funding | Pixr8 News

20Feb By AnkitaNo Comments

FUNDING

Swiggy Raises USD 113 mn in Funding led by Prosus NV

Food ordering and delivery platform Swiggy has raised USD 113 million (over Rs 805 crore) in the latest funding round led by existing investor Prosus NV. Meituan Dianping and Wellington Management Company also participated in the funding round. Having grown beyond food delivery, the company aims to use the funds to further develop its new lines of business, addressing visible gaps in the market, Swiggy said in a statement. The company will continue to invest in new growth areas (Stores, Go and SuprDaily) as it delivers on its promise of bringing unparalleled convenience to the lives of urban consumers, it added. 'We have become synonymous with exceptional customer experience and created multiple growth avenues for our partners while continuing to invest in new lines of business...

20Feb By AdityaNo Comments

FUNDING

Zvesta Raises USD 5.5 MN in Funding from Hindustan Media Ventures

New Delhi, 20th February 2020: Zvesta, Proptech Company based in Gurugram has raised USD 5.5 million from Hindustan Media Ventures Limited. The company shall utilize the raised capital to build its brand & collaborative marketing for real Estate Aggregation across the country. Its primary focus is on building alliances and partnerships across India strengthening through its technology product. Zvesta founders adorn the different cultures and professional backgrounds feel an instant connect with the Real Estate Community, given their shared sense of understanding and experience for maturing Zvesta to the next level in business. The company founders Rajan Dang, a multi-domain industry Leader in Banking, FMCG, Ecommerce & Real estate, and Anushree Srivastava, in past was Joint G...

Blume Ventures Raises $102 mn in final close of Fund III

19Feb By PriyankaNo Comments

BUSINESS

Blume Ventures Raises $102 mn in final close of Fund III

India based early-stage venture capital firm, Blume Ventures announced the final close of Blume Ventures Fund III at USD 102 million (about Rs 730 crore). After a first close in late 2018, the final close was completed in December 2019, a statement said. "We are very proud of our founders and team who have delivered outstanding performance over the last three years, thereby strengthening the Blume brand and track record immensely," Karthik Reddy, co-founder and managing partner at Blume Ventures said. Blume started in 2011 raising an entirely domestic Rs 100 crore fund from HNIs (high net-worth individuals) and subsequently raised a USD 60 million fund (Rs 400 crore) in 2016. It claimed that its the first entirely homegrown fund to raise a third fund and raise over USD 100 million...

MaxWholesale raises USD 3 mn from IAN Fund, Abu Dhabi’s Al Falaj Investments

19Feb By NitishNo Comments

FUNDING

MaxWholesale raises USD 3 mn from IAN Fund, Abu Dhabi’s Al Falaj Investments

MaxWholesale, a B2B e-commerce platform for kirana stores has raised USD 3 million (about Rs 21.4 crore) in funding led by IAN Fund-I and Abu Dhabi-based Al Falaj Investment Company (AFI). The Series-A round also saw participation from existing investor Maple Capital, along with Infoedge's ex-CFO Ambarish Raghuvanshi, Maple Capital's Abhinav Grover and Biba Group's Siddharth Bindra, among others, a statement said. Raman Roy and Abdelghani have joined MaxWholesale's board as directors, it added. "With the investment, MaxWholesale will hire talent to develop its technology further and accelerate growth... MaxWholesale is also looking to expand its reach to Kirana stores in the coming months," it said. The platform currently services 10,000 kirana stores in Delhi. The company mana...

Vedantu Raises $24 Million Led by GGV Capital

14Feb By AnkitaNo Comments

FUNDING

Vedantu Raises $24 Million Led by GGV Capital

Education technology start-up Vedantu has raised Rs 171 crore (USD 24 million) in a round led by global venture capital firm GGV Capital with participation from existing investors. This was in addition to the Rs 299 crore raised by the firm in August 2019. "We are excited to have GGV Capital back us, as a unique VC firm that has backed some of the world's most successful companies, this is a huge validation for Vedantu. We want to further our mission to make this new format of live interactive classes the answer to the current engagement gaps in online education and are very excited about the future," Vedantu CEO and co-founder Vamsi Krishna said in a statement. With this round, the total fundraised by the company stands at around Rs 600 crore. Krishna said that the company see...

MoEngage Raises USD 25 Million in Series C Investment Round

11Feb By PriyankaNo Comments

FUNDING

MoEngage Raises USD 25 Million in Series C Investment Round

Customer analytics and cross- channel engagement platform MoEngage has raised USD 25 Million in Series C funding. Eight Roads Ventures led the round with participation from its US-based sister fund, F-Prime Capital, along with Matrix Partners India and Ventureast. MoEngage recently achieved Amazon Web Services Retail Competency. The new round of funding will be used to deepen relationships in Asia, integrate advanced capabilities into the product mix and scale operations in the USA and Europe, MoEngage's two fastest-growing markets. "The latest round of funding will help us reach more brands and empower them with the next-generation customer engagement platform built for the mobile-first world that is easier to use, fully integrated and intelligent", said Raviteja Dodda, Found...

Recruitment platform WorkIndia raises $7 million from Xiaomi

10Feb By PriyankaNo Comments

FUNDING

Recruitment platform WorkIndia raises $7 million from Xiaomi

Blue-collar recruitment platform WorkIndia has raised $7 million (Rs 42 crore) from Chinese tech major Xiaomi. Previous investors of WorkIndia who have done multiple investment rounds in the company include Beenext Pte ltd and a Japanese hedge fund Asuka Investments among others, the company said. In less than five years, the company has moved from being a technology startup to an unprecedented 2.1 crore unique app sessions per month, 1.5 crores registered job seekers and presence in 763 cities across India, it added. "The cutting edge technology developed by WorkIndia, utilising geo-positioning and dynamic algorithms, is one of the best in class that we have seen. The company has created a massive dent in the Indian blue-collar segment within a short span of time. It is inspir...

3Feb By NitishNo Comments

FUNDING

Neighbor.com Taps Andreessen Horowitz to Lead $10 Million Series A Funding

LEHI, Utah, 3rd feb, 2020-- Neighbor.com, the self-storage marketplace disruptor has closed a $10 million Series A funding round led by Silicon Valley venture capital firm Andreessen Horowitz. Jeff Jordan, managing partner at Andreessen Horowitz and former eBay, PayPal and OpenTable executive who currently sits on the boards of Airbnb, Instacart, Lime and Pinterest, will join the Neighbor Board of Directors. Other investors in this round include Nate Bosshard, former partner at Khosla Ventures and co-founder of Tonal, as well as Ryan Graves, Uber's first CEO. "The self-storage industry in the United States will eclipse $40 billion in revenue in 2020, capping off a decade of astronomical growth that we believe is firmly related to the burdensome costs of homeownership and the increas...

Digital Advertising Startup AdOnMo Raises $3 Million

3Feb By PriyankaNo Comments

News

Digital Advertising Startup AdOnMo Raises $3 Million

Media-tech startup AdOnMo, which claims to be the country's first contextually-targeted digital out-of-home (OOH) advertising firm, has raised USD 3 million (around Rs 21.4 crore) in pre-series round funding from Alibaba and others. The funding was led by Alibaba's holding firm Ant Financial-run BAce Capital and others like Astarc Ventures and Mumbai Angels Network, the Hyderabad-based firm said in a statement on Thursday. The company will use the fund to expand operations, acquire talent and accelerate product development. AdOnMo brings together online and outdoor advertising. Currently, it is operational in Mumbai, Hyderabad, New Delhi, and Bengaluru. Founded in 2017 by Sandeep Bommireddi and Sravanth Gajula, Adonmo helps advertisers reach their target audience at scale with...

29Jan By Press Trust of IndiaNo Comments

FUNDING

Ed-tech Startup WizKlub Raises $1 Million in Seed Funding

Bengaluru, Jan 28, 2020: Ed-tech startup WizKlub raises $1 million (Rs 7 crore) in seed funding led by Incubate Fund India with participation from Insitor Impact Asia Fund. This round brings the total funds raised by the company to Rs nine crore so far, it said in a statement. The company, founded in February 2018 by serial entrepreneur Amit Bansal, plans to use the fresh capital for product and market expansion. "Supplemental education beyond curriculum is the greatest need in the Indian education system today and we are addressing this area with our research-based learning programmes", Bansal said.

23Jan By NitishNo Comments

FUNDING

Bike Rental Startup Bounce Raises $105 Million Funding

Bangalore-based bike rental startup Bounce has raised $105 million in Series D funding round led by Accel Partners and Facebook Co-founder Eduardo Saverin's B Capital Group. Existing investors Accel Partners India, Falcon Edge, Chiratae Ventures, Omidyar Network India, Maverick Ventures, Sequoia Capital India, and Qualcomm Ventures also participated in this round of funding. The new funding round will soar Bounce valuation upto $520 million and takes the total capital raised to $194 million. The current funding will to focus on deeper Electric Vehicle (EV) integration and a platform play, and will push towards profitability. Vivekananda H.R, CEO and Co-founder of Bounce, said, "Our growth to 1,20,000 rides a day, in a little over a year and largely in one city, underlines tha...

22Jan By NitishNo Comments

FUNDING

Samya.AI Raises $6M in Seed Funding led by Sequoia India

CHICAGO, Jan. 22, 2020-- Samya.AI, an enterprise Revenue Growth AI SaaS company has raised $6 million in seed round funding led by Sequoia India. Samya's other initial investors include Ashish Gupta (Founder of Junglee.com and Helion VC), Deb Henretta (Partner, G100 Companies and Ex-Group President, P&G), Arijit Sengupta (Founder of Kradle Ventures and Antuit Inc), Deborah Kops (Ex COO and Board Member of Antuit Inc and Ex CMO of WNS) and Sandeep Sugla (Founder of Marketsandmarkets Inc). Samya.AI has been founded by Shailendra Singh, Deepinder Dhingra and Pavan Palety, experienced leaders who have previously held leadership positions at organizations including IBM, Noodle.ai, Mu Sigma and MarketsandMarkets. Shelly Singh and Deepinder Dhingra have been instrumental in scaling Mu S...