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Startup IdeaChakki Raises Funds From Ratan Tata

12Sep By NitishNo Comments

FUNDING

Startup IdeaChakki Raises Funds From Ratan Tata

Food tech startup IdeaChakki has raised an undisclosed amount of funding from leading industrialist Ratan Tata. The city-based startup, which provides digital video menu for restaurants and allows customers to gift food and beverage experience across the world, has also partnered with investment bank Enablers for their next round of funding. The funds raised from Tata will primarily be used for expansion into new geography, along with building the in-house team and strengthening the technology, IdeaChakki said in a statement. The Chairman Emeritus of Tata Sons has been actively investing in startups in India and abroad. Some of these firms include Snapdeal, Kaaryah, Urban Ladder, Bluestone, CarDekho, Sabse Technologies, Xiaomi, Ola, DogSpot.in, Tracxn, CashKaro, FirstCry and Teabo...

Digital Education Platform TopRankers Raises Rs. 4.5 Crore

10Sep By PriyankaNo Comments

FUNDING

Digital Education Platform TopRankers Raises Rs. 4.5 Crore

Digital Education platform TopRankers announced raising Rs. 4.5 crore funding from Careernet Consulting and Ideation Initiative Pvt. Ltd. The company plans to utilize the capital to upgrade its services by investing in innovative technology, and also expand its geographical presence in India. TopRankers is a Bengaluru-based online test preparation portal that enables students to prepare for competitive exams through an innovative platform. It offers comprehensive study materials, and elaborate tests for practice, which are carefully divided in to various chapters and topics. These can help students who are appearing for competitive exams to work on their weak areas and practice accordingly. Founded in 2014, the dynamic venture currently has offices in Bhopaland Delhiapart from Bengal...

9Sep By NitishNo Comments

FUNDING

18 Year Old Raises 1 Cr Funding For His Health Tech Startup Cureinstant

Age is just a number and sometimes people like Hamraj Kumar proves this true. This 18 year old boy has not only thought to change something big in healthcare sector but is also working hard towards making it a reality. Every one of us is afraid to do something early in our life because of the fear to fail due to inexperience. Hamraj has proved all of this wrong and is firmly moving towards his goal. He started a company named Cureinstant to make our life better. The inception of the idea was based on a mere fact that when in this social world everything around us is social then why not our health. We humans have been bestowed upon by the almighty a great sense of responsibility. People like Hamraj makes it more firm. There are problems in everyone’s life but the biggest problem of ...

9Sep By NitishNo Comments

FUNDING

Taiwan’s Foxconn Invests in Chinese Ride-Hailing Startup Didi Chuxing

Taiwan's Foxconn has invested $119.9 million in Chinese ride-hailing firm Didi Chuxing via one of its subsidiaries, the world's largest electronics manufacturer said on Thursday, in a deal that could value the start-up at about $33.7 billion. With the addition of Foxconn, Didi's roster of investors is increasingly a who's who of global tech giants, including the likes of Apple Inc, Uber Technologies Inc and Chinese firms Tencent Holdings Ltd, Alibaba Group Ltd and Baidu Inc. The deal was made public in a stock exchange filing by Hon Hai Precision Industry Co Ltd, the trading name of Foxconn. In the statement, Foxconn said its subsidiary Foxteq Holdings Inc would own 0.355 percent of Didi, one of China's highest-valued start-ups. The transaction gives Didi a valuation of $33.7 bill...

BYJUs Raises $50 mn From Chan-Zuckerberg Initiative and Others

8Sep By NitishNo Comments

FUNDING

BYJUs Raises $50 mn From Chan-Zuckerberg Initiative and Others

Online education start-up BYJUs has raised USD 50 million (about USD 332.3 crore) from a clutch of investors, led by Chan Zuckerberg Initiative (CZI) and Sequoia Capital. Other participants in the series D funding included Sofina, Lightspeed Ventures and Times Internet Ltd. The new round, which comes within months of a USD 75 million fund raise from Sequoia Capital and Sofina, will be deployed to fuel international expansion in countries like the US and the UK. It already has a presence in the Middle East. This is the first investment of CZI, which was founded by Facebook founder Mark Zuckerberg and his wife Priscilla Chan, in Asia. "The Chan Zuckerberg Initiative supports innovative models of learning wherever they are around the world," said CZIs Vivian Wu, who will join BYJ...

6Sep By AnkitaNo Comments

FUNDING

Lenskart Raises Funding From Wipro’s Investment Firm Premji Invest

Three months after its Rs 400-crore funding, Lenskart has raised an undisclosed amount from Premji Invest, the investment office of Wipro chief Azim Premji. The move will help the online eyewear retailer gain from Premji Invests extensive experience across retail brands, Lenskart CEO and Founder Peyush Bansal said. "It will also help us in our road map go public in the next 4-5 years," he added. Bansal said Premji has a lot of experience on the retail front investing in companies like FabIndia that Lenskart is looking to tap into. Previously, the Ratan Tata-backed company has raised about Rs 714 crore from investors like IFC (venture capital arm of the World Bank), TPG Growth, IDG Ventures, Unilazer Ventures and Adveq. "With this collaboration, the company will be ...

6Sep By NitishNo Comments

FUNDING

Burger Singh Raises $800000 Funding From Actor Rannvijay Singh & Others

Tipping Mr Pink, which runs fusion burger chain Burger Singh, has received a funding of USD 800,000 from investors like Beer Cafe founder Rahul Singh, Dheeraj Jain (Redcliffe Capital) and television actor Rannvijay Singh. This is in addition to the USD 200,000 funding raised months back from these investors, taking the total raised amount to USD 1 million (about Rs 6.6 crore) this year. Other investors include Ashvin Chadda, Capt Salim Sheikh (ex -Sayaji Hotels) and Avtar Monga (COO of IDFC Bank). "We will use the funds to expand our retail presence. We currently have eight stores and by September next year, we should have 26 stores that will be a mix of company-owned and franchise-owned, company-operated models," Burger Singh CEO Kabir Jeet Singh said. Unlike its rivals, Bu...

4Sep By PriyankaNo Comments

FUNDING

Coconut Entrepreneur From Gujarat Cracks the Dragons Den, Received $1 Million Funding

Dragons Den is a BBC Television Series in the UK where entrepreneurs get three minutes to pitch their business ideas to five multi-millionaires willing to invest their own cash. The Gujarati hopeful to enter the Den on Sunday the 21st August 2016 along with her business partner from Kerala was Manisha Solanki. Manisha lived most of her life in Paris, France and decided to move to London after spotting Cocofina in 2007 at the SIAL trade show in Paris. Having enjoyed the taste of coconut from a young age acquiring a 50% stake in the business was an easy choice. Cocofina won the coveted Excellence in Food and Drink Award in 2005and has never looked back since. Fast forward to 2016 and Cocofina now has a range of 30 products and is sold in thousands of stores in 28 countries including ic...

IIT Bombay Incubated Lucideus Tech Raises Funds From Angel Investor

1Sep By NitishNo Comments

FUNDING

IIT Bombay Incubated Lucideus Tech Raises Funds From Angel Investor

Cyber security service provider Lucideus Tech has received angel funding from Amit Choudhary, director of Motilal Oswal Private Equity Advisors. The start-up, which was incubated by IIT-Bombay, has previously received funding from Anand Chandrasekaran (former Snapdeal chief product officer) and Flipkart chief financial officer Sanjay Baweja. It helps enterprises assess risks to their IT infrastructure. "Typically, our angel investors have invested in the range of about USD 50,000-100,000 individually," Lucideus co-founder and CEO Saket Modi said without disclosing the size of the latest round of funding. Lucideus will use the funds for expanding its team and business operations. "The funding has also to do more with the mentorship that our angel investors provide. We have st...

One97 Communication Which Runs Paytm Raises 400 Crore From Mediatek, Valuation Upto $5 Billion

31Aug By AnkitaNo Comments

FUNDING

One97 Communication Which Runs Paytm Raises 400 Crore From Mediatek, Valuation Upto $5 Billion

Taiwanese chip designer MediaTekis investing USD 60 million (about Rs 400 crore) in One97 Communications, which runs Paytm. The transaction values the digital payment services and e-commerce firm at about USD 5 billion. When contacted, a Paytm spokesperson confirmed the development. The funds will be used for expanding payments and commerce businesses and for building and launching the payments bank, she added. Paytm founder Vijay Shekhar Sharma has earlier said its payments bank will become operational later this year. Interestingly, Mediatek is also an investor in Paytm's rival, Mobikwik in India. In May this year, Mediatek had participated in an estimated USD 50 million fund raising by Mobikwik. Alibaba-backed Paytm is looking at raising about USD 300 million (over Rs 2...

31Aug By PriyankaNo Comments

FUNDING

Zapmart to Raise $10 Million From First Round of Funding

Mumbai based online grocery startup Zapmart is all set to raise $10 Million in its first round of funding from investors. Zapmart which is a self-funded startup by Parvez Siddiqui has got a seed funding of Rs.3 Crore, which was led by two businessmen from the real estate sector. "The seed funding will be used to strengthen our technology backbone and logistics within Mumbai," said Parvez Siddiqui, founder of Zapmart. Zapmart is also keen to raise $10 million from its Series A round of funding, in which they are in talks with few angel investors and are looking out for large venture capital funds. “The Series A funds will be utilized for geographic expansion in Maharashtra and especially in Pune within this year. Another main usage of the funds will be utilized for turning k...

29Aug By AnkitaNo Comments

FUNDING

Livspace Raises Rs 100 Cr Series B Funding From Existing Investors

Online home design company Livspace today said it has raised Rs 100 crore from existing investors in a second strategic round (Series B) of funding. The round was led by Bessemer Ventures Partners and saw participation from Jungle Ventures and Helion, Livspace said in a statement here. The funds will be used to launch services across cities -- Noida, Gurgaon, Mumbai in 2016 and Pune, Hyderabad in the first half of 2017, it added. This round of funding comes close on the heels of the company's launch of its Home Design Automation Platform. "With this round of funding we will aim to reach revenue of USD 100 million by the end of 2017 and achieve operational profitability across cities," Anuj Srivastava, CEO and Co-founder of Livspace, said. Founded by Srivastava and Ramakant Sharm...