FUNDING | Pixr8 News

28Feb By PriyankaNo Comments

FUNDING

Hiring Platform Belong Raises $10 Million in a Series B Funding By Sequoia India

Predictive outbound hiring platform provider Belong today announced it has raised USD 10 million in a Series B funding (second strategic round) led by Sequoia Capital India. Existing investor Matrix Partners India also participated in the round and the company said it will use the funds to accelerate product development, expand sales and support operations, and hire new talent across engineering, data science, enterprise sales and customer success. Gautam Mago, Managing Director at Sequoia Capital India Advisors, has joined the Belong Board of Directors, which includes Tarun Davda, Managing Director at Matrix Partners India, and Raju Reddy, Founder and ex-CEO of Sierra Atlantic. Founded in 2014, Belong provides outbound hiring Software-as-a-Service (SaaS) solution to industry leaders...

28Feb By NitishNo Comments

FUNDING

Couponhaat Receives Pre-Series A Funding From a Private European Investor

New Delhi, February 28, 2016: Couponhaat, a Delhi based start-up and India's leading e-commerce company which provides best coupons and deals for online shoppers receives funding from a private European Investor. The undisclosed amount of funding is Couponhaat’s first Pre-Series A funding. Axel Wawrina, an investor based out of Europe has invested in the company. The fund-raising drive is in sync with its expansion plans and increasing the team size with an aim to achieve more milestones. Since the time of its very inception in the month of April 2015, Couponhaat has managed to cater to the growing demands of its huge consumer-base for best discounted coupons and deals by being self-funded so far. Couponhaat has raised its graph tremendously and attracted over 1 million hits on the websi...

Canadian Pension Fund Manager Eyes Logistics Investment in India

25Feb By NitishNo Comments

FUNDING

Canadian Pension Fund Manager Eyes Logistics Investment in India

The real estate arm of Canada's second-largest pension fund manager is looking at India's logistics sector following the announcement this week of its first investment in the country for more than six years, President Daniel Fournier said on Friday. Ivanhoe Cambridge, the real estate unit of Caisse de depot et placement du Quebec, announced a USD 250 million residential investment in India on Thursday, the first in the country since Fournier was put in charge of the division in 2010. "We're starting with multi-residential opportunities, so let's see where it takes us," Fournier said in an interview on the sidelines of a media conference at the Caisse in Montreal. "Logistics ... could be the next one." India's real estate logistics sector, which includes warehouses, distribution...

22Feb By reutersNo Comments

FUNDING

Bicycle Sharing Startup Mobike Gets Funding From Temasek, Others

Chinese bicycle-sharing startup Mobike said on Monday it has raised funding in a new round led by Singapore state investor Temasek Holdings [TEM.UL] and hedge fund Hillhouse Capital, bringing its total new funding in 2017 to more than $300 million. The Shanghai-founded startup said last month it raised $215 million from a range of investors including Tencent Holdings Ltd, Warburg Pincus LLC and Chinese travel firm Ctrip.com International Ltd. Mobike also announced an undisclosed investment from Foxconn last month, in a bid to double the number of bikes it produced last year to 10 million in 2017. A spokesman for the startup declined to confirm the amount of the most recent investment. Mobike has not shared its valuation. Mobike allows users to find, ride and pay for company bic...

Alibaba Invests in $200 Million in South Korea’s Messaging Giant Kakao Pay

21Feb By NitishNo Comments

FUNDING

Alibaba Invests in $200 Million in South Korea’s Messaging Giant Kakao Pay

Alibaba's payment affiliate Ant Financial will invest USD 200 million in a unit of South Korean messaging giant Kakao, the companies said today, the Chinese firm's latest step to expand its global reach. The investment in Kakao Pay comes less than a month after Ant bought US-based payments operator MoneyGram for around USD 880 million and struck a partnership deal with Thailand's Ascend Money in November. Ant is behind Alipay, which accounts for 80 [ercent of electronic payments in China where it is used for e-commerce at Alibaba online venues and a large number of mobile applications. Ant is also involved in investment services and online banking. "South Korea is an important market for Ant Financial in its global expansion," said Douglas Feagin, president of Ant Financial Intern...

14Feb By AdityaNo Comments

FUNDING

Delhi-NCR Based Startup Cloud1 Enterprises Raises Funding From JLL India

Property consultant JLL India's arm has invested an undisclosed amount in the NCR-based Cloud1 Enterprises, a technology platform for bringing efficiency in employee transportation. In October last year, JLL India had launched a real estate technology investment vertical and made first investment into Foyr.com. This structured vertical makes proprietary investments into early-stage technology companies with the potential to disrupt the real estate business. JLL India today announced its investment in Cloud1 Enterprises, which it said is "an end-to-end cloud based platform that enables corporates to deploy telematics technologies to bring efficiency to employee transportation." "Estimated at USD 2 billion in India alone, the employee transportation sector is currently highly fragme...

13Feb By PriyankaNo Comments

FUNDING

SigTuple Raises $5.8 Million in Series A funding From Sachin & Binny Bansal

SigTuple, a bangalore-based healthtech startup has raised USD 5.8 million in Series A funding led by Accel Partners Sachin Bansal, Binny Bansal and Amit Singhal & Others. The company provides a data driven, machine-learned, cloud-based solution to improve the accuracy and efficiency in disease diagnosis. To gain insights from data the company have a machine learning platform called Kurma. Founded by three IITians Rohit, Apurv and Tathagato, SigTuple plans to revolutionise global healthcare space through data driven intelligence. The startup also raised USD 740,000 in October 2015 from Sachin Bansal, Binny Bansal, Accel Partners, Ashok Bareja, Dr. Nirupa Bareja and Debanjan Mukherjee. “Our goal is to develop intelligent, scalable and affordable disease screening solutions which...

13Feb By PriyankaNo Comments

FUNDING

Bengaluru Based Flutura Raises $7.5 Million Series A Funding

Flutura Decision Sciences and Analytics (Flutura), the Industrial Internet-of-Things (IoT) company today announced a fund raise of $7.5 million (approx. 51 crore), one of the largest in the Industrial Intelligence space. This Series A round is led by Vertex Ventures and supported by Lumis Partners and existing investor, The Hive. Founded in 2012, Flutura provides mission critical insights to drive industrial outcomes, based on their capability to interpret machine signals from connected assets and connected processes. Applicability of the solutions ranges from powering new business models for machinery manufacturers to optimizing complex process and discrete manufacturing operations. Their flagship software platform, Cerebra, provides diagnostics and prognostics through machine le...

9Feb By AnkitaNo Comments

FUNDING

MobiKwik Looking To Raise Fresh Funding in 3 Months

Digital payments firm MobiKwik today said it is looking at raising fresh funding in three months as it revs up expansion to compete head-on with rivals like Paytm. The company, which has raised over USD 85 million in funding so far, also expects to break-even by middle of next year. "We are looking at raising a decent amount of fund. While we are well-capitalised at this time, fresh funding will help us expand our customer base of merchants and consumers. We have grown at a massive pace in the weeks after demonetisation and the funds will help us strengthen our operations and expand," MobiKwik founder and CEO Bipin Preet Singh told PIXR8. He, however, declined to comment on the amount being raised as the discussions are still on. "We are talking to both new and existing investors....

99perhour.com Raises $300,000 From Angel Investor Mr. V. Aanand R.

8Feb By AdityaNo Comments

FUNDING

99perhour.com Raises $300,000 From Angel Investor Mr. V. Aanand R.

On-demand services 99perhour.com has raised a seed fund of $300,000 from angel investor Mr. V. Aanand R. of Virginia State (USA). The fund will be utilised to expand service categories from the present 18 to 100 across - utility, professional and personnel services. Hourly paid services is a new concept in India and the firm is happy that within a short span they have completed 20000 orders in Hyderabad alone with 98% positive feedback. With such accomplishment, 99PerHour foresees a huge potential for their model across the globe. Presently, the company 99PerHour Services (India) Pvt. Ltd. is building its vendor database in Singapore, Virginia State (U.S) and Santiago simultaneously which will help them begin their operations soon. 99PerHour delivers top-quality on-demand services...

7Feb By PriyankaNo Comments

FUNDING

Online Travel Portal TravelTriangle Raises $10 Million Funding

Online travel firm TravelTriangle has raised USD 10 million (over Rs 67 crore) in series B funding led by Singapore-based VC firm RB Investments. The company's existing investors SAIF Partners and Silicon Valley venture fund Bessemer Venture Partners also participated in the funding round, TravelTriangle said in a statement. Commenting on the development, TravelTriangle Co-Founder and CEO Sankalp Agarwal said: "We have grown faster than OTAs in the leisure segment and now fast approaching their scale. With the association with RB Investments in this round we will achieve our vision faster". The current round of fund infusion will be utilised for providing better value to customers and ramping up team, the company said. "We see TravelTriangle marketplace as the key beneficiar...

4,000 Karnataka Startups Received Investment of $1 Billion in 2 Years

6Feb By PriyankaNo Comments

FUNDING

4,000 Karnataka Startups Received Investment of $1 Billion in 2 Years

Karnataka continues to lead the country in the Information Technology and Bio Technology sectors, and over 4000 start-ups have received investments of USD 1 billion over the past two years, Karnataka Governor Vajubhai Vala today said. In his customary address to the joint sitting of the state legislature reflecting government's policies and priorities, he said public transport and scientific traffic management are essential to address the traffic problems faced by this IT city. "Karnataka continues to lead the country in the Information Technology and Bio Technology sectors, which are growing at a rate of 10 per cent to 12 per cent a year and creating new avenues for employment," Vala said. He said "With the launching of a new start-up policy the state has retained its lead as one...