FUNDING | Pixr8 News

14Jun By PriyankaNo Comments

FUNDING

E-commerce Technology Provider Shopmatic Raises $5.7 Million Funding

E-commerce technology provider Shopmatic today said it has raised USD 5.7 million from a group of investors led by venture capitalist firm ACP Pte Ltd and Spring Seeds Capital. The company will use this fund to expand its global footprint. "Shopmatic..has raised USD 5.7 million of Series AA funding led by ACP Pte Ltd, a technology focussed Venture Capital firm, and Sping Seeds Capital Pte," the company said in a statement. The technology firm at present has operators in India, Singapore and Hong Kong. "After having successfully scaled its operations in India, Singapore and Hong Kong, Shopmatic will be using the funds to expand into other markets in Indonesia, the Philippines and the Middle East," the statement said. As part of this round of funding, ACP Managing Partner Same...

13Jun By AnkitaNo Comments

FUNDING

PeeSafe Raises $1 Million Funding Led by Venture Catalysts & Others

Toilet hygiene global brand, PeeSafe, run by Redcliffe Hygiene, has raised USD 1 million from Mumbai-based Venture Catalysts, Alfa Capital, Green Shots Capital, and Real Time Ventures. Angel investors who participated in the round include Harshita Mehta Jain, vice president at Redcliffe Capital, Amit Choudhary, partner, Motilal Oswal Private Equity and Govind Rajan Parthasarthy, former CEO of FreeCharge, among others. FMCG distribution companies like Quadrant also participated in the round driving retail distribution across one lakh stores, a company statement said. This investment validates disruption in FMCG typically led by incumbents mostly where hygiene and wellness is new wave of product portfolio with new models of distribution. PeeSafe got interest from global retailer and...

Wow! Momo raises Rs 44 crore from Lighthouse Funds, IAN

13Jun By RishabhNo Comments

FUNDING

Wow! Momo raises Rs 44 crore from Lighthouse Funds, IAN

Fast food chain Wow! Momo today said it has raised Rs 44 crore in series B funding from venture capital firm Lighthouse Funds and angel investor group Indian Angel Network (IAN). The latest round of funding led by Lighthouse Funds, which invests in mid-market consumer-driven firms, values the company at Rs 230 crore, the Kolkata-based firm said in a statement. Besides, it also provided "a highly profitable" exit to the tune of Rs 10 crore to some of the IAN investors who decided to sell their shares partly/completely to Lighthouse, it added. Commenting on the development, Wow! Momo co-founder and CEO Sagar Daryani said: "Funds raised in the current round will be used for expansion and building of back-end infrastructure for the brand." The company said it has a long-term goal of doing...

Tata Owned Jaguar Unit Invests $25 Million in Lyft

13Jun By AdityaNo Comments

FUNDING

Tata Owned Jaguar Unit Invests $25 Million in Lyft

Tata Motors-owned Jaguar Land Rover (JLR) has invested USD 25 million (over Rs 160 crore) in Lyft, the fastest-growing rideshare company in the US. The investment by InMotion Ventures, a part of JLR, will support Lyfts expansion and technology plans, the UK-based luxury carmaker said in a statement. The initiative will also provide InMotion Ventures with the opportunity to develop and test its mobility services, including autonomous vehicles, and to supply Lyft drivers with a fleet of Jaguar and Land Rover vehicles, it added. "This is a strategic investment for both parties as we focus on innovating new mobility solutions for our customers. Collaborating with an expanding technology business like Lyft is going to help us both accelerate our ambitions," JLR Executive Director of Co...

9Jun By AdityaNo Comments

FUNDING

Online Travel Destination Platform Guiddoo Raises 2 Crore Funding

Guiddoo an in-destination platform that offers information on tours and activities, dining and shopping options to Indian travelers going abroad has raised USD 300,000 (about Rs 2 crore) from a clutch of investors. The company would utilise the funds to support product and technology development through its newly-opened technology and data unit based in Pune, according to a statement. Part of the funds would also be utilised towards building pan-India distribution for its tours, activities and holidays products. "Guiddoo has raised funding of USD 300,000 in Pre- Series A funding by existing investors Pawan Borle and Nirmal Singh as well as new investors including Manish Prasad, Vineet Varma, Nick Haulkoury, and Abhai S. Rao," the statement added.

8Jun By AdityaNo Comments

FUNDING

Online Education Firm Coursera Raises $64 Million Funding

Online education firm Coursera has raised USD 64 million from GSV Asset Management, New Enterprise Associates (NEA) and Kleiner Perkins Caufield Byers (KPCB), among others. The series D funding round also saw participation from Learn Capital and Lampert Foundation, Coursera said in a statement. The new funding takes the company's total capital raised to date to USD 210.3 million. Coursera has over 26 million registered learners globally. Coursera will use the latest round to fund efforts in its fast-growing enterprise business (Coursera for Business), to expand its masters degree portfolio, and to accelerate product innovations, it said. "This round of funding enables us to continue innovating across our platform to deliver better learner outcomes, and to accelerate the momentu...

7Jun By reutersNo Comments

FUNDING

Pinterest Raises $150M Funding, Valuing Company at $12.3 Billion

Pinterest, which develops visual search technology and allows users to save images on its website, has raised $150 million from existing investors in its latest round of funding valuing the company at $12.3 billion, a company spokeswoman said on Tuesday. The latest funding round has increased the company's valuation from $11 billion when Pinterest raised $367 million in March 2015. Pinterest, which was founded in 2010, introduced a new search tool in early February called Lens to boost its advertising revenue. Lens helps users to discover ideas inspired by objects in the real world that are detected through a device camera. The additional capital will be used for further investments in visual technology and global expansion, the spokeswoman said in a statement over email. The S...

BHIVE Co-Working Space Raises $1.2 Million From Blume Ventures

5Jun By AdityaNo Comments

FUNDING

BHIVE Co-Working Space Raises $1.2 Million From Blume Ventures

Leading co-working and shared office space provider BHIVE Workspace has raised USD 1.2 Million in a fresh round of funding, to fuel its pan-India and international expansion of premium co-working spaces. The latest round is led by Blume Ventures, along with marquee investors like Actor-Director Ramesh Aravind, Mr. Meera Reddy, MD of SKCL and other high net-worth individuals. In an earlier funding round in 2015, BHIVE raised around USD 1 Million from Blume Ventures and high profile investors like Raghunandan G, Founder, TaxiForSure; Rajesh Rai, Venture Capitalist; Arihant Patni, Managing Director, Hive Technologies; Sanjay Mirchandani, Owner, Mirchandani Group; Arun Narayan, Director, UK India Business Council; among others. "In the last two years, we've expanded our co-working space ...

2Jun By reutersNo Comments

FUNDING

SoftBank Invests in Industrial Software Firm OSIsoft

SoftBank Group Corp said on Wednesday it was taking a significant minority stake in OSIsoft LLC, a privately held maker of industrial software used to manage plants and factories. The world's largest industrial companies, from General Electric Co to Siemens AG, have been incorporating more software into their manufacturing to cut costs and improve their supply chains. SoftBank is buying out venture capital investors KleinerPerkins Caufield & Byers, TCV and Tola Capital, it said in a statement. Japan's Mitsui & Co will remain an investor. The investment is in the "high hundreds of millions" and values OSIsoft at several billion dollars, people familiar with the matter said on condition of anonymity because of the confidential terms. SoftBank and OSIsoft declined to comme...

Swiggy Raises $80 Million From Naspers, Existing Investors

30May By PriyankaNo Comments

FUNDING

Swiggy Raises $80 Million From Naspers, Existing Investors

Online food delivery platform Swiggy today said it has raised USD 80 million (over Rs 517 crore) in series E funding led by global internet group and technology investor Naspers. The funding saw participation from other existing investors Accel India, SAIF Partners India, Bessemer Venture Partners, Harmony Partners and Norwest Venture Partners. The funds will help Swiggy introduce new products and service offerings to enhance its customer experience, Swiggy said in a statement. Naspers has also invested into the parent company of Swiggy's rival foodpanada, Delivery Hero. The food ordering platform also said it plans to double its technology headcount and increase investments across core engineering, automation, data sciences, machine learning and personalisation. Besides, th...

Snapdeal Raises 113 Crore Emergency Fund From Nexus Ventures and Founders

30May By PriyankaNo Comments

FUNDING

Snapdeal Raises 113 Crore Emergency Fund From Nexus Ventures and Founders

Snapdeal has raised over Rs 113 crore from early investor Nexus Venture Partners and founders Kunal Bahl and Rohit Bansal, amid talks of a potential sale of the e-commerce firm to larger rival Flipkart. NVP pumped in Rs 96.26 crore in the round, while Bahl and Bansal contributed Rs 8.45 crore each, according to regulatory filing with the Ministry of Corporate Affairs. The shares were allotted on March 10, 2017, it added. Bahl and Bansal were allotted 1,300 Series J preference shares, while Nexus was given 14,810 preference shares, the filings showed. It is not clear how long the fresh financing round will help Snapdeal in continuing operations as it faces intense competition from rivals Flipkart and Amazon. E-mails sent to NVP and Snapdeal remained unanswered. The cash-strapped firm,...

Mutual Fund Investment Platform Raises Seed Fund

29May By Press Trust of IndiaNo Comments

FUNDING

Mutual Fund Investment Platform Raises Seed Fund

Nivesh.com, a mass market mutual fund investment platform, today said it has raised angel funding from a group of entrepreneur turned investors. The investors in this round include Rahul Gupta, CEO of Right Global Infosolutions and former president at private equity firm Sonoma Management Partners, Sandeep Shroff, CEO of Silicon Valley-based MyStartUpCFO.com and former head of investor relations at Infosys & others. "The amount raised will be used for network expansion, reaching out to more customers and for improving the investment experience," said Anurag Garg, founder and chief executive, Providential Advisory Services, the Noida-based company which owns Nivesh.com. The company, however, did not disclose the amount it has raised. The platform will adopt an omni channel a...