FUNDING | Pixr8 News

SlideApp Raises $3.6 Million Led By Songhyun Investment

2Dec By NitishNo Comments

FUNDING

SlideApp Raises $3.6 Million Led By Songhyun Investment

SlideApp, a lock screen app that awards Android users for reading content, today said it has raised USD 3.6 million in series A funding, led by Songhyun Investment. With a download base of over 5 million, the platform plans to utilize the newly raised funds to scale its user base, develop products and strengthen its brand presence in the market. It will also use part of the funding to further develop the platform in order to make it more and more innovative and user friendly. "Our aim is to improve and enhance the experience of existing users and constantly focusing on acquiring new users. We will continue to multiply our outreach as much as we can and build upon providing value to our users. Also, relentless support to advertisers in ways that result in maximum conversion for them ...

29Nov By Ankita SinghNo Comments

FUNDING

Online Travel Portal IXIGO Raises $10 Million Funding From Sequoia Capital India

Ixigo, a Gurugram-based online search marketplace portal has raised $10 million funding from Sequoia Capital India. Started in 2007, Ixigo started operation in flights, hotels, trips, trains, buses and cabs booking, where users can choose best options across multiple service providers. It has a separate mobile application for all of them. Ixigo is backed by Indian investors lyk India's largest online travel agency (OTA) MakeMyTrip and smartphone maker Micromax, besides venture capital firm SAIF Partners. In August 2011, SAIF Partners and Make MyTrip picked up 76.6% in ixigo for $18.5 million, valuing the company at about $25 million. SAIF bought 56.7% while MakeMyTrip picked up 19.9% then. In June 2015, Micromax picked up a stake in the company by investing about $4 million. The i...

Servify Raises Pre-Series A Investment From Blume Ventures and Beenext

26Nov By NitishNo Comments

FUNDING

Servify Raises Pre-Series A Investment From Blume Ventures and Beenext

Servify - a personal device management platform for gadgets, consumer electronics and home appliances today announced that it has raised Pre-Series A investment led by Blume Ventures and Beenext . The investment round also saw participation from existing investors, including Germany-based Barkawi Holdings GmbH, TM Service Technology Holdings Gmbh and Sreevathsa Prabhakar, Founder of Servify. Sreevathsa Prabhakar, Founder & CEO of Servify said, "Our vision is to build a platform where consumers can get seamless post-purchase experience for all their devices - be it mobile phones or electronics or any home appliances they own. To enable this, the Servify technology platform connects consumers with brands, resellers and the service ecosystem through deeper integrations. The fund raise ...

Infosys Invests 31.6 crores in Stellaris Venture Partners

24Nov By PriyankaNo Comments

FUNDING

Infosys Invests 31.6 crores in Stellaris Venture Partners

Infosys, a global leader in consulting, technology, outsourcing and next-generation services, today announced that it has signed a definitive agreement to a Limited Partner investment of INR 31.6 crores from its Innovation Fund in Stellaris Venture Partners, an India-based early stage venture fund. This investment is towards the first close of Stellaris’ fund. India’s startup ecosystem is witnessing rapid growth led by areas such as cloud computing, Internet of Things (IoT), artificial intelligence and big data, as well as the widespread proliferation of smartphones. In this environment, Stellaris aims to back entrepreneurs building applications for global businesses, Indian SMBs and consumers in verticals such as financial services, retail, healthcare and education. Stellaris’ inves...

Healthtech Startup Idea Bubbles Raises INR 4.5 Crores Led by the IvyCamp Platform

24Nov By NitishNo Comments

FUNDING

Healthtech Startup Idea Bubbles Raises INR 4.5 Crores Led by the IvyCamp Platform

Healthtech startup Idea Bubbles has raised a Pre-Series A round of INR 4.5 Cr led by the IvyCamp platform. Idea Bubbles was founded in 2014 by IIT Delhi-IIM Calcutta alumnus and serial entrepreneur Gururaj Potnis. It has developed ‘Eureka Forbes Good Health’ (EFGH) platform that enables doctors to offer patients tele-consultation services underpinned with several offerings such as digitized medical records. Idea Bubbles has over 12,000 patients and 600 doctors on its roster and has completed 1,000 transactions. This fund raise was facilitated by IvyCamp, a Unified Innovation and Entrepreneurship Platform, that leverages the Global Alumni Networks to help entrepreneurs become successful. Eureka Forbes was one of the key investors which participated in this round facilitated by IvyCamp...

NBCUniversal Invests $200 Million in BuzzFeed

22Nov By reutersNo Comments

FUNDING

NBCUniversal Invests $200 Million in BuzzFeed

Online media company BuzzFeed, best known for its list-based articles and quizzes, said Comcast Corp's NBCUniversal had invested an additional USD 200 million in the company. NBCUniversal last year invested roughly the same amount in BuzzFeed. NBCUniversal parent Comcast has pumped heavily into digital-native companies such as BuzzFeed and Vox Media, partly in an effort to better service existing advertisers. BuzzFeed, whose content generates 7 billion views each month, will collaborate with NBCUniversal on production and social distribution for NBCUniversal's Content Studio, the companies said on Monday. In August, BuzzFeed split itself into news and entertainment divisions amid media companies' struggle for balance between covering news and politics, and lighter fare like social...

Infosys Invest 14.5 Crores in AI Based Startup UNSILO

18Nov By AnkitaNo Comments

FUNDING

Infosys Invest 14.5 Crores in AI Based Startup UNSILO

Infosys a global leader in consulting, technology, outsourcing and next-generation services, today announced that it has made an investment of 14.5 Crores in UNSILO, a Danish artificial intelligence startup focused on advanced text analysis. UNSILO uses a unique combination of machine-learning and natural language processing to analyze large quantities of text and improve the speed and effectiveness of knowledge workers across many industries. “We see Denmark as a global hub of world-class innovation with talented people, a good education system and a track record of entrepreneurial success. UNSILO have built an impressive semantic search engine with best-in-class text intelligence, which powers a range of advanced business processes. We will partner with UNSILO to bring their artifi...

Koovs Gets 92 Crores Investment from TOI Group, Others

17Nov By AdityaNo Comments

FUNDING

Koovs Gets 92 Crores Investment from TOI Group, Others

UK-based online fashion player Koovs plc has raised 10.9 million pounds (about Rs 92 crore) from existing and new shareholders, including 3.9 million pounds from the Times of India Group. "Koovs plc is pleased to confirm a strategic investment in the company of 3.9 million pounds from the Times of India Group and a further 7 million pounds investment by new and existing shareholders, through the issue of 21,700,000 new ordinary shares at 50 pence per ordinary share," the online firm said in a statement today. The capital raise is part of the final tranche of the company's three-year investment programme to raise approximately 35 million pounds that was announced in September 2015. This brings the total amount raised under this programme to 31 million pounds to date. "The company a...

Infosys Invested Undisclosed Amount in US-based TidalScale

11Nov By NitishNo Comments

FUNDING

Infosys Invested Undisclosed Amount in US-based TidalScale

Country's second-largest IT firm Infosys today said it has invested an undisclosed amount in US-based TidalScale. The California-headquartered firm's solution collates all physical server resources as if it were running on a single large computer to help clients with large computing problems. TidalScale helps companies draw insights from big data faster, more easily and with greater flexibility at improved costs. "Among our client base, we see a need for inventive and cost-effective approaches to derive business value from big data, and our investment in TidalScale underscores our commitment to our clients to bring innovative new solutions across our platforms and offerings," Infosys Executive Vice-President of Corporate Development and Ventures Ritika Suri said in a statement. ...

O2O Platform Square Yards Raises USD 12 Million Investment From Anil Ambani

9Nov By NitishNo Comments

FUNDING

O2O Platform Square Yards Raises USD 12 Million Investment From Anil Ambani

India's largest online to offline (O2O) real estate transaction player Square Yards has raised USD 12 million investment from the Private Equity arm of Anil Ambani led Reliance Group. This is Square Yards' first institutional investment after it had raised USD 11 million from a clutch of HNW investors last year. Founded in 2013, Square Yards is the largest distributor for primary residential real estate in India, and it enjoys a leadership position in the Non Resident Indian (NRI) markets. "With this collaboration, the company will be able to draw on Reliance's extensive experience, particularly in scaling up the business to a higher growth trajectory and creating significant shareholder value in the process. Besides capital, we will also get access to best practices in running la...

OnlineTyari Gets Rs 20 Cr Led By Michael & Susan Dell Foundation

8Nov By NitishNo Comments

FUNDING

OnlineTyari Gets Rs 20 Cr Led By Michael & Susan Dell Foundation

Mobile-first test preparation platform, OnlineTyari (OT) has raised Rs 20 crore, led by the Michael and Susan Dell Foundation (MSDF). MSDF made an equity investment of Rs 15 crore (USD 2.1 million) in the company, OnlineTyari said in a statement. OT offers a mobile application that allows highly customised, curated and vernacular test preparation content delivered through very low Internet bandwidths. It offers a full suite of solutions, including entrance tests for public sector units, government jobs and higher education institutes. It has recorded nearly 3.5 million downloads and over 400,000 daily active users. "This investment from MSDF will help OT expand its vernacular offering, widen examination coverage and strengthen its technology and analytics engine," the statement said....

8Nov By AnkitaNo Comments

FUNDING

Mumbai Based Car Rental Startup Justride Raises 20 Crore Funding From Y Combinator

Mumbai Based Car rental startup JustRide raises 20 Crore (about $3 million) funding from global investors, including Y-Combinator partners. Justride will use funding for expanding the company's car-sharing platform JustConnect and developing Yabber, an IoT device that works on connected car technology and data analytics to analyze the driving skills of the customers. "A vast majority in India do not have access to personal transport, presenting an extensive market for car rentals. The challenge is to build a sustainable car-sharing model to cater to the average urban commuters, while keeping in mind the interests of the car owners, who have a depreciating asset that is their car and does not get any return on it," said Ashwarya Singh, chief executive officer and co-founder, JustRide. ...