funding | Pixr8 News

5Aug By PriyankaNo Comments

FUNDING

BalleBaazi.com raises $4mn in Series A funding

Online fantasy gaming platform BalleBaazi.com has raised USD 4 million (nearly Rs 30 crore) in series A round. The funds were raised from two private equity funds based out of Singapore and Delhi, the company said in a statement. The funds will be utilised to expand its business to newer markets and enhance gaming experience for users, which stands at around 3 million at present, it added. "Online gaming industry in India is growing marvellously and is poised to grow even faster. The potential is huge and the funds will certainly pave way for newer innovations and catalyse our upward journey at BalleBaazi," BalleBaazi.com CEO Saurabh Chopra said. It also plans to introduce more games under the umbrella of fantasy gaming, thus engaging with audience across different genres of sp...

4Aug By NitishNo Comments

FUNDING

MindTickle Raises $40 Million in Series C Funding

SAN FRANCISCO-- MindTickle, a leading Sas platform has secured $40 million in Series C funding. New investor Norwest Venture Partners led the round with participation from all existing investors including Accel Partners, Canaan, NewView Capital, a spinout of New Enterprise Associates, and Qualcomm Ventures LLC. In addition, Scott Beechuk, partner at Norwest Venture Partners and former Senior Vice President of Product Management at Salesforce Service Cloud will join MindTickle's Board of Directors. This round brings MindTickle's total raised to more than $81 million. Speaking on the development, Krishna Depura, co-founder and CEO of MindTickle said, "Sales and service organizations are facing a perfect storm on many fronts and company representatives that are not equip...

Coworking Startup GoHive raises $363k from investors

2Aug By AdityaNo Comments

FUNDING

Coworking Startup GoHive raises $363k from investors

Co-working startup GoHive has raised $363K (Rs 2.5 crore) from investors to expand its operations. GoHive currently operates seven co-working centres in Delhi/NCR. "GoHive has raised $363K in a pre-Series A round from seasoned angel investors to fuel its growth and expansion plans," a company statement said. With this funding, GoHive said it aims to double its current size and reach 5,000 seats within a year, with presence in NCR, Bengaluru, and Mumbai. The round has showcased investors' confidence in our business strategy and our initiative to make spaces more accessible and suitable to different business needs, empower young companies, and enable deeper business inclusion in the ecosystem," said GoHive Founder & CEO Mishu Ahluwalia said. Co-working segment is gaining mome...

30Jul By AdityaNo Comments

FUNDING

Customised apparel brand Alma Mater Store raises $200,000

Customised apparel brand Alma Mater Store has received $200,000 (around Rs 1.37 crore) funding from Wazir Advisors' Managing Director Harminder Sahni. Alma Mater Store CEO Sachin Sahni said to Pixr8 News, "the company will use the funds for "expansion and investing in new technology". We have a strong loyal customer base and we will continue to focus on building a profitable and sustainable business in the long term." Wazir Advisors Harminder Sahni Founder and MD said, "we are excited about how the customisation market is picking up in India. Customisation is the future of every consumer business.... Being the pioneer in their field, Alma Mater Store is ready to take up new challenges and we are delighted to be associated with them". As per the company, India is one of the fastest...

27Jul By AdityaNo Comments

FUNDING

Japanese Space Startup Synspective Raises $100 Million funding

Synspective Inc a Japanese startup which provides satellite data solutions using small sized SAR (Synthetic Aperture Radar) satellites raises $100 million funding from a group of investors. Started in February 2018, Synspective becomes world’s fastest and Japan’s second highest funded space startup. The investment will help strengthen the company’s SAR satellite development, manufacturing systems, and solutions development. Synspective provides one-stop solutions by satellite gathered geospatial data. The core technology was developed by the ImPACT program led by The Cabinet Office, Government of Japan, building small SAR satellites and constellation, allowing frequent observation of areas of interest. Synspective uses SAR satellites to provide data and produce user-friendly ...

Affle India raises $20.5 million before IPO

27Jul By PriyankaNo Comments

FUNDING

Affle India raises $20.5 million before IPO

Mobile marketing firm Affle India has raised $20.5 million (about Rs 206.55 crore) from 15 anchor investors by allotting 27,72,483 equity shares at a price of $10.5 per share, before its IPO launch. Affle India Ltd will launch its $60.5 million initial public offerings from July 29 and has fixed a price band of Rs $10.5 per share. The issue will close on July 31, 2019, according to a company statement. Among the 15 anchor investors, Abeerden Asian Smaller Companies Investment and Franklin Templeton Investment Funds has subscribed over 3.05 lakh shares each. Other anchor investors include Goldman Sachs India, Malabar India Fund, among others. The IPO comprises of a fresh issue aggregating up to $13 million and an offer for sale of up to 49,53,020 equity shares by Affle Holdings,...

Augmented Reality Startup PlayShifu raises USD 7 million

26Jul By AdityaNo Comments

FUNDING

Augmented Reality Startup PlayShifu raises USD 7 million

Playshifu, a start-up focussed on augmented reality technology has raised USD 7 million (about Rs 48.2 crore) in funding led by Chiratae, Inventus Capital and Bharat Innovation Fund. The series-A round also saw participation from existing investor IDFC-Parampara Fund, a statement said. PlayShifu creates immersive augmented reality experiences for children to encourage early STEM (science, technology, engineering and mathematics) skills. With USD 8.5 million raised to date, the company's primary focus will remain on tech innovation, continued research on unique phygital interactions and new product developments. PlayShifu also plans to update current products significantly and expand the diverse retail presence from 15 countries to over 30 countries in 2020 and beyond," the company...

TVS Motor Singapore Invest US$7 Million in AI Decision Platform

22Jul By PriyankaNo Comments

FUNDING

TVS Motor Singapore Invest US$7 Million in AI Decision Platform

SINGAPORE and NEW YORK, July 22, 2019-- TVS Motor Singapore, a wholly-owned subsidiary of TVS Motor Company Limited, India, has signed definitive agreements to invest $7 million in Scienaptic Systems Inc., a Delaware corporation, headquartered in New York City. TVS Motor (Singapore) Pte. Limited led this Series A funding in Scienaptic. Scienaptic has combined the latest big data technologies and proprietary machine learning and artificial intelligence algorithms on its decision platform, "Ether." Solutions built on Ether enable enterprises to improve risk and credit assessment, monitor evolving fraud patterns, and improve customer journeys and experience. Scienaptic counts several marquee Fortune 100 enterprises as its clients. Rajesh Narasimhan, Board Member of TVS Motor Company...

eBay invested $150 million in Paytm Mall, picks up 5.5% stake

19Jul By PriyankaNo Comments

FUNDING

eBay invested $150 million in Paytm Mall, picks up 5.5% stake

eBay Inc., a global commerce leader announced an agreement that will make eBay inventory accessible to tens of millions of Paytm Mall active customers in India. Additionally, eBay is making an investment of $150 million in Paytm Mall and will own approximately 5.5% of the company. “We are deeply committed to India and believe there are huge growth potential and significant opportunity in this dynamic market,” said Jooman Park, eBay Senior Vice President, APAC. “This new relationship will accelerate our cross-border trade efforts in a rapidly growing market, providing hundreds of millions of Paytm and Paytm Mall customers with access to eBay’s unparalleled selection of goods.” Paytm Mall makes international purchases frictionless for customers in the Paytm ecosystem. Through technolo...

18Jul By PriyankaNo Comments

FUNDING

MyMoneyMantra raises $14.8 million funding from IFSD BV, Vaalon Capital

Fintech startup MyMoneyMantra raises $14.8 million from Dutch investment company IFSD BV and Vaalon Capital. Both investment groups picked up a minority stake in the company. MMM serves over four 4 million customers from over 50 cities and has partnered with more than 90 financial institutions, a statement said. The company was responsible for originating about USD 1 billion of credit-related products in FY2019, it added. "This investment is a fantastic endorsement from an international partner and comes at an opportune time, as we are eager to capture an even larger share of the rapidly expanding Indian consumer market," MMM founder and Managing Director Raj Khosla said. Founded in 1989 by Raj Khosla, MMM as a fintech firm distribute secured and unsecured loans, insurance...

17Jul By NitishNo Comments

FUNDING

RoadBotics Raises $7.5M in Series A Funding

PITTSBURGH, July 17, 2019- AI-based road assessment platform RoadBotics has raised $7.5 Million Series A investment round lead by AI-focused venture capital fund Radical Ventures. Other investors like Hyperplane Venture Capital and Wharton Alumni Angels of Silicon Valley also participated in this round. Roadbotics will use this round of funding to accelerate its growth and development of new products in order to further help local governments and other infrastructure asset managers to get important, objective data about their roads. Only two and a half years since founding, RoadBotics has over 150 customers in 23 US states and 11 countries. "This fresh capital, together with Radical's vast network and Artificial Intelligence domain expertise, wi...

Samsung Venture invests in 4 Indian startups

15Jul By AdityaNo Comments

FUNDING

Samsung Venture invests in 4 Indian startups

Samsung Venture Investment Corporation (SVIC), the investment arm of the South Korean tech giant in its maiden investment in India invested $8.5 million (approximately Rs 58.28 crore) in four Indian startups. SVIC, which has invested in a number of startups globally and has over $2.2 billion in assets under management, hopes to make 100 investments in Indian startups over the next three-five years. The startups chosen by SVIC include system apps company OSLabs that runs Indus operating system, speech technology startup Gnani.ai, IoT solutions provider Silvan Innovation Labs and an early-stage computer vision startup. Samsung closely works with a host of startups that are committed to building innovative and purposeful technologies across the globe, Aloknath De, Corporate Vice...