MogliLabs, which owns and operates B2B industrial goods marketplace Moglix, has raised $23 million (about Rs 164.57 crore) in a fresh round of funding, which was led by marquee venture capital firm Accel Partners US and existing investor International Finance Corp (IFC). The latest round of funding comes about 15 months after the Singapore and Noida-based company, which also […]
India’s on demand home services marketplace UrbanClap has secured funds amounting to $50 million in a fresh funding round. This round was led by Hong Kong-based hedge fund Steadview Capital along with existing investor Vy Capital. With this round, the valuation of the company will more than double to $480 million. UrbanClap which also counts Accel, SAIF Partners, Bessemer Venture Partners […]
Funding is the act of providing financial resources, usually in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or company. Funding is a major part of a business and here we have come up with the top five funding activities of […]
A Chennai-based internet of things (IoT) company known as Detect Technologies has reportedly secured funds amounting to $3.3 million (Rs 23.6 crore) from SAIF Partners in a Series A round of funding. This funding marks the VC fund’s third such investment in the Internet of Things space. Backers like Bharath Innovation Fund, Axilor Ventures, BlueHill Capital and a few angel […]
Saif Partners-backed SaaS company FarEye has reportedly acquired an internet-of-things (IoT) platform called Dipper Technologies which provides visibility and predictability in freight movement. However, the financial details of the deal have not been disclosed. FarEye recently raised Rs 61 crore in its third round of fundraising and is now expecting to secure more capital next year. FarEye […]
A Bengaluru-based social commerce platform Meesho has reportedly raised an amount of $50 million in a Series C funding round. Following this funding round, the valuation of the company has reached between $200 million and $250 million. This particular round was led by Shunwei Capital, Yuri Milner’s DST Partners and RPS Ventures. Along with this, exisiting backers like […]
Online tax return-filing and investment platform ClearTax has raised funds amounting to $50 million in a fresh financing round. The round was led by Composite Capital which is based in Hong Kong. This deal has come at a time when the financial tech sector, commonly referred to as fintech, has clocked rapid growth and managed to […]
The social platform for regional language known as ShareChat has secured funds amounting to Rs 720 crore ($99 million) in a funding round. The particular round was led by existing backer Shunwei Capital. The other investors that participated in the round included Morningside Ventures of China and Jesmond Holdings, an affiliate of Russian billionaire Yuri Milner’s DST Global. Following this […]
Technology giant Google and Chinese smartphone maker Xiaomi are eying an investment in an app called ‘Where Is My Train’ that provides live updates on trains without the use of internet and GPS. Google is in talks to acquire the two-year-old startup, whereas Xiaomi has held discussions for an investment. It is expected that Google […]
Funding is a major part of a growth and expansion of the company, especially in case of startups. For startups, funding is the only source of motivation that can lead them to what they have planned and help them in the implementation process. This week we witnessed many companies that raised a valuable amount of […]
Digital money lending startup, Aye Finance has raised USD 10 million in debt funding from Triple Jump BV and MicroVest Funds, through the issuance of non-convertible debentures. This is the 10th financing round for Aye Finance in the year 2018, the company informed in a statement. Since January, it has cumulatively raised ₹255 crore of […]
LifCare which is a Healthcare start-up has raised $11 million in its Series B led by Saif Partners & Nexus Venture Partners. Till now the startup has delivered only medicines meant for chronic illnesses to customers who take these medicines on a regular basis, with its infused capital, it will now look to expand further in Northern and central […]