Monday, May 6

FUNDING

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

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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SoftBank Makes Biggest Ever Investment In Indian Internet Space In Flipkart
10Aug By AdityaNo Comments
FUNDING, News

SoftBank Makes Biggest Ever Investment In Indian Internet Space In Flipkart

Indian ecommerce giant Flipkart has raised a record breaking funding of at least $2.5 billion from SoftBank Vision Fund, making its rival Amazon a huge blow and claiming its dominance in the market. The latest round of funding takes Flipkart’s cash reserves to more than $4 billion. Although, Flipkart didn’t disclose the amount, but said that the SoftBank investment comprises a mix of primary (investment in the company) and secondary capital (purchase of shares from existing shareholders). The amount invested will be somewhere around $2.5 billion in Flipkart, 3 people from the inside told, upon the condition of anonymity. There have been reports about the SoftBank's interest in investing in Indian ecommerce giant Flipkart, after the acquisition of Snapdeal by Flipkart didn't work out....
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