FUNDING | Pixr8 News

8Aug By AnkitaNo Comments

FUNDING

AdPushup Raises Series A Funding; Enters into Partnership With Japan’s Largest Supply

US-based ad tech startup AdPushup, creator of a patent-pending ad layout optimization platform, has secured an undisclosed amount of financing as part of its Series A round led by Geniee Inc , whose major shareholder is SoftBank Group Corp; other investors include Purvi Capital, and existing investors have also participated in the round. The companies have also formed a strategic partnership aimed at extending services to Japan and Southeast Asia and collaborating mutually on proprietary ad optimization technologies. Geniee currently serves over 60 billion impressions every month in this region, which are to be further optimized using the machine-learning driven ad layout optimization platform developed by AdPushup. Both companies aim to bring together their strengths in terms of pro...

8Aug By AdityaNo Comments

FUNDING

8TV Raises $500,000 Funding To Enter Indian market

San Francisco-based startup 8TV has raised USD 500,000 funding (about Rs 3.34 crore) from investors including Redcliffe Capital Managing Partner Dheeraj Jain, Google executive Tidhar Carmeli and angel investor Thomas Korte. The company, which offers short form video network for brands, is also supported by the US tech giant Amazon that has invested about USD 100,000 worth of AWS services credit. The startup graduated from Angelpad, a tech accelerator in Silicon Valley, and its customers include firms like Unilever. "We have received a USD 500,000 investment from Dheeraj Jain (Managing Partner at Redcliffe Capital), Tidhar Carmeli and Thomas Korte (ex Google and Angelpad), with additional USD 100,000 invested by Amazon in form of AWS services," 8TV founder Leon Crutchley said. The i...

4Aug By RishabhNo Comments

FUNDING

VST Travels Receives Rs 1.8 Cr Funding From Promatus Group

VST Travels, a startup at Kerala State Industrial Development Corporation (KSIDC) startup zone at Angamaly, has received Rs 1.8 crore in funding from Dubai-based Promatus Group. The funding will help the company to develop and market its application -- VehicleST, through which the user can book tickets in all modes of transport, including flights and bus and also hire taxis and autorickshaws, locate ambulances, recovery vehicles, bulldozers and cranes. VST Travels is the first KSIDC supported start up to attract funding within six months of launching its operations, a company statement said. The funding comes at a time when the company is trying to expand its operations in the state after tying up with Akshaya Kendras. The firm has tied up with Kudumbasree Travels. Specially co...

24Jul By Press Trust of IndiaNo Comments

FUNDING

Qdesq Raises Angel Funding To Tap Workspace Market

Qdesq, a workspace rental platform, has raised an undisclosed amount from a clutch of investors, led by Kajaria Ceramics Joint MD Rishi Kajaria, Jaipuria Beverage and Food Director Ruchirans Jaipuria and Jai Drinks Director Anuraag Jaipuria. The angel round also saw participation from existing investors Dheeraj Jain (Partner, Redcliffe Capital), Ankush Nijhawan, Gaurav Bhatnagar and Manish Dhingra. The company, however, declined to share details of the funding. "We are currently at 216 venues across Delhi NCR in both formats - short occupancy (meeting rooms, workspace for a day and Qcafe) as well as long occupancy (workspace on monthly basis). With a current growth of 60 per cent month-on-month on the revenue side, 20-25 Qdesq verified venues are appended to the list on supply side ...

22Jul By RishabhNo Comments

FUNDING

Skrilo Raises $1.5 Million In Seed Funding

Mobile marketing and rewards platform Skrilo today said it has raised $1.5 million in seed funding from a clutch of industry veterans. "The roster of investors includes Anuj Srivastava (ex-Google, CEO and Co-founder - Livspace) and Arvind Tiku (Founder and Group Chairman, AT Capital Group) amongst others," the company said in a statement. It will use the funding largely for marketing a reward programme to the consumers and building on product pipeline. "In India, it is estimated that the smartphone usage will jump from 200 million to 650 million in the next 3-4 years. Digital advertising is still in its nascent stage and mobile marketing is an extremely small percentage of digital advertising and overall global advertising and marketing industry today," Skrilo founder and CEO M...

MyTaxiindia Raises $1 Million From Nihon Kotsu

21Jul By RishabhNo Comments

FUNDING

MyTaxiindia Raises $1 Million From Nihon Kotsu

Delhi-based taxi service operator MyTaxiindia has raised $1 million (about Rs 6.7 crore) in bridge round of funding from existing investor Nihon Kotsu, a taxi rental company in Japan. "MyTaxiindia will use the capital for expanding services to tier 2 and 3 cities," a company release said, adding that a portion of the sum will also go towards technology development, marketing and branding. Nihon Kotsu is an 88-year-old service provider that operates limousines across Japan. It has a fleet of over 4,000 black and yellow taxis in Tokyo alone. "MyTaxiindia is currently in talks with other investors to raise USD 5-10 million in a Series A round," Anshuman Mihir, Co-founder and CEO, MyTaxiindia, said. Established in December 2013, MyTaxiindia offers inter-city taxi rental solutions a...

Day Before IPO Advanced Enzyme Tech Raises Rs 123 crore

20Jul By NitishNo Comments

FUNDING

Day Before IPO Advanced Enzyme Tech Raises Rs 123 crore

Ahead of its initial public offer tomorrow, Advanced Enzyme Technologies today mopped up nearly Rs 123 crore from as many as 15 anchor investors. Little over 13.71 lakh shares were allotted to the anchor investors at Rs 896 apiece, the upper end of the price band for the Rs 411 crore IPO. DB International (Asia) Ltd, Kuwait Investment Authority Fund, DSP Blackrock Equity Fund, SBI Life Insurance Company Ltd, L&T Mutual Fund Trustee Ltd and Kuwait Investment Authority Fund, DSP Blackrock Equity Fund, SBI Life Insurance Company Ltd, L&T Mutual Fund Trustee Ltd are among the anchor investors. Advanced Enzyme Technologies is the largest domestic enzyme company, engaged in research, development, manufacture and marketing of over 400 proprietary products developed from 60 indigenous e...

19Jul By RishabhNo Comments

FUNDING

Online Seller Bluestone scores $30 Million Funding by IIFL and Accel Partners

Bangalore-based jewellery e-tailer BlueStone has raised $30 million (Rs 200 crore) in a fresh round of investment led by financial services firm IIFL Holdings Ltd and Accel Partners. Kalaari Capital, RB Investments and IvyCap Ventures also invested in the Series D round, Bluestone Jewellery and Lifestyles Pvt. Ltd said in a statement. Founded in 2011 by Gaurav Kushwaha and Vidya Nataraj, BlueStone also has Dragoneer, Saama Capital, Ratan Tata, and Meena Ganesh among its backers. “BlueStone.com has a high quality team and has grown rapidly over the last year. With the strong foundation and this capital infusion, we believe BlueStone.com is well-positioned to build a large online jewellery brand in India.” said Vani Kola, Managing Director, Kalaari Capital. BlueStone raised $5 millio...

Online Rental Solution RentoMojo Has Raised $5 Million From IDG Ventures and Accel Partners

18Jul By RishabhNo Comments

FUNDING

Online Rental Solution RentoMojo Has Raised $5 Million From IDG Ventures and Accel Partners

RentoMojo, an online rental solution startup has raised funds of $5 million in a first strategic round (Series A) from IDG Ventures and Accel Partners. Since its inception in November 2014, the Bengaluru headquartered company has expanded to three more cities - Delhi, Mumbai and Pune. The funds raised will be used to further strengthen the product and data driven structure within the company, it said in a statement here on Monday. "We want our users to indulge in the benefits of curated, personalised lifestyle without actually owning it. Apart from the cities we are operating in currently, we plan to expand to two more cities in the coming quarter," said Bamania, founder of RentoMojo. Geetansh Bamania is a serial entrepreneur and has worked with e-commerce majors such as Flipkart a...

SRI Capital Invested $2.3 Million in Three SaaS Startups

18Jul By RishabhNo Comments

FUNDING

SRI Capital Invested $2.3 Million in Three SaaS Startups

Hyderabad and Philadelphia-based SRI Capital has invested a total of $2.3 million in three SaaS startups -- WorkApps, Yellowdig and Zuppler. SRI Capital is an investment firm and was founded by Sashi Reddi. Reddi is working as Managing Partner of SRI Capital, would join the Boards of all three companies soon. Workapps is a Pune-based startup which was founded by Rudrajeet, who is a first-generation entrepreneur in the consumer internet and mobile industry space, while co-founder MVS Murthy is a BFSI professional. “Though there are many players in this space, none of them cater to the large enterprise market, which is where WorkApps has built a very robust and scalable product”, he said. Yellowdig is a Social collaboration tool which aims at bringing knowledge from outside of the cl...

Dailyhunt Invested 15 Crores in OneIndia

18Jul By AnkitaNo Comments

FUNDING

Dailyhunt Invested 15 Crores in OneIndia

Dailyhunt, an app for news and e-book invested Rs 15 crore in the local news language portal OneIndia also known as Greynium Information Technologies, owned by Rajesh Jain and BG Mahesh. The funding from DailyHunt seen as a revenues sources for advertisement spend on digital with increasing smartphone users. Dailyhunt and Oneindia already have a content partnership. Rajesh Jain and BG Mahesh were the brains behind Prime Minister Narendra Modi's digital strategy during the 2014 elections and the investment will help Dailyhunt expand its partnership with OneIndia, which is owned by Greynium Information Technologies. Founded in January 2006, OneIndia websites includes Cricket, FilmiBeat and CareerIndia sections had 35 million unique visitors and 500-million page views a month. ...

Fresca Juices To Raise Rs 100 Cr This Year For Expansion

17Jul By RishabhNo Comments

FUNDING

Fresca Juices To Raise Rs 100 Cr This Year For Expansion

Fresca Juices is looking to raise Rs 100 crore by the end of this calendar year as it steps on the pedal to expand operations and increase turnover by threefold to Rs 300 crore in two years. "We are looking at raising Rs 100 crore by end of this year to fund expansion. A lot of private equity investors have approached us for investment. We will close funding by end of this year," Fresca Juices MD Akhil Gupta told PTI. On growth targets, he said: "We are targeting Rs 250-300 crore turnover by fiscal 2019. We are looking at expanding our operation pan-India in the next 2-3 years as we set up our plants in different parts of the country." The company is expected to report turnover of around Rs 100 crore this fiscal. Gupta said Fresca Juices will also grow distribution reach from 50,00...