FUNDING | Pixr8 News

Cashierless Store Startup raises $35 million

9Aug By AdityaNo Comments

FUNDING

Cashierless Store Startup raises $35 million

SAN FRANCISCO, Calif., July 25, 2019-- Standard Cognition, which is building the next interface of retail, announced today that it has raised a $35M Series B funding round led by the EQT Ventures fund (“EQT Ventures”) with participation from existing investors Initialized Capital, CRV and Y Combinator. This brings Standard’s total funding to date to more than $86M, and its post-money valuation to $535M more than a 2x increase since the company raised its Series A in Nov 2018. The funding enables Standard to continue to focus on making its early customers in the U.S. and Japan successful while growing the team and expanding both domestically and internationally. Jordan Fisher, Co-founder and CEO of Standard, said, “We really hit it off with the EQT Ventures team, and we’re incredi...

8Aug By PriyankaNo Comments

FUNDING

LQI raises funding from Indian Singer Sukhbir Singh

August 7, 2019: Indian Singer Sukhbir Singh announced his first investment in Gurugram based beverage startup, LQI. LQI, is selected as the first startup by Mr. Singh for investment, out of 5 startups shortlisted by startup incubator company Startup Buddy for pitching. LQI is in the process of raising USD 200K and the Funds will be deployed to increase the production capacity and the geographical expansion to newer markets. As per the news, Singer Sukhbir investment amount is between 10 to 25 Lakhs. Founded in Mid-2016 by Shubham Khanna, Palak Kapoor, and Kapil Kumar, LQI uses their proprietary technology to manufacture Smoothie, Milkshake and Fruit Water frozen packs made with 100% raw fresh fruit with an increased shelf life of 2.5 months without use of any colors, flavors, ...

Gramophone raises $3.5 million from Info Edge & others

7Aug By AdityaNo Comments

FUNDING

Gramophone raises $3.5 million from Info Edge & others

Agri-tech startup Gramophone raises USD 3.5 million in funding from Info Edge, Raveen Sastry (Co-founder of Myntra.com), Asha Impact and Better Capital. Info Edge is an existing investor in Gramophone, while Asha Impact is a platform founded by Vikram Gandhi (former Credit Suisse executive) and Pramod Bhasin (former President and CEO of Genpact), a statement said. The startup is rapidly scaling up its operations and will use the funds to expand across other Indian states. Founded in 2016, Gramophone provides actionable agronomic insights coupled with last-mile delivery of agriculture inputs to farmers through a smartphone app and a call centre. The startup's last-mile delivery model has helped them serve over 2.5 lakh farmers in the remotest villages across central India. "W...

6Aug By AdityaNo Comments

FUNDING

GoWork raises $53 mn debt funding from BlackRock, CLSA Capital

Coworking space provider GoWork has raised USD 53 million (around Rs 375 crore) debt funding from US-based BlackRock and CLSA Capital Partner to expand its business. GoWork currently has two coworking centres at Gurugram in Haryana, spread over 8 lakh square feet with a capacity of 12,000 seats. "GoWork has raised USD 53 million from a private fund managed by BlackRock's Private Credit team, along with CLSA Capital Partners' Special Situations Group, in a round of debt funding," the Gurugram-based coworking firm said in a statement. This is the first onshore private financing transaction in India by global investment management firm BlackRock, it added. GoWork will use this funding to further scale the business and provide value-added services to its clients. GoWork CEO &am...

6Aug By AdityaNo Comments

FUNDING

Indifi raises $21 million in Series C funding

Indifi Technologies, a Gurugram-based SME lending company raises $21 million in its series C funding round from the CDC Group, along with existing investors such as Accel India, Omidyar Network, Fair Finance Fund, and Elevar Equity, according to data sourced from the Registrar of Companies. Indifi was co-founded in 2015 by Alok Mittal and Siddharth Mahanot and is mostly engaged in lending to small and medium enterprises. The company works to digitize the lending processes of these small businesses. In 2016, it had closed its series B round when Omidyar Network led the process to invest $10 million in the company. As per details filed with the ROC, Indifi has received Rs 100 crore from the CDC Group, followed by 23 crores from Accel India, and Omidyar Network and Fair Finance Fund ...

5Aug By PriyankaNo Comments

FUNDING

BalleBaazi.com raises $4mn in Series A funding

Online fantasy gaming platform BalleBaazi.com has raised USD 4 million (nearly Rs 30 crore) in series A round. The funds were raised from two private equity funds based out of Singapore and Delhi, the company said in a statement. The funds will be utilised to expand its business to newer markets and enhance gaming experience for users, which stands at around 3 million at present, it added. "Online gaming industry in India is growing marvellously and is poised to grow even faster. The potential is huge and the funds will certainly pave way for newer innovations and catalyse our upward journey at BalleBaazi," BalleBaazi.com CEO Saurabh Chopra said. It also plans to introduce more games under the umbrella of fantasy gaming, thus engaging with audience across different genres of sp...

4Aug By NitishNo Comments

FUNDING

MindTickle Raises $40 Million in Series C Funding

SAN FRANCISCO-- MindTickle, a leading Sas platform has secured $40 million in Series C funding. New investor Norwest Venture Partners led the round with participation from all existing investors including Accel Partners, Canaan, NewView Capital, a spinout of New Enterprise Associates, and Qualcomm Ventures LLC. In addition, Scott Beechuk, partner at Norwest Venture Partners and former Senior Vice President of Product Management at Salesforce Service Cloud will join MindTickle's Board of Directors. This round brings MindTickle's total raised to more than $81 million. Speaking on the development, Krishna Depura, co-founder and CEO of MindTickle said, "Sales and service organizations are facing a perfect storm on many fronts and company representatives that are not equip...

Coworking Startup GoHive raises $363k from investors

2Aug By AdityaNo Comments

FUNDING

Coworking Startup GoHive raises $363k from investors

Co-working startup GoHive has raised $363K (Rs 2.5 crore) from investors to expand its operations. GoHive currently operates seven co-working centres in Delhi/NCR. "GoHive has raised $363K in a pre-Series A round from seasoned angel investors to fuel its growth and expansion plans," a company statement said. With this funding, GoHive said it aims to double its current size and reach 5,000 seats within a year, with presence in NCR, Bengaluru, and Mumbai. The round has showcased investors' confidence in our business strategy and our initiative to make spaces more accessible and suitable to different business needs, empower young companies, and enable deeper business inclusion in the ecosystem," said GoHive Founder & CEO Mishu Ahluwalia said. Co-working segment is gaining mome...

30Jul By AdityaNo Comments

FUNDING

Customised apparel brand Alma Mater Store raises $200,000

Customised apparel brand Alma Mater Store has received $200,000 (around Rs 1.37 crore) funding from Wazir Advisors' Managing Director Harminder Sahni. Alma Mater Store CEO Sachin Sahni said to Pixr8 News, "the company will use the funds for "expansion and investing in new technology". We have a strong loyal customer base and we will continue to focus on building a profitable and sustainable business in the long term." Wazir Advisors Harminder Sahni Founder and MD said, "we are excited about how the customisation market is picking up in India. Customisation is the future of every consumer business.... Being the pioneer in their field, Alma Mater Store is ready to take up new challenges and we are delighted to be associated with them". As per the company, India is one of the fastest...

27Jul By AdityaNo Comments

FUNDING

Japanese Space Startup Synspective Raises $100 Million funding

Synspective Inc a Japanese startup which provides satellite data solutions using small sized SAR (Synthetic Aperture Radar) satellites raises $100 million funding from a group of investors. Started in February 2018, Synspective becomes world’s fastest and Japan’s second highest funded space startup. The investment will help strengthen the company’s SAR satellite development, manufacturing systems, and solutions development. Synspective provides one-stop solutions by satellite gathered geospatial data. The core technology was developed by the ImPACT program led by The Cabinet Office, Government of Japan, building small SAR satellites and constellation, allowing frequent observation of areas of interest. Synspective uses SAR satellites to provide data and produce user-friendly ...

Affle India raises $20.5 million before IPO

27Jul By PriyankaNo Comments

FUNDING

Affle India raises $20.5 million before IPO

Mobile marketing firm Affle India has raised $20.5 million (about Rs 206.55 crore) from 15 anchor investors by allotting 27,72,483 equity shares at a price of $10.5 per share, before its IPO launch. Affle India Ltd will launch its $60.5 million initial public offerings from July 29 and has fixed a price band of Rs $10.5 per share. The issue will close on July 31, 2019, according to a company statement. Among the 15 anchor investors, Abeerden Asian Smaller Companies Investment and Franklin Templeton Investment Funds has subscribed over 3.05 lakh shares each. Other anchor investors include Goldman Sachs India, Malabar India Fund, among others. The IPO comprises of a fresh issue aggregating up to $13 million and an offer for sale of up to 49,53,020 equity shares by Affle Holdings,...

Augmented Reality Startup PlayShifu raises USD 7 million

26Jul By AdityaNo Comments

FUNDING

Augmented Reality Startup PlayShifu raises USD 7 million

Playshifu, a start-up focussed on augmented reality technology has raised USD 7 million (about Rs 48.2 crore) in funding led by Chiratae, Inventus Capital and Bharat Innovation Fund. The series-A round also saw participation from existing investor IDFC-Parampara Fund, a statement said. PlayShifu creates immersive augmented reality experiences for children to encourage early STEM (science, technology, engineering and mathematics) skills. With USD 8.5 million raised to date, the company's primary focus will remain on tech innovation, continued research on unique phygital interactions and new product developments. PlayShifu also plans to update current products significantly and expand the diverse retail presence from 15 countries to over 30 countries in 2020 and beyond," the company...