Thursday, March 28

FUNDING

Startup Funding News: Get the latest news on startup funding, small business funding, investor management and many more about funding on Pixr8.

Mashable Received $15 Million Funding From Time Warner
FUNDING

Mashable Received $15 Million Funding From Time Warner

The News website Mashable (digital media) received $15 million funding round from Time Warner Inc.’s Turner division (traditional TV network). Mashable will use the latest funding round to expand its video offerings, including on traditional TV, and enhance its advertising capabilities, according to the statement. The funding will also use to co-develop and distribute video content of Turner’s TBS, TNT channels and Mashable. Both companies will work together on new technology and advertising opportunities, according to a statement Thursday. In addition, Kevin Reilly, chief creative officer for Turner Entertainment and president of TBS and TNT, will join Mashable’s board. Turner and other media companies are looking to digital publishers to reach younger audiences that may not subs...
BigBasket Raises $150 Million in Funding Led By Abraaj Group
FUNDING

BigBasket Raises $150 Million in Funding Led By Abraaj Group

Grocery delivery service BigBasket has raised $150 million in fresh funding in a round led by UAE's Abraaj Group as the company looks to expand its services into smaller cities, the investor said. Existing investors Bessemer Venture Partners and Helion Advisors along with International Finance Corp and Sands Capital participated in the round, Abraaj said in a statement. Online grocery sales is a fast-growing segment in India's e-commerce industry as more consumers log in to the Internet for their purchases. Rival Grofers, an app-based service that connects local stores to customers, raised $120 million from Japan's Softbank last year to expand operations. Amazon.com Inc, which is aggressively investing in India, also launched a grocery delivery pilot in Bengaluru late last y...
Alibaba’s Ant Financial Could Be Valued At Nearly $60 billion: Source
FUNDING

Alibaba’s Ant Financial Could Be Valued At Nearly $60 billion: Source

Chinese e-commerce giant Alibaba Group Holding Ltd's (BABA.N) arm, Ant Financial Services Group, is seeking a valuation of nearly $60 billion in its current round of funding, a person familiar with the matter said. Ant Financial, which operates the "Alipay" online payment platform, is in talks to raise funds from existing and new investors, which could include CCB International, the person said on Monday. The Wall Street Journal reported earlier on Monday that Ant Financial planned to raise up to 20 billion yuan ($3.07 billion), pegging its valuation at nearly $50 billion. Ant Financial declined comment on the Journal's story. The company was not available to comment on the $60 billion valuation outside regular business hours. The latest round of funding is expected to be co...
Home Healthcare Startup, Healers At Home Raises Funding From Daljit Singh (President, Fortis Healthcare) & Others
FUNDING

Home Healthcare Startup, Healers At Home Raises Funding From Daljit Singh (President, Fortis Healthcare) & Others

Delhi-based home health care service startup, Healers At Home, has raised an undisclosed amount of funding from Daljit Singh (President, Fortis Healthcare), Dr. Pramath Raj Sinha (Founder, ISB), BVR Mohan Reddy (Chairman at NASSCOM & Director on the Board of Hyderabad Angels) and a few more angel investors. Founded in June 2014, Healers At Home, provides customers an easy access to affordable yoga & physiotherapy home services. Besides, Delhi-based coworking space provider, 91springboard, also played an integral role in the growth story for the healthcare startup. Speaking on the development, Kshitij Garg, founder of Healers At Home said, “The plan is to become the market leader in the current set of services and introduce nursing in near future.” The startup will use the f...
Ninjacart Raised 20 Crores From Accel Partners To Fight For Farmers
FUNDING

Ninjacart Raised 20 Crores From Accel Partners To Fight For Farmers

BENGALURU: Ninjacart a Bengaluru-based online platform has raised Rs 20 crore in a funding round led by Accel Partners. The Funding round also saw participation from Qualcomm Ventures, Singapore-based M&S Partners and ZopSmart, the parent of online grocer ZopNow.that connects farmers and brands to retailers, has raised Rs 20 crore in a funding round led by Accel Partners. Ninjacart platform connects farmers and brands to retailers,  which helps supermarkets and kirana stores to source fresh fruits and vegetables from farmers and brands. Ninjacart will use funding to hire talent, invest in supply chain infrastructure and technology. Thirukumaran Nagarajan, chief executive officer at Ninjacart said "Due to marginal farming, poor logistics and zero market information, a number of m...
Snapchat Raises $175 Million Funding from Fidelity at Flat Valuation
FUNDING

Snapchat Raises $175 Million Funding from Fidelity at Flat Valuation

Snapchat Inc. which makes a free app called Snapchat for sharing quick disappearing images and videos has recently raised a funding of $175 M from Fidelity at a $16 billion valuation, according to the Wall Street Journal. The catch is that Snapchat’s last round of funding in May 2015 reportedly valued the company at $16 billion, a 60% bump from its previous round in December 2014. Fidelity bought shares at $30.72 in February after paying that price last March. In the fourth quarter, a separate valuation committee at the mutual fund brought down the shares to $25.75. (more…)
Social Discovery App Raises $5 Million Angel Funding From HNI
FUNDING

Social Discovery App Raises $5 Million Angel Funding From HNI

Shouut, a social discovery and sharing app, offered by Giant Tech Labs Pvt. Ltd. has raised $5 Million in angel funding from an undisclosed High Net-Worth Individual angel investor, based in India. Founded by Praveer Kochhar, Shouut is an app that enables its users to discover and share amazing places or experiences in their instant vicinity, the platform also enables amplification of business deals to users around their business location. The Shouut app after undergoing around 10 months of development phase, was finally launched in February 2016 at Google’s Play Store. (more…)
Plastic Recycling Startup raises $8 Million Funding from Artha Capital
FUNDING

Plastic Recycling Startup raises $8 Million Funding from Artha Capital

Hyderabad: Banyan Nation, a plastic based waste management and recycling company has recently raised a funding of $800,000 (Rs. 5.3 crores). Banyan is a startup that offers FREE On-Demand and Recurring recyclable waste pickup services to townships, apartments, small and medium businesses, large corporations and independent homes. (more…)
FUNDING

Life For One More Year “Jabong” Raises $20 million Fresh Funding

Jabong, India's one of the leading Fashion ecommerce company has raised additional funds by Global Fashion Group (GFG), so that it can stay afloat for one more year. "The board has agreed to put more than $20 million in Jabong," a person who participated in the meeting held in Luxembourg told ET.GFG was founded in 2011 by Swedish Investment AB Kinnevik and German Rocket Internet SE, and operates ecommerce ventures Dafiti in Latin America, Lamoda in Russia and the CIS, Namshi in the Middle East, Zalora in Southeast Asia and Australia while operating Jabong in India. However, Oliver Samwer, CEO of Rocket Internet and deputy chairman at GFG, was not in favour of continuing in India venture, it was Kinnevik that insisted on staying put, leading to which the board eventually agreed to b...
Facebook Co-Founder Eduardo Saverin invested in Mumbai Based Startup
FUNDING

Facebook Co-Founder Eduardo Saverin invested in Mumbai Based Startup

Eduardo Saverin, co-founder of Facebook has invested $13 million (around Rs. 90 crore) in Hopscotch, a Mumbai-based online retailer in a Series C round. Hopscotch is an E-commerce service, focusing on Kids Fashion Wear. Hopscotch is the same company that secured $11 Million funding last year in a Series B round led by Saverin's Velos Partners. It is the first Indian Company in which Saverin has invested so far. (more…)
Unitus Seed Fund Invests in DriveU, India’s First On-Demand Private Driver Service
FUNDING

Unitus Seed Fund Invests in DriveU, India’s First On-Demand Private Driver Service

29th February, 2016. Bangalore, India: Unitus Seed Fund, India’s most active seed fund supporting startups innovating for the masses, announced its investment in DriveU, a firm that aggregates on-demand drivers for private car owners in India. If Uber and Ola have changed the way people travel in urban India, there has been another creeping gap – that of utilization of privately owned vehicles in the country that has largely remained unaddressed. According to recent reports, there are more than 15 lakhs (1.5 million) private cars in Bengaluru, and 30% of the car owners are seeking drivers. And that’s just in Bangalore! DriveU, founded in 2015 by Ramprasad “Rahm” Shastry, Ashok Shastry and Amulmeet Singh, intends to revolutionize the self-driving habit in the country by addressing the...
Ratan Tata Invests in Home Rental Startup NestAway
FUNDING

Ratan Tata Invests in Home Rental Startup NestAway

Top industrialist Ratan Tata has invested an undisclosed amount in home rental company NestAway Technologies, a statement said. This is Tata's eighth personal investment in a startup in 2016 so far. He has invested in over 20 startups. NestAway turns unbranded, unfurnished houses into fully furnished and managed apartments and provides them at affordable prices to verified tenants, said the statement by IDG Ventures India, which is an investor in the company. So far, the startup has provided quality rental homes to about 5,000 tenants across six cities. Until recently, NestAway counted working professionals who are single among its target audience, but now it has also forayed into the family segment. NestAway was founded by Amarendra Sahu, Smruti Parida, Deepak Dhar and Jite...