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.

Niki.ai Raises $2 Million Funding From SAP.iO & Ronnie Screwvala Ventures
28Jun By AnkitaNo Comments
FUNDING

Niki.ai Raises $2 Million Funding From SAP.iO & Ronnie Screwvala Ventures

Ratan Tata-backed Niki.Ai today said it has raised USD 2 million (about Rs 13 crore) in funding from San Francisco-based fund SAP.iO. The series A round also saw participation from existing investor Ronnie Screwvala's Unilazer Ventures, Niki.ai said in a statement. The artificial intelligence startup has also received funding from Haresh Chawla (Partner at True North) and Arihant Patni, along with some US and German investors in this round. "Niki.ai has been focused on building the product for the past 2 years. We believe we have the capability to disrupt the AI and bot space," Niki.ai CEO Sachin Jaiswal said. He added that the new capital will be used in further strengthening machine learning capabilities, building voice and multilingual functionalities and expanding distribution ...
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Your.MD Closes Funding Round for $10 Million Led by Orkla Ventures
28Jun By AdityaNo Comments
FUNDING

Your.MD Closes Funding Round for $10 Million Led by Orkla Ventures

London based Your.MD, the world's smartest AI health information service, has completed its latest round of funding, having raised $10 million led by Orkla Ventures and with participation from Smedvig Capital AS and other existing shareholders. Orkla is a leading supplier of branded consumer goods to the health, pharmacy, grocery, confectionary, specialised retail and bakery sectors in the Nordics, Baltics and selected markets in Central Europe. The investment will be used to support the growth of Your.MD's health information platform and to consolidate its position at the forefront of Artificial Intelligence (AI) development in the digital health sector. The agreement will also enable expansion of its revolutionary OneStop Health™ platform - a global, AI-powered marketplace of trust...
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Food Startup Authenticook Raises 1.45 Cr From Booking.com
28Jun By PriyankaNo Comments
FUNDING

Food Startup Authenticook Raises 1.45 Cr From Booking.com

Mumbai based food startup Authenticook raises grant of Rs 1.45 crore (200,000 euros) from Booking.com. The funding will be use to increase the number of cities covered by four-times to up to 40 by end of 2018. "We are present in nine cities now and expect to increase this to 35-40 by the end of 2018," the city-based startups co-founder Ameya Deshpande told Pixr8. He said the company plans to break-even in 2019 and is looking to get a Series A funding sometime next year. By the end of 2019, the company that helps people eat traditional home food with local families, aims to be present in 75 cities, he said. It won a grant of 200,000 euros in a contest run by the worlds largest hotel aggregator Booking.com, for which 700 startups from across the world had applied for. Deshpande sa...
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Cold Press Juice Brand Raw Pressery is Looking to Raise $10 million
27Jun By PriyankaNo Comments
FUNDING

Cold Press Juice Brand Raw Pressery is Looking to Raise $10 million

Cold press juice brand Raw Pressery is looking at raising USD 10 million in fresh funding over the next three months to fuel its expansion plans, a top company official has said. "Over the next three months, we should be closing another round of funding. We are planning to raise around USD 10 million," Raw Pressery founder and managing director Anuj Rakyan told Pixr8. Started in 2013, the company has managed to get funding of over USD 10 million so far from investors like Sequoia Capital, Saama Capital Management and DSG Consumer Partners, among others. The city-based beverages firm that also makes smoothies and soups is planning to set up a manufacturing unit in Nashik next year, which will enhance its capacity by four times. "Next year we can look forward to a much larger cap...
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Technology Startup HUG Innovations Raises $5 Million Funding
25Jun By PriyankaNo Comments
FUNDING

Technology Startup HUG Innovations Raises $5 Million Funding

HUG Innovations, a technology startup has raised USD 5 million in series A Funding at the Live Instant Funding organised at the second edition of The Indus Entrepreneurs (TiE)- The Guardian Angel here. "Out of the four startups which pitched their idea to pin-up investors HUG Innovations succeeded in raising USD 5 million (Rs 33 crore) series A Funding," a release said today. HUG Innovations founded by Raj Neravati is a technology startup developing gadgets for fitness lovers works on gesture recognition mechanism. The other startups which pitched their ideas were GoLive Gaming, Voltus Wave and Cargo Exchange, it said. "The 2nd edition of The Guardian Angel brought in 125 applicants. We are confident these successful startups will create new benchmarks in the ecosystem and driv...
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Fintech Startup LoanTap Raises Rs 26 crore For Business Expansion
24Jun By AdityaNo Comments
FUNDING

Fintech Startup LoanTap Raises Rs 26 crore For Business Expansion

LoanTap Financial Technologies today said it has raised USD 4 million (about Rs 26 crore) in second round of funding, which will be invested in software and expand its footprint in tier 2 and 3 cities. "LoanTap Financial Technologies, an online personal loan company with in-house NBFC, has announced closing of its second round funding at USD 4 million," the company said in a statement. Post funding, LoanTap aims to bolster collection features in its software, besides reaching out to Tier 2 and Tier 3, major capital cities and business hubs. The fund raising round comprises of a mix of equity and debt instruments from Kae Capital, India Quotient, IFMR and MAS Financial Services Ltd. "Equity infusion to the platform was led by Kae Capital with participation from its existing inve...
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MaxWholesale Raises $1 Million Funding From IAN, Maple Capital Advisors
22Jun By RishabhNo Comments
FUNDING

MaxWholesale Raises $1 Million Funding From IAN, Maple Capital Advisors

MaxWholesale, a mobile based B2B grocery supply chain platform, has raised close to USD 1 million (Rs 6 crore), led by Indian Angel Network (IAN) and Maple Capital Advisors. These investors include names like Ambarish Raghuvanshi, Raman Roy, Sunil Munjal, Bikky Khosla, Pankaj Karna and Abhinav Grover among others, a statement said today. Last year in July, the firm raised Rs 1 crore (around $150,000) in a seed round from Maple Capital Advisers. MaxWholesale is powering the online wholesale process for more than 90 FMCG companies, some of them being Cadbury, Dabur, Patanjali, Capital Foods, P&G and HUL. “There are more than 7 million stores in India and the packaged consumer goods market in the country is worth more than $40 billion. MaxWholesale is leveraging the power of t...
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Fintech Startup Fincash Raises Funding By Industry Stalwarts
19Jun By RishabhNo Comments
FUNDING

Fintech Startup Fincash Raises Funding By Industry Stalwarts

Fincash.com, a startup in the personal finance space in India has raised a round of funding from a number of industry stalwarts and HNI investors. Fincash.com focuses on the money market space in India for retail investors and seeks to get customers onboard with its solutions that it provides to potential investors. “Today, the folios in the mutual funds industry have crossed 5 Cr mark, with unique folios being much lower, hence penetration levels in India are in the 1-2% range, developed market show penetration levels of over 50%” says, CEO – Gaurav Perti, citing the potential that exists in the Indian markets.   While fintech funding declined in 2016, a recent KPMG report said, the trends in 2017 are being keenly watched. India is a space where a digital transformation is under...
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Saudi Prince Invested $62 Million Dollar in Middle East Based Taxi Aggregator Careem
16Jun By PriyankaNo Comments
FUNDING

Saudi Prince Invested $62 Million Dollar in Middle East Based Taxi Aggregator Careem

Kingdom Holding Company (KHC) chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, acquired a 7% stake in ride hailing service Careem through a Secondary Share purchase as well as participating in the latest Round E funding to a total transaction value of $62M. The transaction makes KHC one of the largest holders of Preferred Shares in Careem and will grant KHC a board seat on Careem's board of directors. KHC's CEO Eng. Talal Ibrahim Al Maiman said, "Our investment in Careem is a continuation of our strategy to invest in new technologies as we have done with our investments in Twitter, JD.com and Lyft. As the leading ride hailing company in the region, and positioned with excellent growth prospects, Careem sets an example for regional businesses by providing employment opport...
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Fintech Startup MoneyTap Raises $12.3 Million From Sequoia India
15Jun By PriyankaNo Comments
FUNDING

Fintech Startup MoneyTap Raises $12.3 Million From Sequoia India

Fintech firm MoneyTap today said it has raised USD 12.3 million (over Rs 78 crore) from Sequoia India and existing investors, NEA and Prime Venture Partners. "With this fresh funding, MoneyTap plans to solidify its leadership position by improving credit accessibility for other segments of customers, partnering with six other banks and NBFCs and expanding to 50 cities in India by the end of 2017," MoneyTap said in a statement sent to Pixr8. It added that the company is also on target to issue credit lines worth Rs 300 crore by the end of the current fiscal. The app-based consumer credit line has over three lakh users. The Indian consumer finance market is estimated to grow at a compounded growth rate of 18 per cent to become a USD 1.2 trillion opportunity by 2020, it said. With close t...
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Bengaluru Based Goodera Raises $5.5 Million Funding From Nexus Venture, Omidyar
14Jun By AnkitaNo Comments
FUNDING

Bengaluru Based Goodera Raises $5.5 Million Funding From Nexus Venture, Omidyar

Goodera, a global CSR & Sustainability Management technology platform, co-headquartered in Bangalore and Menlo Park, today announced its Series A round of funding of $5.5mn from Nexus Venture Partners and Omidyar Network. Varsha Rao, previously Head of Global Operations at Airbnb also participated in this round along with other prominent angels. Goodera is a CSR Lifecycle Management platform embedded with strong domain expertise, providing corporates automation and intelligence across monitoring and evaluation, impact measurement, grant making, reporting and employee volunteering. Goodera solves the critical need for corporates and non-profits to have last mile visibility of progress and impact measurement of their CSR projects. It enables effective governance in deciding and mana...
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