Tuesday, May 7

Tag: Accel US

Agri-tech Startup Ninjacart Secures Rs 250 Crore
FUNDING

Agri-tech Startup Ninjacart Secures Rs 250 Crore

Agri-tech startup Ninjacart has raised Rs 250 crore in a series B round of funding. This round was led by Accel US and Syngenta Ventures which is dedicated to invest in the agriculture sector. Others like Korean investment company Neoplux, Jo Hirao, founder of ZIGExN, HR Capital and Trifecta Capital. Along with the new set of investors the company said that its existing ones like Nandan Nilekani, Accel India, Mistletoe, Qualcomm Ventures also participated in this round. The RainMaker Group was the financial advisor to Ninjacart for this funding round. Ninjacart which is in the business of supplying fresh fruits and vegetables directly from farmers to urban retailers intends to use the funds to enter new cities like Mumbai and Delhi and expand its d...
Mumbai Based Web Testing Platform BrowserStack Raises $50 Million Funding
FUNDING

Mumbai Based Web Testing Platform BrowserStack Raises $50 Million Funding

Mumbai based mobile and web testing service platform BrowserStack raised $50 million venture funding from led by venture fund Accel Partners ( Accel US and India).  The six-year-old Mumbai-based company now valued more than $400 million. The company was operating on bootstrap model and running profitable from last six years and this is also be the largest series A round for an Indian tech startup. The platform is used by over two million developers in 135 countries. It has more than 25,000 paying customers, including Microsoft, Twitter, and Mastercard. The majority of its customers are based in North America. Founded in 2011 by IIT Bombay alumni Ritesh Arora and Nakul Aggarwal, BrowserStack helps developers test their applications across thousands of operating systems. Accel's Rya...