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.

OYO Raises USD 250 Million Funding
7Sep By NitishNo Comments
FUNDING

OYO Raises USD 250 Million Funding

New Delhi: Online hotel aggregator OYO on Thursday said it has raised USD 250 million (over Rs 1,600 crore) in a fresh round of funding led by its existing investors and Hero Enterprise. The company plans to use the funds to expand its presence in India and South-East Asia, OYO said. "We have raised USD 250 million in a fresh round of funding led by existing investors SoftBank through SoftBank Vision Fund, Sequoia India, Lightspeed Venture Partners and Greenoaks Capital. Hero Enterprise has also joined as a new investor," OYO Founder and CEO Ritesh Agarwal told PTI. The funds would be used to expand presence across India and in other international markets in South-East Asia. The company is already present in Malaysia, he added. "The funding shows investor confidence in our unique ...
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Travel Booking Startup GoFro Raises $10 Mn Funding In Series B Round
6Sep By Ankita SinghNo Comments
FUNDING

Travel Booking Startup GoFro Raises $10 Mn Funding In Series B Round

Delhi-based travel booking startup GoFro, has recently raised $10 million in a Series B round led by Japanese travel company HIS Co. Ltd. The round also saw participation from its existing investor MakeMyTrip. The company will be utilizing its funds to strengthen its technology platform, supply and agent network and expand into international markets. “Support of HIS and MakeMyTrip is a validation of the potential of GoFro’s marketplace platform. We now look forward to HIS’s global reach and experience to help us enhance our global supply network and provide great holiday packages at competitive prices,” said Amitabh Misra, founder and chief executive, GoFro. GoFro is a three-way online marketplace for holiday packages connecting travellers with suppliers and destination experts. The c...
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OncoStem Diagnostics Raises $6 Mn Funding From Sequoia Capital
6Sep By AnkitaNo Comments
FUNDING

OncoStem Diagnostics Raises $6 Mn Funding From Sequoia Capital

Bengaluru based oncology startup, OncoStem Diagnostics, has recently raised $6 million from VC firm Sequoia Capital India Advisors, a senior executive of the company said. OncoStem focuses on  personalized cancer treatment planning through the development of tests that try to effectively predict the chance of cancer recurrence in patients. It was founded by Manjiri Bakre in 2011. The startup earlier raised its first funding in 2011 from California-based VC firm Artiman Ventures which invested $3 million in the company in multiple tranches. “There are no affordable tests in India to accurately predict the risk of cancer recurrence. We aim to develop innovative and cost-effective tests that will help predict and assess the risk of recurrence in cancer patients, thus providing doctors ...
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PrimaryIO Inc. Bags $5.6 Mn In Seed Funding From Accel Partners, Others
5Sep By RishabhNo Comments
FUNDING

PrimaryIO Inc. Bags $5.6 Mn In Seed Funding From Accel Partners, Others

Silicon Valley- and Pune-based enterprise storage startup PrimaryIO, Inc. has raised $5.6 million in seed funding from Accel Partners, Exfinity Venture Partners and Partech Ventures. PrimaryIO will be using the funds to expedite its product development efforts. “This investment will help accelerate product development to bring innovation to the enterprise IT customers that are dealing with data center capacity, cost & performance issues, enabling them to benefit from the public cloud solutions while retaining control & security of their data,” the release read. Founded by Kumar Ganapathy and Vijay Karamcheti in 2014, PrimaryIO provides storage management software, for virtualized cloud data centres. ALSO READ Former Myntra Executives’ Health Tech Startup Bags $1.5 Mn Fr...
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Aahaa Stores Bags $1Mn In Second Round Of Funding From YourNest Angel Fund
2Sep By Press Trust of IndiaNo Comments
FUNDING

Aahaa Stores Bags $1Mn In Second Round Of Funding From YourNest Angel Fund

Online office supplies platform Aahaa Stores on Friday announced that it has raised $1 million in the second round of pre-series ‘A’ funding from investor group led by YourNest Angel Fund. Two of the existing investors including YourNest have participated in this round as well at a substantially higher valuation as compared to their earlier investments, Aahaa Stores said in a release. (more…)
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Former Myntra Executives’ Health Tech Startup Bags $1.5 Mn From Stellaris Venture Partners
1Sep By PriyankaNo Comments
FUNDING

Former Myntra Executives’ Health Tech Startup Bags $1.5 Mn From Stellaris Venture Partners

Former Myntra executives Prasad Kompalli and Ashutosh Lawania's health tech startup Mfine, has raised $1.5 million in its first round of funding led by Stellaris Venture Partners. The funding round also saw participation from Mayur Abhaya and Rohit MA, healthcare entrepreneurs from Stellaris’ Founder Network. Kompalli, who spent four years with Myntra, and Lawania, who cofounded Myntra, both left the company around December 2016 and started tinkering with the idea of using artificial intelligence in healthcare. “We got excited about the application of artificial intelligence in healthcare and changing the consumer experience,” said Kompalli. “We see a huge opportunity to build a consumer focused digital health platform in India.” The duo is joined at Mfine by former Myntra CTO Ajit...
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