FUNDING | Pixr8 News

5Feb By AnkitaNo Comments

FUNDING

Israeli Start-up Kardome Raises Seed Funding from Hyundai

TEL AVIV, Israel, Feb. 4, 2020-- Israeli startup Kardome raises seed round, led by Korean car giant Hyundai Motor Company. Kardome was founded in January 2019 by serial entrepreneurs Dani Cherkassky and Alon Slapak, with the goal of meeting the growing demand for reliable voice control technology from automakers and electronics manufacturers. Kardome's technology gives the machine better "ears" through algorithms that manage to isolate the user's voice, even in a noisy environment with multiple speakers and background noises that are active at the same time. Kardome's technology combines dedicated software with the use of microphones that exist in various products. Kardome software enables the implementation of a new generation of voice user interface, operating reliably even in...

3Feb By NitishNo Comments

FUNDING

Neighbor.com Taps Andreessen Horowitz to Lead $10 Million Series A Funding

LEHI, Utah, 3rd feb, 2020-- Neighbor.com, the self-storage marketplace disruptor has closed a $10 million Series A funding round led by Silicon Valley venture capital firm Andreessen Horowitz. Jeff Jordan, managing partner at Andreessen Horowitz and former eBay, PayPal and OpenTable executive who currently sits on the boards of Airbnb, Instacart, Lime and Pinterest, will join the Neighbor Board of Directors. Other investors in this round include Nate Bosshard, former partner at Khosla Ventures and co-founder of Tonal, as well as Ryan Graves, Uber's first CEO. "The self-storage industry in the United States will eclipse $40 billion in revenue in 2020, capping off a decade of astronomical growth that we believe is firmly related to the burdensome costs of homeownership and the increas...

29Jan By Press Trust of IndiaNo Comments

FUNDING

Ed-tech Startup WizKlub Raises $1 Million in Seed Funding

Bengaluru, Jan 28, 2020: Ed-tech startup WizKlub raises $1 million (Rs 7 crore) in seed funding led by Incubate Fund India with participation from Insitor Impact Asia Fund. This round brings the total funds raised by the company to Rs nine crore so far, it said in a statement. The company, founded in February 2018 by serial entrepreneur Amit Bansal, plans to use the fresh capital for product and market expansion. "Supplemental education beyond curriculum is the greatest need in the Indian education system today and we are addressing this area with our research-based learning programmes", Bansal said.

23Jan By NitishNo Comments

FUNDING

Bike Rental Startup Bounce Raises $105 Million Funding

Bangalore-based bike rental startup Bounce has raised $105 million in Series D funding round led by Accel Partners and Facebook Co-founder Eduardo Saverin's B Capital Group. Existing investors Accel Partners India, Falcon Edge, Chiratae Ventures, Omidyar Network India, Maverick Ventures, Sequoia Capital India, and Qualcomm Ventures also participated in this round of funding. The new funding round will soar Bounce valuation upto $520 million and takes the total capital raised to $194 million. The current funding will to focus on deeper Electric Vehicle (EV) integration and a platform play, and will push towards profitability. Vivekananda H.R, CEO and Co-founder of Bounce, said, "Our growth to 1,20,000 rides a day, in a little over a year and largely in one city, underlines tha...

22Jan By NitishNo Comments

FUNDING

Samya.AI Raises $6M in Seed Funding led by Sequoia India

CHICAGO, Jan. 22, 2020-- Samya.AI, an enterprise Revenue Growth AI SaaS company has raised $6 million in seed round funding led by Sequoia India. Samya's other initial investors include Ashish Gupta (Founder of Junglee.com and Helion VC), Deb Henretta (Partner, G100 Companies and Ex-Group President, P&G), Arijit Sengupta (Founder of Kradle Ventures and Antuit Inc), Deborah Kops (Ex COO and Board Member of Antuit Inc and Ex CMO of WNS) and Sandeep Sugla (Founder of Marketsandmarkets Inc). Samya.AI has been founded by Shailendra Singh, Deepinder Dhingra and Pavan Palety, experienced leaders who have previously held leadership positions at organizations including IBM, Noodle.ai, Mu Sigma and MarketsandMarkets. Shelly Singh and Deepinder Dhingra have been instrumental in scaling Mu S...

Mark Cuban Invests in Ready, Set, Food! After Shark Tank Appearance

22Jan By AdityaNo Comments

FUNDING

Mark Cuban Invests in Ready, Set, Food! After Shark Tank Appearance

LOS ANGELES, Jan. 20, 2020-- Ready, Set, Food!, a leader in all-natural food allergy prevention products for babies raises $350,000 from Mark Cuban, after their appearance on ABC's Shark Tank. Cuban, who is known for his skepticism towards health companies that appear on Shark Tank, partnered with Ready, Set, Food! because of the indisputable science supporting the company's approach to make early allergen introduction easy for families everywhere. "Food allergies are a growing problem across the world. I'm excited to partner with Ready, Set, Food! to start to reverse this growing epidemic and make families lives better," said Cuban. Ready, Set, Food! was developed by an all-star team of physicians, and advised by leading experts in allergy research, including Dr. ...

Digit Insurance Gets Irdai Nod to Raise USD 84 Million

21Jan By NitishNo Comments

FUNDING

Digit Insurance Gets Irdai Nod to Raise USD 84 Million

General insurance start-up Digit Insurance has received approval from the Insurance Regulatory and Development Authority of India (Irdai) to raise USD 84 million (about Rs 600 crore) from equity investors A91 Partners, Faering Capital, and TVS Capital. The new round of investment will take Digit's total funding to USD 224 million (about Rs 1,600 crore), the company said. This is one of the largest funding rounds in the domestic general insurance space, the company, which offers a portfolio of products across motor, travel, property and health insurance, claimed. Within two years of operation, Digit now serves more than 5 million customers and has achieved close to USD 300 million of annualized premium and has 1.2 percent market share in general insurance industry. In addition t...

Hyundai and Kia Invest $110 Million in Electric Vehicle Startup

17Jan By NitishNo Comments

Automobile, FUNDING

Hyundai and Kia Invest $110 Million in Electric Vehicle Startup

SEOUL, South Korea, Jan. 16, 2020 -- Hyundai Motor Company and Kia Motors Corporation invest USD $110 million in a new partnership with Arrival, a UK-based electric vehicle startup. Through the partnership, Hyundai and Kia plan to introduce competitively priced small and medium-sized electric vans and other products for logistics, on-demand ride-hailing and shuttle service companies. Arrival's scalable electric platform can be adapted for multiple vehicle categories and types which Arrival, Hyundai and Kia will explore for the development of a range of Purpose Built Vehicles (PBV). The partnership with Arrival will help Hyundai and Kia meet the rapidly growing demand in Europe for eco-friendly commercial vehicles, and accelerate the brands' transformation from car make...

Toyota Invests $394M in Flying Taxi Startup

17Jan By AnkitaNo Comments

Automobile, FUNDING

Toyota Invests $394M in Flying Taxi Startup

SANTA CRUZ, Calif., Jan. 17, 2020-- Toyota is exploring a new flight path for mobility through a new collaboration with Joby Aviation (Joby), an aerospace company that is developing and commercializing all-electric vertical take-off and landing (eVTOL) aircraft to enable the deployment of fast, quiet and affordable air transportation services. The collaboration reflects Toyota's recognition of the long-term potential of the urban air mobility market to meet the evolving needs of society, as well as Joby's position as an industry leader in working to deliver safe and affordable air travel to everyone. "Air transportation has been a long-term goal for Toyota, and while we continue our work in the automobile business, this agreement sets our sights to the sky," said Toyota Motor Corpo...

12Jan By PriyankaNo Comments

FUNDING

Techbooze Consultancy Raises $15M Funding from Space Capital

New Delhi, 12th Jan 2020: Techbooze Consultancy, a leading Business Development, Consulting and “Funding” facilitator for Startups & Enterprise raises Series A funding of $15 million, led by Space Capital. Techbooze Consultancy Services has been in the market for over 4 years now, and has been raising capital for over 22 startups within the last few years. The company, according to Founder & CEO, Mr. Subhashis Kar, initiated this round of funding in order to expand its operations and raise the company valuation to over $300 million. The company anticipates this funding round to fuel its startup growth ambitions with the ultimate goal of creating an ecosystem friendly for the growth of the startups. As of now, Techbooze Consultancy Services facilitates investment rou...

10Jan By PriyankaNo Comments

FUNDING

Byju’s Raises $300 Million Funding From Tiger Global

NEW DELHI, 10 Jan, 2019: New York-based Tiger Global Management has invested $200 million in education app Byju’s, valuing the Bengaluru-headquartered company at about $8 billion. Tiger Global, one of the most influential investors in the Indian startup ecosystem, has been negotiating an investment in Byju’s for the past few months, said two people aware of the developments. They indicated that secondary transactions, estimated at $100-200 million, may also take place, providing exits to some of the early backers of the eight-year-old company. “We are happy to partner with a strong investor like Tiger Global Management. They share our sense of purpose and this partnership will advance our long-term vision of creating an impact by changing the way students learn,” founder Byju Raveen...

Zomato Raises USD 150 mn from Existing Investor Ant Financial

10Jan By PriyankaNo Comments

FUNDING

Zomato Raises USD 150 mn from Existing Investor Ant Financial

New Delhi, Jan 10, 2019: India based Online restaurant guide and food ordering platform Zomato has raised USD 150 million (over Rs 1,065 crore) from existing investor Ant Financial as part of a larger funding round. According to a regulatory filing by Info Edge India, which is also an existing shareholder in Zomato, this transaction is at a pre-money valuation of USD 3 billion. The investment is part of a larger funding round of up to USD 600 million, announced by Zomato Founder and CEO Deepinder Goyal in December. "We have raised USD 150 million from Ant Financial as a part of a larger round. Ant Financial has been a steadfast partner in our journey towards achieving market leadership in on-demand food delivery in India, and dining out globally," a Zomato spokesperson said in a s...