FUNDING | Pixr8 News

Bengaluru-based Daily Tasks Management App Dunzo Raises Rs 7 crore

10Nov By Gauri SinghNo Comments

FUNDING

Bengaluru-based Daily Tasks Management App Dunzo Raises Rs 7 crore

Dunzo, a daily tasks management app based in Bengaluru has reportedly secured funds amounting to Rs 7 crore ($962,500) in a funding round. This funding round was led by venture debt firm Alteria Capital. The company plans to utilize these funds for general corporate purposes and to expand its services, the filings stated. The company is run by Dunzo Digital and according to the filings with the Registrar of Companies, it raised this sum early this month by issuing secured non-convertible debentures. Prior to this, Dunzo raised $12. 3 million (Rs 80.8 crore) in a Series B funding round in December 2017 led by ed by global technology giant Google. The deal also marked Google’s first direct investment into an Indian company. The company was founded by Biswas, Ankur Aggarwal, Dalvi...

Data Platform Datacoral Raises $10 Million in Series A Round

9Nov By Gauri SinghNo Comments

FUNDING

Data Platform Datacoral Raises $10 Million in Series A Round

A serverless data platform Datacoral has raised funds amounting to $10 million Series A financing round. This round was led by Madrona Venture Group. Along with this, existing backer Social Capital also participated in this particular funding. The company is planning to use the funds so raised to grow its business team in order to be able to reach more potential customers and to expand its engineering team. The company offers enterprises an end-to-end data infrastructure that will allow businesses and their data scientists to focus on generating insights over having to manage and integrate their data sources. “We have built a platform that easily and automatically brings together data from different applications and databases, organizes that data in any query engine and acts on insi...

Social Commerce Platform Meesho Raises $50 Million in Series C Round

6Nov By Gauri SinghNo Comments

FUNDING

Social Commerce Platform Meesho Raises $50 Million in Series C Round

A Bengaluru-based social commerce platform Meesho has reportedly raised an amount of $50 million in a Series C funding round. Following this funding round, the valuation of the company has reached between $200 million and $250 million. This particular round was led by Shunwei Capital, Yuri Milner’s DST Partners and RPS Ventures. Along with this, exisiting backers like Sequoia India, SAIF Partners, Venture Highway and Y Combinator also participated in this round. “We want to simulate the exact experience that happens offline,” Meesho co-founder and CEO Vidit Aatrey stated. “Sellers have the liberty to sell to 10 different people at 10 different prices.” The company is planning to use these funds to go deeper into its existing areas of business that includes offering more product catego...

Dubai-based VC firm BECO Capital Raises $10 Million from IFC

5Nov By Gauri SinghNo Comments

FUNDING

Dubai-based VC firm BECO Capital Raises $10 Million from IFC

Dubai based venture capital firm BECO Capital has reportedly raised an amount of $10 million for its second fund from the popular International Finance Corporation (IFC) which is a member of World Bank Group. This investment is basically a part of an effort to support technology start-ups and drive innovation across the Middle East and North Africa. According to the reports, this particular fund is being anticipated to reach up to $100 million. If BECO does close the fund with $100, it would be one of the largest in the region. “Our vision at BECO is to improve the region through technology entrepreneurship and innovation,” said Dany Farha, the Managing Partner of BECO Capital. “With IFC as a partner, we will have the firepower to continue fueling and igniting liftoff for MENA’s disrup...

3Nov By Gauri SinghNo Comments

FUNDING

Top Five Funding of the Week (29th Oct – 3rd Nov)

As we all know that funding is a major part of the startups. Every now and then we hear one or the other startup raising funds for expansion or various other purposes. So, every week we come up with the top five funding activities of the week that took place in the startup world. This week was also quite active in terms of funding activities and the company that raised the maximum amount of funds was financial research platform Sentieo that raised an amount of $19 million. Let’s now have a look on the top five funding activities of the week: 1) Captain Zack A pet care grooming startup called Captain Zack has raised an amount of $1.5 million in Pre-Series A round. The particular funding round was led by industrialists Kushal Desai and Chaitanya Desai through ...

2Nov By Gauri SinghNo Comments

FUNDING

Ad Analytics Startup Edo Raises $12 Million in Series A Funding

US-based ad analytics startup Edo has raised funds amounting to $12 million in Series A funding round. The particular round was led by Breyer Capital. Along with this, Vista Equity co-founders Robert Smith and Brian Sheth participated in the round, as did WGI Group. “For more than a decade I’ve watched the data science talent arbitrage transform industries from finance to defense, from transportation to commerce,” Breyer said. “We needed someone to bring these capabilities to bear on the systemic inefficiencies and methodological shortcomings of measurement and analytics in media and advertising.” On the customer side, Edo is already working with ESPN, Turner, NBCUniversal and Warner Bros. I wondered whether some of the TV networks might have been worried about what Edo would reveal a...

Petcare Startup Captain Zack Secures $1.5 million Funds

1Nov By Gauri SinghNo Comments

FUNDING

Petcare Startup Captain Zack Secures $1.5 million Funds

A pet care grooming startup called Captain Zack has raised an amount of $1.5 million in Pre-Series A round. The particular funding round was led by industrialists Kushal Desai and Chaitanya Desai through their family office. The company is owned by EM Personal Care and is based out of Mumbai. It is planning to use the funds raised in this round in marketing and brand awareness. Along with this, backers like Naval Bir Kumar – erstwhile head at IDFC Asset Management & Standard Chartered Asset Management, Sunil Agarwal, owner - entrepreneur at Joy Cosmetics and experienced investment banker Ketan Shah, who manages Panini Advisors LLP also participated in this round. Mohit Lalvani, MD & Founder of EM Personal Care stated that this industry currently is not so popular in India...

31Oct By Gauri SinghNo Comments

FUNDING

Financial Research Firm Sentieo Raises $19 Million in Series A Funding

Financial research platform Sentieo that is based in San Francisco and Delhi has secured funds amounting to $19 million (about Rs 140 crore) in its Series A round of equity funding. This particular funding round was led by growth equity firm Centana Growth Partners. Along with this, the three-year-old company counts a host of leading corporate executives and investment managers among its backers. The company’s existing investors also participated in this round. “We are incredibly excited to join them as they grow into a major player in the financial research technology industry, a market that is long overdue for the kind of innovation that Sentieo is providing,” Eric Byunn, partner at Centana Growth partners said. The company is planning to use the funds so raised to expand global gro...

Germany-based E-Scooter Startup Raises $12 million from Ponooc

30Oct By Gauri SinghNo Comments

FUNDING

Germany-based E-Scooter Startup Raises $12 million from Ponooc

Germany-based startup Unu has secured an amount of $12 million in a financing round. This particular round was led by Ponooc. The round also saw participation from existing backers like Capnamic Ventures, Iris Capital, Michael Baum and NRW.BANK. With this, the company is planning to to release a second generation of its product, however, it hasn’t disclosed much yet. Unu is working on connected vehicles so that Unu could work with scooter-sharing services. The company is basically concerned with been building electric scooters and is working on new products and services. For the past five years, Unu has sold 10,000 scooters. The company is one of the most popular and successful European manufacturers of electric vehicles with Govecs, BMW and others. In comparison with electric car...

Singapore-based AnyMind Raises $13.4 Million for Expansion

29Oct By Gauri SinghNo Comments

FUNDING

Singapore-based AnyMind Raises $13.4 Million for Expansion

A Singapore-based AI company AnyMind Group has secured funds amounting to $13.4 million in a funding round. This round was led by Line, the Japanese messaging app firm, and Mirai Creation Fund, which is backed by Toyota among others. The company that uses AI in online advertising, HR and marketing is planning to use these funds for its growth in Japan and other Asian markets. Other backers such as JAFCO and Dream Incubator also took part in this round. AnyMind uses AI to offer ad solutions to publishers and advertisers and also to its newer businesses TalentMind (HR) and CastingAsia, influencer marketing. Founded in April 2016 by Kosuke Sogo and Otohiko Kozutsumi the company claims to be profitable since early 2017. It said total revenue for 2017 was $26 million, up from $12.9 millio...

27Oct By Gauri SinghNo Comments

FUNDING

Top 5 Funding of The Week (22nd Oct – 27th Oct)

Funding activities have been growing a lot for a long time and with more and more startups coming in operation, the investors are also getting a boost. The last week saw a good number as well as the amount of fundraising activities in which various important companies took part. The company that raised the maximum amount of funds this week was Epic Games, the company that created video game sensation “Fortnite”. It raised $1.25 billion in funding from investors including KKR & Co, Iconiq Capital and Smash Ventures. This funding round has been one of the highest valued ones in a long time. Let us now have a look on the top five funding activities of the week. 1) VideoKen Artificial intelligence-powered video-learning platform VideoKen ...

Gaming Company Epic Games Secures $1.25Bn from KKR, others

27Oct By Gauri SinghNo Comments

FUNDING

Gaming Company Epic Games Secures $1.25Bn from KKR, others

Epic Games, the company that created video game sensation "Fortnite" has secured funds amounting to $1.25 billion in funding from investors, including KKR & Co, Iconiq Capital and Smash Ventures. "Fortnite," a sort of hybrid of "The Hunger Games" and "Minecraft," drops 100 people onto an island to fight each other for survival. It is a tactical tournament game, whose first version was released in 2017. The game has been called an industry "game-changer" by analysts as it signed up tens of millions of users for its last-player-standing "Battle Royale" format. According to the reports of the Wall Street Journal, Epic Games has been valued at almost $15 billion after the new investment round. The company counts Tencent, Walt Disney and Endeavor among its minority shareholders, was esti...