FUNDING | Pixr8 News

Chai King Raises $1 Million From Chennai Angels

8Jan By NitishNo Comments

FUNDING

Chai King Raises $1 Million From Chennai Angels

Chennai, 8 Jan 2020: The Chennai Angels invested 1 million USD in Chai Kings-Chennai’s largest Chai Retail chain along with Hyderabad Angels and TiE India Angels, who have also participated in this round. “We are very excited to partner with Chai Kings in the bridge round. We believe the company has a strong leadership team with immense potential to grow and expand across India. The new investment reiterates our commitment towards building a sustainable and scalable Indian QSR.”, said Mr. Piyush Bhandari who lead the investment from TCA. “We are happy with the success and progress of our brand “Chai Kings” in Chennai and this funding round will help us expand into newer cities. We hope to enter Coimbatore, Bangalore and Hyderabad in this current year and get closer to our target of...

8Jan By AdityaNo Comments

FUNDING

Mamaearth Raises $18 Million in Funding Led by Sequoia India

New Delhi, Jan 8, 2020: Personal Skin & baby care brand Mamaearth has raised $18 million (Rs 130 crore) in funding led by Sequoia India. The funding also saw participation from existing investors, Fireside Ventures, Stellaris Venture Partners and Sharp Ventures. Founded in 2016 by husband-wife duo Varun and Ghazal Alagh, MamaEarth offers skin and hair care, and baby care products. The company plans to use the freshly acquired funds over the next three years to continue its growth, building it into a $70 million brand by acquiring five million new consumers, a statement said. The funds will also be used to launch more brands under the Honasa umbrella all of which will be internet-first and focused on the needs of millennial consumers, it added. Honasa is the parent compan...

UnoLigo Raises $1 million from EquNev Capital

7Jan By PriyankaNo Comments

FUNDING

UnoLigo Raises $1 million from EquNev Capital

Angel investor and venture capitalist Kapil Khandelwal-run early-stage investment fund EquNev Capital said it has pumped in USD 1 million into customer transmigration platform UnoLigo. UnoLigo Solutions is founded by Jehangir Abdulla, a Carnegie Mellon computational finance specialist and a Wall Street algo expert. "I have invested USD 1 million in series-A funding in UnoLigo," Khandelwal, who has been an early investor in Ola, told Pixr8 News. He also said the investment will get him a board position at UnoLigo. Khandelwal said the fund he invested will go towards augmenting UnoLigo's product offering, expand its data science and sales and marketing teams. UnoLigo lists IndianOil, Bharat Petroleum, Hindustan Petroleum, Gail, ONGC, IGL and MGL, LIC Mutual Fund, Shopper's Stop, ...

24Dec By PriyankaNo Comments

FUNDING

HomeLane Raises USD 30mn in Series D Funding

New Delhi, Dec 23, 2019: Interior designing platform HomeLane has raised USD 30 million (about Rs 213 crore) in Series D funding led by new investors Evolvence India Fund, Pidilite Group and FJ Labs. The funding round also saw participation from Sequoia Capital, Accel Partners and JSW Ventures. With the current round, the total funding raised by HomeLane stands at USD 46 million. The current round is estimated to value the company at USD 150-250 million. "We will use the funds for three things for our next phase of growth that will include launching renovation as a category; scaling our proprietary design-to-manufacturing platform to more designers, vendors, and installers; and expanding to 8-10 new cities in India," HomeLane founder and CEO Srikanth Iyer told Pixr8 News. He a...

Bijak Raises $2.5 Mn from Omnivore, Omidyar Network, Others

18Dec By PriyankaNo Comments

FUNDING

Bijak Raises $2.5 Mn from Omnivore, Omidyar Network, Others

Agritech start-up Bijak has raised over USD 2.5 million (about Rs 18 crore) from various investors, including Omnivore and Omidyar Network India, for expansion of its business. Sequoia Capital India’s rapid scale-up programme, Surge and Better Capital have also invested. Gurugram-based Bijak, which was launched in May 2019 by Nukul Upadhye, Mahesh Jakhotia, Jitender Bedwal, Daya Rai and Nikhil Tripathi, would utilise the fund on new technology and hiring fresh talent, among others. Bijak is a platform that gives agricultural commodity buyers and sellers better prices, increased working capital, and optimised logistics. It brings accountability and transparency into the agricultural value chain through a buyer/seller rating system, and enables traders, wholesalers, and food process...

Springboard Raises USD 11 mn from Reach Capital, Others

17Dec By PriyankaNo Comments

FUNDING

Springboard Raises USD 11 mn from Reach Capital, Others

San Francisco-based Springboard, a leading online learning platform for workforce upskilling has raised USD 11 million (over Rs 78 crore) in funding led by Reach Capital. The post-series A financing round also saw participation by Pearson Ventures, International Finance Corporation (IFC), as well as returning investors Costanoa Ventures, Learn Capital, and Blue Fog Capital. The company, which has so far raised USD 20 million in funding, has also partnered with Microsoft to train and place 5,000 students into analytics jobs over the next three years through its new Data Analytics Career Track. "Working professionals have to significantly upskill or re-skill every 3-5 years to advance in their careers. Our industry-designed programmes combined with in-depth, 1-on-1 mentorship and ca...

17Dec By Press Trust of IndiaNo Comments

FUNDING

Licious Raises $30 Mn in funding led by Singapore-based Vertex Growth Fund

Fresh meat and seafood brand Licious has raised USD 30 million in Series E funding round. The round was led by Singapore-based Vertex Growth Fund (“Vertex Growth”) along with existing investors 3one4 Capital, Bertelsmann India Investments, Vertex Ventures Southeast Asia and India, and Sistema Asia Fund. The funds would be deployed towards expanding to a greater number of Indian cities, augmenting capabilities in the existing markets, strengthening omnichannel presence and powering new product launches, especially in the ready-to-eat category, Licious said in a press statement. The company said it would also focus on upgrading the Indian meat and seafood ecosystem by bolstering technological intervention, expanding its pool of employees and training them on niche skills that the in...

Blockchain Startup Proof of Impact Raises First Investment

11Dec By PriyankaNo Comments

FUNDING

Blockchain Startup Proof of Impact Raises First Investment

Amsterdam & San Francisco - Proof of Impact closed its seed round led by Franklin Templeton, a global fund manager managing around $700 billion in assets. Proof of Impact is building a global marketplace on the blockchain where one can donate or invest directly into measurable impact outcomes. After this investment, a member of Franklin Templeton will join Proof of Impact board. Proof of Impact’s co-founder Fleur Heyns will be pitching the company during the annual meeting of the World Economic Forum in Davos in January 2020. Ausum Ventures (San Francisco, USA), Crypto Valley Venture Capital “CV VC” (Zug, Switzerland) and Pangea Blockchain fund (Switzerland) have also participated in this funding round. The investment follows a growth trajectory that has seen Proof o...

11Dec By PriyankaNo Comments

FUNDING

KredX Raises USD 26 mn in Series B funding

KredX, an invoice discounting platform has raised USD 26 million (about Rs 187 crore) in a funding round led by Tiger Global Management. The series B round also saw participation from an existing investor for a minority stake in the company, a statement said. KredX was founded by Manish Kumar and Anurag Jain in 2015 to help businesses meet their short-term working capital needs by facilitating discounting of their unpaid invoices. As on date, KredX has processed over five lakh invoices helping more than 5,000 suppliers through 10,000-plus investors across 36 cities. We are excited to partner with KredX and believe the company has created an efficient and trusted lending marketplace connecting Indian companies with institutional investors," Tiger Global Partner Scott Shleifer sa...

Volvo Group Invests in Autonomous Mobility Software Apex.AI

9Dec By PriyankaNo Comments

FUNDING

Volvo Group Invests in Autonomous Mobility Software Apex.AI

Volvo Group Venture Capital AB has invested in Apex.AI, a leading software company in autonomous mobility. The investment will fund the development of a safety-certified software framework for autonomous systems. Apex.AI, a Palo Alto, California-based company founded in 2017, is building an automotive-grade version of ROS (Robot Operating System), an established open source software framework commonly used in robotics and autonomous systems research. By providing a safer and more reliable version of ROS that will be certified according to the functional safety standard ISO 26262, Apex.AI enables companies to take their autonomous vehicle projects into production. “We are excited to invest in a company that enables easier development of safety-certified systems,” says Anna Westerberg...

Logistics Platform Shadowfax Raises $60 Million from Flipkart & Others

9Dec By NitishNo Comments

FUNDING

Logistics Platform Shadowfax Raises $60 Million from Flipkart & Others

Bengaluru, Dec 9, 2019: Flipkart, India's leading eCommerce platform now owned by US-based Walmart has led a $60 million Series D investment round in logistics platform Shadowfax. The investment come as a part of their strategy to expand hyperlocal delivery capabilities. Eight Roads Ventures, Nokia Growth Partners, Qualcomm Ventures, Mirae Asset Naver Fund and World Bank backed IFC investment group also participate in this round. Flipkart already partnered with Shadowfax to fulfil its logistics requirements across various categories in its e-commerce business. "At Flipkart, we are focused on redefining customer experience, and hyperlocal is a key element to enable this transformation," said Kalyan Krishnamurthy, Chief Executive Officer, Flipkart. "We have seen strong syner...

5Dec By AdityaNo Comments

FUNDING

CarDekho Raises $70 Million Series D Funding

New Delhi, Dec. 5, 2019-- India's leading automobile selling platform CarDekho raises $70 million Series D in funding from China-based Ping An Insurance Group, Sequoia Capital and Hillhouse Capital. This is Ping An's first venture investment in India through its Ping An Global Voyager Fund. CarDekho Group, founded in 2008, is one of India's leading autotech companies. It has successfully digitized the auto ecosystem in India and is aggressively pursuing the vision to own the personal mobility space by helping customers across their entire car buying and ownership journey. CarDekho Group currently has operations in India, Indonesia, and Philippines and operates leading Indian auto sites such as CarDekho.com, Gaadi.com, ZigWheels.com, BikeDekho.com, InsuranceDekho.com, and PowerD...