FUNDING | Pixr8 News

19Feb By AnkitaNo Comments

FUNDING

Jana The Second Largest Mobile Advertising Platform in India Raised $57million Funding

Many of you did not hear about this company but Jana (meaning “people” in Sanskrit) the only Facebook competitor in emerging markets regarding free Internet service raises $57million in Series C funding, led by new investor like Verizon Ventures, with participation from our existing investors, Spark Capital and Publicis Groupe. Jana mission is simple, yet ambitious: they want to make the Internet free for the next billion people. Jana known as mCent app launched in July 2014, more than 30 million users in 15 of the fastest-growing emerging markets have benefited from free, unrestricted Internet. Jana is the second largest mobile advertising platform in India next to Google and have partnered with 311 mobile operators around the world to expand their reach into new markets. Jana of...

Nandan Nilekani, Mohandas Pai Invests in Tracxn

18Feb By AnkitaNo Comments

FUNDING

Nandan Nilekani, Mohandas Pai Invests in Tracxn

BENGALURU: Founded in 2013 by Neha Singh (ex-Sequoia Capital) and Abhishek Goyal (ex-Accel Partners), Tracxn a startup research platform has raised a new round of angel funding from Nandan Nilekani, Mohandas Pai, Neeraj Arora and Junglee Cofounder Anand Rajaraman. Tracxn had earlier raised funding from Ratan Tata, Flipkart's Sachin and Binny Bansal and Delhivery cofounder Sahil Barua besides a $3.5 million series-A round from venture capital firm SAIF Partners. Tracxn have database over 100 sectors including enterprise infrastructure, enterprise applications, tech, consumer, mobile, digital marketing, health, and education across major countries like the US, India, China and Southeast Asia The company grew its customer base by over 400% in the last year with client base including...

17Feb By AnkitaNo Comments

FUNDING

Online Videos Creator The Viral Fever Raises $10 million Funding

Tiger Global another investment in India and, this time, they invested $10 million (Rs.65.6 crore) in India's popular online video content creator The Viral Fever (TVF) also known as Qtiyapa. As per the report, Tiger Global has picked up close to 25% stake in the firm valuing it at around Rs.270 crore. The Viral Fever aka Qtiyapa was set up by IIT graduate Arunabh Kumar in 2010. He was later joined by Amit Golani and Biswapati Sarkar. For Tiger Global, this is the second investment in the online video content space. In 2015, Tiger, along with venture capital fund Zodius Capital, invested $18 million in Culture Machine, which runs the Being Indian and several other YouTube channels. READ: Podcast with Arunabh kumar (The Q-tiyapa Guy) The American investor has stakes i...

Unitus Seed Fund Invests in BetterPlace, India’s Leading Safety and Trust Platform

16Feb By AdityaNo Comments

FUNDING

Unitus Seed Fund Invests in BetterPlace, India’s Leading Safety and Trust Platform

16th February, 2016. Bangalore, India: Unitus Seed Fund, India’s most active seed fund supporting startups innovating for the masses, today announced an investment in BetterPlace Safety Solutions, a Bangalore-based digital background verification solution provider aiming to create “A Better Place For A Billion+ Indian Citizens By SAFE Powering Them”. Founded in 2015 by Uday Singh, currently the Group CEO of SIS Group and Pravin Agarwala, former Global head of Cloud ERP Development at SAP, BetterPlace has created India’s first web service that addresses the ‘trust deficit’ in any form of alliance or interaction between individuals and entities. From verifying the credentials of a potential tenant, to hiring a maid, to fulfilling the workforce hiring requirements of large organizations, B...

16Feb By Press Trust of IndiaNo Comments

FUNDING

SnapBizz Raises Funding From Ratan Tata

Bengaluru-based retail technology startup SnapBizz Sunday said it has raised an undisclosed round of funding from veteran industrialist Ratan Tata. SnapBizz: Amazing Story of $1 Billion Opportunity Spotted By An Employee and Backed By His Company This is Tata's eighth investment in startups in 2016 so far. Tata, former Tata Group chairman, has invested over 20 startups so far. In January 2016, SnapBizz had announced a Series A funding of $7.2 million (roughly Rs. 48 crores) led by Jungle Ventures, Taurus Value creation, Konly Venture and Blume Ventures. With the mission of transforming the unorganised fragmented retail sector in the country, SnapBizz currently works with over a thousand kirana stores across Mumbai, Pune, Delhi, Hyderabad, Chennai and...

Aasaanjobs Raises $5 Million From Aspada Advisors, IDG Ventures

15Feb By Press Trust of IndiaNo Comments

FUNDING

Aasaanjobs Raises $5 Million From Aspada Advisors, IDG Ventures

Online recruitment marketplace Aasaanjobs Monday said it has raised $5 million (roughly Rs. 34 crores) in series A round of funding led by Aspada Advisors with participation from existing investors. The fresh inflow of capital will help the company realise its mission of taking its HR services on the cloud, a company release said adding this technological edge will pave way for Aasaanjobs' expansion into newer geographies. Founded in November 2014, Aasaanjobs is based out of Mumbai. Aasaanjobs' tech solutions speed up the process of recruitment by connecting perfectly-matched candidates to recruiters. This makes the entire process quick, effective and convenient for both job seekers and recruiters. This was a follow-up from the seed round where the platform raised a funding of $1....

VR Firm Wevr Raises $25 Million From Samsung, HTC, and Others

6Feb By reutersNo Comments

FUNDING

VR Firm Wevr Raises $25 Million From Samsung, HTC, and Others

Virtual reality company Wevr raised $25 million (roughly Rs. 170 crores) from investors including HTC Corp and Samsung Ventures to fund the launch of a new platform for VR creators to distribute content, executives said on Friday. The platform, called Wevr Transport, is available now to a limited number of users in a test phase. It is designed to run on various virtual reality headsets through an app and on a website. Virtual reality video offers a 360-degree view that immerses people in fantasy settings. The technology has been touted for decades but never reached mass adoption. This year, Facebook Inc's Oculus unit, Sony Corp and others plan to introduce modern VR headsets. Wevr and other companies are making VR videos to lure audiences to the medium. Wevr Transport features ...

5Feb By NitishNo Comments

FUNDING

Bangalore Based Bhive Workspace Raised Angel Funding

Bengaluru-based Coworking Space BHIVE WORKSPACE has raised an undisclosed angel round of funding from investors including Raghunandan of TaxiForSure, Arihant Patni of Hive Technologies, Rajesh Rai (Venture Capitalist & Co-Founder, Venturesity), Arun Narayan from UK India Business Council, Sanjay Mirchandani (Owner, Mirchandani Group) and others. BHIVE started out as a provider of accessible and quality plug ‘n’ play workspace in Bangalore, a year ago. Co-working spaces are essential to developing a growing and vibrant entrepreneurial ecosystem in India. Finding the right workspace, maintenance of office space, bill payments and operations, housekeeping and security, procuring food and beverages etc. are a few such distractions. Setting up the perfect backdrop to fix this issue or ...

China & India vs USA: Alibaba Came in Rescue For Flipkart, Ready to Invest

4Feb By AnkitaNo Comments

FUNDING

China & India vs USA: Alibaba Came in Rescue For Flipkart, Ready to Invest

New Delhi: A surprise move by China’s Alibaba Group to came into the support of India's Biggest Ecom company Flipkart. As per the news report Alibaba is looking to invest in Flipkart. It has already backed Paytm and Snapdeal. Alibaba this move is to help Indian E-commerce company and eliminate US-backed Ecom companies like Amazon. There are not too many takers for India’s top e-commerce firms at their current valuations, prompting both Flipkart and Snapdeal (run by Jasper Infotech Pvt. Ltd) to approach Alibaba Group for cash, the three people said to Mint. While both have enough cash to fund their current burn rates for 12-15 months, they need to raise money this year in order to refill their fast-emptying vaults, the people added. Flipkart and Snapdeal, in particular, are facing scrut...

3Feb By No Comments

FUNDING

Magic Leap Announces $793.5 Million Fresh Funding Led By Alibaba Group

Dania Beach, Florida - Magic Leap, Inc. ("Magic Leap") announced $793.5 million in new funding today, led by Alibaba Group. Continued investment comes from Google Inc., Qualcomm Incorporated, through its venture investment group, Qualcomm Ventures, and others. New investment also comes from Warner Bros. and tier-one financial institutions, including Fidelity Management and Research Company, J.P. Morgan Investment Management, Morgan Stanley Investment Management, funds and accounts advised by T. Rowe Price Associates, Inc., and Wellington Management Company. “Here at Magic Leap we are creating a new world where digital and physical realities seamlessly blend together to enable amazing new experiences. This investment will accelerate bringing our new Mixed Reality Lightfield™ experience to ...

2Feb By AnkitaNo Comments

FUNDING

Sequoia raised Largest VC Fund Approx $920 Million to Invest in Indian Startups

Sequoia Capital, Silicon Valley's top-tier VC fund closed fresh $920 million fund. Funds will largely invests in Indian startups. The fresh funds takes Sequoia's total investment assets to more than $3 billion in India. This is the biggest raise by any VC fund for India-specific investments, cementing Sequoia's leadership position in the domestic early-to-growth stage investing space. TOI had reported on September 8 last year about Sequoia Capital, a backer of companies like Just Dial, Freecharge, Zomato, Oyo Rooms, among others, being on the road to raise its fifth India fund. At the time, Sequoia was looking to shore up $800 million. Sequoia, which had backed tech giants like Google and Apple in their very early stages, will see the new fund invest in Indian and south-east Asian...

1Feb By AnkitaNo Comments

FUNDING

Indian Student From Yale Received Funding From Mark Cuban

Shaan Patel the MBA student from Yale University’s School of Management received $250,000 investment from famous Entrepreneur Mark Cuban for 20% of his SAT prep company. The funding pitch happened on America's favourite startup show "The Shark Tank". It took a lot of fast talk on TV to get that money and he had to give up twice as much of his company as he originally wanted. But he left with an endorsement and cash from Shark Tank’s highest profile entrepreneur. 2400 Expert Sat Prep, Patel’s startup, has racked up $1.2 million in revenues in the past four years. Patel claims that his in-person and online courses, which respectively retail for $999 and $599, boast an average SAT improvement of 370 points. The Story of Investment at Shark Tank- But most of the investors at Sha...