Friday, March 29

FUNDING

Startup Funding News: Get the latest news on startup funding, small business funding, investor management and many more about funding on Pixr8.

UK Based Koovs Raises 30 Cr Funding From HT Media
FUNDING

UK Based Koovs Raises 30 Cr Funding From HT Media

UK-based online fashion player Koovs plc today announced raising 3.3 million pounds (over Rs 30 crore) from HT Media Ltd and Dragon Asia Holdings Pte Ltd to fund its marketing and brand building activities in India. Koovs said it has issued 1.2 crore new ordinary shares at a price of 25 pence per ordinary share to HT Media translating to 8.2 per cent stake in the enlarged issued share capital of the fashion portal. Similarly, the company issued 12 lakh new ordinary shares at a price of 25 pence per share to Dragon Asia Holdings Pte Ltd taking total holding in it to 19.2 per cent. "This investment shows further momentum in our Capital Raising and supports our focus on marketing in order to accelerate brand awareness and sales growth for Koovs in India. Our ambition remains t...
CreditVidya Raises $2M Series A Funding From Kalaari Capital
FUNDING

CreditVidya Raises $2M Series A Funding From Kalaari Capital

Kalaari Capital, an early-to-mid-stage venture capital firm invested a Rs 13.3 crore funding in Mumbai-based startup CreditVidya. Creditvidya is a financial technology startup Infocredit Services, which operates credit score advisory platform. It has also received additional 1 crore from Paragon Partners, Siddharth Parekh, an early backer of the venture of the creditvidya in his personal capacity. The company will use the Series A funding to further build its technology platform, launch new products and expand its headcount, with a particular focus on ramping up its data sciences team. "India's demographic profile consists primarily of people without a credit history. CreditVidya's solutions enable lenders to increase profitability by more accurately assessing the credit risk o...
Education Start-up Cuemath Raises $4 million
FUNDING

Education Start-up Cuemath Raises $4 million

Cuelearn Pvt Ltd also known as Cuemath runs an Education start-up has raised $4 million from Sequoia venture capital firm and existing investor Unitus Seed Fund. With this round of funding, Cuemath aims to expand to international markets and increase the number of teachers that use its platform from 1,200 to 5,000. The firm declined to say how many students use its platform. “What we are essentially saying is that we don’t require someone to teach actively. Unlike others, in our case, the system is doing the teaching, and not the teacher. Math is the biggest need for children. Fitting many subjects into the same time slot will dilute the learning,” said Manan Khurma, founder of Cuemath. The firm had in August raised an undisclosed amount from Alok Mittal, former managing director of ...
Naspers Invests $60 Million in Online-Learning Startup Udemy
FUNDING

Naspers Invests $60 Million in Online-Learning Startup Udemy

Udemy, a global marketplace for learning and teaching online, today announced a strategic investment of $60 million from Naspers through its Naspers Ventures division. Larry Illg, CEO of Naspers Ventures, is joining Udemy’s Board of Directors. Udemy plans to use the new capital to continue its strong international momentum, including growing its localized course content library and product offerings to meet the global demand for online learning. The investment is a follow-on to Udemy’s $65 million Series D round of financing from June of 2015. Over the past year, Udemy has experienced significant growth, particularly among its international business. With more than 40,000 courses now available in 80 different languages, Udemy offers the largest selection of online course content. ...
Jobs Aggregator Platform Glassdoor Raises $40 million Funding
FUNDING

Jobs Aggregator Platform Glassdoor Raises $40 million Funding

Glassdoor, Inc., the world's most transparent jobs and recruiting marketplace, today announced the closing of a $40 million investment round led by funds and accounts advised by T. Rowe Price Associates, Inc. Existing investors Battery Ventures, Google Capital, Sutter Hill Ventures and Tiger Global also participated in the round. The company has raised approximately $200 million since it was founded in 2007. While best known for its proprietary user-generated content, Glassdoor is now one of the largest job aggregation engines in the world. No other job site offers as many job listings combined with such a vast array of workplace insights, including company ratings and reviews, CEO approval ratings, detailed pay data by job title, interview reviews, benefits reviews and office photos...
Venture Catalysts Seed Investment in Fashion Startup CoutLoot
FUNDING

Venture Catalysts Seed Investment in Fashion Startup CoutLoot

Venture Catalysts, India's first seed investment and innovation platform, has facilitated a seed investment into CoutLoot, an end-to-end fashion reselling service. CoutLoot will be utilizing the funds secured through VCats for geographical expansion and launch of new product categories, and will be additionally strengthening its technological framework. Founded by Mahima Kaul, Sahil Khimavat, Vinit Jain and Jasmeet Thind, CoutLoot is a one-stop solution to de-clutter one's closet for cash. While sellers get paid for selling off unused branded and boutique fashion items from their closet, buyers get to avail products from the best brands in a nearly-mint condition at up to 80 percent off. CoutLoot has seen sales of 2,000 items since inception, has an inventory of 6,000 clothes, and see...
Uber Raises $3.5 billion From Saudi Investment Fund
FUNDING

Uber Raises $3.5 billion From Saudi Investment Fund

AFP- Uber announced on Wednesday that it has raised $3.5 billion from the Public Investment Fund of Saudi Arabia to help fuel global expansion plans for the ride-sharing giant. The deal gives Uber a valuation, or implied value, of $62.5 billion, according to the company. The deal will help Uber's global expansion, including in the Middle East and North Africa, which the company sees as one of its fastest-growing regions. The head of the Saudi fund, Yasir Al Rumayyan, will join the Uber board, and will boost Uber's cash holdings to more than $11 billion. "We appreciate the vote of confidence in our business as we continue to expand our global presence," Uber chief executive Travis Kalanick said in a statement. "Our experience in Saudi Arabia is a great example of how ...
Online Automobile Marketplace Droom Raises 200 Crores Funding
FUNDING

Online Automobile Marketplace Droom Raises 200 Crores Funding

Online automobile marketplace Droom today said it has raised an undisclosed amount from BEENEXT, Digital Garage and other existing investors to expand its presence in the South East Asian countries like Indonesia. However, according to sources, Droom has raised nearly Rs 200 crore in this round of funding. The company will also use the proceeds of the Series B funding to expand its domestic operations and strengthen its technology platform. "The amount raised for the new round of funding is significantly higher than Series A that we raised last year," Droom founder and CEO Sandeep Aggarwal told reporters. He declined to comment on the funding raised and the valuation of the company. Previously, Droom has raised seed funding of USD 1.5 million and USD 4 million in May and October 20...
Delhi Based Startup Tpot Raises Seed Funding
FUNDING

Delhi Based Startup Tpot Raises Seed Funding

New Delhi-based food-tech startup Tpot has raised undisclosed amount in seed funding from Ashish Gupta, Founder & Trustee of Ashoka University and Co-founder of Evalueserve. Using this fund, Tpot plans to expand its presence by taking its outlet count from 20 to over 50 by the end of the year. Also, the fund will be used in channelising the team expansion and on the ideation of introducing innovative products involving tea. “Our team has built a strong foundation in Delhi/NCR region. Having gained a good traction in Chai-Nashta segment of consumers here, we are confident to establish our brand presence in the other markets too,” said Robin Jha, Co-founder, and CEO of Tpot. The company is currently generating revenue of INR 6 crores and is targeting to reach INR 12 crores by the yea...
BRIDGEi2i Analytics Solutions Firm Raises Series A From Edelweiss Private Equity
FUNDING

BRIDGEi2i Analytics Solutions Firm Raises Series A From Edelweiss Private Equity

BRIDGEi2i Analytics Solutions, a Bangalore based analytics solutions company, announced that it has secured Series A growth capital from Edelweiss Private Equity. The amount has not been disclosed. Edelweiss Private Equity is the private equity and venture capital arm of Edelweiss Financial Services, one of India’s leading diversified financial services conglomerate. With this investment, Edelweiss has acquired a minority stake in the company. Pranav Parikh, Head of Edelweiss Private Equity will be joining the Board of Directors of BRIDGEi2i. Prithvijit Roy, Chief Executive Officer, BRIDGEi2i commented on this development, “This investment will fuel our ability to deliver greater value to customers by enabling us to accelerate the development of our machine learning based business appl...
Vahanalytics Raises $200000 Seed Funding From Venture Catalysts
FUNDING

Vahanalytics Raises $200000 Seed Funding From Venture Catalysts

Vahanalytics, a tech-driven startup aimed at making Indian roads safer and better has raised USD 200, 000 through Venture Catalysts, India's first Seed Investment and Innovation Platform. The investment was led by prominent VCats angels Vikram Lakhotia and Anirudh Damani. With driverless smart cars increasingly being explored as a viable medium to improve the on-road transportation efficiency by tech giants around the world, the investment into Vahanalytics is aimed at addressing a global problem on a local scale. Speaking on the investment, Dr. Apoorv Ranjan Sharma, Co-founder, Venture Catalysts, said, "Data analytics in transportation using telematics is the need of the hour. The space is extremely exciting and opens the door for almost limitless possibilities for implementation. The...
1mg Raises Additional Series B Funding From HBM Healthcare
FUNDING

1mg Raises Additional Series B Funding From HBM Healthcare

1mg, India’s leading consumer health platform, has raised has raised an undisclosed amount of additional Series B funding from HBM Healthcare Investments AG, the company said in a statement. In April, the company raised Rs.100 crore in the Series B round from Maverick Capital Ventures, the venture capital (VC) arm of US-based hedge fund Maverick Capital Ltd, besides existing investors Sequoia Capital and Omidyar Network. 1mg initially raised $6 million from Sequoia Capital, Intel Capital, Omidyar Network and Deep Kalra, co-founder of travel portal MakeMyTrip. The funding will help 1mg fend off competition from rivals such as Sequoia Capital-backed Practo Technologies Pvt. Ltd, which has so far raised $124 million from investors such as Tencent Holdings Ltd, Sofina SA, Google Capital ...