funding | Pixr8 News

2May By PriyankaNo Comments

FUNDING

Zenoti Raises $50 Million funding from Tiger Global

Washington-- Zenoti, the leading enterprise cloud platform for the beauty and wellness industry, raises $50 million Series C funding led by Tiger Global Management with participation from Norwest Venture Partners and Accel. Zenoti has thousands of customers spanning 44 countries. Using this investment, Zenoti to accelerate the pace of innovation to reshape the industry, to expand into both existing and new geographies and to continue hiring top talent. With today’s funding, Zenoti has raised a total of $71 million. "The beauty and wellness markets are large and growing. Zenoti is improving productivity for many salon and spa operators, and we are excited to partner with Sudheer and his team as they continue innovating,” said Scott Shleifer, Partner at Tiger Global. Reshapi...

2May By AdityaNo Comments

FUNDING

1-India Family Mart raises INR $2.87 million debt funding

New Delhi, May 02, 2019: 1-India Family Mart, a fast growing value retail chain owned by Nysaa Retail Private Limited offering affordable and fresh fashion apparels, lifestyle products and general merchandise has raised debt funding worth $2.87 million (INR 20 crores). The funding, led by APAC Financial Service Private Limited will be leveraged by the company for expanding to newer geographies as well as for its working capital requirements. Endeavouring to match the fashion aspirations of individuals living in small towns which they can afford, 1- India Family Mart currently stands strong with 90 stores across 81 cities of Eastern and Northern India; generating revenue over INR 400 Crores. Commenting on securing the funds, Deepak Sharma, Chief Financial Officer, 1-India Family M...

29Apr By NitishNo Comments

FUNDING

Pune based IoT platform Altizon raises $7 million funding

Altizon Inc, a global industrial IoT platform company addressing the manufacturing industries, today announced the closure of its series A+ funding round of $7Mn. This important round was led by TVS Motor Company (Singapore) Pte. Limited, the Singapore based Subsidiary of TVS Motor Company Limited and participated by existing investors The Hive, Wipro Ventures, and Lumis Partners. “The Industrial IoT market continues to expand at a rapid pace and this investment brings on board TVS Motor Company which is the flagship company of the multi-billion $ TVS Group, with deep experience building companies in the industrial sector,” said Vinay Nathan, CEO of Altizon. Vinay further added, “We have a strong roster of global industrial majors as our customers and they can now gain further benefit f...

29Apr By PriyankaNo Comments

INDIA

Indian Government proposes Tax-free investment from Accredited Investors

An official from Indian government said that funds received by startups from accredited investors may be exempted from angel tax subject to complying with certain net worth criteria. This provision is considered by the government as part of an exercise to define 'accredited investors' with a view to increasing investment flow in startups. The Department for Promotion of Industry and Internal Trade (DPIIT) is working on the definition, which would be submitted to the finance ministry for approval. "Accredited or genuine investors can invest any amount but we will make some criteria for that. It should be liberal enough so that all such people can come under its purview. But it should not be over liberal and extra-stringent," the official said. "How much a genuine investor is inv...

25Apr By PriyankaNo Comments

FUNDING

Ninjacart Raises $89.5 Million funding from Tiger Global

After CEO Lee Fixel exit, Tiger Global takes first investment opportunity in Indian B2B startup Ninjacart. America based venture capital invested $89.5 million in agritech startup Ninjacart as per the data shows in regulatory filings from registrar of companies (RoC). NinjaCart which delivers and market agricultural produce given 26.5% stake to Tiger Global. After this round of funding, Ninjacart valued close to $320 million. This is the biggest one time investment by Tiger global in an Indian startup, previous large initial investments were Ola ($57.5 million), Delhivery ($43.6 million) and Hike ($43.2 million). Founded in 2015 by Thirukumaran Nagarajan, Ashutosh Vikram, Kartheeswaran K.K., Sachin Jose and Sharath Loganathan, NinjaCart connects farmers to end retailers an...

Healthtech Startup mfine Raises $17.2 Million in Series B round

23Apr By NitishNo Comments

FUNDING

Healthtech Startup mfine Raises $17.2 Million in Series B round

mfine, a health-tech AI startup raises $17.2 million in Series B funding led by Japan-based venture capital firm and SBI investment. Singapore-based SBI Ven Capital which is SBI Group's Southeast-Asian investment arm and tech-focused global venture capital firm BEENEXT also participated in the round alongside existing investors, Stellaris Venture Partners and Prime Venture Partners. Over 100,000 customers have consulted on mfine in the last 15 months and customer base is growing 30% month over month. More than 500 MD/MS doctors, including some of India's top doctors from over 100 reputed hospitals practice across 20 specialties on mfine. Collectively, they have been able to expand their reach beyond the physical boundaries of the cities and have served over 800 towns in India. On ...

23Apr By AdityaNo Comments

FUNDING

Lending Startup ZestMoney raises $20 million funding

Bengaluru-based lending startup ZestMoney has raised $20 million in fresh funding led by Washington based fintech investment firm Quona Capital. Australia based fintech investor group Reinventure, existing investors Ribbit Capital, Omidyar Network and PayU are also participate in this round. The company will use this fund to invest in tech space and hiring. As per the press release, ZestMoney will hire 60 engineers and 20 data scientists in one year and improve integration with partner NBFCs and online retailers with whom it offers EMI options to customers. “Quona and Reinventure are both specialist fintech venture funds. There’s definitely a lot of momentum in our space right now, with everyone in e-commerce talking about affordability through EMI and we’re just riding off t...

Bike rental startup Bounce raises $3 million

23Apr By PriyankaNo Comments

FUNDING

Bike rental startup Bounce raises $3 million

Bike rental startup Bounce has raised $3 million in debt funding from existing investors Innoven Capital. The funding will use to expand its operation. Till date, Bounce raised over $22.5 million in two rounds and the total debt funding from Innoven is now $6 million. As per the news, the bike rental is also in talks with Facebook co-founder Singapore based fund for further investment. Founded in 2014, the Bengaluru based Bounce has a fleet of 5,000 keyless bikes. Bounce offered premium motorcycle rentals under the Wicked Rides banner, it later added commute bikes under the Metro Bikes label, re-branded as Bounce in August 2018. Bounce currently claims to complete 24,000 rides a day and more than 1.9 million rides since inception. Since the start of its service in September 2...

New York based Native Raises $2.5 Million

20Apr By NitishNo Comments

FUNDING

New York based Native Raises $2.5 Million

New York-based Native, an on-demand marketplace raises $2.5 million round funding to fuel its global growth. The funding round was led by Lavrock Ventures, alongside participation from Riverbend Capital. Native enables global brands to task locals to collect any type of data they need on the ground nearly anywhere in the world, from pricing to store checks. Native operates in over 30 countries around the world with offices in New York, Washington DC, London, etc. “We are changing the face of market research in over 35 countries and in more than 16 languages around the world,” said Matt McNabb, co-founder and CEO of Native, “and we’re psyched to be working with Daniel and the talented teams at Lavrock and Riverbend to accelerate that reality.” The funding round comes at an impo...

16Apr By NitishNo Comments

FUNDING

Kuvera Raises $4.5 million in Series A funding

Kuvera, a mutual fund investment platform raises $4.5 million Series A funding from Eight Roads, the investment arm of Fidelity International. This company will use funding to build its team and expand its product portfolio and Mr. Alokik Advani, head of Eight Roads Fintech Strategic Investments, will join the board of Kuvera. Bengaluru based Kuvera manages more than Rs 3,000 crore in mutual fund investments using artificial intelligence (AI) to help customers secure better returns and enhance its product and service range to reduce the costs. Kuvera is a zero-fee mutual fund investment platform that provides an option to set investment goals. “With Eight Roads as an investor, we will continue to innovate and expand our advisory offering across financial products. We have an ...

13Apr By AdityaNo Comments

FUNDING

Travel platform Tripoto raises $3.6 million funding

Travel community platform Tripoto has raised $3.6 million (₹25 crore) funding from Orchid India and existing investors. The funds will be utilised to scale up Tripoto's community and marketplace. The new areas of growth that the company is focusing on are vernacular content, short video and influencer commerce, leveraging the strength of this flourishing community, Tripoto said in a statement. Since its inception, the company has raised a total of ₹50 crore, it added. Existing investors in the company are Chiratae Ventures, 3one4 Capital and Lasmer NV. "Our aim is to scale both B2C and B2B side of the platform. On the consumer front, we want to capture the entire life-cycle of a traveler- everything from getting inspired, discovering, planning and finally, carrying out ...

6Apr By NitishNo Comments

FUNDING

Sqreen Closes $14 Million Series A Funding Round Led by Greylock Partners & Y Combinator

SAN FRANCISCO- Sqreen, the industry’s first provider of Application Security Management (ASM), today announced the close of a $14 million Series A funding round led by Greylock Partners with Y Combinator and previous investors Alven Capital and Point Nine also participating. Greylock partner Sarah Guo joins the board. To date, Sqreen has raised more than $18 million in total funding. Sqreen’s ASM platform, used to protect more than 500 companies around the world today, is a modern approach to security in production for web applications and cloud workloads. ASM leverages microagents embedded in applications to identify and automatically protect against threats in real time. Sqreen is easy to use and deploy. With no software code modifications, Sqreen can be up and running and pr...