FUNDING | Pixr8 News

16Jun By AdityaNo Comments

FUNDING

Startup India Registered Food Processing Startup Raises $300K Funding

Mumbai based Everyday Gourmet Kitchen Foods startup raises USD 300k Seed funding from an individual Pradyumna Kokil. The company EGK focusses primarily on onions and its by-products, along with onion processing. Currently, EGK sells 30 metric tonnes of their finished product monthly which translates to about 150 Metric Tonnes of raw onions which are being processed every month. With the factory upgrade, production capacity will be close to 100 Metric Tonnes per month and there are plans to open up the domestic as well as international markets where the company has seen tremendous demand. The company CEO also stated that on the backend, EGK Foods is setting up a bigger factory and backward integrating with farmers to assure them guaranteed buyback of goods produced at a fair price ...

SeaLink Capital Invests Rs 200 Cr In a Healthcare Firm

16Jun By Gauri SinghNo Comments

FUNDING

SeaLink Capital Invests Rs 200 Cr In a Healthcare Firm

The mid-market investment company called SeaLink Capital Partners has invested Rs 200 crore in a women and children healthcare firm known as Surya Children’s Medicare Pvt. Ltd. The transaction included an investment of growth capital into Surya and a purchase of the stake held by the company’s first external healthcare investor OrbiMed. A few months ago, in April it was reported that SeaLink was in advanced stage of investing in Surya Medicare. On the other hand, Surya had also raised Rs 54 crore from OrbiMed against the sale of a minority stake in September 2013. In our country, there is a considerable undersupply of paediatric hospital beds and other medicare facilities. And the need for both preventive and curative paediatric care is a necessary thing. Heramb R Hajarnavis, man...

Helix Investment Backs Network Intelligence For Expansion

16Jun By Gauri SinghNo Comments

FUNDING

Helix Investment Backs Network Intelligence For Expansion

The cybersecurity service provider, Network Intelligence has raise funds amounting to Rs 33 crore from a non-public fairness agency known as Helix Investments. After the completion of this funding round, the company valuation has crossed Rs 155 crore. The company has plans to utilize these funds for product development and expanding operations abroad to the US and Europe. The security company has been growing and expanding extensively over the past few years and is looking to sustain a compound annual growth rate (CAGR) of 40-50% in the near future. The CEO of the company Kanwal K Mookhey said, “The cybersecurity market is booming, and we want to continue to be well-positioned to meet the demand. Helix Investments is committed to supporting our opportunity in cybersecurity services, wh...

SoftBank Corp. To Invest Billions In Indian Solar Power Project

15Jun By Gauri SinghNo Comments

FUNDING

SoftBank Corp. To Invest Billions In Indian Solar Power Project

Japanese holding company, Softbank Group Corporation is determined to invest funds amounting to $60 billion to $100 billion in a solar power project in India. According to the reports, the funds being invested in the project are supposedly raised by the Softbank from the Saudi Arabia’s government. Saudi Arabia is the biggest investor in the Softbank’s Vision Fund, which was backed by an amount of $93 billion last year. After all the arrangements and preparations for the deal are done, both the parties that are Softbank and Indian government will make an official announcement for the same. Softbank was initially started as a telecom firm but it now has handed in a number of different areas, including e-commerce, finance, broadband, marketing, and more. The company has taken on an a...

14Jun By Lavina TolaniNo Comments

FUNDING

Mutual Fund Marketplace Nivesh.com raises Rs 3 Cr Seed Funding

Nivesh.com, a mutual fund marketplace has raised a seed funding of Rs. 3 crore through LetsVenture along with Google India MD Rajan Ananadan, former Infosys Head Sales Basab Pradhan and others. The startup has customers across 200 cities and partners over 15 cities and is backed by a clutch of prominent investors that include Debasish Hota, CEO at CompuGain Corporation, Vivek Khare, Advisor Corporate Development at Naukri.com, Windorse Capital and LetsVenture LLC. Anurag Garg, CEO and founder at Nivesh.com said, This investment further cements our belief in the business model. We are witnessing extremely good response from our target audience and working on expanding our geographical footprints. While enriching the user experience, we will also look at strengthening our distribution...

Delivery Platform Daily Ninja Raises $3 Mn

14Jun By Gauri SinghNo Comments

FUNDING

Delivery Platform Daily Ninja Raises $3 Mn

A subscription-based delivery platform Daily Ninja that delivers everyday essentials to its customers has reportedly raised funds from Bengaluru-based Saama Capital and its existing investor Sequoia Capital worth $3 million. Daily Ninja is a unique hyperlocal platform which is based on prepaid subscriptions. The service delivers products of daily needs to its customers through its mobile app. It aims to give the easiest, hassle-free ordering experience to its customers ideally suited to high quality and speedy ordering of household needs with a subscription-based model. The funds raised by Daily Ninja will be utilized in the growth and expansion purposes. It aims to build its name and fame in the households across Bengaluru and Hyderabad. It wants to grow its business by attracting a...

13Jun By Lavina TolaniNo Comments

FUNDING

We “Pixr8 News” Raise 2.5 Mn Angel Funding

Delhi based Online Business Media Platform Pixr8 News has raised 2.5 Million Seed Funding From an Angel Investor. The digital media house plans to use the newly raised funds in expanding its customer base, acquiring readership and hiring new talent that could boost its market reach and business operations. Currently, with offices in Lucknow and Delhi, the organisation has helped many leading Global Companies, SMEs & Startups to promote their brand, business & portfolio. Confirming on the latest funding round, Mr Nitish Singh, CEO and Founder at Pixr8 News said, "We feel lucky to have raised seed funding at such a crucial juncture. We now aim to use the latest funding for company expansion in India and Internationally. Founded in 2014 by Mr Nitish Singh, Pixr8 News is an emerg...

Paytm Mall Raises Huge Fund From SoftBank & Alibaba

13Jun By Gauri SinghNo Comments

FUNDING

Paytm Mall Raises Huge Fund From SoftBank & Alibaba

The e-commerce platform of Paytm known as ‘Paytm Mall’ has raised funds amounting to Rs 1500 crore from Japenese holding company SoftBank Group Corporation and its existing lender Alibaba Group Holding Ltd. According to the reports, the recent funding is a part of the funding commitment of Rs 3,000 crore that was at first announced in April. Paytm Mall has now received the third and final tranche of the deal. Alibaba and SoftBank Corp. had undertaken to invest an amount of Rs 3000 crore jointly in the Paytm Mall out of which the amount of Rs 2600 crore supposed to be invested by SoftBank and the rest Rs 400 crore by Alibaba. Paytm Mall is a Paytm-operated e-commerce platform that operates on its own mobile application making it easy for the users to have a look on a variety of brande...

FabIndia MD Backs An Emerging Fast Food Chain of India

13Jun By Gauri SinghNo Comments

FUNDING

FabIndia MD Backs An Emerging Fast Food Chain of India

The ethnic wear brand FabIndia's managing director William Bissell has supposedly invested an amount of around Rs 3-4 crore in an offline fast food restaurant popularly known as Wow! Momo. Not only the technology-based and digital startups are bagging funds from investors, but also the offline businesses are no less. The Kolkata-based momo chain has its restaurants across the country and has recently been successful in grabbing funds from William Bissell who is the managing director of FabIndia. Wow! Momo is a fast food chain of restaurants with its headquarters in Kolkata. The firm basically specializes in momos and has a huge variety for the same. The branded momos chain has plans to build 300 outlets by the end of 2019. Wow! Momo Foods Pvt. Ltd. owns and operates take-away as well...

12Jun By Lavina TolaniNo Comments

FUNDING

Lifestyle Media Platform Raises Funding From Television Actor Ranvijay Singh Singha

Digital Media platform What's Up Life has raised fresh funding from actor and television personality Ranvijay Singh Singha, who will now also be the brand ambassador for the organisation. Based in Gurugram, What's Up Life was founded in 2014 by Gaurav H Luthra. The platform is involved in content development for editorials, social media pages, calendar keeping users abreast of the latest happenings and events across categories. Confirming on the investment, Ranvijay Singh said,“I liked the platform and the way ‘What’s Up Life’ is reaching out to people with their engaging content and events.” While, sharing the good news Gaurav H Luthra, discussed how the organisation is looking for expansion planning to operate in Mumbai, Bengaluru, Pune, Chandigarh and Jaipur in the next six mon...

Unicorn India and Ascension Ventures Launch a Cross Border Fund

12Jun By Lavina TolaniNo Comments

FUNDING

Unicorn India and Ascension Ventures Launch a Cross Border Fund

Unicorn India, a Mumbai based early stage VC has collaborated with British counterpart Ascension Ventures to launch a cross-border evergreen fund between two countries. Dubbed as "Unicorn Ascension EIS Fund", it is an open-ended fund (Enterprise Investment Scheme)that aims to raise up to Rs. 45 crores ( £5 million approx) per year with investments at the pre-series A stage across 6-8 UK-based startups building products and services relevant to the Indian market. An Enterprise Investment Scheme, abbreviated as EIS is a tax relief scheme offered by UK government that allows investors to avail income tax relief for their investments into small companies based in the UK. Chair of the audit committee at Koovs and former partner at KPMG UK, Nina Amin will lead the investment committee f...

Gaja Capital Attempts to Invest Rs 135 Cr in a Premium School Chain

11Jun By Gauri SinghNo Comments

FUNDING

Gaja Capital Attempts to Invest Rs 135 Cr in a Premium School Chain

A private equity investment firm Gaja Capital Partners is in advanced talking with the aim to invest an amount of $20 million (₹135 crore) in return of a stake in an educational and learning company called Kangaroo Kids Education Ltd (KKEL). The stake to be exchanged for the stated amount has still not been determined. A source claimed, “The companies are in the final legs of closing the deal, and the announcement is expected soon. Gaja Capital would make the investment from its $240-million Gaja Capital III fund.” Gaja Capital is a privately owned investment company which provides growth capital to ambitious entrepreneurs to build the future of Indian economy. The company specializes in investments in the smaller end of the middle market. The India-focused mid-market private equity ...