FUNDING | Pixr8 News

17Mar By AnkitaNo Comments

FUNDING

Fintech firm Fintso raises $2.6 mn in funding

Fintech startup Fintso raises USD 2.6 million from a set of individual angel investors including top officials of Mankind, Einfochips and Deutsche Bank. Fintso, a 3-month-old fintech startup, founded by Wealth Management industry veterans, George Mitra and Rajan Pathak, has raised USD 2.6 million from a set of individual Angel investors. Investors include Rajeev Juneja (CEO of Mankind Pharma), Pratul Shroff (Founder of Infochips) and Dilip Khandelwal (MD and Head of Technology, Asia Pacific, Deutsche Bank)," the company said in a statement. Fintso said it will use the capital to develop platform to help independent financial advisors and mutual fund distributors to nurture client relationships, enable seamless operations, and help them enhance productivity.

Cricketer MS Dhoni Invests in Khatabook App

17Mar By NitishNo Comments

FUNDING

Cricketer MS Dhoni Invests in Khatabook App

Business accounting app Khatabook announced that cricketer Mahendra Singh Dhoni has invested in the company, and has become its brand ambassador. Khatabook is aiming to onboard another 2 crore merchants over the next 12 months. The firm plans to use proceeds from the latest equity investment to expand its product portfolio and double down on its technology and capabilities. "Having grown up in small-town India, I saw friends and family struggle with outdated modes of doing business and tracking finances. Khatabook has had an outsized impact on the lives of India's small merchants and retailers," Dhoni said. Ravish Naresh, co-founder and CEO Khatabook said, “We are thrilled to welcome Mahi to the Khatabook family. This partnership seemed like the most natural fit, and we look forwa...

16Mar By AnkitaNo Comments

FUNDING

Natural Cookware Brand Raises $350K from The Chennai Angels

Chennai, 16/03/2020: The Chennai Angels (TCA) announced an additional investment of $350k in Good Roots Kitchenware Private Limited, a differentiated and successful online healthy kitchen products store "The Indus Valley". The funds will be used to expand their presence in India’s growing home and kitchen product space. Mr. Chandu Nair led the investment round with business leaders in Chennai - CK Ranganathan, V Shankar, Sathish Kumar and Lakshmi Narayanan participating in the fund raise. “We are excited to see the growth in The Indus Valley. We believe that the company has great growth potential. This bridge round reaffirms our conviction of the product, the model and core team`` said Mr. Chandu Nair who led the investment from The Chennai Angels. “We see this sec...

Rakuten and Vodafone Invest in AST & Science’s Space Venture

7Mar By NitishNo Comments

FUNDING

Rakuten and Vodafone Invest in AST & Science’s Space Venture

TOKYO, LONDON, TEXAS – March 3, 2020 - Rakuten and Vodafone have become the lead investors in a venture to extend mobile coverage to more people and devices across the planet, using the first mobile broadband network that will be broadcast from space. Branded SpaceMobile, the low-Earth-orbit (LEO), low-latency satellite network from AST & Science will be the first in the world to connect directly to standard smartphones. The company holds an extensive patent and IP portfolio for its ground and space technologies. “SpaceMobile will be particularly transformative to the growing US$1 trillion annual global mobile market because it will eliminate the coverage gaps faced by today’s five billion mobile subscribers moving in and out of connectivity every day. It will also help the ...

6Mar By AdityaNo Comments

FUNDING

Gyana Raises funding from Twitter co-founder Biz Stone & Others

London-based data science startup Gyana has raised USD 3.9 million (about Rs 28.5 crore) in pre-series A round of funding led by Fuel Adventures, Twitter co-founder Biz Stone, Green Shores Capital and U+I. Gyana plans to use the latest round of funding to support growing its product user base, while aiding expansion across Europe and India soon, a statement said. The company''s AI tool is being used by industries ranging from property to retail and consulting. Its clients include Vodafone, Barclays, EY, Pret a Manger, Knight Frank and the UK Ministry of Defence. "We see no-code in a similar light to the use of translation services for languages. Not everyone on the planet is suited to being a developer, and even though newer generations are becoming more computer literate, we thin...

Stanza Living Raises Funds from Equity International

3Mar By NitishNo Comments

FUNDING

Stanza Living Raises Funds from Equity International

Stanza Living, which is into student housing has raised funds from US-based private equity firm Equity International. The funding amount has not been disclosed. An affiliate of Equity International (EI), Sam Zell's investment firm focused on building businesses globally, has invested in Stanza Living, a company statement said. The investment is part of Stanza Living's Series C equity financing round, which saw participation from company's existing institutional investors -- Falcon Edge Capital, Sequoia India, Matrix and Accel Partners, it added. The funds would be utilised to scale the portfolio, expand geographic footprint, and solidify brand positioning. This marks Equity International's second investment in India since 2011. Stanza Living has raised USD 70 million (ab...

2Mar By PriyankaNo Comments

FUNDING

Footwear brand Neemans Raises $1 Million in Funding

Hyderabad-based Neeman’s, an eco-conscious footwear brand making comfortable shoes using Merino Wool has raised around 1 million USD in an early stage round led by Anicut Angel Fund which made its maiden investment, Tushar Singh and Rohit Anand were the leads of this round of investment on behalf of Anicut, with Tushar joining the company board. Through Anicut, Ashvin Chadha, Arjun Seth, Abhishek Goyal, Ambarish Raghuvanshi, and Sanjay Kapoor are among the investors who participated in this round. Founded in 2017 by Taran Chhabra and Amar Preet Singh, Neemans claims that its shoes are natural, lightweight, flexible, breathable, moisture-wicking, odour-resistant, cool in summer and warm in winter, and machine-washable. The funding will be used by the start-up for the expansion of the...

2Mar By PriyankaNo Comments

FUNDING

Car Renting Platform Spinny Raises USD 43.7 mn Funding

Online used car retailing platform Spinny raiseS USD 43.7 million funding led by Fundamentum Partnership (FP), a growth-capital fund backed by Nandan Nilekani and Sanjeev Aggarwal. The series-B round also saw participation from new investors, US-based General Catalyst Partners, Korea-based KB Financial Group and existing investors Accel, SAIF Partners and Alteria Capital as co-investors, a statement said. Ashish Kumar, Partner, FP will join the Spinny board, it added. The funds will be used to invest in technology, strengthen business teams, enhance customer experience and, expand to newer cities, it added. Spinny had raised its seed round from Blume Ventures and Simile Ventures, and most recently it had closed its Series A round of USD 13.2 million co-led by SAIF Partners and ...

2Mar By Press Trust of IndiaNo Comments

FUNDING

SMEcorner raises USD 30 mln in Series B funding

Fintech firm SMEcorner has raised USD 30 million (around Rs 210 crore) through a combination of equity and debt in series B funding. The funding round was led by Paragon Partners, which invested USD 10.5 million, and the balance came from existing investors including Quona Capital, Accion Venture Lab, Bharat Shah and few other high networth individuals, according to a company release. "The additional capital will enable us to reach over 20,000 new customers and grow our distribution in the coming year," SMEcorner's founder and CEO, Samir Bhatia, said. Bhatia has also made an undisclosed investment in the current round of funding. The funds raised would go towards rapid business scale-up, lending partnerships and market expansion in the coming financial year. The SME-focussed...

Spaciya Advisors Raises USD 0.5 million Pre Series Funds

2Mar By PriyankaNo Comments

FUNDING

Spaciya Advisors Raises USD 0.5 million Pre Series Funds

New Delhi, March 2, 2020: Realty firm Spaciya Advisors has raised Pre-Series funding from Indian angel investor Alok Grag, an investor to many real estate startups in India. Spaciya will utilize the raised capital to expand to newer regions, build its brand through collaborative marketing and make technological advancements. Spaciya, which was started in the year 2016, works entirely on data analytics, research and market intelligence. The market intelligence has helped the company to introduce the office lease SPY REPORT which is custom-tailored for any start-up or corporate to know the inside information before they decide to take a new office. Spaciya’s transactional services arm enables the companies to execute the transactions. Mr. Alok Garg, serial entrepreneur and investor...

Elementor Raises $15 Million from Lightspeed Venture Partners

27Feb By AdityaNo Comments

FUNDING

Elementor Raises $15 Million from Lightspeed Venture Partners

TEL AVIV, Israel, Feb. 27, 2020-- Elementor, the leading WordPress website builder platform, announced that they raised $15 million from Lightspeed Venture Partners in their first round of institutional funding. This comes as Elementor's intuitive web building platform continues to rapidly extend its market share, with a significant portion of all WordPress sites built last year using its platform. Elementor was founded in 2016 by Yoni Luksenberg and Ariel Klikstein to enable professional web creators to easily and painlessly build stunning websites according to their specific needs. Elementor's open-source, drag-and-drop platform quickly struck a chord with design, development and marketing professionals frustrated with the existing convoluted options and within just two years the firs...

27Feb By PriyankaNo Comments

FUNDING

Hasura raises USD 9.9 mn funding from Vertex Ventures US & Others

Tech firm Hasura has raised USD 9.9 million (about Rs 70 crore) in funding, led by Vertex Ventures US. The series A round also saw participation from SAP.iO Fund, the early-stage venture arm of SAP, existing investors Nexus Venture Partners and Strive VC, a statement said. Several angels like James Tamplin (founder of Firebase), Sam Lambert (VP of Infrastructure Engineering at GitHub), Amod Malvia (co-founder of Udaan, ex CTO Flipkart), and Michael Stoppelman (ex-SVP of Engineering at Yelp) also participated, it added. Hasura is a San Francisco based privately held software technology company that builds developer tooling products, including open source tools, backend as a service (BaaS) and platform as a service (PaaS) products. The company provides data access and data flow ...