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.

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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StayAbode Raises Fresh Funding From A Clutch Of Investors
10Aug By AnkitaNo Comments
FUNDING

StayAbode Raises Fresh Funding From A Clutch Of Investors

Bengaluru-based co-living spaces builder,StayAbode has raised an undisclosed amount of funding in a fresh round of investment from Incubate Fund and a clutch of investors. The company plans to invest the capital to strengthen its technology platform and expand its team. (more…)
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Snapdeal 2.0 Gets Backing From Nexus Venture
3Aug By RishabhNo Comments
FUNDING

Snapdeal 2.0 Gets Backing From Nexus Venture

Nexus Venture Partners, an early investor in Snapdeal, has come out in support of the e- commerce firm’s decision to pursue “Snapdeal 2.0” instead of accepting rival Flipkart’s $900-950 million acquisition offer. Nexus Venture Partners is the second investor to come out in support of Snapdeal’s decision, after Kenneth Glass (an early investor in Snapdeal). Earlier this week, Snapdeal had announced that it was terminating all strategic discussions to pursue a new plan of operations that it calls “Snapdeal 2.0”.     Nexus Venture Partners also has a seat on Snapdeal’s board that has representation from SoftBank (2 seats), Kalaari Capital and the two founders—Kunal Bahl and Rohit Bansal. After the announcement by Snapdeal, there were reports that the decision h...
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Healthcare Service Aggregator Click2Clinic Raises $850k From A Group Of Angel Investors
2Aug By AnkitaNo Comments
FUNDING

Healthcare Service Aggregator Click2Clinic Raises $850k From A Group Of Angel Investors

Health-tech startup Click2Clinic has recently raised around Rs 5.4 crore ($850,000) from a group of angel investors in the US and Malaysia, a company statement said. With this investment, Click2Clinic has acquired Wellness Home Health Care, an agency which offers home health care services in Bengaluru, for approximately Rs 4 crore in an all-stock deal. Founded by Chalapathi Naik and Rajneesh Chakravarthy, Wellness’ scope of services includes nursing, vital check-ups, wound dressing, nebulisation, medications, and bed bath by qualified health nurses. The Hyderabad-based Click2Clinic, which aggregates hospitals, diagnostic firms, pharmacies and ambulance services, will use the funds to strengthen its product offering and expand its services to new markets. Click2Clinic, which has...
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