FUNDING | Pixr8 News

30Sep By AnkitaNo Comments

FUNDING

LoanTap Raises $12 Million in Funding Round

Digital lending firm LoanTap raises $12 million in series-B funding round, led by Avaana Capital. The current round also saw participation from existing investors, 3one4 Capital, India Quotient, Shunwei Capital and KaeCapital, a statement said. The platform offers customised personal loans such as rental deposit loan and holiday loan to white-collared salaried professionals in India. "LoanTap has created a strong technology backbone which offers a superior customer experience. We tripled our loan book last year and the current round of funding will further fuel this growth," LoanTap Chief Executive Officer and co-founder Satyam Kumar said. The firm claims to have turned profitable within two years of operations. With this round of funding, LoanTap has raised a total of USD ...

WhistleDrive raises $10 Million from Colosseum Group

26Sep By PriyankaNo Comments

FUNDING

WhistleDrive raises $10 Million from Colosseum Group

26th Sept, 2019-- WhistleDrive, a city-based employee transportation company has raised $10 million (Rs 72 crore) series B funding from Chicago-based Colosseum Group. WhistleDrive provides technology-enabled fleet services for corporates and operates 700+ fleet across three cities including Hyderabad, Bengaluru and Chennai. CEO of WhistleDrive Rakesh Munnanooru said the firm targets to grow 10x with this series-B investment. "In the next 12 months, we will look at entering two new cities to offer our TaaS Model "transportation as a service" to Corporates beyond Hyderabad, Bengaluru, Chennai where we will operate, expand fleets and fast-track customer acquisitions," he said. WhistleDrive offers office commute services to several companies, including ADP, Invesco and Hitachi Con...

Flipkart Cofounder Invest $100 Million in Indian Fintech Firm, Becomes CEO

25Sep By PriyankaNo Comments

FUNDING

Flipkart Cofounder Invest $100 Million in Indian Fintech Firm, Becomes CEO

25th Sept, 2019- Flipkart co-founder Sachin Bansal, who sold his part of equity and exited the e-commerce major with USD 1 billion in payout announced an investment of Rs 739 crore (close to $100 million) in Bengaluru based lending firm CRIDS. The percentage of shares has not been disclosed. The 37-year old billionaire invest $100 million in two part, where $20 million is in secondary transactions to buy out share of existing investors. Unlike his past bets, where he has played the role of a financial investor alone, Bansal will lead the lending firm as its chief executive officer. Bansal had sold out his stake in Flipkart when the American retail giant Walmart acquired the majority stake in the ecommerce platform co-founded by Bansal and his friend Binny Bansal last year. ...

17Sep By PriyankaNo Comments

FUNDING

SaaS Startup Unearth raises $7 Million in Series A funding

SEATTLE, SEPTEMBER 16th 2019-- Unearth Technologies proudly announces a $7 million Series A investment led by Vulcan Capital, with participation from Madrona Venture Group. This latest round brings the total funding raised by the company to $11.6 Million. Founded in late 2016, Unearth initially focused on improving productivity in construction with place-based data management. Their success as a construction software company quickly led to an expanding customer base amongst the broader built world industry, including major players in the utilities, government, infrastructure, and energy sectors. Through strong customer partnerships, the company discovered what the built world really needed: an easier way for entire teams to use GIS data for building, inspecting, and maintaining p...

16Sep By PriyankaNo Comments

FUNDING

Edtech startup AttainU raises angel funding

Bengaluru, 16th September 2019: AttainU, a Bengaluru based edtech startup providing high-quality, live online courses as college alternative to individuals has raised angel funding from investors including Shailesh Rao ex-Google India Head, Nikhil Rungta ex-Intuit India Head, Anil Gelra Founder, SnapMint and Manish Kumar Founder, KredX and LetsVenture. The company plans to use the funding to further strengthen faculty, development of courses, counselling teams and build a semi-automated platform to cater to the huge inbound student demand they are receiving. Founded by Divyam Goel and Vaibhav Bajpai in 2018, AttainU currently offers full-time, online 7-month long Software Engineering courses for users looking to get into Software Engineering careers. AttainU provides career coun...

12Sep By AdityaNo Comments

FUNDING

Marsplay Raises Funding from Venture Highway, Others

Marsplay, a community-led commerce platform has raised funding led by Venture Highway. The pre-series A round, whose size was not disclosed, also saw participation from Alvin Tse from Xiaomi, Jonathan Lau, Partner, Cadorna Ventures, a statement said. Existing angels including the personal offices of Shailesh Rao, a partner with TPG Growth, and Nikhil Mohta, Director, ICICI Ventures also followed on in this round. Marsplay's seed round was led by Amit Agrawal (former YouTube India Head), Vivekananda Hallekere (Bounce CEO) and Shamir Karkal (Simple.com founder) among others, it added. Marsplay plans to use the funds to build its product engineering team and build a strong creator community, it said. https://pixr8.com/funding/edtech-startup-whitehat-jr-raises-10-million-fundi...

11Sep By PriyankaNo Comments

FUNDING

EdTech Startup WhiteHat Jr. Raises 10 Million Funding

MUMBAI, Sept. 11, 2019-- EdTech startup WhiteHat Jr. raises $10 million funding in Series A from existing investors Nexus Venture Partners and Omidyar Network India. Owl Ventures, a Silicon Valley-based EdTech focused venture capital fund, also participated in this round. Founded by Karan Bajaj, WhiteHat Jr. helps kids 6 to 14 build commercial-ready games, animations, and apps online using the fundamentals of coding. The company started in November 2018, had earlier raised $1.3 Mn in seed funding from Nexus Venture Partners and Omidyar Network India. WhiteHat Jr. has developed their own original coding curriculum, which is centered on product creation, and imparts their lessons via 1:1 live, interactive online classes. The new funds will be used to strengthen their technolog...

Vedantu Raises $42 Million From Tiger Global & Others

29Aug By AdityaNo Comments

FUNDING

Vedantu Raises $42 Million From Tiger Global & Others

Online education company Vedantu has raised USD 42 million (about Rs 301 crore) in Series C round of funding, led by Tiger Global and WestBridge Capital. The funding round also saw participation from existing investors Accel, Omidyar India and TAL Education as well Prince Maximilian of Liechtenstein and CEO, LGT group and founders of Vedantu, a statement said. "Our product is our core differentiator where we offer a full-stack solution with a better quality teacher at affordable prices. We will use this funding towards boosting our technology, content capabilities and to build the brand and expand our services for learners across India," Vedantu CEO and co-founder Vamsi Krishna said. The funds will be utilised to scale operations and expand the company's learner base as well as de...

28Aug By PriyankaNo Comments

FUNDING

Rapido Raises $54 Million funding From Westbridge & others

Bike-taxi firm Rapido has raised over $54.48 million (around Rs 390 crore) in a new round of funding with participation from Westbridge and Nexus Ventures. Led by Westbridge, the round also saw participation from Bace Fund, Astrend India Investment and Sabre Investment, as per regulatory documents filed by Roppen Transportation Services (which operates Rapido) with the Ministry of Corporate Affairs. The round involved issue of 11 equity shares (at a premium of about Rs 1.37 lakh each) and 28,387 series B compulsory convertible preference shares at a premium of Rs 1,37,592 each in cash, it added. The proposal was approved at the company's extra ordinary general meeting by shareholders of Roppen Transportation Services on August 19, the documents showed. The company declined to c...

Indian Singer Sukhbir Singh Investing in Electric Vehicle company eBikeGo

27Aug By AnkitaNo Comments

FUNDING

Indian Singer Sukhbir Singh Investing in Electric Vehicle company eBikeGo

August 27, 2019: Indian Singer Sukhbir Singh has selected eBikeGo for his second investment in India, after investing in LQI as his first angel investment in India. Amritsar based Mobility startup, eBikeGo is in the process of raising funds and it will deploy these funds to expand its operations to other cities in India as well as for increasing their fleet in Delhi. eBikeGo is India's first ever electric two wheeler rental platform that provides economical and environmentally friendly travelling option for everyone. Founded in the year 2017 by Dr. Irfan Khan, they first started their operations in Amritsar with Okinawa scooters and then expanded to Delhi, Jaipur and Ludhiana. eBikeGo is bootstrap startup and has raised their initial investment from friends and family. eBikeGo is...

Zenoti raises $20 million from Steadview Capital

27Aug By AnkitaNo Comments

FUNDING

Zenoti raises $20 million from Steadview Capital

Zenoti Software, the leading cloud-based platform for the spa, salon and med spa industry secured $20 million in funding from Steadview Capital. On the heels of its recent $50 million Series C round, Zenoti intends this additional funding to expand the company's presence in the U.K. and bolster its global marketing efforts. The company has previously raised capital from Tiger Global, Accel, and Avataar investment firms. Additionally, the company announced that it has hired Guy Weismantel, a SaaS platform and technology industry veteran, to serve as Senior Vice President of Marketing. "Zenoti is realizing our vision of service entrepreneurs, addressing the most common pain points for business owners in the fast growing beauty and wellness industry with a cloud-based platform tha...

Fintech Firm BharatPe Raises USD 50 mn from Investors

26Aug By AdityaNo Comments

FUNDING

Fintech Firm BharatPe Raises USD 50 mn from Investors

BharatPe, a fintech firm has raised USD 50 million (about Rs 350 crore) in its latest round of equity financing. This was led by leading global fintech investor, Ribbit Capital and London-based hedge fund, Steadview Capital, BharatPe said in a statement. Existing investors Sequoia Capital, Beenext Capital and Insight Partners also participated in the round. Having established one of the largest networks of merchants in India, connected through UPI based payment services, BharatPe has emerged as one of the fastest growing fintech companies in the country, it said. Within one year of launch, the company has achieved USD 1 billion annualised total payments volume (TPV) and facilitates over 18 million UPI transactions monthly, it said. https://pixr8.com/funding/ecobillz-rai...