FUNDING | Pixr8 News

8Feb By RishabhNo Comments

FUNDING

Swiggy Swag! Raises $100Mn Funding in Series F Round by Naspers and Meituaan-Dianping

Swiggy has done it once again! Amidst the merger talks with Zomato, Swiggy has raised a $100 million funding in it's Series F round of funding from Naspers, the global internet and entertainment company and Meituaan-Dianping, a Chinese local life information and trading platform. This is the largest funding round in the history of Swiggy so far. The latest development will be used to further strengthen its market leadership position by introducing advanced products and services in the sector, beside making investments in its new supply line business line. “With this funding, we will further invest in building differentiated offerings, plugging the white spaces in the ecosystem, and developing our technology while keeping superlative customer experience at the core. We want to continu...

8Feb By Ankita SinghNo Comments

FUNDING

Real Estate Startup Propstack Secured Funding from PE Professionals

Mumbai based real estate intelligence provider Propstack Services Pvt Ltd has received funding in a latest round from high profile private equity and hedge fund professionals. The investments are reportedly made in a personal capacity, however, the amount of funding was not disclosed. The funding will be utilized to accelerate the adoption and development of Propstack platform with the help of industry experts. The investor board of Propstack now includes S Sriniwasan, MD of Kotak Investment Advisors, Shanti Ekambaram, president-consumer banking Kotak Mahindra Bank’s, Ashish Khandelia, KKR Director, and US-based Rohatyn Group’s managing director TS Sivashankar. Founded back in 2013, by Raja Seetharaman, Shubhankar Dongre and Sandeep Reddy, the startup provides information on comme...

7Feb By AdityaNo Comments

FUNDING

After Aamir Khan, Furniture Renting Platform Furlenco Raises Funding from HNI Investors

Online furniture rental startup Furlenco has raised a funding of $1.5 million in a debt funding round from a clutch of HNI Investors. The Rs 10 crore funding round saw participation from Rekha Hrishikesh Mafatlal, wife of Mr Hrishikesh Mafatlal, VC and CEO of Arvind Mafatlal Group of Companies, Lakshmi Narayanan, ex-VC of Cognizant and M Krishna Sindhuri Private Trust. The funding that the furniture rental startup raised is via non-convertible debentures. Furlenco is based in Bengaluru and was founded back in 2011 by Mr Ajith Khurana, and has been successful in raising over $30 million in total from investors like- Axis Capital, Lightbox Ventures, Kris Gopalakrishnan's Pratithi Trust, Trifecta Capital, to name a few. The funding comes after Bollywood superstar Aamir Khan infuse...

6Feb By Sabhyata AgarwalNo Comments

FUNDING

CollegeDekho Receives Funding from GirnarSoft, ManCapital And Others

Online education startup CollegeDekho, a college comparing platform for students all around the country has raised $2 million funding from ManCapital, GirnarSoft and other investors as part of its third round of funding. According to CollegeDekho, they will use this funding to make healthy advancements in their technology, expand partnerships with international colleges and to increase its marketing activities, that will include more offline campaigns. "This round of funding is the reiteration of the trust our investors have in our vision and a clear indication that we are on the right path to success," Ruchir Arora, CEO and co-founder, CollegeDekho, said. Nikhil Malik, Partner, ManCapital said: "The education sector is poised for further growth and we believe there remains a lot of t...

HeyHolidays Raises $1 Million From Hampton Capital

5Feb By AdityaNo Comments

FUNDING

HeyHolidays Raises $1 Million From Hampton Capital

HeyHolidays, a global player in online vacation rentals, has raised $1 million funding from Hampton Capital. HeyHolidays has over 200,000 listings across India, Southeast Asia, Europe including Greece, France, Germany, Austria, United Kingdom, Spain, Italy, Denmark and Sweden, Cuba and the United States. Its Virtual Front Desk TM handles individual and group requests to help select and negotiate accommodations with its hosts as well as plan that special trip, holiday or honeymoon. "India was our first choice for the market's sheer potential. The country's travel market is set to grow over the next decade, especially the outbound travel, which is estimated to reach 50 million tourists by 2020," Mr. Blatt, Co-Founder of HeyHolidays, said in a statement. "For the past year, we listened t...

5Feb By RishabhNo Comments

FUNDING

Bharti Airtel Receives Rs 2,649Cr Funding from Singapore Telecom Giant Singtel

Singapore's largest mobile network operator Singtel has invested Rs 2,649 crore in Bharti Telecom Ltd. boosting its stakes by 48.9 percent. Singaporean Telecommunications has over 4.1 million subscribers and through subsidiaries, has a combined mobile subscriber base of 640 million customers at the end of financial year 2017. “Airtel Limited...announced that Singapore Telecommunications Limited (Singtel)... will invest Rs2,649 crore in Bharti Telecom Limited (Bharti Telecom), the promoter company of Airtel through preferential allotment of shares,” Bharti Airtel said in a statement. "Singtel International Investments will be allotted up to 85,450,000 new equity shares in Bharti Telecom at an issue price of INR310 per equity share," Singtel said in a statement Monday. Through its wholl...

Bengaluru Based Self-Publishing Platform Pratilipi Raises $4.3 million

5Feb By NitishNo Comments

FUNDING

Bengaluru Based Self-Publishing Platform Pratilipi Raises $4.3 million

Bengaluru based self-publishing platform Pratilipi has raised $4.3 million (Rs 28 crore) in a series-A round led by Omidyar Network & others. Existing investors Nexus Venture Partners also participated in the funding round. The funding amount will use for further building product features by personalising it for users, as well as hiring tech talent. Pratilipi is an online self publishing portal based in Bengaluru, India. It features content in eight Indian languages; Hindi, Gujarati, Bengali, Marathi, Malayalam, Tamil, Kannada and Telugu. Ranjeet Pratap Singh, founder of Pratilipi, told Pixr8, "We now have over 80 million content pieces read on the platform and our daily active user spends 35 minutes a day reading, the goal is to now personalise the experience and to build...

Alibaba and Ant Financial Invested Net $500M in Zomato and BigBasket

2Feb By RishabhNo Comments

FUNDING

Alibaba and Ant Financial Invested Net $500M in Zomato and BigBasket

Alibaba's payment affiliate- Ant Financial has invested $200 million in restaurant discovery and food ordering app Zomato, latest stock exchange filings by Zomato's largest stakeholder- InfoEdge revealed. InfoEdge currently holds 45% stake in Zomato, and informed Bombay Stock Exchange on Thursday that the funding round includes a $50 million secondary share sale to Ant Financials, which will dilute its stake in Zomato to about 30.9% post the capital infusion. The primary and secondary shares of Zomato,value it at $880 million pre-money, according to the statement filings. Pixr8 reported in Semptember that Zomato may receive a $200 million funding from China’s payments giant Ant Financial Services Group, valuing it around $1 billion. “The expected date of completion of sale/disp...

31Jan By AdityaNo Comments

FUNDING

Mumbai Based Web Testing Platform BrowserStack Raises $50 Million Funding

Mumbai based mobile and web testing service platform BrowserStack raised $50 million venture funding from led by venture fund Accel Partners ( Accel US and India). The six-year-old Mumbai-based company now valued more than $400 million. The company was operating on bootstrap model and running profitable from last six years and this is also be the largest series A round for an Indian tech startup. The platform is used by over two million developers in 135 countries. It has more than 25,000 paying customers, including Microsoft, Twitter, and Mastercard. The majority of its customers are based in North America. Founded in 2011 by IIT Bombay alumni Ritesh Arora and Nakul Aggarwal, BrowserStack helps developers test their applications across thousands of operating systems. Accel's Rya...

29Jan By NitishNo Comments

FUNDING

Mutual Fund and SIP based Investment Platform Groww Raises Funding

Bengaluru based Mutual Fund and SIP based investment platform Groww raises an undisclosed seed funding from Y Combinator, Mukesh Bansal (Myntra Founder) and Ankit Nagori, former chief business officer of Flipkart. The company will use the fresh round to expand its technology team and also introduce new products for its customers. “Our long-term vision is to build a modern financial services company out of India, accessible to everyone. That means anything that users get from a bank, should be able to get it faster and cheaper on Groww with 10 times better user experience”, said Lalit Keshre, Co-founder & CEO. Founded by ex-Flipkart executives, Groww leverages data science to make investing simple and transparent. It also hosts several communities that help investors make the right...

26Jan By PriyankaNo Comments

FUNDING

Axis Biosolutions Raises 47 Crore Funding From Ratan Tata & Others

Bengaluru based Axio Biosolutions has raised $7.4 million (about Rs 47 crore) in a Series-B funding round led by Ratan Tata's RNT Capital, Accel Partners and IDG Ventures India. The company will use the funds for geographical and product portfolio expansion. The medtech company that specialises in wound care also gave an exit with 7X returns to the company's first institutional investor, GVFL, an Ahmedabad-based venture capital firm. "We were focused on the Middle East and India but we will branch out now... get into Europe and the US. We are working on another product in wound care. We are also looking into the consumer segment... we want to introduce a product portfolio in that market. This will be both through channel tie ups and direct to consumer", said Axio Founder. Axio ...

Digital lending platform Neogrowth Raised Rs 300 crore

25Jan By AnkitaNo Comments

FUNDING

Digital lending platform Neogrowth Raised Rs 300 crore

Digital lending platform Neogrowth today said it has raised Rs 300 crore funding in a round led by Leapfrog Investments by selling an undisclosed stake. Existing investors including Aspada Investment Company and Quona Capital, through Accion Frontier Inclusion Fund, also participated in the round. The company, founded in 2012, is focused on lending to the small business segment and has now expanded its presence to 21 cities across the country. "India's digital lending space is experiencing massive growth, providing unprecedented opportunity for Neogrowth to apply its pioneering technology approach to enable loans for a rapidly expanding small business merchant segment," co-founder Piyush Khaitan said. Avendus Capital, the deal advisor, said 85 per cent of small businesses in the retai...