FUNDING | Pixr8 News

12Jan By NitishNo Comments

FUNDING

Hike raises undisclosed funding from founders Of Quora, WordPress & other Silicon Valley veterans

NEW DELHI: Indian messenger app, Hike, has raised undisclosed funding from a number of tech veterans, including Quora founder, Dropbox's Vice President Engineering Aditya Agarwal, WordPress co-founder Matt Mullenweg and Ruchi Sanghvi, VP Dropbox. "It's great to have the world's top brains in tech share Hike's vision; and not just entrust us with their investment, but more importantly, also advise us on our product and strategy. Each of the them brings with him/her a core area of expertise, which we at Hike find immensely useful as we aggressively grow in India," Kavin Bharti Mittal, Founder and CEO, Hike Messenger, said in a statement. "India is close to our hearts and we understand the challenges faced by the billion plus people of India. It's quite clear that messaging is playing a key...

China’s Ctrip invested $180 million in MakeMyTrip

8Jan By AdityaNo Comments

FUNDING

China’s Ctrip invested $180 million in MakeMyTrip

India's leading online travel company, MakeMyTrip Limited (NASDAQ: MMYT), announced an agreement under which Ctrip.com (NASDAQ: CTRP), a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China, has agreed to make an investment in MakeMyTrip. Upon completion of the transaction, Ctrip will invest US$180 million in MakeMyTrip through convertible bonds. In addition, MakeMyTrip has granted permission to the chinese company to acquire MakeMyTrip shares in the open market, so that combined with shares convertible under the convertible bonds. Ctrip may beneficially own up to 26.6% of MakeMyTrip's outstanding shares. Also it will acquire the rights to appoint a director to the MakeMyTrip board of director...

6Jan By AdityaNo Comments

FUNDING

Tracxn a Data Analytics Based Startup Secures Funding From Ratan Tata

Tracxn a data analytics based startup has secured funding from Ratan Tata. The amount has not been disclosed. Started in May 2013, by Goyal and Neha Singh, Tracxn has increased its customer base and team. As per the recent report, Tacxn connected 9295 startups to the investors. Tracxn provides information on start-ups to over 6,000 clients across India, the US, the Middle East, South-East Asia and Europe, and claims to sign up at least one new client every day. “We belong to a generation whose formative years were spent observing Mr Tata’s way of building companies. So, when we saw he was investing in start-ups, we reached out to him,” said Goyal. “There are about 1 lakh funded companies. But there is a universe of about 1 million companies who are unfunded. We organize...

GM invest $500 Million in Lyft To Create a Network Of On-Demand Self-Driving Cars

4Jan By RishabhNo Comments

FUNDING

GM invest $500 Million in Lyft To Create a Network Of On-Demand Self-Driving Cars

American Multinational corporation, Automaker General Motors or popularly known as GM has decided to invest a sum of $500 million in Lyft Inc. a ride-sharing service provider alliancing with it to create a network of On-demand Self-Driving cars. Lyft is one of the biggest ride-hailing companies which is fastest growing rideshare company in US and is available in more than 190 cities which, along with GM has announced the joint venture on Monday that involved an investment of $500 by GM. The invested $500M in the company is the part of a round of a $1 billion round of fund-raising. (more…)

Ratan Tata invests in pet care portal DogSpot.in

4Jan By Press Trust of IndiaNo Comments

FUNDING

Ratan Tata invests in pet care portal DogSpot.in

New Delhi, Jan 4 (PTI) Top industrialist Ratan Tata has invested in pet care portal DogSpot.in, continuing the slew of investments he has made in various startups globally. However, the value of the investment was not disclosed. "Ratan Tata has invested an undisclosed amount in DogSpot.in. Ronnie Screwala also invested in this round along with a few new and existing investors," DogSpot.in co-founder and CEO Rana Atheya said. The other investors in this round include Ashok Mittal, Rishi Parti, Dheeraj Jain and Abhijeet Pai. "The investment by Mr Tata is an endorsement of the long-held belief by us and our investors that the Indian pet care sector is going through a phase of huge growth and transformation. DogSpot.in is poised to become an agent of this transformation," he said. Prev...

Indian Startups get $8.4 bn funding in 2015; Nearly 1k deals inked

26Dec By Press Trust of IndiaNo Comments

FUNDING, News

Indian Startups get $8.4 bn funding in 2015; Nearly 1k deals inked

Making it a year of startups, Indian and foreign investors have pumped in a whopping USD 8.4 billion in new Indian startup ventures, including e-commerce platforms in 2015 through close to 1,000 deals, even as questions have begun to be asked about their hefty valuations. Those opening the purse for Indian start-up s included industry titans like Ratan Tata and N R Narayana Murthy as also marquee global investors like Alibaba and Softbank. According to data compiled by domestic technology and startup blog, as many as 936 deals worth over USD 8.4 billion have been inked this year -- up from 304 deals worth USD 5 billion that took place in 2014. The industry is looking at a promising 2016, though experts and even the investors anticipate correction on the valuation side. The sectors...

22Dec By NitishNo Comments

FUNDING

First seed funding from HT Media, NBM – Invests in Planet GoGo

Planet GoGo Pvt. Ltd, which operates news aggregation website Planet Gogo, has raised an undisclosed amount in a seed round from HT Media Ltd through its subsidiary HT Digital Media Holdings Ltd and US-based investment firm North Base Media (NBM). The fund will be used in growing its user base, Damandeep Singh Soni, co-founder of Planet GoGo, said on Friday. The three-month-old company aggregates news and entertainment content from over 60 partner publishing sites including HT Media and displays them on the lock screen of mobile phones. “With the ever-increasing number of smartphone users, GoGo focuses to revolutionize content consumption for mobile users without having them to spend for it. A large part of the population today rely on apps for everyday content needs and GoGo provides...

22Dec By NitishNo Comments

FUNDING

PepperTap Acquires Jiffstore, Also Raises Series B funding

Peppertap, Gurgaon based hyperlocal service startup has taken over Bangalore based hyperlocal grocery delivery startup, Jiffstore for an undisclosed amount. Jiffstore’s team will join PepperTap’s Gurgaon and Bengaluru offices. Peppertap aims to use synergies with Jiffstore to build an excellent customer experience. PepperTap also closed its Series B round of funding; with an additional $4 millon from Innoven Capital, in addition to the $36 million raised recently from SnapDeal, Sequoia India, SAIF Partners, Ru-Net, Beenext & JAFCO Asia. Total fund raise in PepperTap now stands at around $51.2 million. PepperTap earns more than 90% of its revenue from the commissions it earns from shops. The rest comes from the delivery cost. It charges consumers for orders below a minimum deliver...

28Nov By AnkitaNo Comments

FUNDING

Bangalore Based Home Services Start-up Bro4u Raised Angel Funding; Plans to Expand Into Other Cities

Bro4u.com, Bangalore-based home service market place, have raised undisclosed funds from Sargod Ventures led by Alok Sargod. Bro4u is an 8-month-old hyper-local home services app which promises seven minutes turnaround for users, which is the quickest compared to any competitors available in this expertise. Read Also: How Akshay turned ‘Bhaiya chutta nahi hai’ into bro4u.com Pramod Hegde, CEO & Co-Founder of Bro4u, said that their latest funding would be used to strengthen their position in home ground Bangalore. He also confirmed that they are in talks with Venture Capitalists to move into next level by expanding the services to Hyderabad and Pune market. Pramod believes that there is no clear leader in this segment yet, and anyone who has a right will come out as a market leade...

26Nov By AdityaNo Comments

FUNDING

GOQii raises $13.4 million in Series A round of funding led by New Enterprise Associates and Cheetah Mobile

Fitness tracker startup GOQii has raised Series A funding worth $13.2 million (Rs 88 crore) led by New Enterprise Associates and Cheetah Mobile, with participation from Great Wall Club, DSG Consumer Partners, Ilkka Paananen (CEO and co-founder of Supercell) and Pravin Gandhi (co-founder of Seedfund) reports Mint. GOQii will use the funds to expand to China and other unnamed markets, and is working on Chinese content before launching it there. The report adds that Cheetah Mobile’s investment may help in GOQii’s China expansion as well as on Xiaomi’s Mi user interface, given Cheetah Mobile’s chairman Jun Lei is the founder of Xiaomi. (more…)

24Oct By AnkitaNo Comments

FUNDING

Ratan Tata And American Express Join Series A Funding Round Of Digital Currency Start-Up Abra

MOUNTAIN VIEW, CALIFORNIA – Abra, the company changing how people use cash and their smartphones to send and receive money around the world, announced that the Abra app will be available to all registered users in the US and Philippines in the coming weeks, with more countries to follow soon. The company also announced their entry into online, digital cash-based merchant payments. In addition, Abra announced that Ratan Tata, the Chairman Emeritus of Tata Sons, and American Express have made strategic investments in Abra as part of the recently-announced Series A round. These are the first investments in the crypto currency world for both American Express and Ratan Tata. “As people and businesses transact more globally, there’s a need for more convenient and affordable w...

12Oct By AnkitaNo Comments

FUNDING

Dell acquire EMC Corp for $67 billion

A record deal in technology industry Computer-maker Dell Inc buy data storage company EMC Corp for $67 billion. Dell tries to transform itself into a giant in the fast-growing market for managing and storing corporate data. The deal will help Dell, the world's No. 3 computer maker, diversify from a stagnant consumer PC market to faster-growing market for cloud-based data services. (more…)