FUNDING | Pixr8 News

5Jul By PriyankaNo Comments

FUNDING

Fintech startup Propelld raises $2 million funding

A strategic Education financing startup, Propelld which enables student education loan has raised $2 million in Series A funding from Stellaris Venture Partners and Indian Quotient. Propelld, a prominent name in a fin-tech startup was founded in 2017 by Bibhu Prasad Das, Brijesh Samantaray and Victor Senapaty. Based in Bengaluru, Propelld helps in financing education of students pursuing vocational training courses in areas like machine learning, hospitality management, etc. Propelld has a wide network of tie-up with around 150 educational institutes across India. They raised a seed series round from IAN in 2018. AAS Regina Legal, assisted Propelld through the entire lifecycle of deal commencing from structuring the transaction, drafting and negotiating the term sheet transac...

The Chennai Angels invest $145000 in The Indus Valley

5Jul By AnkitaNo Comments

FUNDING

The Chennai Angels invest $145000 in The Indus Valley

The Chennai Angels (TCA) raises $145000 in The Indus Valley, engaged in running an online healthy cookware products store. The Indus Valley, was founded in 2016 by the husband and wife duo Jagadeesh Kumar and Madhumitha Udaykumar. Their idea is to transform Indian kitchens with healthier cookware options. The funds will be used to expand their presence in India’s growing home and cookware products space. “Indus Valley is a natural cookware brand designing and selling healthy cookware options that are made using natural materials like iron, clay and wood, working with artisans to produce the products. Their core customers are women in major cities between 25-40 years of age, who are health conscious. The cookware industry is poised to grow at 21% p.a. and customers are...

Digital insurance platform RenewBuy.com raises $19 million

2Jul By NitishNo Comments

FUNDING

Digital insurance platform RenewBuy.com raises $19 million

Digital insurance platform RenewBuy.com raises $19 million in a funding round led by Lok Capital and IIFL AMC. RenewBuy's existing investor Amicus Capital also participated in the Series B round of funding. The investment will enable the company to increase its footprint to 1,000 cities, augment product portfolio, and insure 10 million customers by 2022, a company release said. "It will also accelerate our entry into newer geographies and augment our product portfolio to meet India's immense unmet insurance demand. Our competitive advantage of being a capital efficient business model will enable us to turn profitable within next 24 months while retaining our explosive growth," RenewBuy.com CEO Balachander Sekhar said. With a network of over 25,000 Point of Sale (POS) partners o...

2Jul By PriyankaNo Comments

FUNDING

Logistics startup Freight Tiger raises $8 million funding

Logistics technology start-up Freight Tiger raises USD 8 million (about Rs 55 crore) from investors, led by Lightspeed Venture Partners along with Alsthom Industries and Pawan Munjal Family Trust. The Mumbai-based business-to-business firm said after the fresh funding round, it plans to expand product and technology through artificial intelligence (AI) as well as machine learning and build industry-specific AI extensions on the platform. "The current fundraising round and investors' confidence strengthen our vision to build an operating system that powers the entire logistics and freight ecosystem," Freight Tiger Chief Executive Officer and founder Swapnil Shah said in a statement. Lightspeed India Managing Director Bejul Somaia said in the past couple of years, there has been rap...

Cross-border e-commerce startup Buyandship raises $2.2M

28Jun By AnkitaNo Comments

FUNDING

Cross-border e-commerce startup Buyandship raises $2.2M

Hongkong based Buyandship, a cross-border e-commerce shipping services has secured $2.2 million in pre-Series B funding round led by existing investor Infinity Venture Partners. Other investors include Asia-focused VC firm SQ Capital and unnamed strategic angel investors, besides Buyandship's key management. The money will be used to improve operational efficiencies and for market expansion. Wilson Chan, Co-founder, and CEO of Buyandship, says, that Asian e-shoppers are primarily motivated by the enormous difference in prices: "Buying a latest Dyson product on Indian online store costs around US$800, but less than US$500 from an overseas online store. At a discount rate of nearly 40 percent, customers naturally prefer to shop from overseas stores." In operations, Buyandship will...

26Jun By PriyankaNo Comments

FUNDING

Unacademy Raises $50 Million in Series D Funding

Bengaluru, June 26th, 2019 : Unacademy, India’s largest learning platform, closes of its $50 million Series D funding round from Steadview Capital, Sequoia India, Nexus Venture Partners, and Blume Ventures. Aakrit Vaish (Co-Founder & CEO, Haptik) and Sujeet Kumar (Co-Founder & CEO, Udaan) also participated in the round, along with Unacademy Founders, Gaurav Munjal, and Roman Saini. Speaking to Pixr8 News, Co-founder and CEO Unacademy, Gaurav Munjal said, “We have more than 400 top educators from across the country taking live classes every day on Unacademy Plus. This is available to every student, irrespective of their location. By leveraging technology and high-quality educators, we aim to move closer to our mission of democratising education at all levels, starting with ...

22Jun By AdityaNo Comments

FUNDING

Indiamart Raises $30 Million funding before IPO

Indiamart, India's leading online marketplace app for business products and services, said it has raised more than $30 million from 15 anchor investors by allotting 21,95,038 equity shares at a price of Rs 973, the upper band of its IPO that opens on June 24. ICICI Mutual Fund, HDFC Mutual Fund, SBI Mutual Fund, Birla Mutual Fund, Hornbill Capital Advisers LLP are among the 15 anchor investors. IndiaMart said it will launch its initial public offering from June 24 and has fixed a price band of Rs 970973 per share. The initial public offering (IPO) is of up to 48,87,862 equity shares, according to a statement by the company. Promoters Dinesh Chandra Agarwal and Brijesh Kumar Agrawal will sell 14,30,109 shares through the issue, w...

Druva Raises $130 Million to Power Data Protection for the Cloud Era

21Jun By AnkitaNo Comments

FUNDING

Druva Raises $130 Million to Power Data Protection for the Cloud Era

Sunnyvale, Calif., United States: Druva, Inc., the leader in Cloud Data Protection and Management raises $130 million funding led by Viking Global Investors, pushing total capital raised to $328 million. The round also included participation from new investors including certain funds advised by Neuberger Berman and Atreides Management, as well as existing investors including Riverwood Capital, Tenaya Capital, and Nexus Venture Partners. The investment will be used to fuel growth and global expansion, as well as drive new product innovations. Druva’s success has been fueled by the rapid growth of enterprise cloud adoption, a massive proliferation in data, and an evolving regulatory landscape. With a market size expected to reach $55 billion by 2020 according to IDC*. Built on...

French Rental Platform raises $3.3 million

20Jun By NitishNo Comments

FUNDING

French Rental Platform raises $3.3 million

PARIS, France: The apartment rental platform dedicated to business travelers, MagicStay.com raises $3.3 million series A to pursue its development. The total funding raised by Magicstone so far is $9 million since its launch in 2013. "This fundraising will allow us to recruit talent to accelerate our growth. We want to sign a quarter of the major French companies and approach one million homes before the end of the year, thanks to the exclusive technologies we now have at our disposal", says Valéry Linÿer, CEO and co-founder. "We have four main advantages over our competitors, we meet the challenges of duty of care, we are able to customize our tool to meet the constraints of each large company for short and long stays, we have 24/7 customer service with quality processes and trav...

AnyVision raises $74 Million Series A from Microsoft venture fund & others

20Jun By PriyankaNo Comments

FUNDING

AnyVision raises $74 Million Series A from Microsoft venture fund & others

New York, United States: AnyVision closes $74 million Series A funding from Microsoft’s venture fund, DFJ Growth, and OG Technology Partners. The funding is an extension of Series A round. Earlier, AnyVision raises investment from LightSpeed Venture Partners, Robert Bosch GmbH, Qualcomm Ventures, and Eldridge Industries in Series A. Founded in 2015, Anyvision is a leading computer vision company specializing in face, body, and object-recognition software. The company develops core software solutions that make all cameras smart. These solutions are agnostic to all cameras, computing frameworks, and use-cases. “There are very few times in business when you have the opportunity to build an entirely new industry alongside leading ecosystem players,” said Eylon Etshtein, CEO and Co-Fo...

19Jun By AdityaNo Comments

FUNDING

Meero raises $230M funding, joins Unicorn club

Meero, a France based startup which offers online editing and production tools for photographers has raised $230 million funding from Eurazeo & others. Eurazeo invested $56 million out of $230 million, which brings Meero's valuation above the $1 billion threshold used by the tech industry to identify so-called "unicorns" the most valuable and promising startups. Investment companies Prime Ventures, Avenir Growth, Global Founders Capital, Aglae Ventures, Alven, White Star Capital and Idinvest Partners also participated in the fundraising, whose financial details were not disclosed. Meero was founded three years ago and is headquartered in Paris. Meero hopes to double its staff to 1,200 by the end of the year, according to French newspaper Les Echos, which interviewed the com...

18Jun By AdityaNo Comments

FUNDING

Rent a Bike Platform Bounce raises $72 million Series C funding

Bounce, a smart mobility solution provider has raised USD 72 million as a part of its series C round of funding led by B capital Group and New York-based hedge fund Falcon Edge Capital. The funding round also saw participation from Accel Partners India, Accel Partners USA, Chiratae Ventures, Maverick Ventures, Omidyar Network India, Sequoia Capital India, and Qualcomm Ventures. The funding will help accelerate Bounce expansion across various Indian cities. Bounce has deployed a fleet of over 5,000 keyless scooters in the city and the app allows the users to pick up a scooter and drop it at any legitimate parking spot. We appreciate the ongoing support of our investors, who have continuously believed in the growth trajectory of Bounce. Also, our journey so far wouldn't have bee...