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.

Alok Mittal Led Indifi Raises $10m From Omidyar, Existing Investors
FUNDING

Alok Mittal Led Indifi Raises $10m From Omidyar, Existing Investors

Indifi Technologies, an enabler of micro, small, and medium enterprises (MSME) financing, has raised USD 10 million in a Series B investment round led by philanthropic investment firm Omidyar Network, established by the founder of eBay, Pierre Omidyar. Existing investors Accel Partners and Elevar Equity also participated in the round. Indifi Technologies, while maintaining its focus on MSME businesses, intends to direct the investments towards furthering its products and technology, it said in a statement today. "Through our current roadmap, we have validated our vertical approach to financing and are now present across travel, e-commerce, retail, and hotel segments. The capital raised in this series will be targeted toward improving our offerings in these verticals," said Alok Mitt...
Bill Gates Starts $1 Billion “Breakthrough Energy Ventures Fund” on Climate Change
FUNDING, News

Bill Gates Starts $1 Billion “Breakthrough Energy Ventures Fund” on Climate Change

Microsoft co-founder Bill Gates and a group of high-profile executives are investing USD 1 billion in a fund to spur clean energy technology and address global climate change a year after the Paris climate agreement. Gates launched the Breakthrough Energy Ventures fund on Monday along with billionaire entrepreneurs such as Facebook Inc head Mark Zuckerberg, Alibaba Group Holding Ltd Chairman Jack Ma and Amazon.com chief Jeff Bezos. The fund seeks to increase financing of emerging energy research and reduce global greenhouse gas emissions to help meet goals set in Paris, according to a statement by the investor group known as the Breakthrough Energy Coalition. It marked the first major investment of the coalition formed in December 2015 to spur research, development and deployment of c...
Shared Car Revv Raises $9 Million Funding From Edelweiss Private Equity, Others
FUNDING

Shared Car Revv Raises $9 Million Funding From Edelweiss Private Equity, Others

World's first self-drive car rental platform Revv has raised USD 9 million in equity and debt from Edelweiss Private Equity and others. The series A equity funding led by Edelweiss Private Equity and debt funding from financing and leasing partners like Mahindra & Mahindra Financial Services and LeasePlan India, it said in a statement. The fresh capital will be used towards expanding into new cities, launching new products, and building proprietary technology to enhance customer experience, it added. The startup already counts the likes of Gautam Kumra (recently elected India MD of McKinsey & Company), Rajat Dhawan (Mentor to McKinsey's automotive practice) and Ananth Narayanan (Myntra CEO) as its angel investors. sms финанс займзайм под залог птс барнаулонлайн займ 24...
Indore Based Fitness App Froyofit Raises Pre-Series A Funding From Indian Actress
FUNDING

Indore Based Fitness App Froyofit Raises Pre-Series A Funding From Indian Actress

Indore-based fitness discovery platform, Froyofit has raised an undisclosed amount of Pre-series A funding in a round led by Dr. Pooja Gandhi, who is an Indian actress and producer and works mainly in Kannada and Tamil cinema and has two Filmfare awards to her name. Pooja will also be the face of Froyofit in South Indian market. Froyofit is a fitness app available on Android and iOSplatforms and caters mainly to the tier-2 market of fitness enthusiasts. "This capital will give us additional resources to expand strategically into new markets, innovate rapidly, and deliver on our vision to make fitness discovery easy and accessible to everyone," said Piyush Jain, Founder of Froyofit. "The response to the concept of fitness discovery is really overwhelming in tier-2 markets and we consi...
SlideApp Raises $3.6 Million Led By Songhyun Investment
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 ...
Online Travel Portal IXIGO Raises $10 Million Funding From Sequoia Capital India
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
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
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
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
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
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
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...