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Rivigo raises $65 million from Warburg Pincus, SAIF Partners

12Jul By AdityaNo Comments

FUNDING

Rivigo raises $65 million from Warburg Pincus, SAIF Partners

Logistics firm Rivigo has raised USD 65 million (about Rs 450 crore) in a Series E funding round led by existing investors Warburg Pincus and SAIF Partners. The company plans to utilise the funds to further strengthen its technology and network coverage, Rivigo said in a statement. "Rivigo raised a funding of USD 65 million in the ongoing series E round led by existing investors Warburg Pincus and SAIF Partners," the Gurugram-based company said. Rivigo founder and CEO Deepak Garg said, the relay trucking model is now very well established, where relay truck pilots lead a better life and customers get exceptional service. "With technology and freight marketplace, the company now wants to bring relay to every truck in the country," he said. Rivigo's technological prowess and u...

11Jul By AnkitaNo Comments

FUNDING

Supply Chain Startup O4S raises $2.1 mn in funding

Supply chain solutions start-up O4S has raised USD 2.1 million (about Rs 14.3 crore) in pre-series A funding, led by Venture Highway to expand its operations in India. The three-year-old start-up has raised a total of USD 2.5 million so far, including a seed investment of USD 400,000 in 2017. The new funding will be used to strengthen its workforce, accelerate client acquisition and build technology infrastructure across industries within India, it added. O4S focuses on industries like agriculture, fast-moving consumer goods, pharmaceuticals, and personal care products. Some of its clients include PepsiCo, ITC, Honeywell, DCM Shriram, and Campus Shoes, among others. The firm's core offering Supplytics helps brands connect directly with retailers and distributors by tracking pro...

Singapore Logistics Startup Ezyhaul raises $16 million

11Jul By PriyankaNo Comments

FUNDING

Singapore Logistics Startup Ezyhaul raises $16 million

Singapore-headquartered logistics-tech startup Ezyhaul said it has raised USD 16 million in funding that it will use to expand to new markets in South Asia and drive further technological innovation. The company, which has presence in India and Thailand as well, did not disclose the names of the investors who participated in the series B round. "In the past 12 months, Ezyhaul has grown more than 900 per cent after successfully completing its USD 5 million series A fundraisein 2018. Ezyhaul has since taken the time to reinforce its presence in South Asia, included expanding its operations in India and Thailand, and with also integrating a cross border solution that currently stretches from China to Singapore," a company statement said. Founded in Singapore in April 2016, Ezyhaul fo...

TATA Motors Ex-President invests in Escooter Startup BattRE

9Jul By PriyankaNo Comments

FUNDING

TATA Motors Ex-President invests in Escooter Startup BattRE

New Delhi, July 2019: Ex-Tata Motors’ President Gajendra Chandel invests in BattRE, an electric scooter startup based in Jaipur. The funds will be utilized for the launch of new models, increasing production capacity and scaling up the distribution and service network. BattRE Electric Mobility has introduced affordable E-scooters and packaged a whole gamut of innovative features & services to truly enhance the customer experience as they step into the green technology revolution. Nishchal Chaudhary, Founder of BattRE Electric Mobility, “We are absolutely delighted and honoured to have Mr. Gajendra Chandel onboard our company, BattRE Electric Mobility.His in-depth knowledge and vast experience in the automotive sector will provide us with the necessary impetus and guidance. Unde...

5Jul By PriyankaNo Comments

FUNDING

Fintech startup Propelld raises $2 million funding

A strategic Education financing startup, Propelld which enables student education loan has raised $2 million in Series A funding from Stellaris Venture Partners and Indian Quotient. Propelld, a prominent name in a fin-tech startup was founded in 2017 by Bibhu Prasad Das, Brijesh Samantaray and Victor Senapaty. Based in Bengaluru, Propelld helps in financing education of students pursuing vocational training courses in areas like machine learning, hospitality management, etc. Propelld has a wide network of tie-up with around 150 educational institutes across India. They raised a seed series round from IAN in 2018. AAS Regina Legal, assisted Propelld through the entire lifecycle of deal commencing from structuring the transaction, drafting and negotiating the term sheet transac...

The Chennai Angels invest $145000 in The Indus Valley

5Jul By AnkitaNo Comments

FUNDING

The Chennai Angels invest $145000 in The Indus Valley

The Chennai Angels (TCA) raises $145000 in The Indus Valley, engaged in running an online healthy cookware products store. The Indus Valley, was founded in 2016 by the husband and wife duo Jagadeesh Kumar and Madhumitha Udaykumar. Their idea is to transform Indian kitchens with healthier cookware options. The funds will be used to expand their presence in India’s growing home and cookware products space. “Indus Valley is a natural cookware brand designing and selling healthy cookware options that are made using natural materials like iron, clay and wood, working with artisans to produce the products. Their core customers are women in major cities between 25-40 years of age, who are health conscious. The cookware industry is poised to grow at 21% p.a. and customers are...

Digital insurance platform RenewBuy.com raises $19 million

2Jul By NitishNo Comments

FUNDING

Digital insurance platform RenewBuy.com raises $19 million

Digital insurance platform RenewBuy.com raises $19 million in a funding round led by Lok Capital and IIFL AMC. RenewBuy's existing investor Amicus Capital also participated in the Series B round of funding. The investment will enable the company to increase its footprint to 1,000 cities, augment product portfolio, and insure 10 million customers by 2022, a company release said. "It will also accelerate our entry into newer geographies and augment our product portfolio to meet India's immense unmet insurance demand. Our competitive advantage of being a capital efficient business model will enable us to turn profitable within next 24 months while retaining our explosive growth," RenewBuy.com CEO Balachander Sekhar said. With a network of over 25,000 Point of Sale (POS) partners o...

Cross-border e-commerce startup Buyandship raises $2.2M

28Jun By AnkitaNo Comments

FUNDING

Cross-border e-commerce startup Buyandship raises $2.2M

Hongkong based Buyandship, a cross-border e-commerce shipping services has secured $2.2 million in pre-Series B funding round led by existing investor Infinity Venture Partners. Other investors include Asia-focused VC firm SQ Capital and unnamed strategic angel investors, besides Buyandship's key management. The money will be used to improve operational efficiencies and for market expansion. Wilson Chan, Co-founder, and CEO of Buyandship, says, that Asian e-shoppers are primarily motivated by the enormous difference in prices: "Buying a latest Dyson product on Indian online store costs around US$800, but less than US$500 from an overseas online store. At a discount rate of nearly 40 percent, customers naturally prefer to shop from overseas stores." In operations, Buyandship will...

22Jun By AdityaNo Comments

FUNDING

Indiamart Raises $30 Million funding before IPO

Indiamart, India's leading online marketplace app for business products and services, said it has raised more than $30 million from 15 anchor investors by allotting 21,95,038 equity shares at a price of Rs 973, the upper band of its IPO that opens on June 24. ICICI Mutual Fund, HDFC Mutual Fund, SBI Mutual Fund, Birla Mutual Fund, Hornbill Capital Advisers LLP are among the 15 anchor investors. IndiaMart said it will launch its initial public offering from June 24 and has fixed a price band of Rs 970973 per share. The initial public offering (IPO) is of up to 48,87,862 equity shares, according to a statement by the company. Promoters Dinesh Chandra Agarwal and Brijesh Kumar Agrawal will sell 14,30,109 shares through the issue, w...

18Jun By AdityaNo Comments

FUNDING

Rent a Bike Platform Bounce raises $72 million Series C funding

Bounce, a smart mobility solution provider has raised USD 72 million as a part of its series C round of funding led by B capital Group and New York-based hedge fund Falcon Edge Capital. The funding round also saw participation from Accel Partners India, Accel Partners USA, Chiratae Ventures, Maverick Ventures, Omidyar Network India, Sequoia Capital India, and Qualcomm Ventures. The funding will help accelerate Bounce expansion across various Indian cities. Bounce has deployed a fleet of over 5,000 keyless scooters in the city and the app allows the users to pick up a scooter and drop it at any legitimate parking spot. We appreciate the ongoing support of our investors, who have continuously believed in the growth trajectory of Bounce. Also, our journey so far wouldn't have bee...

18Jun By NitishNo Comments

FUNDING

Razorpay raises $75M funding led by Sequoia Capital

Razorpay raises $75 million series C round of equity funding from fintech Venture capital firm Ribbit Capital & Sequoia Capital. Tiger Global Management and Y Combinator’s Continuity Fund also participated in this round. Bengaluru based b2b payment solutions platform will use this funding to expand its operation and hire more people. Till date, Razorpay has raised about $107 million from Matrix Partners, MasterCard, and other angel investors. It had last raised equity capital in a round led by Tiger Global in early 2018. Founded by Harshil Mathur & Shashank Kumar in 2013, Razorpay is a payments company that provides payment solutions to online merchants in India. The company plans to use this fund to support its neo-banking platform Razorpay X and it...

Realty Platform NoBroker raises $51 million

6Jun By AnkitaNo Comments

FUNDING

Realty Platform NoBroker raises $51 million

Realty portal NoBroker.com has raised USD 51 million from investors, including General Atlantic in Series C Funding. The funding will use to expand its business in India. The realty platform NoBroker has raised total USD 71 million so far. "The round was led by General Atlantic and included participation from existing investors SAIF Partners and BEENEXT," the company said in a statement. NoBroker.com is a tech-based, brokerage-free real estate platform that makes real estate transactions seamless and efficient. It also provides other services starting from house search to packers and movers, home loans, cleaning services etc. More than 25 lakh properties are already registered on NoBroker and over 60 lakh individuals have used the portal's services. "We plan to use this c...