FUNDING | Pixr8 News

8Jan By PriyankaNo Comments

FUNDING

Innerchef Raises $6.5 Million in a Pre-Series B Funding

India based shared Cloud-kitchen Platform, InnerChef, today announced that it has successfully completed its Pre-Series B funding round, raising $6.5 million (INR 43 crore) to further solidify its position in the fast-growing food tech space. Multiple investors including Mistletoe, Das Capital, Saha Capital, M&S Partners and Brand Capital participated in this financing round. InnerChef has raised a total of over $10M in funding so far. Its lead investor is Mistletoe, a Japanese investment firm by serial entrepreneur Taizo Son. Rajesh Sawhney, Founder and CEO, InnerChef, says, “InnerChef’s multi-brand strategy has delivered outstanding results in 2018. The fresh funding will be used to strengthen the brand portfolio. Healthie, for instance, has become a category-defining brand...

7Jan By Press Trust of IndiaNo Comments

FUNDING

Indian Startups raise $38.3 bn Funding in 2018: Report

New Delhi: Indian startups are estimated to have raised $38.3 billion in funding in 2018, behind only the US and China, a report by Yostartups said Thursday. Flipkart’s $16 billion deal with American retailer Walmart accounted for the biggest piece of the pie, followed by Swiggy raising about $1.3 billion over three deals, and OYO picking up $1 billion in 2018, the report said. Other big funding deals included those by Paytm Mall ($895 million), ReNew Power ($495 million), Byju’s ($422 million) and Zomato ($410 million). Around 1,000 deals were signed by Indian startups in 2018 with areas like e-commerce, fintech, sustainability and renewable energy, transportation and logistics, health and wellness, and travel and tourism attracting the highest investments, it adde...

4Jan By NitishNo Comments

FUNDING

India’s leading Automobile Portal Cardekho Raises $110 Million Series C Funding

CarDekho, the flagship portal of GirnarSoft, on Thursday said it has raised USD 110 million (over Rs 770 crore) from various investors which it plans to utilise to expand its various business verticals. The company has raised the capital in a Series C funding with investments from Sequoia India, Hillhouse, CapitalG (Alphabet growth investment arm) and Axis Bank. “We plan to infuse the raised capital in used car business, insurance and finance verticals. These segments have huge potential to scale up and we are completely focused on getting them to a massive scale,” CarDekho CEO and co-founder Amit Jain told PIXR8 News. With this latest round of funding, the company has so far raised a total of USD 185 million, he added. CarDekho works directly with more than eight c...

29Dec By Gauri SinghNo Comments

FUNDING

Top Five Funding of the Week (24th Dec – 29th Dec)

Without funding, an entrepreneur cannot think of taking forward or flourishing his business, and thus, funding activity is a major part of any business. With this step, the business grows and flourishes to a great extent. This week was quite eventful in terms of funding activities and let us have a look on the top five funding activities of the week. DesignCafe Online interior design platform DesignCafe has raised funds amounting to Rs 200-crore equity-financing round. This round was led by home-grown private equity firm WestBridge Capital. The transaction marks a rare venture capital-style investment by WestBridge which has so far largely preferred to place public market-focused bets. Funds from the investment will be used by DesignCa...

Alibaba-backed Ride Hailing company Raised “millions of funds”

29Dec By Gauri SinghNo Comments

FUNDING

Alibaba-backed Ride Hailing company Raised “millions of funds”

Alibaba-backed Hellobike which is one of the largest bike-sharing apps announced that it raised “millions of funds” in a new funding round. The company declined to reveal details on the funding amount and use of the proceeds. The round was led by Ant Financial, the financial affiliate of Alibaba and maker behind digital wallet Alipay, and Primavera Capital, a Chinese investment firm that’s backed other mobility startups including electric automaker Xpeng and car trading platform Souche. The fledgling startup also got SoftBank interested in shelling out an investment, The Information reported in November. The fresh capital arrived about a year after it secured $350 million from investors including Ant Financial. It’s interesting to note that while both Ofo and Hellobike fall unde...

28Dec By Gauri SinghNo Comments

FUNDING

New-York based TrueFacet Raises $10 Million in Funding

New-York based TrueFacet that sells pre-owned authenticated watches and jewellery has reportedly raised funds amounting to $10 million in a fresh funding round. This round was led by partner Jason Stoffer, who also happens to sit on the board of Dolls Kill, an edgy clothing marketplace. The company claims to have more than 40,000 watches and 55,000 pieces of pre-owned authenticated watches and jewelry for sale at its site, and that has more recently begun offering pre-owned timepieces directly through brands like Fendi Timepieces, Raymond Weil and Roberto Coin. TrueFacet has some tough competition in the space, including Crown & Caliber, a six-year-old, Atlanta, Ga.-based company that has never announced outside funding, and 15-year-old, Germany-based Chrono24, which has raised ...

27Dec By Gauri SinghNo Comments

FUNDING

Bloom Hotels Raises Rs 100 crore in a Fresh Funding Round

Bloom Hotels has reportedly raised funds amounting to Rs 100 crore in a fresh round of funding. This round was led by Samena Capital, taking the principal investment group's stake in the company to 45%. Samena Capital had earlier invested Rs 100 crore in Bloom Hotels for 35% stake in the company in April this year. "With a view on keeping up with the company's accelerated growth and management's effective on the ground execution, Samena Capital has raised its Series B investment to Rs 200 crore within a few months after the initial investment into the company," Bloom Hotels said in a statement. The company is targeting signing a 100 hotels within the next 18 to 24 months as part of its first phase growth, it added. The additional capital will be utilised to complete...

Electric Scooter Maker Ather Energy Eyeing to Raise Funds for Development

27Dec By Gauri SinghNo Comments

FUNDING

Electric Scooter Maker Ather Energy Eyeing to Raise Funds for Development

Ather Energy is reportedly planning to raise an amount of Rs 200 crore - Rs 300 crore over the next year to expand to new markets and further its product development plans. Ather Energy had launched two scooters, Ather 450 and Ather 340, in June this year and had begun deliveries of Ather 450 in Bengaluru in September this year. This launch came nearly two years after it was first unveiled in February 2016. "We are looking at around 5-6 months to deliver our first production lot that will about around 2,000 vehicles" Ather Energy chief executive Tarun Mehta had stated. While both the scooters featured similar hardware at launch, Mehta had said they will be making a few hardware changes to differentiate the offerings in due course of time. Th...

DesignCafe Secures Rs 200 crore from WestBridge Capital

24Dec By Gauri SinghNo Comments

FUNDING

DesignCafe Secures Rs 200 crore from WestBridge Capital

Online interior design platform DesignCafe has raised funds amounting to Rs 200-crore equity-financing round. This round was led by home-grown private equity firm WestBridge Capital. The transaction marks a rare venture capital-style investment by WestBridge which has so far largely preferred to place public market-focused bets. Funds from the investment will be used by DesignCafe to expand its footprints in the country. The financing round also saw participation from existing investor Fireside Ventures, the early-stage, consumer-focused venture set up by former Helion Venture Advisors Partners’ managing director Kanwaljit Singh. Boutique investment bank Sprout Capital acted as the exclusive advisor to the deal. “We are very pleased to have WestBridge, o...

22Dec By Gauri SinghNo Comments

FUNDING

Top 5 Funding of the Week (17th Dec – 22nd Dec)

Funding is a very important part of a business and when an entrepreneur starts a business, the major source of expenditure for him is the funding he receives. This week, we saw the food delivery giant raising a huge amount of funds. So, let's dig into the details and have a look on the top five funding activities of the week. Swiggy India’s largest food delivery company Swiggy has reportedly raised an amount of $1 billion in a fresh funding round. The round was led by existing backer, South African media giant Naspers. Along with this, the new investors that participated in the round included China’s Tencent and hedge funds Hillhouse Capital and Wellington Management. With this new round...

CherryHome Secures $5.2 Million from GSR Ventures

22Dec By Gauri SinghNo Comments

FUNDING

CherryHome Secures $5.2 Million from GSR Ventures

CherryHome, the home AI security system created by startup Cherry Labs, has raised $5.2 million in a fresh funding round. This round was led by GSR Ventures to drive the technology’s use for in-home senior care. CherryHome uses its proprietary computer vision algorithms to interpret camera data into virtual “skeletons”. These are used by the AI to understand and analyze home events and people’s behaviors, such as how someone might develop a limp over time, for instance. The startup competes with Safely You, which sends alerts in response to very obvious falls, Nest and Lighthouse, which tend to only offer very basic AI over its imaging, Amazon’s Ring, which only offers outdoor security. With CherryHome, all information is processed locally so the video doesn’t leave the hous...

Venture debt firm Alteria Capital Backs Portea Medical

21Dec By Gauri SinghNo Comments

FUNDING

Venture debt firm Alteria Capital Backs Portea Medical

Health Vista India, which owns and operates home healthcare service provider Portea Medical has raised funds amounting to Rs 25 crore in a funding round. This round was led by venture debt firm Alteria Capital.The development has come days after Bengaluru-based Portea stated that it had introduced specialised and critical care services, including critical care at home, respiratory services, sleep apnea care, palliative care, cancer support services, post-trauma care, specialised rehab services and end-of-life care.“They (Alteria Capital) are quick to understand the needs of the business and are long-term partners. Venture debt is a great alternative source of capital for high-growth businesses like Portea,” Meena Ganesh, chief executive officer of Po...