FUNDING | Pixr8 News

19Jun By AnkitaNo Comments

FUNDING

Car servicing startup GoMechanic Raises funding from Pawan Munjal

New Delhi, Jun 18, 2020: Hero MotoCorp Chairman Pawan Munjal invests in Car servicing startup GoMechanic. The investment made by Munjal in his personal capacity comes in addition to the Series B round of institutional funding received by the company, GoMechanic said in a statement. The latest funding would be used by the company to strengthen its technology stack, fuel geographical expansion, streamline spare parts procurement and amplify brand promotion, it added. Munjal's coming on board as an investor will further enhance the company's profile and will add to the rapid growth of the startup, which has already raised funds from prominent investors such as Sequoia Capital, Chiratae Ventures, Rohit Bansal, Kunal Bahl, Orios and Dhianu Das, it said. "Having Pawan Munjal as an i...

California based Workforce Upskilling platform Degreed raises $32 million

18Jun By PriyankaNo Comments

FUNDING

California based Workforce Upskilling platform Degreed raises $32 million

PLEASANTON, Calif., June 18th, 2020 -- Upskilling platform, Degreed has raised $32 million in new funding in direct response to overwhelming demand for better skill insights, talent mobility, and a user-focused learning experience. Owl Ventures led this latest round, bringing Degreed’s total funding to $182 million. According to Human Resource Executive, 75% to 80% of workers don’t complete their HR system’s talent profile, leaving organizations without a critical data set needed to inform agile business decisions. Degreed helps companies overcome this gap by enabling employees to develop their skills and create skill profiles. Using that data, the platform can then promote career mobility by connecting users to project, gig, and job opportunities. This round of funding will accele...

16Jun By PriyankaNo Comments

FUNDING

Silicon Vally based AI Startup Drishti raises $25M in Series B round of funding

MOUNTAIN VIEW, Calif., June 16, 2020– AI-powered video analytics startup Drishti Technologies raises investment of $25M in Series B round. The round was led by Sozo Ventures, was raised upon demonstrated evidence that Drishti’s AI-powered video analytics, data, and insights bring significant benefits to manufacturers and the people they employ on the factory floor. As part of this round, Uday Sandhu from Alpha Intelligence Capital has joined Drishti’s board of directors. Alpha Intelligence Capital, Toyota AI Ventures, Micron Ventures, Presidio Ventures, HELLA Ventures, as well as current investors Emergence Capital, Benhamou Global Ventures and Andreessen Horowitz, also participated in the round. Drishti’s Series B financing will fuel its expansion into plants across North ...

15Jun By AdityaNo Comments

FUNDING

Ed-tech startup Edvizo raises $150,000 in funding

Bangalore-based ed-tech startup Edvizo raises $150,000 (more than Rs 1.13 crore) in a seed funding round from Inflection Point Ventures. Edvizo acts as an online marketplace to search, compare and enroll in the best institutes for competitive exam preparation. It enables coaching institutes to get more students through their platform thereby helping them reduce their expenses on marketing and branding and invest more in acquiring top teaching talent. Edvizo has associated with 2650 institutes already and has over 50,000 registrations on its platform. The venture intends to utilise these funds to strengthen its technical & sales team, along with acquiring more users and expanding to more cities. "We are excited to work with IPV to continue building and rolling out our ed-tech ...

TPG picks 0.93 pc stake in Jio Platforms for $600 Million

13Jun By PriyankaNo Comments

FUNDING

TPG picks 0.93 pc stake in Jio Platforms for $600 Million

New Delhi, Jun 13, 2020: Reliance Industries sold 0.93 percent stake in its digital unit Reliance Jio to global alternative asset firm TPG for $600 million (Rs 4,546.80 crore), taking the cumulative fundraising to over $13.49 billion (Rs 1.02 lakh crore) by selling nearly 22% stake that will help pare debt at the oil-to-telecom conglomerate. "TPG will invest $600 million (Rs 4,546.80 crore) in Jio Platforms at an enterprise value of $65 billion (Rs 5.16 lakh crore)," the company said in a statement. The investment will translate into a 0.93 per cent equity stake in Jio Platforms on a fully diluted basis for TPG. "With this investment, Jio Platforms has raised $13.49 billion (Rs 102,432.45 crore) from leading global technology investors including Facebook, Silver Lake, Vista Equit...

California based JIFFY.ai raises $18mn led by Nexus Venture Partners

12Jun By PriyankaNo Comments

FUNDING

California based JIFFY.ai raises $18mn led by Nexus Venture Partners

Palo Alto, Calif, Jun 12 2020: Enterprise automation platform JIFFY.ai raises USD 18 million (around Rs 136 crore) in Series A round funding led by Nexus Venture Partners. The funding round also saw participation from Rebright Partners, W250 Venture Fund (founded by alumni of the Stanford Executive Program), and corporate leaders led by Sri Viswanath, Richard Galanti, Charles Goldman, Tony Thomas, Jim Brady, and Bob Ward, a statement said. "Our goal is to set a new standard for business at the intersection of entrepreneurship and innovation. Across our entire team, we''re dedicated to tackling the effects of automation on the workforce, not just by accelerating the path to profit for businesses, but also through our foundation arm, we''ll invest in programmes to re-train and up-skil...

Flatfile Raises $7.6M from Two Sigma Ventures & Google

11Jun By AdityaNo Comments

FUNDING

Flatfile Raises $7.6M from Two Sigma Ventures & Google

DENVER, June 11, 2020-- Flatfile, a drop-in spreadsheet importer raises $7.6 million in funding led by Two Sigma Ventures, with participation from existing investors including Afore Capital, Designer Fund, and Gradient Ventures, Google's AI-focused venture fund. New investors HNVR, Work Life Ventures, Quiet Capital, Basecamp Fund, and Soma Capital also participated in this round. The funding coincides with the launch of Concierge, its newest product focused on data onboarding for large enterprises. Founded in 2018 by David Boskovic (CEO) and Eric Crane (COO), Flatfile's mission is to remove barriers between humans and data. The company's software products focus specifically on solving the problem of data onboarding, the process businesses use to accept data...

Anand Mahindra invests $1 million in Indian social media startup Hapramp

11Jun By AnkitaNo Comments

FUNDING

Anand Mahindra invests $1 million in Indian social media startup Hapramp

NEW DELHI: Mahindra Group Chairman Anand Mahindra has invested USD 1 million (about Rs 7.5 crore) in Gurugram-based Hapramp -- a startup working on technologies like blockchain and social media. The startup was founded in 2018 by five students of Indian Institute of Information Technology-Vadodara. "Took 2 yrs, but I finally found the start-up I was looking for! @Hapramp is indigenous, built by 5 young founders & brings together a best-in-class combination of creativity, technology & data protection. Look out for @gosocial_app their social networking platform," Mahindra tweeted on Wednesday. In 2018, Mahindra had announced via Twitter a funding opportunity for an Indian social media startup that met certain criteria. He had asked ex-Mahindra executive, Jaspreet Bindra...

Anvil Raises $5M from Google and Citi Ventures

4Jun By AdityaNo Comments

FUNDING

Anvil Raises $5M from Google and Citi Ventures

SAN FRANCISCO, June 4, 2020-- Anvil, a paperwork automation platform raises $5 million in Series A investment. Gradient Ventures Google's AI-focused investment fund led the round, with participation from Citi Ventures, Menlo Ventures, Financial Venture Studio, and 122 West. Anvil is a low-code paperwork automation platform that helps businesses quickly build simple online experiences for paperwork processes. Paperwork is at the core of office work in America; every day millions of forms are shared, filled out, signed, and then returned to the requester for processing. The process is insecure, error-prone, tedious, and requires countless human hours to transcribe information from PDFs into various computer systems. Endless forms also waste valuable time and cause frustration...

4Jun By AdityaNo Comments

FUNDING

Gojek raises funding from Facebook and PayPal

4th June, 2020: Social media giant Facebook and PayPal invested in Indonesia based ride-hailing and digital payment startup Gojek. The size of the deal has not been disclosed yet. Gojek announced today that Facebook and PayPal have joined Google, Tencent, and others as investors in its current fundraise. This new investment will support Gojek’s mission to boost Southeast Asia’s digital economy, with a focus on supporting payments and financial services in the region." company said in a statement. Starting as a ride-hailing service in 2010, Gojek launched an app five years later that soon turned into a "super-app" offering a wide range of services including deliveries, takeaway food and financial services. The investment is Facebook's first in Indonesia, Southeast Asia's lead...

2Jun By AdityaNo Comments

FUNDING

Knorish raises $323k in funding for business expansion

New Delhi, June 2, 2020: IT start-up Knorish has raised $323000 (Rs 2.4 crore) in a funding round from Standard Greases Family group and former business head of Sony Liv, Uday Sodhi, to expand operations, the company said on Tuesday. Earlier in December, it had raised funding from venture capitalist firm 100X.VC as part of its seed funding round. "Knorish has raised USD 3,23,000 (about Rs 2.4 crore) as part of its pre-series A as a follow up to the seed round raised in December last year by 100X.VC. The current round saw participation from the Standard Greases Family group and Uday Sodhi, ex-business head of Sony Liv," the company said in a statement. Knorish provides software tools to professionals for launching online platform. "We are looking at global growth to touch lives...

2Jun By AnkitaNo Comments

FUNDING

Beacon raises $15 million funding from Jeff Bezos & others

LONDON, June 1, 2020 -- Uk based logistics company Beacon has raised over $15 million in its Series A fundraising round, with investors including Jeff Bezos, the founder and CEO of Amazon, and leading US venture capital firm 8VC. Beacon was founded in 2018 by CEO Fraser Robinson and COO Dmitri Izmailov, both former Uber executives. They were joined by CTO Pierre Martin, previously at Amazon, bringing together a management team with deep expertise in logistics, technology, finance and hyper-growth. The freight forwarding and supply chain finance industries are worth an estimated $1 trillion and $12 trillion a year, respectively. Beacon offers a full range of services, including global ocean, air and truck freight, together with supply chain finance, all of which can be accesse...