Sunday, March 3

Tag: funding

Premium Sneaker Brand Mainstreet Marketplace Secures $2 Million
FUNDING

Premium Sneaker Brand Mainstreet Marketplace Secures $2 Million

Bengaluru, 30th June, 2023: Premium Sneaker Resale platform, The Mainstreet Marketplace raises $2 million in a seed funding round led by zerodha's cofounder Nikhil Kamath, Abhijeet Pai’s fund Gruhas and others.  There was participation from Silverneedle Ventures, Deepinder Goyal, founder of Zomato, Sujeet Kumar, founder of Udaan, Amarjit Batra, managing director of Spotify India, Yogesh Chaudhary, director of Jaipur Rugs, Sujeet Kumar and Arjun Vaidya, founder of Dr. Vaidya. Comedian Tanmay Bhat, actors Mouni Roy and Ashish Chanchlani, musician Nikhil Chinappa also took part in the funding round. The D2C platform will deploy the funds towards hiring an experienced senior management team, expanding their brick-and-mortar into more cities, and building on the quality of their customer...
Leading Cyber Security Firm Safe Security Raises $50 Million Series B Round Funding
FUNDING

Leading Cyber Security Firm Safe Security Raises $50 Million Series B Round Funding

PALO ALTO, Calif.,18th April, 2023: Safe Security, the leader in AI-based cyber risk management SaaS platforms, today announced the close of a $50 million Series B round led by Sorenson Capital, with participation from Eight Roads, venture capital arm of Fidelity Investments, Telstra Ventures, WTI, and all existing investors. This round brings the company’s total funding to over $100 million. With the current macroeconomic climate, cybersecurity teams are re-evaluating their cybersecurity investments, which are flush with point solutions that do not provide holistic cyber risk visibility and points of attack exposure. Alongside this financial pressure, external cyber regulation and guidelines stemming from the White House and regulatory bodies, like the SEC and the National C...
TruePay Raises $32 Million in One of the Largest-Ever Series A Rounds in Brazil
FUNDING

TruePay Raises $32 Million in One of the Largest-Ever Series A Rounds in Brazil

SÃO PAULO, Nov. 24, 2021-- TruePay, a startup that helps small and medium sized retailers have free and secure access to credit, has raised US$32 million in Series A funding led by Addition. This growth stage investment is one of the largest ever made in Brazil. The funds will be used to improve the solution, increase capacity and expand the team. The startup, which has been growing 100% a month, plans to grow tenfold by the end of 2022. Founded in December 2020, TruePay has clients throughout Brazil and a merchant base in the thousands. "We are very happy to have the trust of some of the best investors in the world as well as the super talented people that we were able to bring on board. A raise like this is a symbol of the impact TruePay will make in the market by delivering ...
Smallcase raises $40 mn from Amazon & others
FUNDING

Smallcase raises $40 mn from Amazon & others

Bengaluru, 20th Aug 2021: Bengaluru-based stock management company Smallcase raises USD 40 million (about Rs 297 crore) in funding, led by Faering Capital as well as new investors Amazon, Smbhav Venture Fund, and Premji Invest. The Series C round also saw participation from existing investors, including Sequoia Capital India, Blume Ventures, Beenext, DSP Group, Arkam Ventures, WEH Ventures, HDFC Bank Group, and Rare Enterprises CEO Utpal Sheth, a statement said. The round brings the total capital raised by Smallcase to over USD 60 million, it added. With the close of the transaction, Sameer Shroff - co-founder and Managing Director at Faering Capital will join the board of Smallcase. The fund raised will be used to continue launching better investment products for the retail investo...
Bhavin Turakhia Led Titan raises $30mn from WordPress Parent Company
FUNDING

Bhavin Turakhia Led Titan raises $30mn from WordPress Parent Company

Dubai, 4t Aug 2021: Titan, a professional email startup founded by serial entrepreneur Bhavin Turakhia has secured a USD 30 million (about Rs 222.7 crore) investment from Automattic, the parent company of WordPress.com. This is the largest investment made by Automattic and values Titan at USD 300 million. "(The investment has been made) with the goal of jointly working with us in a deep strategic relationship to both enable Automattic users to benefit from Titan and vice versa, as well as to work with us to achieve this vision of creating an outstanding email product for professionals and business users," Turakhia told Pixr8 News in a virtual briefing. He added that people signing up on Wordpress.com with Automattic for a WordPress hosting website will have the ability to use Tit...
BrowserStack raises $200 mn funding at $4 billion valuation
FUNDING

BrowserStack raises $200 mn funding at $4 billion valuation

DUBLIN and SAN FRANCISCO, 16th June 2021: World’s leading software testing platform BrowserStack raises USD 200 million in funding, led by BOND. The Series B round, which valued the company at USD 4 billion, also saw participation from Insight Partners and existing investor, Accel, a statement said. BrowserStack offers software testing on the cloud and has over 50,000 customers and more than four million developer signups across 135 countries. Its products help developers build bug-free software. BrowserStack was founded in 2011 at a coffee shop to solve one problem testing on different browsers, leading to BrowserStack’s first version, which helped developers test their websites on Internet Explorer 11. The investment will support BrowserStack’s strategic acquisitions, expansion...
Home Services Marketplace Urban Company raises $255 mn
FUNDING

Home Services Marketplace Urban Company raises $255 mn

Bengaluru, 7th June 2021: Home services marketplace Urban Company raises USD 255 million in funding led by Prosus Ventures, Dragoneer, and Wellington Management. The series F round which also saw participation from Vy Capital, Tiger Global, and Steadview takes Urban Company’s valuation to USD 2.1 billion. The latest round includes a primary capital infusion of USD 188 million and a secondary sale of approximately USD 67 million by select angels and early investors, Urban Company CEO and co-founder Abhiraj Singh Bhal told Pixr8 News. He added that Urban Company has raised about USD 330 million in primary capital to date. Bhal said the funds will be used towards innovation, training, product development, enhanced quality control and safety measures for both partners and consumers. The...
Lenskart raises $95 million from KKR
FUNDING

Lenskart raises $95 million from KKR

NEW DELHI, 17th April 2020-- Lenskart, a leading omni-channel eyewear retailer in India raises $95 million from global investment firm KKR via a secondary stake acquisition. As part of the transaction, existing investors TPG Growth and TR Capital, who first invested in Lenskart in late 2014, will each divest a portion of their holding in the Company. Established in 2010, the Company today is the largest service provider for eyewear in India, serving over 7 million customers annually through its omni-channel shopping experience, which spans online, mobile application, and 730 omni-channel stores in 175 cities across the country. In 2019, Lenskart also expanded to Singapore marking its foray into Southeast Asia where it is now a key service provider for optical. Peyush Bansal, CEO ...
Venture Capital funding in Green Energy Raises $1.3 billion in Jan-Mar 2021
BUSINESS

Venture Capital funding in Green Energy Raises $1.3 billion in Jan-Mar 2021

Paris, Apr 30th, 2021: Global venture capital funding in energy storage, smart grid, and energy efficiency rose to USD 1.3 billion during January-March 2021, registering a whopping 410 percent year-on-year growth, a report released on Friday said. According to the report by Mercom Capital Group, the said segments had saw a combined funding of USD 252 million in same period of 2020. The venture capital (VC) funding (including private equity and corporate venture capital) raised by battery storage companies in Q1 or January-March quarter of 2021 came to USD 994 million in 13 deals compared to USD 164 million in six deals in Q1 2020, it said. The report said 33 VC investors participated in battery storage funding during the said quarter. The VC funding for smart grid companies in...
WeWork lost $3.2 billion in 2020
News

WeWork lost $3.2 billion in 2020

(Reuters), 03/23/2021 -WeWork lost $3.2 billion last year, the office-sharing startup disclosed in a presentation shown to prospective investors as part of a pitch for $1 billion in investment and a stock market listing, a person familiar with the matter told Reuters. The company’s losses narrowed from $3.5 billion in 2019 and it plans to go public at a valuation of $9 billion including debt through a merger with a special purpose acquisition company (SPAC), according to a person directly briefed on the presentation that was sent out to existing and potential new investors. A SPAC is a shell company that raises funds in an IPO with the aim of acquiring a private company, which then becomes public as result of the merger. Reuters reported in January that WeWork was in talks to go ...
Flying Taxi Platform Volocopter eyes fresh capital, SPAC an option
Automobile

Flying Taxi Platform Volocopter eyes fresh capital, SPAC an option

BERLIN, 3/22/2021: German air taxi startup Volocopter plans to raise fresh funds from investors, its Chief Executive Florian Reuter said on Thursday, adding that a deal to go public via a special purpose acquisition company was one option. Volocopter this month tapped investors led by U.S. asset manager Blackrock for 200 million euros ($239 million) in backing as it seeks certification for its battery-powered flying taxi. "We expect to need more money in the future," Reuter said in an interview. "You can expect us to continue raising money going forward." Aims to bring its VoloCity air taxi into commercial service in the next two years, in a race with startups including U.S. rival Joby which plans to go public via a $6.6 billion SPAC deal. Joby, which has partnered with Toyota...
Kong Raises $100 Million from Tiger Global & others
FUNDING

Kong Raises $100 Million from Tiger Global & others

SAN FRANCISCO, Feb 10, 2021-- Cloud connectivity platform Kong raises $100 million in Series D funding, led by Tiger Global Management with participation from existing investors Index Ventures, CRV, GGV Capital and Andreessen Horowitz as well as new investor Goldman Sachs. The latest round brings Kong’s total funding to $171 million, tripling its valuation to $1.4 billion since the Series C round. Kong will use the capital to scale its go-to-market operations, grow world-class Engineering and Customer Experience teams, and accelerate cloud connectivity with its new SaaS-based Kong Konnect service connectivity platform. The fundraising follows a record year for Kong, marked by a significant increase in adoption of its flagship open-source software Kong Gateway now exceeding 220 ...