Wednesday, November 20

FUNDING

Startup Funding News: Get the latest news on startup funding, small business funding, investor management and many more about funding on Pixr8.

Home Decor Startup MyGubbi Raises $2.7 Mn Pre-Series A Funding
9Oct By PriyankaNo Comments
FUNDING

Home Decor Startup MyGubbi Raises $2.7 Mn Pre-Series A Funding

Customized home interiors decor startup MyGubbi has raised $2.7 million pre-series A funding led by the family office of Firoze Irani; Vipul Parekh(co-founder BigBasket), Ananda Kallugadde(co-founder of NeoBytes) and Rajesh K Murthy(President Infosys), among others. Founded by Umesh Sangurmath and Ravi Rao in 2015, MyGubbi (Kannad for 'My Sparrow'), the startup aims on the interior design and furnishing solutions; allowing its customers to design their dream homes. The company earlier raised a funding of around $2.5 million by Vipul Parekh and others. ALSO READ   20 Years Old AOL Instant Messenger To Sign Off   The funds raised will be utilized to grow the business. "We would look at going deeper into existing markets, as well as strengthen our backend. We are a...
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Online Used-Furniture Marketplace Zefo Bags $9 Mn in Series B
5Oct By RishabhNo Comments
FUNDING

Online Used-Furniture Marketplace Zefo Bags $9 Mn in Series B

Zefo, an online marketplace for pre-owned furniture and appliances has recently raised Rs 60 crore(around $9 million) from Sequoia Capital India, Helion Venture Partners and Beenext Pte. Ltd in a Series B round. Based out of Bengaluru, the Silicon Valley of India, Zefo will be using the funds to widen up its operations, expand inventory size and better customer support. Zefo, owned by Zero Effort Technologies Pvt Ltd, started in 2015 by selling used furniture and home appliances in Bangalore and has now spread to other tier 1 cities, such as-Mysore, Delhi, Gurgaon, Noida and Mumbai. Zefo currently has 10,000 products that includes sofas, beds, tables, wardrobes, TV, Refrigerators and other furnitures. More than half of inventory is sourced from consumers who sell used products....
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Ola Raises $2 Bn From SoftBank Group And Tencent Holdings
3Oct By RishabhNo Comments
FUNDING

Ola Raises $2 Bn From SoftBank Group And Tencent Holdings

Another Indian Unicorn saw $2 billion fund raising on Monday. Ola- India's ride hailing company raises $2 billion from SoftBank Group Corp and Tencent Holdings Ltd, another high profile funding in this year after Flipkart which competes with Amazon. Although as per the Bloomberg's report the amount is not fixed for now and can change in the process. However as per The Economic Times Tencent has finalized an investment of $400 million in Ola, valuing the company over $3.8 billion. The paperwork from both the companies has been finalized and awaits approval from CCI. This funding will impact its rival Uber's position in India, on the one end where it is facing licence ban in London and multiple allegations. Other backers in the ride-hailing startup’s latest financing round included ...
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28Sep By RishabhNo Comments
FUNDING

Geospatial Technology Startup Transerve Bags $1.6 Mn

Transerve Technologies, which offers geospatial technology software for urban planning to governments, city corporations and builders has raised $1.6 million from IL&FS Investment Managers and Omidyar Network in a Series A round. (more…)
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Tech Startup Synup Bags $6 Mn Series A Funding
25Sep By RishabhNo Comments
FUNDING

Tech Startup Synup Bags $6 Mn Series A Funding

Bangalore-based startup Synup that provides Saas solutions for marketing of local businesses, has raised $6 million in Series A funding led by Vertex Ventures. The round also saw the participation of its existing investor Prime Venture Partners. Launched back in 2014, Synup was founded by 23-year-old Ashwin Ramesh along with industry veterans Mohan Gopalakrishnan and Karthik Krishnamoorthy.The startup caters to merchants currently in the US, but has plans to start operations in Western Europe and the UK as well. With the funding in hand, it will focus on strengthening its tech platform to cater to a larger chunk of merchants and expand to newer geographies. "We have 50,000 merchants signed up on our platform using our services presently. We have to increase it to 5 lakh over the...
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Power2SME Bags $36 Mn In Series E Round Of Funding
19Sep By AnkitaNo Comments
FUNDING

Power2SME Bags $36 Mn In Series E Round Of Funding

Power2SME, an online buying hub for small-scale enterprises, has recently raised an additional $36 million funding in a Series E round from its existing investors Accel, Inventus Capital, Kalaari and IFC along with Nandan Nilekani. (more…)
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San Francisco Based Slack Raises $250 Mn From SoftBank Vision Fund
18Sep By PriyankaNo Comments
FUNDING, USA

San Francisco Based Slack Raises $250 Mn From SoftBank Vision Fund

San Francisco based Slack Technologies Inc. raises $250 million funding round led by SoftBank Group Corp.’s Vision Fund, valuing the startup at $5.1 billion. According to the reports, Slack will be utilising the funds for expansion in an increasingly competitive market for workplace messaging services. The Vision Fund was joined by Accel and other investors, Slack said on Sunday. Slack, which originally pitched as a dead-simple collaboration tool, is now looking to become more of a go-to for larger businesses as it faces a very competitive field with products from Microsoft and Atlassian. Slack earlier in this month reported that it has more than 6 million daily active users and has crossed around $200 million in annual recurring. ALSO READ   SoftBank Founder Masayoshi S...
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