9stacks | Pixr8 News

Funding is an important and vital part of businesses these days. Through funding, businesses expand aggressively in the market and give a fight to the other competitors in the space. The company that raised the maximum funds this week was Droom that raised an amount of $30 million. This week was very eventful in terms of fundraising as many companies raised funds for various purposes and also various backers participated in this funding week. Here we have the list of top five funding activities of the week. 1. VAHDAM TEAS An Indian online tea brand called Vahdam Teas has reportedly raised funds amounting to $2.5 million (Rs 16 Crore) in its third institutional round of fundraising. This round was led by existing investor Fireside Ventures. With thi...

SparSkills Technologies, the owner and operator of online poker platform 9stacks has raised funds amounting to Rs 28 crore in Series A funding round. This particular round was led by early-stage venture capital firm, WaterBridge Ventures. The funds raised through this funding round will be used by the company to expand its team, and further build its technology platform. Prior to this funding, 9stacks raised Rs 10 crore from a clutch of angel investors last December. “We have sharp focus on analytics. Therefore some of the money will go towards deepening that side, as we get more into machine learning. We are looking at newer markets, therefore some of the proceeds will go towards that,” Sudhir Kamath, chief executive of 9stacks stated. Founded in 2017 by Kamath, 9stacks is a 14-year ...

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Top Five Funding News of the Last Week (1st Oct – 6th Oct)

Indian Online Poker Platform Secures Rs 28 Crore From WaterBridge Ventures