funding | Pixr8 News

3Jun By AdityaNo Comments

FUNDING

Pristyn Care raises $4M Series A funding

Pristyn Care, a Bengaluru based healthcare delivery startup raises $4 million in Series A round led by Sequoia India. The company will use this funding to invest in technology and expand its team of medical professionals. Started in late 2018 by Harsimarbir Singh, Dr Vaibhav Kapoor, and Dr Garima Sawhney, Pristyn Care specialises in offering patients affordable advanced surgical care through surgical techniques and recovery measures. It offers patients a range of elective surgeries across proctology, gynaecology, urology and ENT (ear, nose, and throat). "There is a significant need to improve day care procedures in India. Our vision is to transform the future of healthcare by using improved medical techniques, personalised patient care and support that caters to the speciali...

29May By AdityaNo Comments

FUNDING

Electric Scooter Startup Ather Energy Raises $51 million funding

Bengaluru based electric scooter startup Ather Energy has raised $51 million funding, led by Flipkart co-founder Sachin Bansal & others. Sachin Bansal invested $32 million, Hero MotoCorp converted its Convertible Debt of $19 million as a part of this round. “Electric vehicles are here to stay and Ather is playing a leading role in driving this change. Sachin has been part of our growth journey and this investment is a strong endorsement of the momentum we’ve built over these years. Post the successful launch in Bengaluru, we are eager to reach out to consumers in other cities and to build more products that will excite consumers to switch to electric vehicles. The changing landscape of personal transport has also offered us more opportunities and you will hear about the new busi...

AI Based Crowd-sourcing Platform Raises $200K

21May By PriyankaNo Comments

FUNDING

AI Based Crowd-sourcing Platform Raises $200K

New Delhi, 20th May 2019: Noida based Crowd-sourcing Platform My Mobiforce providing on-demand Field Services raised US $200K from a US-based Angel Investor Mr. Arpan Prakash and Mr. Sanjiv Mital who is also an Advisor, Mentor, and a Seasoned Angel Investor. My Mobiforce is trying to solve one the biggest challenges of the brands and companies to implement on-demand Field Services by providing them with a technology platform to find a qualified field talent at the right time at the right place. With the advancements in the space of IOT, Field Service industry is moving towards proactive & predictive service management. A huge amount of field service calls will be generated through the billions of connected devices thereby, preparing brands to handle this dynamic flow of service c...

Britain food delivery startup raises $575 million from Amazon and others

17May By AdityaNo Comments

FUNDING

Britain food delivery startup raises $575 million from Amazon and others

The British food delivery startup Deliveroo raises $575 million funding from e-commerce giant Amazon and others, a press release said on Friday. Other participants include existing Deliveroo investors T Rowe Price, Fidelity Management and Research Company, and Greenoaks. Amazon is the single largest investor in a $575-million (514-million-euro) financing round, Deliveroo said in a statement. "This new investment will help Deliveroo to grow and to offer customers even more choice, tailored to their personal tastes, offer restaurants greater opportunities to grow and expand their businesses, and to create more flexible, well-paid work for riders," said Deliveroo founder and CEO Will Shu. "Amazon has been an inspiration to me personally and to the company, and we look forwa...

15May By PriyankaNo Comments

FUNDING

Shared Economy Platform For Digital Properties Raises Angel Funding

New Delhi: Do Your Thng (DYT), a shared economy platform for digital properties has raised an undisclosed amount from prominent individual angel investors, Sorabh Agarwal, Pawan Kumar, Girish Minocha, Proteek Dey and Rahul Verma. The raised amount will be utilized for expanding the technology platform and on-boarding the brands, influencers and creators. Sorabh Agarwal, who runs a private angel network for fund raising for early stage startups and is also an advisor to start ups / mid-sized firms for strategy, led the round with other individual investors working with established companies like KPMG, Skootr, Wipro and Wheebox. According to Mr. Sorabh Agarwal, “Traditional marketing and branding techniques are slowly crumbling and need to be replaced by something contemporary and substan...

15May By PriyankaNo Comments

ANALYSIS

2018 Venture Capital Story of India

India, once most loved nation by Venture Capitalist around 2014 is now slowly shifting their interest from Indian startups. The recent data shows that the Venture capital investments in the country declined marginally to USD 26.3 billion in 2018, even though there was a surge in number of deals. Investments by venture capital and private equity funds in the country declined in 2018 from USD 26.8 billion in the previous year, the report by consultancy firm Bain & Company said. However, the number of transactions surged to 793 in 2018 as compared to 700 in the year-ago period, it said. The 'dry-powder' (liquidity) available with investors focused on the country has declined to USD 11.1 billion at the end of 2018 from USD 11.7 billion in the year-ago period, but it is "more t...

Locus raises $22 million from Falcon Edge Capital, Tiger Global

14May By PriyankaNo Comments

FUNDING

Locus raises $22 million from Falcon Edge Capital, Tiger Global

Locus, a supply chain optimisation company said it has secured $22 million in funding from Falcon Edge Capital and Tiger Global Management. The series B round funding also saw participation from existing investors, Exfinity Venture Partners, and Blume Ventures. "Locus provides autonomous supply chain optimisation, thus, minimising the dependency on human intelligence, built by an incredible team of PhDs and engineers... The funding will act as a boost to our global expansion efforts as we amplify our team size specifically in North America and continue to build our IP," Locus CEO Nishith Rastogi said. After India, the company started expanding its presence in North America and Southeast Asia in 2018. The new round of funding will help Locus penetrate deeper into new markets by ...

14May By AdityaNo Comments

FUNDING

Brain imaging AI company raises $18 million funding

LEUVEN, Belgium and GENEVA and BOSTON-- icometrix, the global expert in brain imaging Artificial Intelligence solutions, has raised $18 million through a partnership led by Forestay Capital alongside Optum Ventures and existing investor Capricorn Venture Partners. icometrix's icobrain software extracts meaningful information from brain MRI and CT scans of patients with neurological disorders, such as multiple Sclerosis, Alzheimer's disease and dementia, and traumatic brain injury. The icobrain AI solutions are already used in more than 100 hospitals and imaging center networks worldwide, and in clinical studies by 4 out of the Top 5 pharmaceutical companies. "With icobrain, medical images can be read faster, more consistently and in a ...

13May By AnkitaNo Comments

FUNDING

Singapore Online Food Company Grain Raises $10 million funding

Singapore based an online food company Grain has raised $10 million Series B funding. The investment round was a mix of equity and venture capital. The funding round was led by Singha Ventures and Genesis Alternative Ventures, Sass Corp, K2 Global, FoodXervices and Majuven. Existing investors including Openspace Ventures, Raging Bull (founded by Ivan Lee) and Cento Ventures also participated in this round. The new investment will be used to build infrastructure to support revenue of $100 million and ramp up growth in Singapore. At the same time, Grain plans to expand to other Asian cities, with Bangkok being the first on the roadmap. Bhurit Bhirombhakdi, Chairman of the executive board at Singha Ventures, said, "We see great potential in Grain, and believe that our collabo...

8May By PriyankaNo Comments

FUNDING

Shree Raises $11.5 million Funding from Alpha Capital

SHR Lifestyles, which owns women's ethnic wear brand Shree has raised $11.5 million from Alpha Capital Advisors. Shree will use the funding to further deepen its reach in existing markets and open up new geographies, the company said in a statement. Also, the brand will expand its operation in states like Kerala, Tamil Nadu, Karnataka, Maharashtra, Gujarat, Punjab, Uttar Pradesh, Himachal Pradesh, Haryana and Madhya Pradesh. "We will be deploying the funds to expand our distribution network by setting up new retail stores, scale up our business geographically, add senior talent and increase our customer base," SHR Lifestyles Chairman and MD Sandeep Kapoor said. The partnership will further help the brand materialise its vision of growing to over 300 company stores in the near...

On demand delivery startup raises $1 billion from Softbank

7May By AdityaNo Comments

FUNDING

On demand delivery startup raises $1 billion from Softbank

BOGOTÁ, Colombia-- Rappi, an on-demand delivery startup operating in Latin America, today announced an investment of up to $1 billion from SoftBank Group Corp. (“SBG”) and SoftBank Vision Fund (“Vision Fund”). The investment marks the largest technology financing to date in a Latin America-based company. SBG and the Vision Fund will each invest up to $500 million in Rappi. “SoftBank’s vision of accelerating the technology revolution deeply resonated with our mission of improving how people live through digital payments and a super-app for everything consumers need. We will continue to focus on building innovations for couriers, restaurants, retailers and start-ups that translate into new sources of growth" Founded in 2015, Rappi has emerged as the leading service app in the L...

3May By PriyankaNo Comments

FUNDING

Checkout.com Raises $230m in Series A funding

3rd May 2019, London-- Checkout.com, the global payment solutions provider has raised $230m in what is Europe’s largest fintech Series A round ever, and globally the third largest fintech Series A round of all time. The investment round was led by growth investors Insight Partners and DST Global. Singapore’s sovereign wealth fund GIC, Blossom Capital, Endeavor Catalyst and other strategic investors are also participating in the round. Checkout.com will use the funding to continue its rapid growth in Europe, the US, and the Middle East, with further expansion into Asia and Latin America. The fintech platform is the seven year old UK business, which is transforming the world of digital commerce by providing merchants with a solution that enables payments across all geographies and ...