Tuesday, March 19

FUNDING

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

Fitness App HealthifyMe Raises $1 Million Funding
FUNDING

Fitness App HealthifyMe Raises $1 Million Funding

Fitness app HealthifyMe has raised $1 million (Rs 6.7 crores) from Dubai-based investor Neelesh Bhatnagar whose company NB Ventures has been actively investing in Indian startups, the company said in a statement. Founded in 2012 by Tushar Vashisht, Mathew Cherian and Sachin Shenoy, HealthifyMe claims to be the first app to introduce calorie tracking of Indian dishes. The company delivers measurable results on eating habits, fitness, and weight. With over 200 employees, it has physical presence in Bangalore, Delhi, Mumbai and Chennai within India. The app has crossed the one million download mark on the Google PlayStore, and is also available on the App Store. “I am keen on investing in emerging digital first Indian startups that have the ability to expand internationally with an a...
China Tech Giant LeEco in Talks on $1.4 Billion Funding
CHINA, FUNDING

China Tech Giant LeEco in Talks on $1.4 Billion Funding

Cash-strapped Chinese technology conglomerate LeEco is in talks on securing a 10 billion yuan (USD1.4 billion) deal with an unnamed strategic investor, its listed unit said. Leshi Internet Information and Technology said in a filing to the stock exchange late Wednesday that its parent company had signed a framework agreement with the investor and the two sides were still discussing the final details. It did not disclose the identity of the investor, but the China Business News cited a source familiar with the situation as saying that it was an insurance company. LeEco has been expanding aggressively in a range of businesses including online entertainment, electric and driverless cars and smartphones, but the firm's billionaire chief executive Jia Yueting warned staff last month that ...
Videos Streaming Platform Dekkho Raises USD 1.2 million Seed Funding
FUNDING

Videos Streaming Platform Dekkho Raises USD 1.2 million Seed Funding

Videos streaming platform Dekkho has raised USD 1.2 million in a seed funding round from seven marquee angel investors. However, the company hasn’t disclosed the names of the investors. “We are looking to revolutionise the way entertainment is consumed and delivered in India and create India’s first social video network, where users are closely connected to their favourite content creators. Indian consumers are far from paying for online content. We aim to create a sustainable, three-way ecosystem for content producers, advertisers, and users through a free-to-use service.” , said co-founder Tanay Desai. Dekkho is a free over-the-top (OTT) content provider that consumes less internet bandwidth and also offers offline viewing facility. The company claims to have over 12,000 hours of p...
Hyperlocal Logistics Startup ShadowFax Raises 68 Crore Funding
FUNDING

Hyperlocal Logistics Startup ShadowFax Raises 68 Crore Funding

Shadowfax, one of India’s largest express delivery platform has raised $10 million (Rs 68 crore) in Series B funding led by existing investor Eight Roads Ventures, an investment arm of Fidelity International Ltd. The investment will use to build its network, consolidate its market position and stabilise performance in existing cities, Eight Roads said in a statement. The company provides logistics support for intra city movement across multiple segments such as F&B, grocery, and e-tailing in 15 cities. It has recently launched low cost express delivery in an additional 10 cities. The latest expansion takes its total pin code coverage to more than 1500 adding cities like Ahmedabad, Indore, Faridabad, Kolkata, Chandigarh, Vadodra, Vishakhapatnam, Nagpur, and Lucknow. The startup will ...
Mobile Advertising Network Yeahmobi Raises About $100 Million in Funding for Expansion
CHINA, FUNDING

Mobile Advertising Network Yeahmobi Raises About $100 Million in Funding for Expansion

Mobile performance marketing network Yeahmobi has just raised RMB 639 million (about $100 million), to bolster its global expansion. The Xi'an, China-based company is now valued at about RMB 5 billion (about $720 million). Investors in the private placement include Beijing Bohai Tongxin Private Equity Fund (RMB 120 million), Nanjing Huawen Hongsheng Startup Investment Fund (RMB 100 million), Shenzhen Qianhai Bochuang Private Equity Fund (RMB 60 million), and 11 others. The funding is said to be used as working capital needed in mobile advertising business in subsidiary companies and branches, as well as acting as reserve fund for the company's M&A efforts of consolidating global digital media assets. As part of Yeahmobi's global aspiration, Yeahmobi plans to leverage the favorable ca...
Member of World Bank Group Invested in India’s Online Education Startup BYJU’s
FUNDING

Member of World Bank Group Invested in India’s Online Education Startup BYJU’s

IFC, a member of the World Bank Group, today said it has invested $15 million in online education startup BYJU's. This partnership will enable BYJU's to further their plans to make quality education accessible for students across the nation as well as in international markets, International Finance Corporation (IFC) said in a statement. In September, BYJU's had raised USD 50 million from a clutch of investors, led by Chan Zuckerberg Initiative (CZI) and Sequoia Capital. BYJU's has also raised USD 9 million from Aarin Capital in 2013, followed by Series B funding of USD 25 million from Sequoia Capital last year and a USD 75 million fund raise from Sequoia Capital and Sofina earlier this year. "The investment from IFC recognises our commitment to create world-class learning programs th...
Amazon Invests 2010 Crore into Amazon India, Total Investment 7000 Crore in Past 12 Months
FUNDING

Amazon Invests 2010 Crore into Amazon India, Total Investment 7000 Crore in Past 12 Months

It seems Jeff Bezos led American e-tailer Amazon launched full fledged e-commerce war against India's leading e-commerce firm Flipkart. According to latest information Amaon has invested Rs 2,010 crore into Amazon.in. The total investments in Amazon Seller Services to Rs 7,000 crore in the past 12 months, according to regulatory filings. The latest investment strategy from Amazon, making the points raised by Flipkart Founder Sachin Bansal and cab aggregator Ola Founder Bhavish Aggarwal, seeking government intervention and asking the country to protect Indian-origin startups to counter capital dumping by foreign rivals. Last week, Amazon rolled out Prime Video and prime service for which it is in discussions with content players and offers its users a host of features like quicker del...
Jewellery Marketplace VivoCarat.com Raises $50,000 Seed Funding
FUNDING

Jewellery Marketplace VivoCarat.com Raises $50,000 Seed Funding

Online jewellery marketplace, has raised USD 50,000 in seed funding from a group of individual investors. The funds will be used for product development, team building and marketing, it said in a statement. Founded in early 2016 by Ritesh Oza and Abhijith Shetty, VivoCarat is an online portal of diversified jewellery brands that showcases striking and spectacular jewellery products. VivoCarat has successfully managed to join hands with more than 30 reputed brands across Mumbai & other cities like Jaipur, Surat, Kolkata and New Delhi." said Ritesh Oza, CEO, VivoCarat.com.  We add a minimum of 100-150 new designs on the site every month and will continue to bring more varieties for customers across the country.
NoBroker.com Raises Rs 50 Crore Funding in Series B, Total Received Funding is Now 122 Crores
FUNDING

NoBroker.com Raises Rs 50 Crore Funding in Series B, Total Received Funding is Now 122 Crores

NoBroker.com has raised USD 7 million (about Rs 50 crore) as part of its series B funding. This is the extension of the USD 10 million Series B round announced few months back this year, taking cumulative amount to USD 17 million. This extension round is led by Korean investor KTB Network and saw participation from existing investors - SAIF Partners, BEENEXT and Digital Garage, it said in a statement adding that the total funding raised till date by NoBroker.com amounts to USD 20 million. "Our aim is to use these funds to expand rapidly and move towards becoming the number one online real estate player in India in terms of closed transactions in next 24 months," NoBroker.com CTO and co-founder Akhil Gupta said. The consumer-to-consumer platform provides a select number of owner contac...
KKR-Backed Emerald Media, Premji Invest Lead $35 Million Funding Round in Amagi Media Labs
FUNDING

KKR-Backed Emerald Media, Premji Invest Lead $35 Million Funding Round in Amagi Media Labs

Emerald Media, the Pan-Asia company backed by leading global investment firm KKR for investing in the media and entertainment sector, today announced that it has acquired a significant minority stake in Amagi Media Labs (‘Amagi’), the leader in targeted TV advertising and cloud-based TV broadcast infrastructure. Premji Invest, the investment arm of Azim Premji, (an existing shareholder) is also participating in this combination of primary and secondary US$35 million Series D round. Mayfield India and Nadathur Holdings will continue to remain invested in the Company. Headquartered in Bengaluru with offices in New York City, London, and Hong Kong, Amagi is a next-generation media technology company providing cloud-based managed broadcast services and targeted advertising platforms to c...
India’s Leading IT Giant Infosys Invested in Drone Making Startup Ideaforge
FUNDING

India’s Leading IT Giant Infosys Invested in Drone Making Startup Ideaforge

Infosys, a global leader in consulting, technology, outsourcing and next-generation services, today announced that it has made an investment from its Innovation Fund in Mumbai based ideaForge, an Indian startup focused on Unmanned Aerial Vehicle (UAV) solutions. The total amount invested was 70 crores with participation from other investors as well. "We are very excited to have Infosys as an investor and a partner for exploring UAV services and solutions for global customers. This partnership will play an important role in our industrial expansion to address a wide variety of data acquisition and analysis needs," said Ankit Mehta, Co-founder and Chief Executive Officer at ideaForge. ideaForge has built a world-class UAV solution featuring fully autonomous operation, cutting edge fail...
Delhi Based Startup Fresh Food Concepts Secures $2 Million in Pre-series A Funding
FUNDING

Delhi Based Startup Fresh Food Concepts Secures $2 Million in Pre-series A Funding

North India's leading startup for cold-pressed juices, Fresh Food Concepts has secured $2 million in a pre-series A round led by Angel investors Siddhartha Gupta and Ashvin Chadha. This announcement comes as the Delhi-NCR-based startup moves its flagship product Juice Up into the next phase of expansion. Available in over 250 locations across Delhi NCR, Juice Up offers a range of 100% raw and fresh cold pressed juices. Speaking about recent developments, Riju Gupta, Founder CEO, Fresh Food Concepts said, "We are on target to hit 75,000 bottles per month so the timing of this investment is very strategic. Delhi NCR has 50 million people, making it bigger than many countries in the world. This gives us a great opportunity to grow 20X in this region alone." The current round of funding will ...