funding | Pixr8 News

15Nov By Gauri SinghNo Comments

FUNDING

California-based ServiceTitan Raises $165 million in Series D Funding

California based service management software company ServiceTitan that helps leading home services businesses generate more leads and close more sales has secured funds amounting to $165 million in Series D funding round. This round was led by Index Ventures. Fresh investors such as New backers Dragoneer and T. Rowe Price also participated in the financing round along with existing investors Battery Ventures, Bessemer Venture Partners and ICONIQ Capital. The company has stated that this funding is the “largest software raise in Southern California history.” Along with this, the valuation of the company has now reached $1.65 billion — making it the newest unicorn out of the region. Prior to this, ServiceTitan raise funds seven months back. The funds raised in this funding round wil...

Perpule Secured $4.7 million from Kalaari Capital and Others

15Nov By Gauri SinghNo Comments

FUNDING

Perpule Secured $4.7 million from Kalaari Capital and Others

An omni-channel retail tech startup known as Perpule has reportedly raised $4.7 million in a Series A funding round. The particular round was led by Prime Venture Partners, Kalaari Capital and Venture Highway. The company provides consumers with a self checkout option at retail outlets, intends to use the funds for expansion into more outlets across 10 cities in the next year. The app allows customers to discover items, scan barcodes, get offer and pricing information for the products and the option to checkout and pay. Perpule is already working with retailers like Big Bazaar, Vishal Mega Mart, SPAR, MORE, HyperCITY, as well as with Quick Service Restaurants (QSRs) such as KFC. Also, the startup recently launched a digital cafeteria solution for QSRs which include cafeterias and ...

Brazil-based Technology Company Movile Secures $400 million

14Nov By Gauri SinghNo Comments

FUNDING

Brazil-based Technology Company Movile Secures $400 million

A Brazil based technology conglomerate known as Movile has just raised funds amounting to $400 million. This round was led by existing investors including Naspers and Innova Capital. The funds have basically been raised for its iFood subsidiary. The company was founded by chief executive officer Fabricio Bloisi which began as a digital content studio for mobile device and now has grown into a mobile services and content empire with aspirations of reaching 1 billion people. The company claimed to have estimated revenues over $240 million and over 150 million monthly active users. iFood alone recorded 10.4 million delivery orders for the month of October. According to the repors, iFood received 390,000 orders per day in Brazil in the last weeks of October accounting for 109% growth ...

14Nov By Gauri SinghNo Comments

FUNDING

Meditation App Simple Habit Raises $10 Million in Series A Funding

US based five-minute meditation app Simple Habit has reportedly secured an amount of $10 million in Series A funding round. This round was led by Silicon Valley-based venture capital firm Foundation Capital. With this, the developer’s total funding has reached up to $12.5 million. Prior to this, Simple Habit previously raised $2.8 million from seed investors. Foundation Capital was also an investor in the initial seed round, which included Y Combinator, NEA, Drew Houston, CEO of Dropbox, and Josh Reeves, CEO of Gusto. “Simple Habit has had a remarkable year,” said Yunha Kim, founder and CEO of Simple Habit. “As we welcomed millions of new users to our community, we added more than 1,000 new sessions to our audio content library, doubled the number of experts who contribute content on S...

12Nov By Gauri SinghNo Comments

FUNDING

Construction Tech Firm WakeCap Secures $1.6 Million in Seed Funding

A construction technology company based in UAE known as WakeCap has secured $1.6 million in seed funding round. The particular round was led by a group of global investors including Consolidated Contractor Company (CCC), Graphene Ventures, Abunayyan Holding and Inspire Ventures Arabia, SOSV, startAD Seed and SeedCo Capital. The company is planning to use these funds to develop the product and expand in every aspect, majorly in terms of their customers. “With this investment, WakeCap is set on the path to develop the product and expand our customer base in the MENA region to achieve our goal of utilizing today’s technology and save lives at the construction field,” Hassan Albalawi, Founder and CEO at WakeCap stated. The company was founded in 2017 and is basically an IoT-based enterpri...

Bengaluru-based Daily Tasks Management App Dunzo Raises Rs 7 crore

10Nov By Gauri SinghNo Comments

FUNDING

Bengaluru-based Daily Tasks Management App Dunzo Raises Rs 7 crore

Dunzo, a daily tasks management app based in Bengaluru has reportedly secured funds amounting to Rs 7 crore ($962,500) in a funding round. This funding round was led by venture debt firm Alteria Capital. The company plans to utilize these funds for general corporate purposes and to expand its services, the filings stated. The company is run by Dunzo Digital and according to the filings with the Registrar of Companies, it raised this sum early this month by issuing secured non-convertible debentures. Prior to this, Dunzo raised $12. 3 million (Rs 80.8 crore) in a Series B funding round in December 2017 led by ed by global technology giant Google. The deal also marked Google’s first direct investment into an Indian company. The company was founded by Biswas, Ankur Aggarwal, Dalvi...

Data Platform Datacoral Raises $10 Million in Series A Round

9Nov By Gauri SinghNo Comments

FUNDING

Data Platform Datacoral Raises $10 Million in Series A Round

A serverless data platform Datacoral has raised funds amounting to $10 million Series A financing round. This round was led by Madrona Venture Group. Along with this, existing backer Social Capital also participated in this particular funding. The company is planning to use the funds so raised to grow its business team in order to be able to reach more potential customers and to expand its engineering team. The company offers enterprises an end-to-end data infrastructure that will allow businesses and their data scientists to focus on generating insights over having to manage and integrate their data sources. “We have built a platform that easily and automatically brings together data from different applications and databases, organizes that data in any query engine and acts on insi...

Social Commerce Platform Meesho Raises $50 Million in Series C Round

6Nov By Gauri SinghNo Comments

FUNDING

Social Commerce Platform Meesho Raises $50 Million in Series C Round

A Bengaluru-based social commerce platform Meesho has reportedly raised an amount of $50 million in a Series C funding round. Following this funding round, the valuation of the company has reached between $200 million and $250 million. This particular round was led by Shunwei Capital, Yuri Milner’s DST Partners and RPS Ventures. Along with this, exisiting backers like Sequoia India, SAIF Partners, Venture Highway and Y Combinator also participated in this round. “We want to simulate the exact experience that happens offline,” Meesho co-founder and CEO Vidit Aatrey stated. “Sellers have the liberty to sell to 10 different people at 10 different prices.” The company is planning to use these funds to go deeper into its existing areas of business that includes offering more product catego...

3Nov By Gauri SinghNo Comments

FUNDING

Top Five Funding of the Week (29th Oct – 3rd Nov)

As we all know that funding is a major part of the startups. Every now and then we hear one or the other startup raising funds for expansion or various other purposes. So, every week we come up with the top five funding activities of the week that took place in the startup world. This week was also quite active in terms of funding activities and the company that raised the maximum amount of funds was financial research platform Sentieo that raised an amount of $19 million. Let’s now have a look on the top five funding activities of the week: 1) Captain Zack A pet care grooming startup called Captain Zack has raised an amount of $1.5 million in Pre-Series A round. The particular funding round was led by industrialists Kushal Desai and Chaitanya Desai through ...

2Nov By Gauri SinghNo Comments

FUNDING

Ad Analytics Startup Edo Raises $12 Million in Series A Funding

US-based ad analytics startup Edo has raised funds amounting to $12 million in Series A funding round. The particular round was led by Breyer Capital. Along with this, Vista Equity co-founders Robert Smith and Brian Sheth participated in the round, as did WGI Group. “For more than a decade I’ve watched the data science talent arbitrage transform industries from finance to defense, from transportation to commerce,” Breyer said. “We needed someone to bring these capabilities to bear on the systemic inefficiencies and methodological shortcomings of measurement and analytics in media and advertising.” On the customer side, Edo is already working with ESPN, Turner, NBCUniversal and Warner Bros. I wondered whether some of the TV networks might have been worried about what Edo would reveal a...

Petcare Startup Captain Zack Secures $1.5 million Funds

1Nov By Gauri SinghNo Comments

FUNDING

Petcare Startup Captain Zack Secures $1.5 million Funds

A pet care grooming startup called Captain Zack has raised an amount of $1.5 million in Pre-Series A round. The particular funding round was led by industrialists Kushal Desai and Chaitanya Desai through their family office. The company is owned by EM Personal Care and is based out of Mumbai. It is planning to use the funds raised in this round in marketing and brand awareness. Along with this, backers like Naval Bir Kumar – erstwhile head at IDFC Asset Management & Standard Chartered Asset Management, Sunil Agarwal, owner - entrepreneur at Joy Cosmetics and experienced investment banker Ketan Shah, who manages Panini Advisors LLP also participated in this round. Mohit Lalvani, MD & Founder of EM Personal Care stated that this industry currently is not so popular in India...

Germany-based E-Scooter Startup Raises $12 million from Ponooc

30Oct By Gauri SinghNo Comments

FUNDING

Germany-based E-Scooter Startup Raises $12 million from Ponooc

Germany-based startup Unu has secured an amount of $12 million in a financing round. This particular round was led by Ponooc. The round also saw participation from existing backers like Capnamic Ventures, Iris Capital, Michael Baum and NRW.BANK. With this, the company is planning to to release a second generation of its product, however, it hasn’t disclosed much yet. Unu is working on connected vehicles so that Unu could work with scooter-sharing services. The company is basically concerned with been building electric scooters and is working on new products and services. For the past five years, Unu has sold 10,000 scooters. The company is one of the most popular and successful European manufacturers of electric vehicles with Govecs, BMW and others. In comparison with electric car...