FUNDING | Pixr8 News

AI Based Crowd-sourcing Platform Raises $200K

21May By PriyankaNo Comments

FUNDING

AI Based Crowd-sourcing Platform Raises $200K

New Delhi, 20th May 2019: Noida based Crowd-sourcing Platform My Mobiforce providing on-demand Field Services raised US $200K from a US-based Angel Investor Mr. Arpan Prakash and Mr. Sanjiv Mital who is also an Advisor, Mentor, and a Seasoned Angel Investor. My Mobiforce is trying to solve one the biggest challenges of the brands and companies to implement on-demand Field Services by providing them with a technology platform to find a qualified field talent at the right time at the right place. With the advancements in the space of IOT, Field Service industry is moving towards proactive & predictive service management. A huge amount of field service calls will be generated through the billions of connected devices thereby, preparing brands to handle this dynamic flow of service c...

17May By NitishNo Comments

FUNDING

LeadSquared Raises USD 3 Million in Series-A Funding

Bangalore-based AI driven sales execution, automation, and predictive analytics platform LeadSquared have secured USD 3 Million in Series-A funding from Stakeboat Capital. Jyoti Bansal, an existing investor in the company, and the founder of AppDynamics and Harness.io has participated in this round again. LeadSquared plans to utilize the funding for the expansion of its operations and customer acquisition globally. Commenting on the investment, Nilesh Patel, CEO of LeadSquared, said, "The funding comes right in time to propel our global expansion plans to action. We have lately been seeing an outpour in interest from US, South East Asian and Middle Eastern markets, and we plan to invest more in the regions, so the timing couldn't have been better." Chandrasekar Kandasamy, Managing Pa...

Britain food delivery startup raises $575 million from Amazon and others

17May By AdityaNo Comments

FUNDING

Britain food delivery startup raises $575 million from Amazon and others

The British food delivery startup Deliveroo raises $575 million funding from e-commerce giant Amazon and others, a press release said on Friday. Other participants include existing Deliveroo investors T Rowe Price, Fidelity Management and Research Company, and Greenoaks. Amazon is the single largest investor in a $575-million (514-million-euro) financing round, Deliveroo said in a statement. "This new investment will help Deliveroo to grow and to offer customers even more choice, tailored to their personal tastes, offer restaurants greater opportunities to grow and expand their businesses, and to create more flexible, well-paid work for riders," said Deliveroo founder and CEO Will Shu. "Amazon has been an inspiration to me personally and to the company, and we look forwa...

15May By PriyankaNo Comments

FUNDING

Shared Economy Platform For Digital Properties Raises Angel Funding

New Delhi: Do Your Thng (DYT), a shared economy platform for digital properties has raised an undisclosed amount from prominent individual angel investors, Sorabh Agarwal, Pawan Kumar, Girish Minocha, Proteek Dey and Rahul Verma. The raised amount will be utilized for expanding the technology platform and on-boarding the brands, influencers and creators. Sorabh Agarwal, who runs a private angel network for fund raising for early stage startups and is also an advisor to start ups / mid-sized firms for strategy, led the round with other individual investors working with established companies like KPMG, Skootr, Wipro and Wheebox. According to Mr. Sorabh Agarwal, “Traditional marketing and branding techniques are slowly crumbling and need to be replaced by something contemporary and substan...

Locus raises $22 million from Falcon Edge Capital, Tiger Global

14May By PriyankaNo Comments

FUNDING

Locus raises $22 million from Falcon Edge Capital, Tiger Global

Locus, a supply chain optimisation company said it has secured $22 million in funding from Falcon Edge Capital and Tiger Global Management. The series B round funding also saw participation from existing investors, Exfinity Venture Partners, and Blume Ventures. "Locus provides autonomous supply chain optimisation, thus, minimising the dependency on human intelligence, built by an incredible team of PhDs and engineers... The funding will act as a boost to our global expansion efforts as we amplify our team size specifically in North America and continue to build our IP," Locus CEO Nishith Rastogi said. After India, the company started expanding its presence in North America and Southeast Asia in 2018. The new round of funding will help Locus penetrate deeper into new markets by ...

14May By AdityaNo Comments

FUNDING

Brain imaging AI company raises $18 million funding

LEUVEN, Belgium and GENEVA and BOSTON-- icometrix, the global expert in brain imaging Artificial Intelligence solutions, has raised $18 million through a partnership led by Forestay Capital alongside Optum Ventures and existing investor Capricorn Venture Partners. icometrix's icobrain software extracts meaningful information from brain MRI and CT scans of patients with neurological disorders, such as multiple Sclerosis, Alzheimer's disease and dementia, and traumatic brain injury. The icobrain AI solutions are already used in more than 100 hospitals and imaging center networks worldwide, and in clinical studies by 4 out of the Top 5 pharmaceutical companies. "With icobrain, medical images can be read faster, more consistently and in a ...

JP Morgan invests in Payment Startup to improve B2B payments

13May By AnkitaNo Comments

FUNDING

JP Morgan invests in Payment Startup to improve B2B payments

Global PayEx announced strategic investment by banking and financial services provider JP Morgan that will help the latter's clients experience clearer electronic invoice presentation and quicker reconciliation. Global PayEx is a provider of electronic invoice presentment and payment (EIPP) in B2B payments space. It offers a cloud based platform, Freepay, to facilitate electronic sharing of invoices, handling of payments and management of transaction information between business to business (B2B) buyers and sellers, a release said. "This investment is a great example of our commitment to address our clients' specific concerns in the B2B payments space, which continues to grow at an exponential pace," Sridhar Kanthadai, Head of wholesale payments for Asia Pacific, JP Morgan said. ...

13May By AnkitaNo Comments

FUNDING

Singapore Online Food Company Grain Raises $10 million funding

Singapore based an online food company Grain has raised $10 million Series B funding. The investment round was a mix of equity and venture capital. The funding round was led by Singha Ventures and Genesis Alternative Ventures, Sass Corp, K2 Global, FoodXervices and Majuven. Existing investors including Openspace Ventures, Raging Bull (founded by Ivan Lee) and Cento Ventures also participated in this round. The new investment will be used to build infrastructure to support revenue of $100 million and ramp up growth in Singapore. At the same time, Grain plans to expand to other Asian cities, with Bangkok being the first on the roadmap. Bhurit Bhirombhakdi, Chairman of the executive board at Singha Ventures, said, "We see great potential in Grain, and believe that our collabo...

9May By AdityaNo Comments

FUNDING

TagBox raises $3.85 mn from TVS Motor

TVS Motor Company has invested USD 3.85 million (about Rs 26.69 crore) in TagBox, a machine learning platform company as part of its Series A funding round. This round was entirely led by TVS Motor Company and its Singapore based subsidiary TVS Motor (Singapore) Pte Limited, the company said in a statement on Wednesday. The current investment in Tagbox is part of the initial set of investments, being made in strategically relevant digital startups, it said. TagBox plans to use the funds to strengthen product innovation and R&D, while expanding its global footprint, it added. Launched in 2016, Tagbox Solution provides a coldchain solution, food spoilage, product damage, real-time signal for theft and pilferage. TagBox was started with the vision of enabling organizations...

8May By PriyankaNo Comments

FUNDING

Shree Raises $11.5 million Funding from Alpha Capital

SHR Lifestyles, which owns women's ethnic wear brand Shree has raised $11.5 million from Alpha Capital Advisors. Shree will use the funding to further deepen its reach in existing markets and open up new geographies, the company said in a statement. Also, the brand will expand its operation in states like Kerala, Tamil Nadu, Karnataka, Maharashtra, Gujarat, Punjab, Uttar Pradesh, Himachal Pradesh, Haryana and Madhya Pradesh. "We will be deploying the funds to expand our distribution network by setting up new retail stores, scale up our business geographically, add senior talent and increase our customer base," SHR Lifestyles Chairman and MD Sandeep Kapoor said. The partnership will further help the brand materialise its vision of growing to over 300 company stores in the near...

On demand delivery startup raises $1 billion from Softbank

7May By AdityaNo Comments

FUNDING

On demand delivery startup raises $1 billion from Softbank

BOGOTÁ, Colombia-- Rappi, an on-demand delivery startup operating in Latin America, today announced an investment of up to $1 billion from SoftBank Group Corp. (“SBG”) and SoftBank Vision Fund (“Vision Fund”). The investment marks the largest technology financing to date in a Latin America-based company. SBG and the Vision Fund will each invest up to $500 million in Rappi. “SoftBank’s vision of accelerating the technology revolution deeply resonated with our mission of improving how people live through digital payments and a super-app for everything consumers need. We will continue to focus on building innovations for couriers, restaurants, retailers and start-ups that translate into new sources of growth" Founded in 2015, Rappi has emerged as the leading service app in the L...

Ola Electric Raises Funds from Ratan Tata

6May By NitishNo Comments

FUNDING

Ola Electric Raises Funds from Ratan Tata

Ratan Tata, Chairman of Tata Sons, has invested in EV business of Ola called Ola Electric Mobility (OEM). The investment is a part of OEM's series A round of funding. Ratan Tata invests personally in Ola Electric, the statement said. But the details of the funding were not disclosed. "His investment in Ola Electric will bring his deep experience and mentorship to the company's ambitions to make electric mobility viable at scale," it added. Tata is also an early investor in ANI Technologies, Ola's parent company. He had invested in ANI Technologies in July 2015. In March this year, OEM had announced raising Rs 400 crore in a funding round led by Tiger Global and Matrix India. The electric vehicle ecosystem is evolving dramatically every day, and I believe Ola Electric will pl...