FUNDING | Pixr8 News

3May By PriyankaNo Comments

FUNDING

Checkout.com Raises $230m in Series A funding

3rd May 2019, London-- Checkout.com, the global payment solutions provider has raised $230m in what is Europe’s largest fintech Series A round ever, and globally the third largest fintech Series A round of all time. The investment round was led by growth investors Insight Partners and DST Global. Singapore’s sovereign wealth fund GIC, Blossom Capital, Endeavor Catalyst and other strategic investors are also participating in the round. Checkout.com will use the funding to continue its rapid growth in Europe, the US, and the Middle East, with further expansion into Asia and Latin America. The fintech platform is the seven year old UK business, which is transforming the world of digital commerce by providing merchants with a solution that enables payments across all geographies and ...

2May By PriyankaNo Comments

FUNDING

Zenoti Raises $50 Million funding from Tiger Global

Washington-- Zenoti, the leading enterprise cloud platform for the beauty and wellness industry, raises $50 million Series C funding led by Tiger Global Management with participation from Norwest Venture Partners and Accel. Zenoti has thousands of customers spanning 44 countries. Using this investment, Zenoti to accelerate the pace of innovation to reshape the industry, to expand into both existing and new geographies and to continue hiring top talent. With today’s funding, Zenoti has raised a total of $71 million. "The beauty and wellness markets are large and growing. Zenoti is improving productivity for many salon and spa operators, and we are excited to partner with Sudheer and his team as they continue innovating,” said Scott Shleifer, Partner at Tiger Global. Reshapi...

2May By AdityaNo Comments

FUNDING

1-India Family Mart raises INR $2.87 million debt funding

New Delhi, May 02, 2019: 1-India Family Mart, a fast growing value retail chain owned by Nysaa Retail Private Limited offering affordable and fresh fashion apparels, lifestyle products and general merchandise has raised debt funding worth $2.87 million (INR 20 crores). The funding, led by APAC Financial Service Private Limited will be leveraged by the company for expanding to newer geographies as well as for its working capital requirements. Endeavouring to match the fashion aspirations of individuals living in small towns which they can afford, 1- India Family Mart currently stands strong with 90 stores across 81 cities of Eastern and Northern India; generating revenue over INR 400 Crores. Commenting on securing the funds, Deepak Sharma, Chief Financial Officer, 1-India Family M...

1May By AnkitaNo Comments

FUNDING

Blackbuck an Online Marketplace for Trucking raises $150 million funding

BlackBuck, an online marketplace for trucking has raised USD 150 million funding led by Goldman Sachs Investment Partners and Silicon Valley-based Accel. Wellington, Sequoia Capital, B Capital, and LightStreet were the other new investors also participated in the funding round. The latest round, which takes the total quantum of funds raised by the company to over USD 230 million, also saw participation from existing investors Sands Capital and International Finance Corporation, the investment arm of the World Bank, the statement added. BlackBuck plans to deploy these funds to penetrate deeper into the national freight transportation market, investing heavily in technology, boosting product and data science capabilities. "As part of this round, the employees at BlackBuck have ac...

Harsha Bhogle invests in FinTech Startup ChqBook.com

30Apr By PriyankaNo Comments

FUNDING

Harsha Bhogle invests in FinTech Startup ChqBook.com

Delhi, 29th April 2019: One of the most renowned names from the cricketing world, Harsha Bhogle, comes on board as an investor at ChqBook.com, India's largest curated market place for personalized financial services. Harsha has invested an undisclosed amount in the Gurgaon based startup that allows customers to explore, compare and buy personal finance products such as personal loans, home loans and credit cards. Over his career of 30 years, Harsha has delivered an unbiased and honest view of the sport. An IIM Ahmedabad alumnus, his management background has helped him integrate his learning from the field and life in a winning combination. Speaking about his association with ChqBook, Bhogle says, “ChqBook is on a mission to make India financially fitter. With 40% of the populat...

Milkbasket raises $2.86 million from Flipkart Cofounder Sachin Bansal

30Apr By PriyankaNo Comments

FUNDING

Milkbasket raises $2.86 million from Flipkart Cofounder Sachin Bansal

India's leading online e-commerce platform Flipkart (now owned by Walmart) co-founder Sachin Bansal's firm BACQ invested $2.86 million (20 Crore INR) debt investment in daily grocery delivery service Milkbasket. The investment cycling will happen for a period of three years. "We are excited to have Sachin Bansal and BACQ on board. We have raised venture debt of Rs 20 crore for period of three years from BACQ," Anant Goel, Co-founder and CEO of Milkbasket said. Milkbasket has raised close to $16 million (about Rs 111 crore) from Mayfield Advisors, Beenext, Kalaari Capital, Unilever Ventures, Lenovo and Blume Ventures. It recently acquired Veggie India to further deepen its footprints in Delhi-NCR. "The venture debt will be used for investment in automation. We will also use it ...

29Apr By NitishNo Comments

FUNDING

Pune based IoT platform Altizon raises $7 million funding

Altizon Inc, a global industrial IoT platform company addressing the manufacturing industries, today announced the closure of its series A+ funding round of $7Mn. This important round was led by TVS Motor Company (Singapore) Pte. Limited, the Singapore based Subsidiary of TVS Motor Company Limited and participated by existing investors The Hive, Wipro Ventures, and Lumis Partners. “The Industrial IoT market continues to expand at a rapid pace and this investment brings on board TVS Motor Company which is the flagship company of the multi-billion $ TVS Group, with deep experience building companies in the industrial sector,” said Vinay Nathan, CEO of Altizon. Vinay further added, “We have a strong roster of global industrial majors as our customers and they can now gain further benefit f...

PayPal to invest $500 million in Uber before IPO

29Apr By reutersNo Comments

FUNDING

PayPal to invest $500 million in Uber before IPO

Online payments company PayPal Holdings Inc plans to invest $500 million in Uber Technologies Inc as the ride-hailing firm readies to unveil terms for its initial public offering on Friday, Refinitiv IFR reported. PayPal will invest in Uber through a concurrent private placement at the IPO price, IFR reported on Thursday, citing sources. A financial services component is important to Uber as it works to expand into a "superapp" of logistics and transportation services. Superapps are applications where customers go for a range of services, such as transportation, shopping, and payments. Such companies can be much more lucrative than those that offer just one core business or service. Uber is expected to tell investors it will seek to be valued at between $80 billio...

25Apr By PriyankaNo Comments

FUNDING

Ninjacart Raises $89.5 Million funding from Tiger Global

After CEO Lee Fixel exit, Tiger Global takes first investment opportunity in Indian B2B startup Ninjacart. America based venture capital invested $89.5 million in agritech startup Ninjacart as per the data shows in regulatory filings from registrar of companies (RoC). NinjaCart which delivers and market agricultural produce given 26.5% stake to Tiger Global. After this round of funding, Ninjacart valued close to $320 million. This is the biggest one time investment by Tiger global in an Indian startup, previous large initial investments were Ola ($57.5 million), Delhivery ($43.6 million) and Hike ($43.2 million). Founded in 2015 by Thirukumaran Nagarajan, Ashutosh Vikram, Kartheeswaran K.K., Sachin Jose and Sharath Loganathan, NinjaCart connects farmers to end retailers an...

Healthtech Startup mfine Raises $17.2 Million in Series B round

23Apr By NitishNo Comments

FUNDING

Healthtech Startup mfine Raises $17.2 Million in Series B round

mfine, a health-tech AI startup raises $17.2 million in Series B funding led by Japan-based venture capital firm and SBI investment. Singapore-based SBI Ven Capital which is SBI Group's Southeast-Asian investment arm and tech-focused global venture capital firm BEENEXT also participated in the round alongside existing investors, Stellaris Venture Partners and Prime Venture Partners. Over 100,000 customers have consulted on mfine in the last 15 months and customer base is growing 30% month over month. More than 500 MD/MS doctors, including some of India's top doctors from over 100 reputed hospitals practice across 20 specialties on mfine. Collectively, they have been able to expand their reach beyond the physical boundaries of the cities and have served over 800 towns in India. On ...

23Apr By AdityaNo Comments

FUNDING

Lending Startup ZestMoney raises $20 million funding

Bengaluru-based lending startup ZestMoney has raised $20 million in fresh funding led by Washington based fintech investment firm Quona Capital. Australia based fintech investor group Reinventure, existing investors Ribbit Capital, Omidyar Network and PayU are also participate in this round. The company will use this fund to invest in tech space and hiring. As per the press release, ZestMoney will hire 60 engineers and 20 data scientists in one year and improve integration with partner NBFCs and online retailers with whom it offers EMI options to customers. “Quona and Reinventure are both specialist fintech venture funds. There’s definitely a lot of momentum in our space right now, with everyone in e-commerce talking about affordability through EMI and we’re just riding off t...

Bike rental startup Bounce raises $3 million

23Apr By PriyankaNo Comments

FUNDING

Bike rental startup Bounce raises $3 million

Bike rental startup Bounce has raised $3 million in debt funding from existing investors Innoven Capital. The funding will use to expand its operation. Till date, Bounce raised over $22.5 million in two rounds and the total debt funding from Innoven is now $6 million. As per the news, the bike rental is also in talks with Facebook co-founder Singapore based fund for further investment. Founded in 2014, the Bengaluru based Bounce has a fleet of 5,000 keyless bikes. Bounce offered premium motorcycle rentals under the Wicked Rides banner, it later added commute bikes under the Metro Bikes label, re-branded as Bounce in August 2018. Bounce currently claims to complete 24,000 rides a day and more than 1.9 million rides since inception. Since the start of its service in September 2...