, an invoice-discounting platform that connects credit-worthy MSMEs looking to raise working capital against their unpaid invoices to individual financiers. Launched last year by IIT and Stanford alumni Manish Kumar, Anurag Jain and Puneet Agarwal, KredX (previously known as Mandii), enables the growth of micro, small and medium enterprises (MSMEs) by unlocking cash tied up in customer invoices that would otherwise be paid in 30 to 90 days. "There are 36 million SMEs in India. Many of these often struggle to keep their cash flow intact and can hardly withstand the burden of late payments. They are in dire need for working capital. With our technology platform, we are helping them get access to w...

12Apr By AnkitaNo Comments

FUNDING

Video Platform 90 Seconds Raises $7.5 mn Funding From Sequoia

Cloud video production platform 90 Seconds today announced it has raised USD 7.5 million in Series A financing led by Sequoia India. The round was supported by SKY TV NZ, Airtree Ventures, Beenext and Fotolia.com (sold to Adobe for USD 860 million) and the founder of the platform Oleg Tscheltzoff, will accelerate 90 Seconds global expansion as the market leader in cloud video production, Sequoia said in a statement here. 90 Seconds reduces the complexity of video production, giving brands and agencies access to a marketplace of creatives, and an automated, end-to-end suite of workflow tools. "We are excited to work with new and existing investors who understand the opportunity 90 Seconds has to completely change the global video production landscape," Founder and CEO of 90 Seconds...

MagicX Raised $1million (Rs 6.6 crore) From Infosys Co-founder Kris Gopalakrishn

12Apr By No Comments

FUNDING

MagicX Raised $1million (Rs 6.6 crore) From Infosys Co-founder Kris Gopalakrishn

MagicX, an on-demand chat-enabled app to manage day-to-day tasks, today said it has raised USD 1 million (about Rs 6.6 crore) from marquee investors including Infosys co-founder Kris Gopalakrishnan, Manipal Education and Medical Group MD Ranjan Pai. The fund raised will be used for team expansion, marketing initiatives, addition of service categories and technology up gradation, MagicX said in a release. "The backing weve received from some of the smartest investors and entrepreneurs in the business will help us build on our cutting-edge technology platform. We will also use some of the funds to market our app to the right audiences," MagicX Co-founder and CEO Pratyush Prasanna said. The company is also in talks with four venture capital firms to raise a USD 5 million Series A round....

11Apr By NitishNo Comments

FUNDING

Ritesh Aggarwal Led Oyo Rooms Raised $100 million Funding

At a time when startups and companies facing economy jolt, Oyo rooms led by Ritesh Aggarwal has raised $100 million in its fifth round of funding. The investors, including Japan’s Softbank, and an international sovereign fund, a person with knowledge of the deal said. Other investors are Sequoia Capital, Lightspeed Venture Partners, Greenoaks Capital, DSG Consumer Partners and Venture Nursery also participated. In the three years since it was founded, Oyo has emerged as the largest aggregator of hotel rooms in India. It has 65,000 rooms in 5,500 hotels across 177 cities. The company has already raised a total of $125.65 million in four rounds earlier. It recently acquired rival Zo Rooms, which made almost similar revenue, and was funded by Tiger Global. The business of hotel aggre...

PC Jeweller Looking to Raise Up to Rs 427 Cr

7Apr By AdityaNo Comments

FUNDING

PC Jeweller Looking to Raise Up to Rs 427 Cr

PC Jeweller Ltd will raise up to Rs 427 crore from DVI Fund Mauritius through debentures for expansion of its business. "The board of Directors of the company at its meeting held on April 6 has approved the issue of compulsorily convertible debentures for an aggregate amount of up to Rs 427 crore by way of a preferential allotment on private placement basis to DVI Fund Mauritius Ltd subject to necessary approvals in this regard," PC Jeweller said in a regulatory filing today. The company currently has three factories and 60 retail stores across the country. Garg said the company is adding 15-20 stores every fiscal and is exploring to set up new manufacturing facilities. "The US-based DVI Mauritius is our existing investor and has around 4 per cent stake in the company." Garg sa...

DTDC Express Invested $1 million in Logistics Firm Shipsy

6Apr By AdityaNo Comments

FUNDING

DTDC Express Invested $1 million in Logistics Firm Shipsy

Logistics major DTDC Express has picked up 20 per cent stake in Gurgaon-based Llama Logisol, which operates logistics solutions provider Shipsy, for over USD 1 million (Rs 6.65 crore). Shipsy was founded in June last year by IIT graduates, Soham Chokshi, Dhruv Agrawal, Maharshi Devraj and Himanshu Gupta. Abhishek Chakraborty, Executive Director of DTDC Express, said the investment in Shipsy would go a long way in helping it adopt disruptive technologies. "DTDCs investment in Shipsy would go a long way in helping itself adopt disruptive technologies in its future growth segments of eCommerce and e-fulfilment," Chakraborty added. In September last year, Shipsy had received angel funding from Dheeraj Jain, the managing partner of Redcliffe Capital. After Jain came on board, Ship...

4Apr By AnkitaNo Comments

FUNDING

Housing.com Received New Funding From Ex-99Acres.com Head

Vineet Singh, an active angel investor and former Business Head of 99 Acres.com Invested an undisclosed amount in SoftBank funded online real estate portal Housing.com. Mr. Singh will join the Housing board as a senior advisor. "Vineet brings with him enriching experience, deep understanding of the ecosystem, and a decade of high-achieving sales leadership in the online real estate space. On board as a personal investor, Vineet will also serve as a senior advisor to the company working closely with the management team. We believe that his association will further fuel the ambitious growth plans of Housing.com," said Jason Kothari, chief executive officer, Housing.com. Currently, Singh is co-founder, CEO and MD of Buildczar.com, a marketplace for building materials and finishing produ...