Saturday, April 13

FUNDING

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

Bangalore Based Home Services Start-up Bro4u Raised Angel Funding; Plans to Expand Into Other Cities
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...
GOQii raises $13.4 million in Series A round of funding led by New Enterprise Associates and Cheetah Mobile
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…)
Ratan Tata And American Express Join Series A Funding Round Of Digital Currency Start-Up Abra
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...
Dell acquire EMC Corp for $67 billion
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…)
CureJoy raises $1.15M from pre-series A funding led by Accel Partners and others
FUNDING

CureJoy raises $1.15M from pre-series A funding led by Accel Partners and others

The San Francisco and Bangalore-based CureJoy, an online community that allows its users to seek genuine and reliable information on Alternative and Natural healthcare from the experts has recently raised $1.15M series A led by Accel Partners, India along with Venk Krishnan, the founder of Nuware Technologies, and Larry Braitman, the founder of Flycast and Adify. (more…)
FUNDING

Pickmylaundry raised $100,000 from GHV

New Delhi-based PML Solutions Pvt Ltd, which runs PickMyLaundry, a mobile platform that facilitates booking and delivery of laundry services, has raised $100,000 from Green House Ventures (GHV). (more…)
Seventh funding from Youwecan ventures in Carl’s Jr a US based fast food chain
FUNDING

Seventh funding from Youwecan ventures in Carl’s Jr a US based fast food chain

Cybiz BrightStar Restaurants, the master franchisee of US-based fast food chain Carl's Jr in India has attracted funding, reportedly worth Rs. 4 Cr ($0.63 Mn) from Yuvraj Singh’s VC Fund YouWeCan Ventures. Yuvraj will also come on board as a brand ambassador for Carl's Jr in India. The funds will be used for opening about 5 restaurants by December and between 7 to 10 restaurants by the end of the fiscal year. Cybiz BrightStar has raised $3-4 Mn till date at a valuation of about $30 Mn. The company is planning to raise close to $30 Mn over the next two years. "The vertical of QSR, especially burgers, caught my attention in the last few months as space has got a thumbs-up from Indian consumers. This is my first foray into this space and I am delighted to partner with an internation...
Ezetap secures Rs 150 Crore from Helion and Others
FUNDING

Ezetap secures Rs 150 Crore from Helion and Others

Ezetap, which had previously raised $ 8 million from Helion Venture Partners, The social +Cpaital Partnership and Berggruen Holdings and has led itself to procure INR 150 Cr in its latest round of funding from its existing investors along with new investors, Horizon Ventures and  Capricorn Investment Group. (more…)
NDTV Raises Funding For Gadget & Auto Portals From Former Apple CEO John Scully & Co.
FUNDING

NDTV Raises Funding For Gadget & Auto Portals From Former Apple CEO John Scully & Co.

Media group NDTV Ltd that has been building up its digital commerce ventures said on Wednesday that it has attracted VC funding for its new e-commerce ventures in gadgets and car & bike at a combined valuation of close to $80 million (Rs 510 crore). It did not share further details on the funding amount but said Inflexionpoint (co-founded by former Apple CEO John Scully), Pramod Bhasin (former CEO of Genpact), consumer-focused VC firm Sixth Sense Ventures, Vindi Banga (former chairman, Unilever India), Hiro Mashita (founder and director of M&S Partners) and other HNIs participated in the first round of funding for the ventures. It said Gadgets 360° will provide a curated marketplace for exclusive launches of mobile phones and other electronic gadgets. NDTV claimed Gadgets 360...
FUNDING

Droom, a Gurgaon based mobile marketplace for automobiles raised funding

Founded in 2014 by serial entrepreneur Sandeep Aggarwal, Droom, a mobile marketplace to buy and sell new & used automobiles, has raised Rs 100 crore from Lightbox Ventures and Japanese internet firm Beenos. Droom will use the fresh funds raised to expand its operations within the country and overseas. The company plans to expand into Southeast Asia by early 2016. Droom has a team of 50+ in its offices in Gurgaon (India) and Silicon Valley (USA). Droom, currently operates in 13 automobile categories including auto services with 1,000 sellers and 6,000 listings, plans to add 20 automobile and 12 service categories, hosting over 50,000 sellers and 200,000 listings in the next 18-24 months. The startup has recorded 3,000 transaction so far. Sandeep Aggarwal is also the brain behi...