FUNDING | Pixr8 News

Bharti Airtel Board approves raising up to USD 4 billion

5Dec By Press Trust of IndiaNo Comments

FUNDING

Bharti Airtel Board approves raising up to USD 4 billion

Telecom operator Bharti Airtel's board approved raising USD 4 billion through equity dilution and debt funding. The board, for now, has given its go-ahead to raise up to USD 3 billion and has also approved raising an additional USD 1 billion, an official said. The board has given its approval to raise USD 2 billion through "one or more qualified institutional placement, public and/or private offerings of equity shares, compulsory convertible debentures/other convertible securities/warrants/ADR/GDR or a combination thereof", according to a regulatory filing. The company has received an approval to raise USD 1 billion through foreign debt instrument and another USD 1 billion through issuance of "unsecured and/or secured, listed and/or unlisted, redeemable non-convertible debentures ...

Paytm Invest in Bus Ticketing Software Provider

3Dec By NitishNo Comments

FUNDING

Paytm Invest in Bus Ticketing Software Provider

One97 Communications Ltd, which owns Paytm has made a strategic investment in Rajkot-based bus ticketing solutions provider Infinity Transoft Solutions. While the company did not disclose investment details, sources close to the development said Paytm has pumped in upwards of Rs 10 crore. Paytm entered the online bus ticketing space in 2015 and currently offers bus tickets across more than 62,000 routes through its integrations with more than 2,000 private bus operators. It also offers online ticketing for state-run road transport corporations in Andhra Pradesh, Telangana, Gujarat, Uttar Pradesh, Maharashtra and others. "We are excited to announce our strategic association with Infinity. This partnership will help us bolster our payments and ticketing technology solutions for b...

Jungle Ventures invests in BookMyShow’s Southeast Asia Business

3Dec By PriyankaNo Comments

FUNDING

Jungle Ventures invests in BookMyShow’s Southeast Asia Business

Bigtree Entertainment Singapore Pte Ltd, which owns and operates BookMyShow's South East Asia business said Singapore-based Jungle Ventures has invested in the company. The company however, did not disclose the financial details of the transaction. The capital will be used to strengthen BookMyShow SEA's technology operations and grow its capabilities to cater to the rising entertainment demands in the Southeast Asian region, a company statement said. With this first external fund raise for the firm's Southeast Asian business, BookMyShow SEA will shift its headquarters to Singapore, it added. Pursuant this investment, BookMyShow SEA aims to expand its geographic footprint across the Southeast Asian market to become the leading out-of-home entertainment platform for the region, t...

2Dec By PriyankaNo Comments

FUNDING

Yulu Raises $8 Mn Funding from Bajaj Auto

Shared e-mobility service provider Yulu has secured $8 million (approximately Rs 57.2 crore) investment from two-wheeler major Bajaj Auto. As part of the tie-up, Yulu will source electric two-wheelers from Bajaj Auto which have been co-designed and manufactured exclusively for shared micro-mobility, Yulu said in a statement. Bajaj Auto will also consider facilitating vehicle finance needs of Yulu for a large-scale deployment of its micro-mobility electric vehicles, it added. “We believe that… congestion reduction and pollution control will drive the segment of shared micro-mobility in the future,” Bajaj Auto Managing Director Rajiv Bajaj said. That, coupled with the expansion of mass rapid transport systems like Metro in large cities, will further boost the demand for flexible ...

28Nov By PriyankaNo Comments

FUNDING

Corporate Travel Management Company Tripeur Raises $1M Funding

Tripeur, the world's smartest corporate travel management company, raised $1 Million funding from SenseAI, Better Capital, Alacrity India, Patni Wealth Advisors, and others. Existing investors Incubate Fund and Rajul Garg also participated. Tripeur's AI platform has powered over 1.4 lakh corporate travel transactions for over 50,000 business travelers and set new standards in corporate travel booking experience. The company is on track for yet another year of stellar growth and is planning to use the fund to grow 5X, further strengthen its Artificial Intelligence capabilities and explore international markets. "We are noticing that the corporates, small and large, are spending 20% to 30% more than what they ideally should on travel. Our singular purpose is to help corporates to contr...

25Nov By AdityaNo Comments

FUNDING

Paytm raises $1 billion in funding at $16 billion Valuation

NEW DELHI, 25th Nov 2019- India's leading digital payment firm Paytm has raised fresh $1 billion funds from a group of investors, including existing backers such as SoftBank’s Vision Fund and Alibaba’s Ant Financial. T. Rowe Price Associates, Inc. and Discovery Capital are the new investors participated in this round. However, Paytm did not officially disclose the details but as per Pixr8 sources Paytm raises $1 billion in the latest round. The company will expand into insurance, lending and investments and invest $1.39 billion over the next three years to include more users in the country, Paytm said. After this funding round Founder & CEO of Paytm, Vijay Shekhar Sharma has said, “At Paytm, we are committed to bringing half a billion Indians to the mainstream economy b...

24Nov By PriyankaNo Comments

FUNDING

CasaOne Raises $16 Mn in Funding led by Accel & Others

SAN FRANCISCO-- CasaOne, the San Francisco-headquartered furniture rental company has raised $16 million Series B round of financing led by Accel and existing investors JLL Spark, Freestyle Capital, NextWorld Capital, and Array Ventures. New investors include Quiet Capital, HNI and WeWork and a few prominent angel investors including Lydia Jett from Softbank’s Vision Fund. This round of financing will help CasaOne expand to new geographies, further invest in hiring technology and engineering talent and expand into adjacent product categories. CasaOne launched its category-defining furniture rental solution in 2017 that eliminated big points of friction that comes with sourcing, designing, set-up and maintenance of furniture, furnishings and equipment be it at a residence or an of...

22Nov By PriyankaNo Comments

FUNDING

Robotics Platform Automation Anywhere Raises USD 290 Mn Funding

Automation Anywhere, a provider of robotic process automation raises USD 290 million (Rs 2,080 crore) in funding, led by Salesforce Ventures. The series B round, which puts a post-money valuation of USD 6.8 billion on the company, also saw participation from existing investors including Softbank Investment Advisers and Goldman Sachs, a statement said. "The new capital will help Automation Anywhere accelerate its vision to empower customers to automate end-to-end business processes, bridging the gap between the front and back offices with an artificial intelligence-powered intelligent automation platform," it added. In addition, the funding will advance the company's focus on improving human-to-bot collaboration through attended automation, it said. Last year, Automation Anywher...

20Nov By AdityaNo Comments

FUNDING

Aye Finance Raises $17.43 Million NCD Funding

Fintech startup Aye Finance has raised $17.43 million (Rs 125 crore) funding from Dutch entrepreneurial development bank FMO through the issuance of non-convertible debentures. With this fundraising, Aye plans to expand its outreach in providing credit, specifically to women-owned microenterprises in India, the company said in a statement. "While we have women as co-applicants for over 95 percent of our loans, we believe we can do more in enabling the women micro-enterprises of India bring about a more transformative impact on the economy," Aye Finance MD and founder Sanjay Sharma said. Under the deal, FMO will work with Aye Finance to expand their services to women entrepreneurs in the country through a gender finance programme. "We expanded our branch network this year to Bih...

US based UST Global invests in Indian startup Cogniphi Technologies

20Nov By PriyankaNo Comments

FUNDING

US based UST Global invests in Indian startup Cogniphi Technologies

US-based tech company UST Global invested in Cogniphi Technologies, an AI and cognitive technology startup in India. The strategic investment will accelerate the development and advanced research of Cogniphi's Artificial Intelligence and Vision (AIVI) platform, and the companies will formalise a joint go-to-market strategy, a statement said. Cogniphi's AI solutions are used by manufacturing, retail, surveillance, public sector, healthcare, and logistics companies. The Trivandrum-based startup also has ongoing projects in telematics, security, and surveillance through its associate company, Ideas and Innovations Squared Technologies (II2). "Investing in Cogniphi Technologies reflects our continued commitment to offer the best of technologies for our clients. At Cogniphi, we have se...

18Nov By PriyankaNo Comments

FUNDING

Medical Online Venture MedikaBazaar Raises $15.8 Million Funding

Medical supply company Medikabazaar has raised $15.8 million (Rs 112 crore) Series B funding from a clutch of investors from Belgium, Japan and India with an eye on business expansion. The Series B funding round was led by healthcare centric VC firm, Health Quad, Belgian group Ackermans and van Haaren, Japanese investors Rebright Partners and Toppan Printing Co, the company said in a statement. "We have 17 fulfillment centers pan-India, and the current investment will help us grow this number over the next few years by establishing a larger number of distribution hubs," Vivek Tiwari, founder, and CEO of MedikaBazaar said. Existing investors CBC co, Elan Corporation, Mitsui Sumitomo Insurance Venture Capital, Kois Invest from Belgium, angel investors Sunil Kalra and Arun Venkatac...

11Nov By AdityaNo Comments

FUNDING

Fintech Firm Svasti Raises USD 10 mn

11th Nov, 2019: Svasti Microfinance has raised a funding of USD 10 million (about Rs 71 crore) for expansion of branch network and increasing MSME financing. Till date, Svasti has raised a total capital of USD 17 million. The capital was raised from Adar Poonawalla, Nordic Microfinance Initiative (NMI) and Rajiv Dadlani Group, the Mumbai-based company said in a release. "Apart from expanding its branch network, Svasti will use the capital raised to expand and increase its MSME loan portfolio and provide other financial services, such as consumer finance and insurance, in partnership with other leading institutions," the release said. A portion of the funds raised in the current round is being used to provide full exits to Michael and Susan Dell Foundation and Bamboo Financial In...