FUNDING | Pixr8 News

19Sep By Gauri SinghNo Comments

FUNDING

Online Home Design Startup Livspace Raised $70 Million in Series C Funding

Online home design and décor company Livspace has raised an amount of $70 million in a series-C financing round. The particular round was led by private equity firm TPG Growth and Goldman Sachs. This has made it one of the largest funding rounds in the vertical e-commerce space in the recent times. The funding round also witnessed participation from investors such as Jungle Ventures, Bessemer Venture Partners and Helion Ventures. With this round, the valuation of the four-year-old startup has reached around $250-300 million. The funds raised through the round are being planned to be utilized in the process of strengthening the company’s offline footprint along with marketing and branding spends. Talking about the details, the company claims to have designed close to 6,000 homes si...

US-based RPA Firm Raises $225 million from CapitalG and Sequoia Capital

19Sep By Gauri SinghNo Comments

FUNDING

US-based RPA Firm Raises $225 million from CapitalG and Sequoia Capital

Robotic Process Automation (RPA) software company UiPath has secured funds amounting to $225 million in Series C funding. The round was co-led by existing investor CapitalG and new investor Sequoia Capital. Another investor that participated in the funding round included existing investor Accel Partners. This particular fundraise has valued the company at $3 billion, a three-fold increase from $1 billion valuation in March. The RPA firm plans to use these funds to gear up its India operations and for product development. Also, the company plans to increase its India workforce from 250 to 1,200 by end of 2019. Along with this, a part of funds will also be used to expand its presence to eight cities including Chennai, Pune, Hyderabad and Kolkata, while ramping up workforce across all f...

Ola Raises $50 Million to Compete With Uber in International Market

18Sep By NitishNo Comments

FUNDING

Ola Raises $50 Million to Compete With Uber in International Market

India's leading taxi aggregator Ola raises $50 million from Hong Kong-based Sailing Capital and the China-Eurasian Economic Cooperation Fund (CEECF). The SoftBank-backed company looking to battle against Uber in markets like India, the UK, and others. The latest funding round will make Ola's valuation around USD 3.7 billion and USD 4 billion. Ola, in an extraordinary general meeting held on August 31, 2018, approved the proposal to raise this amount through the issuance of 2,50,000 fully and compulsorily convertible preference shares, according to regulatory documents filed by Ola with the ministry of corporate affairs. Sailing and CEECF (state-backed investment fund of China) will together hold more than one per cent stake in Ola (run by ANI Technologies), it added. The lat...

18Sep By Gauri SinghNo Comments

FUNDING

UK-Based Setoo Raises $9.3 million in Series A Funding

A UK-based startup Setoo that turns insurance into a powerful business accelerator, transforming the online customer experience and generating new revenue streams, has reportedly secured funds amounting to $9.3 million in Series A funding round. The particular funding round was led by AXA’s ‘Insurtech’ startup studio, Kamet. This funding round has brought the total amount raised to date to $12 million. With these funds, the company plans to expand in every aspect and give an aggressive fight to its rivals such as ZhongAn, Moonshot and Qover. “In French ‘c’est tout’ means ‘that’s it’. My chose the name Setoo to symbolise how simple and quick it is to create effective new protections products using the platform, and the simplicity of the products created for the consumer. This investment...

15Sep By Gauri SinghNo Comments

FUNDING

Top 5 Funding of The Week (10th Sept – 15th Sept)

Like every week, we have come up with the glimpse of the top five funding activities that took place this week. As you might already know, funding is an essential part of a business, especially for the startups. Without funding, the startups cannot look forward to grow and expand as per their plans. This particular week was quite active in terms of fundraising. Various companies, startups raised a valuable amount of funds from well-known investors. The company that raised the highest amount of funds was AutoGrid. It raised $32 million in Series D funding. Well, lets now have a look at all the top five funding activities that made it to the list. 1) Bon Pune-based fintech startup Bon has reportedly raised funds amounting to $1.1 million (Rs 7.8 crore) in...

14Sep By Gauri SinghNo Comments

FUNDING

Tappp Secures Series-A Funding from ADvantage

A prepaid consumer marketplace Tappp, which offers global access to premium live sports content, has raised funds amounting to $5 million in Series-A funding. The round was led by global sports tech venture fund ADvantage. The round also witnessed participation from leading venture capital firms and sports technology investors such as Elysian Park (LA Dodgers fund), Accomplice, Go4it, Courtside VC and Sterling VC. “We intend to build a next generation platform that gives fans more access and control to their favorite sport, teams, and players,” Sandy Agarwal, the founder of Tappp said. The company is planning to utilize these funds for research and development in India. The company also plans to invest majorly in areas like artificial intelligence to match micro payments to specific ...

ShiftKarado Secures Rs 5 Crore from Star WorldWide Group

13Sep By Gauri SinghNo Comments

FUNDING

ShiftKarado Secures Rs 5 Crore from Star WorldWide Group

Gurugram-based tech-oriented packing and moving company ShiftKarado has raised Rs. 5 Crore in a funding round led by Star WorldWide Group and Promoters. Star WorldWide is a firm in international relocation and fine art and event logistics market. Founded in 1996, Star Worldwide Group is headquartered in New Delhi and is one of the leading companies in international relocation services, fine art handling, event & exhibition logistics and information management services. The funds so raised by the company are being planned to be used in deploying more resources and upgrade its services, for a better customer experience. The company stated that the funding was received in various rounds, with the final tranche coming this month. “We will be investing the funds to upgrade the techno...

A Fruit Snack Startup Raises Funds from Mumbai Angels Network & Others

13Sep By Gauri SinghNo Comments

FUNDING

A Fruit Snack Startup Raises Funds from Mumbai Angels Network & Others

Pune-based fruit snack company Frubites which is owned by Rev Snacks has raised an undisclosed amount of funds in a fresh funding round from Mumbai Angels Network and others. The company is planning to use these funds to strengthen the brand, expand distribution as well as expand product offerings across vegetables, nuts, and fruit. “We are looking to scale up this model rapidly by being present across as many points of sales as we can target through modern trade and online channels,” said Bharat Kulkarni, co-founder of Rev. Founded in 2018 by Bharat Kulkarni and Rohit Kulkarni, Rev produces ready-to-eat snacks by the help of freeze-drying technology that retains the flavour and nutrients of the fruit. The foodtech space is recently gaining a lot of attention and these companies ar...

12Sep By Gauri SinghNo Comments

FUNDING

Pune-based Fintech Startup Secures $1.1 million in Seed Funding

Pune-based fintech startup Bon has reportedly raised funds amounting to $1.1 million (Rs 7.8 crore) in seed funding. The particular round was led by Omidyar Network, Axilor Ventures and Better Capital’s AngelList India Syndicate. The funds raised by the company will be utilized towards helping the company’s further partnerships with banks, non-banking financial companies (NBFC). Also, it plans to expand its existence to 25 cities across India over the next 18 months and launch its operations in other markets in Asia as well. “Access to working capital is a real pain point for the growing gig workforce—one that can literally make or break a business of one. In India, where credit cards are not pervasive, this issue is even more prominent, as people don't really have a safety net to rely...

12Sep By Gauri SinghNo Comments

FUNDING

AutoGrid Secures $32 Million in Series D Funding Round

Bengaluru-based artificial intelligence company AutoGrid has reportedly secured funds amounting to $32 million in Series D funding. With this round, the total funding of the company as of now has reached $75 million. The new backers comprised of CLP Holdings Group, Innogy, Ørstead, Tenaska and others. Apart from these, the existing investors that participated in the round included Energy Impact Partners, Envision Ventures, Total Energy Ventures, Clearsky Power & Technology Fund, E.ON and Foundation Capital. “We are humbled by the trust and responsibility that some of the largest energy companies in the world are placing in us in their transformative journey towards a new energy future,” said Dr. Amit Narayan, AutoGrid chief executive officer. “We are excited by this investment, whi...

Indian Microfinancing Group Raises $5 Million From BlueOrchard

11Sep By AnkitaNo Comments

FUNDING

Indian Microfinancing Group Raises $5 Million From BlueOrchard

New Delhi based Micro-financing group, Satya MicroCapital raises close to $5 million (Rs. 34 crores) from leading Swiss impact investment manager BlueOrchard Finance Ltd. for on-lending to the Indian micro, small, and medium business sector. The funding comes equally from two BlueOrchard managed funds, the Microfinance Initiative for Asia (MIFA), which is the first microfinance initiative of its size to exclusively target Asian microfinance institutions, and the Japan ASEAN Women Empowerment Fund (JAWEF), which is the first fund investing with female micro-entrepreneurs in the Southeast Asian frontier and emerging markets. "Having grown at a considerable rate and expanded our presence across multiple regions in India, we are well on our way to becoming one of the leading microfinance...

Parenting Startup BabyChakra Raises Funds from Multiple Investors

10Sep By Gauri SinghNo Comments

FUNDING

Parenting Startup BabyChakra Raises Funds from Multiple Investors

Online parenting company BabyChakra has reportedly secured an undisclosed amount of funds in a funding round. The round was led by investors including Mark Mobius & Rajesh Sehgal backed Equanimity Ventures Fund, Facebook’s director Anand Chandrasekaran and OYO’s Chief Strategy Officer Maninder Gulati. The funds so raised will be utilized in strengthening the company’s region and vernacular segment. Other existing investors that participated in the round include Arihant Patni, Artha Ventures and Bharat Rawla. BabyChakra had earlier secured series-A funding from RoundGlass Partners and seed funding from Mumbai Angels, Patni Family Office, and Singapore Angel Network. “The fresh capital will be used to further strengthen BabyChakra’s regional and language-specific content and communit...