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.

Health Platform CureFit Raises $25 Mn In Fresh Funding From Existing Investors
28Aug By RishabhNo Comments
FUNDING

Health Platform CureFit Raises $25 Mn In Fresh Funding From Existing Investors

Myntra co-founder Mukesh Bansal and former Flipkart executive Ankit Nagori's health and fitness platform CureFit, has raised a fresh round of funding of $25 million from existing investors Accel Partners, Kalaari Capital, IDG Ventures and UC-RNT fund, a joint investment vehicle of the University of California and Ratan Tata's RNT Associates. The new round expects to go up to $35-40 million in the next 6 months, according to a source familiar with the matter. CureFit will use the fresh funding to expand the Cult centers into other cities, starting with Gurgaon in October and will also try to add a new product to medical examinations and primary health care under the Care.fit brand by the beginning of 2018,both the cofounders said. ALSO READ   McDonalds Dispute Puts C...
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WeWork Bags $4.4 Bn Investment From SoftBank Group And Vision Fund
26Aug By AnkitaNo Comments
FUNDING

WeWork Bags $4.4 Bn Investment From SoftBank Group And Vision Fund

After having invested multibillion dollars in companies as diverse as the graphics chip maker Nvidia, an artificial intelligence software maker and an indoor farming start-up, SoftBank has chosen WeWork, a fast growing co-working spaces startup. This investment will accelerate WeWork’s ability to connect more people to WeWork's global community, which currently stands at approximately 150,000 members, as well as further expand WeWork’s physical presence across the globe. “Masayoshi Son is a visionary business leader and we are humbled by this strong endorsement of our mission and purpose,” said Adam Neumann, Co-Founder and CEO of WeWork. “This support from SoftBank and the Vision Fund will provide even more opportunities for creators as we set out to humanize the way people work and li...
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Bombay Shaving Company Bags $2.5 Mn From Fireside Ventures and HNIs
23Aug By AnkitaNo Comments
FUNDING

Bombay Shaving Company Bags $2.5 Mn From Fireside Ventures and HNIs

Male grooming products manufacturer, Bombay Shaving Company has raised $2.5 million from Fireside Ventures and high net-worth individuals (HNIs) including senior executives from McKinsey & Co. The pre-series A funds will be used for brand building initiatives and introducing new products. Started in 2016, Bombay Shaving Company sells a premium range of shaving products including shaving brushes, razors and foam. In an interview, founder Shantanu Deshpande said the company will expand the range to men’s soaps, moisturizers and face wash by December. It also plans to introduce, ironically, beard grooming products—oils, conditioner and wax—entering a segment popularized by rival Beardo. Ahmadabad-based Beardo was recently acquired by packaged goods maker Marico Ltd. Deshpande,...
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New Delhi Based Rootify Raises Rs 1.2Cr Seed Funding
21Aug By AnkitaNo Comments
FUNDING

New Delhi Based Rootify Raises Rs 1.2Cr Seed Funding

Delhi based Rootefy, a Rootefy International Pvt Ltd, a construction materials marketplace, has raised seed funding from Abhinav Gupta, director at Gurgaon-based real estate firm BNB Group. Founded by Nitish Gupta and Manish Kishore in April last year, it has recently raised a funding of Rs 1.2 crore (around $187,285). It will use the funds for infrastructure building, technology development, and team expansion, the founders said as per the source VCCircle. This marks Abhinav's first investment in a startup which  is closely aligned with his work. He is, however, keen on investing in startups in other sectors such as fin-tech as well, he said. “Gaining from my experience in the construction industry, I believe that Rootefy will give a kick-start to change the unorganised sector to b...
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CureFit In Talks To Raise $30 Mn Fresh Funding
17Aug By AnkitaNo Comments
FUNDING

CureFit In Talks To Raise $30 Mn Fresh Funding

Healthcare startup CureFit is in advanced talks to raise around $30 million of fresh funding to expand its fitness brand Cult, enter new markets and launch other health related services, Mint reported recently. (more…)
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SoftBank Group May Invest $100 Mn In Rivigo Services
17Aug By RishabhNo Comments
FUNDING

SoftBank Group May Invest $100 Mn In Rivigo Services

After investing big in Flipkart, Paytm and Ola, SoftBank Group Corporation is looking to invest in another startup Rivigo Services, a transport logistics provider an amount of around $100 million as per the sources aware of the discussions. (more…)
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