FUNDING | Pixr8 News

18Jun By NitishNo Comments

FUNDING

Razorpay raises $75M funding led by Sequoia Capital

Razorpay raises $75 million series C round of equity funding from fintech Venture capital firm Ribbit Capital & Sequoia Capital. Tiger Global Management and Y Combinator’s Continuity Fund also participated in this round. Bengaluru based b2b payment solutions platform will use this funding to expand its operation and hire more people. Till date, Razorpay has raised about $107 million from Matrix Partners, MasterCard, and other angel investors. It had last raised equity capital in a round led by Tiger Global in early 2018. Founded by Harshil Mathur & Shashank Kumar in 2013, Razorpay is a payments company that provides payment solutions to online merchants in India. The company plans to use this fund to support its neo-banking platform Razorpay X and it...

France based Saas Startup Payfit Raises $79 million

17Jun By AdityaNo Comments

FUNDING

France based Saas Startup Payfit Raises $79 million

French startup Payfit raises $79 million funding from Eurazeo and Bpifrance. The funding will use to double its workforce by 2020. Founded in 2016 by Firmin Zocchetto (CEO), Ghislain de Fontenay (CTO) and Florian Fournier (CPO), PayFit raises $5.6 million from Xavier Niel and The Family in 2016 and $15.7 million from Accel in 2017. After today's round, the total funds will be more than $100 million. PayFit a software-as-a-service-based platform automates everything from RTI submissions and employee payslips to leaves and expenses. The company allows small and medium enterprises to easily and quickly pay their employees. The company now provides full-fledged HR solutions to 3000 clients based in multiple European countries. Hire around 300 people, Payfit developed its...

CerraCap Ventures secures Strategic investment from IIFL Wealth

13Jun By AdityaNo Comments

FUNDING

CerraCap Ventures secures Strategic investment from IIFL Wealth

CerraCap Ventures, a leading early-stage technology venture capital firm, announced a strategic investment of an undisclosed amount from a unit of IIFL Wealth Management Limited (IIFL Wealth), in CerraCap Ventures Fund II. Headquartered in Orange County, CA, CerraCap Ventures focuses on areas of Cyber Security, AI and Digital Health. Leveraging a unique "Sales and Scale" business model, CerraCap goes beyond providing just capital to early stage companies. They help startups sell into large enterprises through an ecosystem of decision makers and an influential advisory board consisting of global leaders. IIFL Wealth is one of the leading private wealth management firms in India with an AUM of around USD 24 billion. General Atlantic, a leading global growth equity firm, is among the la...

Biz2Credit raises $52 Million from WestBridge Capital

10Jun By PriyankaNo Comments

FUNDING

Biz2Credit raises $52 Million from WestBridge Capital

New Delhi, 10th June 2019: Biz2Credit Inc, the leading online lending platform that helps banks and other financial institutions manage small and medium enterprises (SMEs) lending processes and makes it easier and faster for SMEs to access working capital, announced that it has completed a Series B capital financing round of $52 million led by WestBridge Capital. This is the second round of equity financing for Biz2Credit; the company was initially funded by Nexus Venture Partners.The funds will be deployed to drive further growth in Biz2Credit’s marketplace lending business and support the continued expansion of Biz2X, the company’s state-of-the-art digital lending platform, through SaaS partnerships with global financial institutions. With live deployments of the Biz2X Platform in four m...

Litify Raises $50 Million From Tiger Global

8Jun By NitishNo Comments

FUNDING

Litify Raises $50 Million From Tiger Global

NEW YORK, June 8, 2019-- Litify, a software platform that empowers law firms to better service their clients and grow their business, announced today a Series A investment of $50 million by Tiger Global Management & others. The financing will be used to fund Litify's continued growth and general operations, with a focus on expanding its offerings to a broader customer base, including in-house counsel, a corporate law offering for mid-to-large size firms, and an off-the-shelf solution for smaller-sized law firms. "Tiger Global's investment will allow us to continue growing and to partner with more law firms across the globe and further enhance the customer experience. We're thrilled to have the backing and confidence of a premier tech investment firm with such a proven track reco...

Cyient invests in rail cyber security company Cylus

7Jun By PriyankaNo Comments

FUNDING

Cyient invests in rail cyber security company Cylus

IT firm Cyient has invested in Israel-based Cylus, which provides cybersecurity solutions for the rail industry. "This investment is in line with the company's focus on developing smarter and safer mobility solutions for the rail industry. It brings together Cyient's leadership position in engineering solutions for rail and focus on digitalisation, with Cylus' cybersecurity solutions developed specifically for the rail industry," Cyient said in a statement. The company, however, did not disclose the size of the investment. Cylus has developed CylusOne a cyber security software product that is designed for mainline and urban rail systems. The solution detects cyber threats in signaling and control networks, both trackside and onboard, facilitating a timely and effective response. ...

Realty Platform NoBroker raises $51 million

6Jun By AnkitaNo Comments

FUNDING

Realty Platform NoBroker raises $51 million

Realty portal NoBroker.com has raised USD 51 million from investors, including General Atlantic in Series C Funding. The funding will use to expand its business in India. The realty platform NoBroker has raised total USD 71 million so far. "The round was led by General Atlantic and included participation from existing investors SAIF Partners and BEENEXT," the company said in a statement. NoBroker.com is a tech-based, brokerage-free real estate platform that makes real estate transactions seamless and efficient. It also provides other services starting from house search to packers and movers, home loans, cleaning services etc. More than 25 lakh properties are already registered on NoBroker and over 60 lakh individuals have used the portal's services. "We plan to use this c...

AI based News Analytics Platform Owlin Raises $3.5 million

3Jun By NitishNo Comments

FUNDING

AI based News Analytics Platform Owlin Raises $3.5 million

Amsterdam-based Owlin, an AI-based news analytics startup has raised $3.5 million in Series A funding. Velocity Capital participated in this funding round. The funding will use to expand the company's operation internationally, especially in the U.K. and the U.S. Owlin is the news analytics tool that helps finance professionals monitor their portfolio proactively, continuously, and in real-time. By tapping into more than three million global sources, Owlin saves time and ensures that you never miss vital emerging risks, opportunities, or trends. “We started with delivering news signals to dealing room environments with our platform,” Owlin co-founder and CEO Sjoerd Leemhuis said. “We are adding news and unstructured data to their risk monitoring. In the end, our clients don’t...

3Jun By AdityaNo Comments

FUNDING

Pristyn Care raises $4M Series A funding

Pristyn Care, a Bengaluru based healthcare delivery startup raises $4 million in Series A round led by Sequoia India. The company will use this funding to invest in technology and expand its team of medical professionals. Started in late 2018 by Harsimarbir Singh, Dr Vaibhav Kapoor, and Dr Garima Sawhney, Pristyn Care specialises in offering patients affordable advanced surgical care through surgical techniques and recovery measures. It offers patients a range of elective surgeries across proctology, gynaecology, urology and ENT (ear, nose, and throat). "There is a significant need to improve day care procedures in India. Our vision is to transform the future of healthcare by using improved medical techniques, personalised patient care and support that caters to the speciali...

Agara Labs raises $2.5 million from Blume Ventures and RTP Global

31May By NitishNo Comments

FUNDING

Agara Labs raises $2.5 million from Blume Ventures and RTP Global

Agara Labs, a startup applying Deep Learning to speech and text to automate customer support, has come out of stealth with pre-Series A funding of $2.5 million from Blume Ventures and RTP Global. The company already counts Silicon Valley bluechip Kleiner Perkins as a seed investor. Agara Labs automates end-to-end customer support operations for even the most complex kinds of queries. It achieves this by training sophisticated Deep Learning models on over 10 million historical customer support queries and other proprietary data sources. The company is currently working with large service providers like AWS and Genesys etc. The company’s flagship product, Sia, is a fully autonomous phone support agent which can directly field calls with customers and handle their problems just the w...

29May By AdityaNo Comments

FUNDING

Electric Scooter Startup Ather Energy Raises $51 million funding

Bengaluru based electric scooter startup Ather Energy has raised $51 million funding, led by Flipkart co-founder Sachin Bansal & others. Sachin Bansal invested $32 million, Hero MotoCorp converted its Convertible Debt of $19 million as a part of this round. “Electric vehicles are here to stay and Ather is playing a leading role in driving this change. Sachin has been part of our growth journey and this investment is a strong endorsement of the momentum we’ve built over these years. Post the successful launch in Bengaluru, we are eager to reach out to consumers in other cities and to build more products that will excite consumers to switch to electric vehicles. The changing landscape of personal transport has also offered us more opportunities and you will hear about the new busi...

Social Enterprise Platform Sistema.bio raises USD 12 mn

28May By AdityaNo Comments

FUNDING

Social Enterprise Platform Sistema.bio raises USD 12 mn

Social enterprise Sistema.bio Monday said it has raised USD 12 million from investors and the amount would be used to help two lakh farmers in many countries, including India, over the next three years. "Shell Foundation, DILA CAPITAL, Engie RDE Fund, EcoEnterprise Fund, EDFIMC (ElectriFI), Endeavor Catalyst Fund, CoCapital, Triodos, Alpha Mundi, and Lendahand are among the investors and creditors participating in the round," the company said in a statement. It plans to impact two lakh smallholder farmers in India, Kenya, Mexico and South America with biodigester technology over the next three years. Sistema.bio is an international social enterprise that works with smallholder farmers to address the challenges such as poverty, food security, and climate change, providing access to...