FUNDING | Pixr8 News

16Apr By NitishNo Comments

FUNDING

Kuvera Raises $4.5 million in Series A funding

Kuvera, a mutual fund investment platform raises $4.5 million Series A funding from Eight Roads, the investment arm of Fidelity International. This company will use funding to build its team and expand its product portfolio and Mr. Alokik Advani, head of Eight Roads Fintech Strategic Investments, will join the board of Kuvera. Bengaluru based Kuvera manages more than Rs 3,000 crore in mutual fund investments using artificial intelligence (AI) to help customers secure better returns and enhance its product and service range to reduce the costs. Kuvera is a zero-fee mutual fund investment platform that provides an option to set investment goals. “With Eight Roads as an investor, we will continue to innovate and expand our advisory offering across financial products. We have an...

13Apr By AdityaNo Comments

FUNDING

Travel platform Tripoto raises $3.6 million funding

Travel community platform Tripoto has raised $3.6 million (₹25 crore) funding from Orchid India and existing investors. The funds will be utilised to scale up Tripoto's community and marketplace. The new areas of growth that the company is focusing on are vernacular content, short video and influencer commerce, leveraging the strength of this flourishing community, Tripoto said in a statement. Since its inception, the company has raised a total of ₹50 crore, it added. Existing investors in the company are Chiratae Ventures, 3one4 Capital and Lasmer NV. "Our aim is to scale both B2C and B2B side of the platform. On the consumer front, we want to capture the entire life-cycle of a traveler- everything from getting inspired, discovering, planning and finally, carrying out...

11Apr By PriyankaNo Comments

FUNDING

CleverTap raises $26 Million Funding Led by Sequoia India & Tiger Global

SAN FRANCISCO-- Customer lifecycle management platform, CleverTap, today announced a $26 million Series B funding round, led by Sequoia India with participation from new investor, Tiger Global Management, and existing investor Accel. The funds will be used to accelerate CleverTap's data science-driven product capabilities and scale to meet fast-growing demand for its customer lifecycle management platform. The new funding brings the company's valuation to more than $150 million. CleverTap's platform enables businesses to deliver omnichannel experiences to millions of their customers in real time. Using CleverTap's proprietary big data and artificial intelligence engine, businesses can analyze billions of user actions, providing marketing and growth teams with immediate customer...

10Apr By AdityaNo Comments

FUNDING

Klook Raises $425 million Funding from Softbank Vision Fund

Klook, a world leading travel activities and services booking platform has raised $225 million in Series D round. The funding round was led by SoftBank Vision Fund with participation from existing investors, including Sequoia China, Matrix Partners, TCV, and OurCrowd. This is the biggest round of funding in the global travel activities and services industry. In just four years, Klook has become the most searched travel activities and services company on Google. In the last year, the Hong Kong-based company expanded its global footprint into Australia, Europe, and the United States to deliver new, unique and exciting consumer experiences. Klook also entered into major global partnerships with Shangri-La Hotels and Resorts, Asia Pacific's leading luxury hotel group; and ...

Paypal First time invested in a Blockchain Startup

6Apr By AdityaNo Comments

FUNDING

Paypal First time invested in a Blockchain Startup

Leading online payment transaction platform PayPal has made its first-ever investment in a blockchain technology company known as Cambridge Blockchain. Cambridge Blockchain helps financial institutions and other companies manage sensitive data using shared ledgers. The company has raised Series A funding. Neither PayPal nor Cambridge Blockchain answer the mail sent by Pixr8 team during the publishing of this article. In a recent filings with the SEC Cambridge Blockchain mention that it has raised $7 million close of its Series A in May of 2018 from HCM Capital, the VC arm of Foxconn, which manufactures the iPhone for Apple, as well as Digital Currency Group. The total capital raised by the Cambridge Blockchain is $10.5 million. The subsequent $3.5 million came from PayPal ...

6Apr By NitishNo Comments

FUNDING

Sqreen Closes $14 Million Series A Funding Round Led by Greylock Partners & Y Combinator

SAN FRANCISCO- Sqreen, the industry’s first provider of Application Security Management (ASM), today announced the close of a $14 million Series A funding round led by Greylock Partners with Y Combinator and previous investors Alven Capital and Point Nine also participating. Greylock partner Sarah Guo joins the board. To date, Sqreen has raised more than $18 million in total funding. Sqreen’s ASM platform, used to protect more than 500 companies around the world today, is a modern approach to security in production for web applications and cloud workloads. ASM leverages microagents embedded in applications to identify and automatically protect against threats in real time. Sqreen is easy to use and deploy. With no software code modifications, Sqreen can be up and running and p...

Cryptocurrency Platform Liquid.com becomes Unicorn

4Apr By AnkitaNo Comments

FUNDING

Cryptocurrency Platform Liquid.com becomes Unicorn

Global cryptocurrency platform Liquid.com raises Series C funding that puts the company valuation at over $1 billion. This valuation establishes Liquid as one of only two tech unicorns in Japan's startup space. Founded in 2014, Liquid has achieved unicorn status in less than five years. This latest round of funding is led by investment firm IDG Capital, with participation from the world's largest maker of cryptocurrency mining rigs, Bitmain Technologies. This investment in Liquid marks an addition to IDG's current portfolio of crypto investments, which include Coinbase, Ripple, Bitmain and Kakao's crypto unit. This deal marks the latest investment for Bitmain this year into a regulated digital asset trading platform, following their investment into ErisX, another deri...

New Street Technologies raises USD $2 Million

4Apr By AdityaNo Comments

FUNDING

New Street Technologies raises USD $2 Million

Bengaluru, March 25, 2019: Bengaluru-based technology company New Street Technologies has raised a USD 2 million investment led by Unitus Ventures & Other investors including Mohit Davar, Chairman, International Association of Money Transfer Networks etc. Founded in August 2017, New Street Technologies builds and operates blockchain enabled platforms for institutional clients. The company’s flagship platform – MIFIX brings together, banks, business correspondents and cash outlets to efficiently originate and manage credit through easy integration with existing systems and processes. MIFIX has a wide range of customers such as banks, non-banking financial corporations, and money transfer operators / networks in India and overseas. It is estimated that the market for sma...

Logistics Startup Baxi-Fresh Raises 2 Crore INR

3Apr By AdityaNo Comments

FUNDING

Logistics Startup Baxi-Fresh Raises 2 Crore INR

Delivery start-up Baxi-Fresh has raised Rs 2 crore from its existing investors, including Alok Mittal, founder and CEO of Indifi Technologies, Nitin Singhal, a UK-based angel investor and Mahendra Pratap, founder and CEO of Shiksha Infotech. The company said it aims to use the funds to expand and launch its delivery services in 200 residential neighbourhoods in Gurugram and New Delhi by July this year. "With this bridge investment we will quickly scale our operations. The money will be used to hire key team members, market the service and strengthen our operations as we gear up to cover the entire Delhi-NCR region over the next few quarters," Baxi-Fresh founder and CEO Ashutosh Johri said. Baxi-Fresh employs part-time delivery staff who deliver milk, groceries and other household...

Venuelook, an online marketplace for booking venues raises pre-series A

2Apr By AdityaNo Comments

FUNDING

Venuelook, an online marketplace for booking venues raises pre-series A

New Delhi: Venuelook, an online-to-offline (O2O) platform and marketplace for venue aggregation, recommendation and booking has raised an undisclosed amount in their pre-series A funding from marquee angel investors and successful entrepreneurs like Srikant Sastri (Co-founder, Crayon Data), Shailesh Rao (Senior Advisor - TPG; McKinsey & Co; Board Member - JLL), VP Rajesh (Managing Partner - Banyan Capital Advisors LLP) and Vishal Sampat (Founder of Convonix). Venuelook’s proprietary aggregation and AI backed algorithms help identify and match customer requirements with the best venue options available, thus simplifying the venue discovery and booking process for wedd...

1Apr By reutersNo Comments

FUNDING

Airbnb invests in OYO’s series E funding round

Home-renting company Airbnb has invested in Indian hotel reservation start-up OYO's series E funding round, as it dives deeper into the hotel-booking business. Airbnb did not disclose the details of its investment in OYO, however, as per sources, the round is close to between $100-$200 million. It expects revenue to more than treble every year over the next five years, as it expands locally and in international markets, a senior company executive told Reuters earlier this year."Airbnb's strong global footprints and access to local communities will open up new opportunities for OYO Hotels & Homes..." said Maninder Gulati, global chief strategy officer at OYO Hotels & Home. U.S.-based Airbnb will look at ways to make the OYO accommodation available on its platform, the c...

1Apr By NitishNo Comments

FUNDING

Zivame Closes around $8 million in Series C Funding

Online lingerie brand Zivame raises around $8 million additional funding as part of a bridge round, led by Zodius Technology Fund and a group of high net worth individuals. The latest fund infusion, which is part of the company's Series C funding, will be followed by a larger round later in 2019. Zivame, however, did not disclose details of the larger round that is being planned. "The funding will enable us to further enhance our footprint and leadership in existing and newer markets as we continue to build on our mission to be the destination for women for all her intimate needs. We continue to build the category as the Indian lingerie market is largely unorganised and under-served," Zivame Chief Executive Officer Amisha Jain said.She added, that the funds would be used for ongoin...