FUNDING | Pixr8 News

21May By Sheldan RungasamyNo Comments

FUNDING

Non-profit, Crowdfunding Heathcare Platform Raises $2 Mn Funding

ImpactGuru, India’s most prominent healthcare, nonprofit and crowdfunding platform, recently raised a $2 million in a Series A funding round co-led by Apollo Hospitals Group and Venture Catalysts. Existing investor, RB investments, a VC fund based in Singapore, also participated in the funding round along with India’s largest health-tech fund, Currae Healthtech Fund. The investment round also saw the participation of several family offices from US, Southeast Asia and Middle East. "Donation crowdfunding is a proven business model in US, UK, and China with platforms seeing exponential growth year on year. With this round of funding, ImpactGuru.com is well positioned to become the market leader in India," said investor, Harsh Bothra from RB Investments. The funds raised will serve to sc...

21May By Sheldan RungasamyNo Comments

FUNDING

Organic Juice and Beverage Maker Raises Funding from Sequoia Capital

Raw Pressery, the organic cold-pressed juice and beverage maker, has completed a funding round of $10 Mn (Rs 65 crore) from existing investors Sequoia Capital, Saama Capital and DSG Consumer products. The funds raised will serve in expanding the company’s footprint across international markets. The beverage firm is also holding talks with its family office and institutional investors to raise an additional $5 million that will be added to the sum raised in this funding round. The deal will close in coming two months. This latest funding round brings the firm’s total funds from investors to about $22.8 Mn (Rs 155 crore) not inclusive of the $5 million that is still pending. The latest funding round happened in late 2017 when Raw Pressery raised $6 million in a Series C funding from ex...

20May By Sheldan RungasamyNo Comments

FUNDING

Startups Who Got Funded Last Week

This week featured 9 funding articles amounting to $61.7 million (Rs 410 crores) (excluding two companies as their funding sum was undisclosed). FreightBazaar FreightBazaar, India’s first online portal for truck hiring intended for businesses, recently raised a pre-Series A funding round with Omphalos Ventures India leading the funds of an undisclosed amount. The funds raised will serve the purpose of scaling up operations and expanding its business to several new cities, while also improving its technology to facilitate processes and procedures. Clarity Communications Clarity Communication, a startup focused in PR and celebrity endorsement raised an undisclosed amount of funding from Atraxn Partners. The funds will serve to f...

19May By Sheldan RungasamyNo Comments

FUNDING

Truck Hiring Tech Platform Raises Funding

FreightBazaar, India’s first online portal for truck hiring intended for businesses, recently raised a pre-Series A funding round with Omphalos Ventures India leading the funds of an undisclosed amount. Ah! Ventures, a startup that aims at bridging communication between investors and businesses, was essential in sealing the deal. FreightBazaar revealed that the funds raised will serve the purpose of scaling up operations and expanding its business to several new cities, while also improving its technology to facilitate processes and procedures. “For the past few years, we have been working to bring structure, technology, efficiency and reliability into the way long-haul transportation has been managed in India,” said co-founder and CEO, FreightBazaar, Ganesh Rewanwar. The startup ...

18May By Sheldan RungasamyNo Comments

FUNDING

Delhi-based PR and Celebrity Endorsement Startup Raises Funding

Clarity Communication, a startup focused in PR and celebrity endorsement raised an undisclosed amount of funding from Atraxn Partners. The investment comes after the startup grew at an accelerated pace in the last 15 months as it added several startups and large firms in its portfolio. The funds will serve to financially assist Clarity augment and consolidate its hold of influential clients in the market it operates. To meet their goals, the Delhi-based startup will build skills and expertise in digital, traditional and social media and celebrity endorsements to meet the requirements of a diverse array of business and industries. Among the new clients associated with Clarity are venture capital firms and investment advisory firms. "The approach to communication is three-pronged - ...

18May By Sheldan RungasamyNo Comments

FUNDING

Health-tech Startup Founded by Former Myntra Execs Raises Funding

Mfine, a health-tech startup focused predominantly in Artificial Intelligence recently raised a Series A funding round of $4.2 Mn led by Prime Venture Partners. This round of funding also saw the participation of existing investors such as Stellaris Venture Partners and Mayur Abhaya who is also an entrepreneur in healthcare. This is the second time that the company is raising funds, having previously raised $1.5 Mn from Stellaris Venture Partners in September 2017. The funds raised will serve the purpose of building the hospital networks across cities while strengthening the team behind the manufacturing of the technology. It is also targeting making over 1-lakh consultations coming end of 2018 and sign partnership deals with 50 additional hospitals in India. Mfine saw the day in ...

17May By Sheldan RungasamyNo Comments

FUNDING

Droom Raises Colossal Funding from Toyota

Droom, the automobile marketplace recently raised a Series D funding round of $30 million with Toyota Tsusho Corporation (TTC), daughter company of Toyota Group Corporation, leading the investment round. Existing investor Digital Garage and four additional new investors from Hong Kong also participated in the funding round. The deal is a memorandum of understanding with TTC to expand operations in overseas market, with Toyota’s inventory as primary asset for expansion. This is the fifth round of funding that Droom is benefitting from, amounting to a total of $95 Mn since its founding. The company is set for its IPO by 2019. The previous round of funding of Droom happened in July 2017 when it raised $20 Mn from Digital Garage and others. In June 2016, it raised $25 Mn from Beenext and...

16May By Sheldan RungasamyNo Comments

FUNDING

Recent MakeMyTrip Funding Raises Valuation to Rs 26,000 crore

MakeMyTrip recently raised capital from its Nasdaq-listed parent company through a rights issue that took the Gurugram-based company’s valuation to Rs 26,000 crore. Documents filed by the Indian tour and travels aggregator to the Registrar of Companies demonstrate that MakeMyTrip received around Rs 128 crore from its parent company over the last six months through subscriptions to the rights issues. The RoC filings reveal that the board of directors of MakeMyTrip agreed to allocate 323,649 equity shares at an issue price of Rs 1,000 in February of this year to its parent company MakeMyTrip Limited Mauritius on a right basis. “Consent of the board… is hereby accorded to the allotment of 3,23,649 equity shares of Rs 10 each in the capital of the company… at an issue price of Rs 1,00...

15May By Lavina TolaniNo Comments

FUNDING

Mobile Learning Startup Knudge.me Raises Funding From IAN

Bengaluru based Gamifying and AI Learning Startup Knudge.me has successfully raised an undisclosed amount from Indian Angel Network, as per the sources of the company. The round for IAN was led by an angel investor and chief executive of TradeIndia.com Bikky Khosla. The funding capital will be used by the startup to amp up its product building and edutainment platform. Zunaid Ahmad, CEO and Co-Founder at Knudge.me said, We have already witnessed interest from users in countries like Brazil, United States, and Indonesia. We strongly believe that phenomena of game learning can be applied to a variety of learning contexts. Knudge.me is currently available on both iOS and Android. The application intends to target a generation who are addicted to their phone screens...

15May By NitishNo Comments

FUNDING

Lending Firm Raises 30 Crore Debt Funding From SBI

Gurugram based fintech platform Aye Finance raises another Rs. 30 crores debt funding from India's leading public sector bank State Bank of India (SBI). Earlier Aye Finance raises Rs 30 crores as debt financing from BlueOrchard Finance Ltd. Also, this is the second time that the SBI has extended a debt facility to Aye to lend more money to micro and small-scale enterprise financing in India. Aye finance is equity funded by three marque investors Accion, SAIF Partners, and LGT. The lending firm is looking to raise additional USD 20-25million by the end of the current quarter. Aye presently provides its service to over 10 states and boasts 72 branches in India so far. In the FY 17-18, it provided over 40,000 loans which were largely thanks to the customization of their pro...

IIM Ahmedabad Launches its Own $25 Million Startup Fund

14May By NitishNo Comments

FUNDING

IIM Ahmedabad Launches its Own $25 Million Startup Fund

India's top management institute IIM-Ahmedabad has launched USD 25 million fund for startups working in the areas of financial inclusion, livelihood, education, and health over the next three to four years. The initiative is known as the Bharat Inclusion Initiative, which aims to invest in startups in fintech, education etc with the help of CIIE. The Center for Innovation, Incubation & Entrepreneurship (CIIE) planning to channelise approximately USD 25 million over the next 3-4 years towards backing game-changing startups leveraging the ongoing digital transformation in India, it said in a release. With seed support from Tata Trusts, CIIE has received an initial commitment of USD 12.5 million from the Bill and Melinda Gates Foundation, the Michael and Susan Dell Foundation, and ...

13May By Lavina TolaniNo Comments

FUNDING

Agri-Tech Startup Earth Food Raises Rs. 64 Cr Seed Funding

An Agriculture based startup headquartered in Pune, Earth Food has successfully raised Rs. 6.4 crore in a seed funding round from city-based Rairah Corporation. First reported by VC circle, the agri-startup deals in growing grows residue-free fruits and vegetables and sells them both online and offline will use the funding to expand its market outreach. Earth Food founder, Nilesh Palresha said, We plan to use this funding to strengthen our position in the market and invest in building differentiated offerings for our customers. Residue-free farming involves the use of organically derived biocides and biofertilizers that aim to protect the crops and augment their growth. According to the cited sources, the company is also planning to utilize the fresh capital for its lo...