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Mark Cuban Invests in Ready, Set, Food! After Shark Tank Appearance

22Jan By AdityaNo Comments

FUNDING

Mark Cuban Invests in Ready, Set, Food! After Shark Tank Appearance

LOS ANGELES, Jan. 20, 2020-- Ready, Set, Food!, a leader in all-natural food allergy prevention products for babies raises $350,000 from Mark Cuban, after their appearance on ABC's Shark Tank. Cuban, who is known for his skepticism towards health companies that appear on Shark Tank, partnered with Ready, Set, Food! because of the indisputable science supporting the company's approach to make early allergen introduction easy for families everywhere. "Food allergies are a growing problem across the world. I'm excited to partner with Ready, Set, Food! to start to reverse this growing epidemic and make families lives better," said Cuban. Ready, Set, Food! was developed by an all-star team of physicians, and advised by leading experts in allergy research, including Dr. ...

Hyundai and Kia Invest $110 Million in Electric Vehicle Startup

17Jan By NitishNo Comments

Automobile, FUNDING

Hyundai and Kia Invest $110 Million in Electric Vehicle Startup

SEOUL, South Korea, Jan. 16, 2020 -- Hyundai Motor Company and Kia Motors Corporation invest USD $110 million in a new partnership with Arrival, a UK-based electric vehicle startup. Through the partnership, Hyundai and Kia plan to introduce competitively priced small and medium-sized electric vans and other products for logistics, on-demand ride-hailing and shuttle service companies. Arrival's scalable electric platform can be adapted for multiple vehicle categories and types which Arrival, Hyundai and Kia will explore for the development of a range of Purpose Built Vehicles (PBV). The partnership with Arrival will help Hyundai and Kia meet the rapidly growing demand in Europe for eco-friendly commercial vehicles, and accelerate the brands' transformation from car make...

Toyota Invests $394M in Flying Taxi Startup

17Jan By AnkitaNo Comments

Automobile, FUNDING

Toyota Invests $394M in Flying Taxi Startup

SANTA CRUZ, Calif., Jan. 17, 2020-- Toyota is exploring a new flight path for mobility through a new collaboration with Joby Aviation (Joby), an aerospace company that is developing and commercializing all-electric vertical take-off and landing (eVTOL) aircraft to enable the deployment of fast, quiet and affordable air transportation services. The collaboration reflects Toyota's recognition of the long-term potential of the urban air mobility market to meet the evolving needs of society, as well as Joby's position as an industry leader in working to deliver safe and affordable air travel to everyone. "Air transportation has been a long-term goal for Toyota, and while we continue our work in the automobile business, this agreement sets our sights to the sky," said Toyota Motor Corpo...

12Jan By PriyankaNo Comments

FUNDING

Techbooze Consultancy Raises $15M Funding from Space Capital

New Delhi, 12th Jan 2020: Techbooze Consultancy, a leading Business Development, Consulting and “Funding” facilitator for Startups & Enterprise raises Series A funding of $15 million, led by Space Capital. Techbooze Consultancy Services has been in the market for over 4 years now, and has been raising capital for over 22 startups within the last few years. The company, according to Founder & CEO, Mr. Subhashis Kar, initiated this round of funding in order to expand its operations and raise the company valuation to over $300 million. The company anticipates this funding round to fuel its startup growth ambitions with the ultimate goal of creating an ecosystem friendly for the growth of the startups. As of now, Techbooze Consultancy Services facilitates investment rou...

10Jan By PriyankaNo Comments

FUNDING

Byju’s Raises $300 Million Funding From Tiger Global

NEW DELHI, 10 Jan, 2019: New York-based Tiger Global Management has invested $200 million in education app Byju’s, valuing the Bengaluru-headquartered company at about $8 billion. Tiger Global, one of the most influential investors in the Indian startup ecosystem, has been negotiating an investment in Byju’s for the past few months, said two people aware of the developments. They indicated that secondary transactions, estimated at $100-200 million, may also take place, providing exits to some of the early backers of the eight-year-old company. “We are happy to partner with a strong investor like Tiger Global Management. They share our sense of purpose and this partnership will advance our long-term vision of creating an impact by changing the way students learn,” founder Byju Raveen...

Zomato Raises USD 150 mn from Existing Investor Ant Financial

10Jan By PriyankaNo Comments

FUNDING

Zomato Raises USD 150 mn from Existing Investor Ant Financial

New Delhi, Jan 10, 2019: India based Online restaurant guide and food ordering platform Zomato has raised USD 150 million (over Rs 1,065 crore) from existing investor Ant Financial as part of a larger funding round. According to a regulatory filing by Info Edge India, which is also an existing shareholder in Zomato, this transaction is at a pre-money valuation of USD 3 billion. The investment is part of a larger funding round of up to USD 600 million, announced by Zomato Founder and CEO Deepinder Goyal in December. "We have raised USD 150 million from Ant Financial as a part of a larger round. Ant Financial has been a steadfast partner in our journey towards achieving market leadership in on-demand food delivery in India, and dining out globally," a Zomato spokesperson said in a s...

Chai King Raises $1 Million From Chennai Angels

8Jan By NitishNo Comments

FUNDING

Chai King Raises $1 Million From Chennai Angels

Chennai, 8 Jan 2020: The Chennai Angels invested 1 million USD in Chai Kings-Chennai’s largest Chai Retail chain along with Hyderabad Angels and TiE India Angels, who have also participated in this round. “We are very excited to partner with Chai Kings in the bridge round. We believe the company has a strong leadership team with immense potential to grow and expand across India. The new investment reiterates our commitment towards building a sustainable and scalable Indian QSR.”, said Mr. Piyush Bhandari who lead the investment from TCA. “We are happy with the success and progress of our brand “Chai Kings” in Chennai and this funding round will help us expand into newer cities. We hope to enter Coimbatore, Bangalore and Hyderabad in this current year and get closer to our target of...

UnoLigo Raises $1 million from EquNev Capital

7Jan By PriyankaNo Comments

FUNDING

UnoLigo Raises $1 million from EquNev Capital

Angel investor and venture capitalist Kapil Khandelwal-run early-stage investment fund EquNev Capital said it has pumped in USD 1 million into customer transmigration platform UnoLigo. UnoLigo Solutions is founded by Jehangir Abdulla, a Carnegie Mellon computational finance specialist and a Wall Street algo expert. "I have invested USD 1 million in series-A funding in UnoLigo," Khandelwal, who has been an early investor in Ola, told Pixr8 News. He also said the investment will get him a board position at UnoLigo. Khandelwal said the fund he invested will go towards augmenting UnoLigo's product offering, expand its data science and sales and marketing teams. UnoLigo lists IndianOil, Bharat Petroleum, Hindustan Petroleum, Gail, ONGC, IGL and MGL, LIC Mutual Fund, Shopper's Stop, ...

24Dec By PriyankaNo Comments

FUNDING

HomeLane Raises USD 30mn in Series D Funding

New Delhi, Dec 23, 2019: Interior designing platform HomeLane has raised USD 30 million (about Rs 213 crore) in Series D funding led by new investors Evolvence India Fund, Pidilite Group and FJ Labs. The funding round also saw participation from Sequoia Capital, Accel Partners and JSW Ventures. With the current round, the total funding raised by HomeLane stands at USD 46 million. The current round is estimated to value the company at USD 150-250 million. "We will use the funds for three things for our next phase of growth that will include launching renovation as a category; scaling our proprietary design-to-manufacturing platform to more designers, vendors, and installers; and expanding to 8-10 new cities in India," HomeLane founder and CEO Srikanth Iyer told Pixr8 News. He a...

Springboard Raises USD 11 mn from Reach Capital, Others

17Dec By PriyankaNo Comments

FUNDING

Springboard Raises USD 11 mn from Reach Capital, Others

San Francisco-based Springboard, a leading online learning platform for workforce upskilling has raised USD 11 million (over Rs 78 crore) in funding led by Reach Capital. The post-series A financing round also saw participation by Pearson Ventures, International Finance Corporation (IFC), as well as returning investors Costanoa Ventures, Learn Capital, and Blue Fog Capital. The company, which has so far raised USD 20 million in funding, has also partnered with Microsoft to train and place 5,000 students into analytics jobs over the next three years through its new Data Analytics Career Track. "Working professionals have to significantly upskill or re-skill every 3-5 years to advance in their careers. Our industry-designed programmes combined with in-depth, 1-on-1 mentorship and ca...

17Dec By Press Trust of IndiaNo Comments

FUNDING

Licious Raises $30 Mn in funding led by Singapore-based Vertex Growth Fund

Fresh meat and seafood brand Licious has raised USD 30 million in Series E funding round. The round was led by Singapore-based Vertex Growth Fund (“Vertex Growth”) along with existing investors 3one4 Capital, Bertelsmann India Investments, Vertex Ventures Southeast Asia and India, and Sistema Asia Fund. The funds would be deployed towards expanding to a greater number of Indian cities, augmenting capabilities in the existing markets, strengthening omnichannel presence and powering new product launches, especially in the ready-to-eat category, Licious said in a press statement. The company said it would also focus on upgrading the Indian meat and seafood ecosystem by bolstering technological intervention, expanding its pool of employees and training them on niche skills that the in...

Blockchain Startup Proof of Impact Raises First Investment

11Dec By PriyankaNo Comments

FUNDING

Blockchain Startup Proof of Impact Raises First Investment

Amsterdam & San Francisco - Proof of Impact closed its seed round led by Franklin Templeton, a global fund manager managing around $700 billion in assets. Proof of Impact is building a global marketplace on the blockchain where one can donate or invest directly into measurable impact outcomes. After this investment, a member of Franklin Templeton will join Proof of Impact board. Proof of Impact’s co-founder Fleur Heyns will be pitching the company during the annual meeting of the World Economic Forum in Davos in January 2020. Ausum Ventures (San Francisco, USA), Crypto Valley Venture Capital “CV VC” (Zug, Switzerland) and Pangea Blockchain fund (Switzerland) have also participated in this funding round. The investment follows a growth trajectory that has seen Proof o...