funding | Pixr8 News

10Oct By PriyankaNo Comments

FUNDING

Grammarly Raises $90M in funding, Valuation Soars over $1 billion

SAN FRANCISCO, Oct. 10, 2019-- Grammarly, the AI-powered digital writing assistant used by more than 20 million people daily raises $90 million in its latest round of funding. Existing investors General Catalyst, IVP led the round with participation from new investors. With this investment, Grammarly will continue to advance its cutting-edge technology to build a full-fledged communication assistant for individuals and businesses. "Communication is a fundamental human need that helps us all connect and thrive," said Brad Hoover, Grammarly CEO. "But effective communication requires talent and time, and it can be very challenging. Grammarly's AI fills this gap by empowering people worldwide both native and non-native English writers, for personal, professional, and academic reason...

Bollywood Singer Sukhbir Singh Make its fifth Investment, Invest in a Coworking Startup

10Oct By AdityaNo Comments

FUNDING

Bollywood Singer Sukhbir Singh Make its fifth Investment, Invest in a Coworking Startup

Famous Bollywood singer Sukhbir invested an undisclosed amount in Noida-based co-working and co-play startup Nukleus. As part of the deal, Sukhbir Singh will join the advisory board of the startup as an active member. Founded in 2018, Nukleus said it has rapidly emerged as one of the biggest coworking companies in Delhi-NCR region. With the focus to cover major Tier I and II cities, Nukleus is aiming to open 10+ coworking centres across the country. Founder and CEO of Nukleus Nipun Gupta expressed his deep interest in adding more value to the Indian office ecosystem, through collaborations and expansions in the coming years. Sukhbir and Nipun are excited to share a similar vision of making a difference in the way people spend time at the workpla...

8Oct By NitishNo Comments

FUNDING

OYO to Raise $1.5 bn Funding; for Expansion in US

Indian online hotel booking startup OYO Hotels and Homes set to raise $1.5 billion (nearly Rs 10,650 crore), from its founder, Softbank and other investors. The funding will use to expand for expansion in the US and strengthening its vacation rentals business in Europe. Softbank, has invested nearly $1 billion in OYO, through its Vision Fund and owns roughly 45 percent stake in it. The latest round of funding will be a part of Series-F funding round. OYO Hotels and Homes Founder and CEO Ritesh Agarwal, through RA Hospitality Holdings, will infuse approximately $700 million as primary capital in the company. The balance $800 million will be supplemented by other existing investors, according to the company statement. A significant part of the funds will be diverted towards co...

5Oct By NitishNo Comments

FUNDING

Bird Raises $275 Million Series D Funding from CDPQ and Sequoia Capital

SANTA MONICA, Calif., Oct. 5, 2019-- Bird, the leader in micro-mobility, today announced its Series D funding round. CDPQ and Sequoia Capital led the $275 million round as a result of Bird's shift from rapid and expensive growth to creating industry leading positive unit economics and building a sustainable business. The capital will help Bird continue on its path to profitability and ongoing vehicle research and development. Bird's custom designed and engineered vehicles play a pivotal role in its unit economics. Less than a year after announcing Bird Zero, which has a lifespan of over 12 months, the company unveiled Bird One, a next generation e-scooter built for the shared micro-mobility market. Shortly following Bird One came Bird Two, which is available in Los Angeles,...

5Oct By NitishNo Comments

FUNDING

Info Edge Invests in Greytip Software

New Delhi based Info Edge has invested about Rs 35 crore in Greytip Software, a provider of HR and payroll software solutions. Info Edge (India) has agreed to acquire 404,696 compulsorily convertible preference shares and 29,948 ordinary shares via mix of primary infusion and secondary purchase, a regulatory filing said. The aggregate shareholding of the company, post this investment, in the said entity would be 20.25 per cent on fully converted and diluted basis, it added. Greytip Software was set up in 1994 and started focusing on software as a service (SaaS) in 2011. It has over 9,000 customers spread over 150 cities in India and the Middle East. Its turnover stood at Rs 28.31 crore in 2018-19. "We strongly believe that this fund raise is pivotal in accelerating...

Happily Unmarried Raises $843k from Info Edge

1Oct By PriyankaNo Comments

FUNDING

Happily Unmarried Raises $843k from Info Edge

India based Info Edge Ltd invested $843k (Rs 6 crore) in Happily Unmarried Marketing through its wholly-owned subsidiary. Info Edge has agreed to acquire 1,244 optionally convertible cumulative redeemable preference shares and the cost of acquisition is about Rs 6 crore, Info Edge said in a regulatory filing. The aggregate shareholding of the company in Happily Unmarried, post previous fund raise exercise from other investors and completion of current fund raise exercise by Happily Unmarried, would be 42.33 per cent on fully converted diluted basis. Happily Unmarried has diversified into men's grooming through its brand 'Ustraa' that is now driving the growth of the business. The investment would help in consolidating Info Edge's position into the said line of business within...

WhistleDrive raises $10 Million from Colosseum Group

26Sep By PriyankaNo Comments

FUNDING

WhistleDrive raises $10 Million from Colosseum Group

26th Sept, 2019-- WhistleDrive, a city-based employee transportation company has raised $10 million (Rs 72 crore) series B funding from Chicago-based Colosseum Group. WhistleDrive provides technology-enabled fleet services for corporates and operates 700+ fleet across three cities including Hyderabad, Bengaluru and Chennai. CEO of WhistleDrive Rakesh Munnanooru said the firm targets to grow 10x with this series-B investment. "In the next 12 months, we will look at entering two new cities to offer our TaaS Model "transportation as a service" to Corporates beyond Hyderabad, Bengaluru, Chennai where we will operate, expand fleets and fast-track customer acquisitions," he said. WhistleDrive offers office commute services to several companies, including ADP, Invesco and Hitachi Con...

17Sep By PriyankaNo Comments

FUNDING

SaaS Startup Unearth raises $7 Million in Series A funding

SEATTLE, SEPTEMBER 16th 2019-- Unearth Technologies proudly announces a $7 million Series A investment led by Vulcan Capital, with participation from Madrona Venture Group. This latest round brings the total funding raised by the company to $11.6 Million. Founded in late 2016, Unearth initially focused on improving productivity in construction with place-based data management. Their success as a construction software company quickly led to an expanding customer base amongst the broader built world industry, including major players in the utilities, government, infrastructure, and energy sectors. Through strong customer partnerships, the company discovered what the built world really needed: an easier way for entire teams to use GIS data for building, inspecting, and maintaining p...

16Sep By PriyankaNo Comments

FUNDING

Edtech startup AttainU raises angel funding

Bengaluru, 16th September 2019: AttainU, a Bengaluru based edtech startup providing high-quality, live online courses as college alternative to individuals has raised angel funding from investors including Shailesh Rao ex-Google India Head, Nikhil Rungta ex-Intuit India Head, Anil Gelra Founder, SnapMint and Manish Kumar Founder, KredX and LetsVenture. The company plans to use the funding to further strengthen faculty, development of courses, counselling teams and build a semi-automated platform to cater to the huge inbound student demand they are receiving. Founded by Divyam Goel and Vaibhav Bajpai in 2018, AttainU currently offers full-time, online 7-month long Software Engineering courses for users looking to get into Software Engineering careers. AttainU provides career coun...

11Sep By PriyankaNo Comments

FUNDING

EdTech Startup WhiteHat Jr. Raises 10 Million Funding

MUMBAI, Sept. 11, 2019-- EdTech startup WhiteHat Jr. raises $10 million funding in Series A from existing investors Nexus Venture Partners and Omidyar Network India. Owl Ventures, a Silicon Valley-based EdTech focused venture capital fund, also participated in this round. Founded by Karan Bajaj, WhiteHat Jr. helps kids 6 to 14 build commercial-ready games, animations, and apps online using the fundamentals of coding. The company started in November 2018, had earlier raised $1.3 Mn in seed funding from Nexus Venture Partners and Omidyar Network India. WhiteHat Jr. has developed their own original coding curriculum, which is centered on product creation, and imparts their lessons via 1:1 live, interactive online classes. The new funds will be used to strengthen their technolog...

Hero MotoCorp denies investing in Blu Smart Mobility

29Aug By NitishNo Comments

News

Hero MotoCorp denies investing in Blu Smart Mobility

India's largest two-wheeler maker Hero MotoCorp Ltd on August 19 denied that it has participated in the funding round of Blu Smart Mobility, while threatening to take legal action against e-mobility start-up. Last week, Blu Smart Mobility had claimed that it had raised a $2.2 million in an angel round from multiple investors, led by JITO Angel Network. The start-up had said "apart from JITO Angel Network, other funds who participated in the Angel round included Hero Motocorp, MayField Fund and Centrum, Micromax and few individual investors among others". Denying its investment in the Blu Smart Mobility, Hero MotoCorp said the company "strongly denies any such participation and/or any investment made in Blu Smart Mobility". Further, it is clarified that Hero MotoCorp neither rel...

Caribu’s New Funding round Passes Neil Patel’s 1000X Formula

27Aug By AnkitaNo Comments

USA

Caribu’s New Funding round Passes Neil Patel’s 1000X Formula

MIAMI-- Caribu is on a mission to better connect young children with their parents and grandparents by allowing them to read and draw together in an interactive video-call, no matter how far apart they are. By opening up an equity crowdfunding campaign this summer on Wefunder, a leading investment platform that only accepts the top 1-2% of startups, Caribu has allowed customers and community members to join their mission. Neil Patel, one of today's most successful angel investors, developed a "1,000X Formula" for finding the most successful startup investments the ones with unicorn potential. Today, we announce that Caribu has been selected as one of a handful of companies to pass Neil Patel's 1000X formula. Angel investing used to be off-limits to the average American… but Shark ...