FUNDING | Pixr8 News

25Apr By NitishNo Comments

FUNDING

Mobile Lending App Raises $50 Million Funding, Will Expand Operation in India

Kenya based Tala, the leading global technology company committed to financial inclusion, will bring its popular consumer lending app to India. The expansion was announced along with a new $50 million Series C funding led by Revolution Growth to scale up the success already in progress. Tala has also recently raised an additional $15 million to power its loan book. The round brings Tala’s total financing to more than $105 million. Founded in 2012 by Shivani Siroya, who grew up in India and the United States has launched Tala in Kenya. Tala is the first smartphone-based lending app in the world. Through its mobile platform, Tala has delivered more than 6 million loans to nearly 1.3 million customers and originated more than $300 million. The popular app is currently number 3 in the...

24Apr By NitishNo Comments

FUNDING

Online Education Platform Raises 3 Crore Funding

Leading online curated learning platform Career Anna has raised Rs 3 crore funding structured financing from a group of angel investors. The Funding will be used to launch a series of online learning programs like Artificial Intelligence, Data Science, Machine Learning, Deep Learning, DevOps and other new-technology fields where demand for talent far exceeds supply. Founded in 2014, Career Anna is on the mission to empower over 500 million students and professionals across India and emerging countries, with opportunities and skills in high growth careers of their choice. The efforts aim at providing an end to end solution to the opportunities, skill and employability problem as per industry needs. With a vision to transform over 1 million lives by 2020, Career Anna has already po...

Amazon Invests Rs 144 Crore in Bangalore based E-Lending firm

24Apr By Lavina TolaniNo Comments

FUNDING

Amazon Invests Rs 144 Crore in Bangalore based E-Lending firm

Indian e-commerce major, Amazon has invested Rs. 144 crore( $22 million) in Capital Float, a platform for lending to small & medium enterprises (SME's). This is Amazon's third investment in financial landscape after BankBazaar and Qwikcilver Solutions. Founded in 2013 by Sashank Rishyasringa and Gaurav Hinduja, alumni from Standford University, Capital Floats raised funding round which was a part of Series C exercise raised by the company last year. The company had also raised $45 million i.e nearly Rs. 299 crore in last year in August and now will be utilizing the money to promote innovations and build proprietary underwriting algorithms. Capital Float has 20% of its customer base from e-commerce sellers and vendors thus making Amazon be one of its biggest customers. This ...

24Apr By AnkitaNo Comments

FUNDING

New Delhi Based Organisation Looking to Raise $50 Million Funding

New Delhi based Home Healthcare organization Critical Care Unified (CCU), planning to raise $50-60 million in the next few months to expand its market, as the company said in its press release. The healthcare startup is planning to expand its footprint into 10 metro cities of India & in 4 middle east countries. The home healthcare service provider recently launched its operation in Mumbai, where the home healthcare startup will provide all solutions at a patient's doorstep, including ICU care services, discharge management, stabilization of patients at home, testing and calibration of the ventilator to name a few. Since inception, CCU has achieved profitability on a monthly basis, with a turnover of Rs. 2.60 crores in 2017. With in excess of 15 percent revenue growth in each q...

Nykaa Raises 75 Crore, Valuation is Close to 3000 Crore

23Apr By AnkitaNo Comments

FUNDING

Nykaa Raises 75 Crore, Valuation is Close to 3000 Crore

Mumbai based Nykaa.com, an online beauty retailer has raised ₹75 crore in its latest round of funding from the existing investors. The current funding was the part of ₹170 crore investment round. The first amount was raised around 95 crores. Now the current valuation of the company is close to ₹3,000 crore. This is the fourth round of investment for the company. The total funding amount was raised about ₹255 crore at a valuation of 3000 crores. Also, three previous investors in Nykaa has sold their parts of equity including TVS Capital Funds. Nykaa acquires 33% share of online beauty market, clocked ₹570 crore in net revenue in FY18. The latest funding amount will use to expand their offline presence from current 17 stores to about 55 stores by FY19-end. Their products are p...

Twitter Founder Invests in Delhi based AI Startup

23Apr By Lavina TolaniNo Comments

FUNDING

Twitter Founder Invests in Delhi based AI Startup

Twitter Co-founder Biz Stone has invested in his "personal capacity" in a Delhi based health startup that makes use of an artificial intelligence bot in its app, as he wants to contribute to a future where AI is seen as a "positive enhancement of humanity". "Visit", founded in 2016 is an on-demand healthcare service provider that facilitates consultation from a pool of medical specialist and general physicians to its users. The startup has recently introduced an AI-based "chatbot" which acts as a digital assistant to provide "smart help" to patients in accessing doctor's consultation. Indian investors Rohit Bansal and Kunal Bahl, co-founders of Snapdeal have also invested in their personal capacity in Visit. Vaibhav Singh, Co-founder, and Head at Visit said, This is country's ...

21Apr By Lavina TolaniNo Comments

FUNDING

Insurance-Tech Startup Coverfox raises $22 Mn in Series C Funding

India's online insurance platform, Coverfox has managed to secure $22 million in a series C fundraising exercise led by IFC, a World Bank off-shoot, and Transamerica. Some of the company's existing investors also participated in the round. Company's former fundraising round that combined Series A and B together had received $17 million from leading investors such as Accel, SAIF Partners and Cataraman Ventures, the VC firm owned by Infosys fame Narayan Murthy. The company was founded by Devendra Rane in 2013 and offers proprietary technology and algorithm based platform to buy and compare policies across leading insurance companies. It has integrated successfully with more than 35 insurers and currently providing 150 policies in life, motor, and health insurance. Pramansh...

Gurgaon Based Balance Management App Raises $23 Million

21Apr By NitishNo Comments

FUNDING

Gurgaon Based Balance Management App Raises $23 Million

Gurgaon based digital wallet and financial services platform True Balance raise $23 Million in a Series B funding. The company has raised total $38.6 Million funding so far. The funding will use towards talent acquisition and expanding benefits of need-based financial services. The funding saw the participation from Japan-based global messenger Line Ventures Corporation, Korean search engine Naver, leading Korean bank Shinhan Bank along with TS Investment and other partners. The app-based platform is planning to recruit from leading Indian educational institutes like Indian Institutes of Technology (IITs) and Indian Institutes of Management (IIMs) among others to improve its business & technology. True Balance is a balance management utility application that helps prepaid u...

News Update: SaaS Startup Raises $1.1M From Existing Investors

20Apr By Lavina TolaniNo Comments

FUNDING

News Update: SaaS Startup Raises $1.1M From Existing Investors

Bengaluru based startup Fyle, an expense management platform has announced a fresh round of $1.1 Million funding from existing investors, Pravega Ventures and Beenext. Also part of this funding round is a strategic investment from Girish Mathrubootham led Freshworks, which has been a customer of Fyle across multiple countries. Expense management is a boring but necessary process for every company and though there have been many attempts to solve this problem, it continues to be a painful and frustrating experience for any employee. This was the business problem that Fyle is aiming at solving, and by helping automate and streamline the entire experience for businesses, they are well on their way to doing so. "Finance and Admin teams love the product as it helps them become complian...

20Apr By AnkitaNo Comments

FUNDING

Delhi Based Apartment & Hostel Listing Platform Raises 1.4 Crore Funding

Delhi based Apartment and Hostel listing platform Zocalo has secured ₹1.4 Cr funding from Xander Group. Xander group is a global real estate & investment firm. Founded in 2014 by Uday Lakkar, an IIM-Ahmedabad alumnus, and a former McKinsey executive, Zocalo is a broker-free platform that offers paying guest, hostel, shared and rental apartment accommodation listings. "Zocalo" is the Mexican term for a public square or plaza. Earlier, the startup has raised an angel round of funding from investors including Rajesh Sawhney, Founder of GSF Accelerator, Sachin Bhatia, co-founder of MakemyTrip, Mahesh Parasuraman, former managing director of the Carlyle Group, Dheeraj Jain, partner with a UK-based hedge fund, and Advantedge Incubators. As per the platform data, they have an i...

20Apr By NitishNo Comments

FUNDING

Chai Point Raises $20 Million Series C Funding

Bengaluru based Popular beverage chain Chai Point raises USD 20 million Series C funding round, led by Paragon Partners, which will be allocated towards spurring its growth in India. Founded in 2010, Chai Point is an organized brand in the Rs.1.5 Lakh crore tea market targeting one billion Indians. With the average per capita consumption of the beverage increasing at a steady rate of 20-30 percent, the market is ever expanding. The company, who offers nearly 0.3 million cups of Chai a day across all its channels, stores, delivery, and dispensers is poised to do five-fold more in the next three years. "This funding round is primarily aimed at further strengthening the brand's multi-channel go-to-market. A substantial portion of our investment proceeds will go towards deepening our ...

Jeff Bezos backed Cancer Startup to Raise $1 Billion Ahead of IPO

19Apr By Lavina TolaniNo Comments

FUNDING

Jeff Bezos backed Cancer Startup to Raise $1 Billion Ahead of IPO

Grail Inc, the cancer-detection startup backed by two world's wealthiest men is planning to raise $1 billion to push growth much ahead of its Initial Public Offering in Hong Kong. The very first product that will focus on screening test for nasopharyngeal cancer will be launched this year informed Grail Incorporation.Nasopharyngeal cancer is a type of cancer prevalent in Southeast Asia and southern China The company which is backed by Amazon Incorporation founder Jeff Bezos and Microsoft co-founder Bill Gates is working on advisers on the new round that is ongoing a preliminary phase and might change in timings and date, said two people involved with the matter. Charlotte Arnold, a spokeswoman for Menlo Park at Grail said that the company doesn’t comment on market speculation or i...