FUNDING | Pixr8 News

23Aug By PriyankaNo Comments

FUNDING

Uberdreams.com, a Platform for Turning Dreams Into Reality Secures $0.5 Million Funding

Uberdreams.com, an online portal to get all your dreams come true has been launched and is now Live for users to avail multiple experiences. This unique business model, operates in a simple format, wherein various dreams are listed on the website, which can be redeemed for the experience at a nominal fixed cost. Currently the website lists more than 75 unique experiences. One of the unique features about this is that the listings and categorization of dreams is designed in an extremely personalized and tailor-made format for different demographics and age groups. For dreams that are not listed, Uber Dreams has a dedicated section known as 'You Dream, We Fulfil.' On this section, visitors and users can express their dreams to be fulfilled by us. The Founding Journey and The...

19Aug By NitishNo Comments

FUNDING

Cuberoot Technologies Raises Nearly $0.5 Million in Funding

Cuberoot Technologies, a preeminent data driven technology company, recently raised nearly USD 0.5 million from undisclosed investors. The funds will assist the organization to expand its business across the country and shall further be utilized in scaling up growth parameters such as expansion of technology team, enhancing product technology, investing in better infrastructure and strategic acquisitions. Cuberoot is geared to launch its flagship product; an Audience Management Platform also known as Cuberoot in the Indian market in the coming months, expanding to other cities in the upcoming months. Also,the company will be incorporating bases in Asia - Pacific market over the next 12-18 months. Such installations of sufficient funds will play a major role in the growth of the or...

19Aug By PriyankaNo Comments

FUNDING

Salebhai.com Secures INR 10 Cr Funding From Brand Capital

Salebhai.com, an e-commerce platform for regional goods from across India that is representative of a culture, has received a major boost from Brand Capital of Times Group. The media conglomerate has come on board with a deal size of Rs 10 crore for a minority stake in the company. The online portal, which operates on a back-to-roots philosophy, currently meets requirements of 17 diaspora communities by sourcing authentic and unique products from their native places. It offers sweets, namkeen, chocolates, bakery, spices, dry fruits, beverages, pickles, handicrafts, paintings, puja items, and herbal products from over 100 cities and 250 sellers. Brand Capital has decided to back this portal considering the huge opportunity in solving a longstanding problem through an integrated platfo...

Zenoti Raises $15 million From Norwest VP & Accel

11Aug By AnkitaNo Comments

FUNDING

Zenoti Raises $15 million From Norwest VP & Accel

Zenoti a SaaS based startup which provides cloud-based software for spas and salons has raised Rs 100 crore ($15 million) led by Norwest Venture Partners along with existing backer Accel India. Zenoti had already received funding of Rs 38 crore from Accel last year. The Seattle and Hyderabad-based company founded by serial entrepreneur Sudheer Koneru, now plans to aggressively expand operations in the United States and European markets. Zenoti already earns about half its revenues from clients in the US including large chains like Massage Green and Massage Heights. In India it has clients like Kaya Skin, Enrich Salons, O2 Spas and Blush Clinics. It recently also got Naturals on board with all its 600 outlets throughout the country. In the US market, Zenoti will compete with player...

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 ...

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...