Sunday, March 3

Tag: funding

Plenty Secures $140 Million from Softbank Vision Fund
FUNDING

Plenty Secures $140 Million from Softbank Vision Fund

SOUTH SAN FRANCISCO, Calif., 15th Oct 2020-- Plenty Unlimited Inc. has secured a $140 million USD Series D round, led by existing investor Softbank Vision Fund 1 and including new investor Driscoll’s, the world’s leader in fresh berries. The investment will be used to fuel Plenty’s growth, including the execution of recently announced commercial collaborations with Albertsons and Driscoll’s, and the development of its new farm in Compton, California. To date, Plenty has raised over $500 million, making it the leader in sustainable, indoor vertical farming. “In just 30 years time, the world will need 70% more food than we currently produce, requiring more efficient use of land and water,” said Jeff Housenbold, Managing Partner at Softbank Investment Advisers. “Without innovation in ...
Razorpay Raises USD 100 mn in funding, Become Unicorn
FUNDING

Razorpay Raises USD 100 mn in funding, Become Unicorn

Bengaluru, Oct 13, 2020: Payments solution provider Razorpay has gained the ''unicorn'' status after aises USD 100 million funding from GIC, Sequoia Capital and existing investors. Witnessing a 300 per cent growth in its business during the past six months, Razorpay said it has raised a Series-D fundraising of USD 100 million, giving the company more than USD 1 billion in valuation. This round was co-led by Singapore's sovereign wealth fund GIC and Sequoia India, along with participation from Ribbit Capital, Tiger Global, Y Combinator, and Matrix Partners. Razorpay plans to use the new funding to further strengthen and accelerate two new product lines RazorpayX, a neo-banking platform; and Razorpay Capital, its lending arm and invest in new initiatives to empower small and medium...
The Logistics arm of Uber, Uber Freight Raises $500 Million
FUNDING

The Logistics arm of Uber, Uber Freight Raises $500 Million

SAN FRANCISCO & RYE, N.Y., Oct. 3rd, 2020-- Uber Technologies Inc. (NYSE: UBER) and New York-based investment firm Greenbriar Equity Group and one of the leading investors in the logistics space invested $500 million in a Series A preferred stock financing for Uber Freight. After this funding round the logistics arm of Uber, valuing the unit at $3.3 billion. Uber will maintain majority ownership in Uber Freight and will use the funds to continue to scale its logistics platform and accelerate product innovation to equip shippers with technology to power their supply chains. In connection with the investment, Michael Weiss and Jill Raker, Managing Partners of Greenbriar, will join the Uber Freight Board of Directors. With a combination of more than 40 years of investing exper...
Axis Security Raises $32 Million to Accelerate Growth
FUNDING

Axis Security Raises $32 Million to Accelerate Growth

SAN MATEO, Calif., Oct. 2, 2020-- Axis Security, the leader in Zero Trust Access raises $32 million in Series B funding led by Canaan Partners, with participation from existing investors Ten Eleven Ventures and Cyberstarts. Axis will use the funds to accelerate growth and meet market demand driven largely by COVID-19 and the work from anywhere (WFA) movement sweeping the globe. As part of the funding round, Canaan Partners' general partner Joydeep Bhattacharyya has joined Axis Security's board of directors. "Axis has quickly established itself with a differentiated, already proven approach to the decades-old problem of securing application access," said Bhattacharyya. "What has been most impressive to us is how the company has moved quickly and met the opportunity since coming out ...
Walmart to Invest $25 bn in Tata Group’s ‘Super App’
BUSINESS

Walmart to Invest $25 bn in Tata Group’s ‘Super App’

Walmart Inc is in talks with Tata Group for a potential investment of up to $25 billion in the Indian salt-to-software conglomerate's new "super app", the Mint newspaper reported on Tuesday, citing people familiar with the matter. According to ongoing discussions between the two companies, the super app could be launched as a joint venture between Tata and Walmart, leveraging on the synergies between Tata's e-commerce business and Flipkart, Walmart's e-commerce unit, according to the report. The news comes as Reliance Industries Ltd, controlled by Asia's richest man Mukesh Ambani, raised over $20 billion from investors including Facebook, Alphabet's Google, KKR & Co, and Silver Lake Partners by selling stakes in its digital business Jio Platforms. The Walmart investment could...
Email Marketing Service Provider Sarbacane Raises $27 Million in Funding
FUNDING

Email Marketing Service Provider Sarbacane Raises $27 Million in Funding

HEM, France, Sept. 8, 2020 -- New York-based the Sarbacane Group, a publisher of applications for corporate communications raises $27M and takes on a new dimension in the digital marketing segment. Sarbacane group provides email marketing and digital service in Europe. The group built a range of products around its expertise in email marketing, text messaging campaigns, and marketing automation, introduced in late 2019, and Datananas, a Paris-based startup acquired in April 2020. IDI, one of the leading listed investment companies in France, is investing nearly $10 million in the company alongside the management, under the leadership of founder Mathieu Tarnus, who remains the majority shareholder. This move underpins an ambitious strategy of innovation and external growth Th...
Deepsync Tech raises $300k from three angel funds
FUNDING

Deepsync Tech raises $300k from three angel funds

Sept 8th, 2020: Deepsync Technologies, which allows users to clone their voice to augment content production through Artificial Intelligence (AI), has raised about $300,000 (Over Rs 2.2 crore) from three angel funds Anicut Angel Fund, 9Unicorns and Firstcheque. The startup is expected to use the capital to expand business operations, ramp up tech and product development, and expand its technology team. This is the second round of fundraising for the company. Early-stage investor Zeroth.AI is an existing investor in the company. Anjan Ghosal and Venkat Raju were the leads in this investment on behalf of Anicut Angel Fund while the other investors who participated in this round through the fund were Ashvin Chadha, Sanjiv Bajaj, Varun Thapar, Pran Mehra, and Tushar Singh. A representa...
Fantasy Akhada raises funding from Harsha Bhogle
FUNDING

Fantasy Akhada raises funding from Harsha Bhogle

Cricket commentator Harsha Bhogle has invested an undisclosed amount in gaming startup Fantasy Akhada, and will be the brand’s face for the next two years, the company said on Friday. Fantasy Akhada founder Amit Purohit said that onboarding of Bhogle as an investor will boost subscribers’ confidence towards the platform, while the startup will continue building technology to serve the gamers on the platform. “I have realized that during a cricket match, everyone wants to join the game. While limited people can play on the ground, several fans engage in the game online through various sorts of games. There fantasy gaming is growing and it is good to invest in something which is growing,” Bhogle told PTI. The company did not disclose the investment details. “Besides the growth...
imocha raises pre-series A funding of $600K
FUNDING

imocha raises pre-series A funding of $600K

PUNE, India, Aug. 26, 2020-- SaaS-based digital skills assessment startup Interview Mocha has secured $600,000 in pre-series A funding from a group of investors, including Freshworks CEO Girish Mathrubootham.Interview Mocha has remained bootstrapped since its founding in 2015 and has revenues of more than $2 million ARR. The startup was founded by former IBM executives Amit Mishra and Sujit Karpe. Other high-profile investors in the round include former Snapdeal CPO and Facebook Director Anand Chandrasekharan, and Vaibhav Domkundwar, CEO of Better Capital. Girish Mathrubootham, CEO of Freshworks, said, "Amit and Sujit have built a solid team, and a product that customers love. The company is already profitable and has a big addressable market." "Talent leaders of global companies...
Space Tech Startup Pixxel secures USD 5 million in funding
FUNDING

Space Tech Startup Pixxel secures USD 5 million in funding

Bengaluru, 19th Aug 2020: Indian space-technology startup Pixxel has raised USD 5 million in a seed round led by Blume Ventures, growX ventures, and Lightspeed India. The round also included contributions from Inventus Capital India and other angel investors including Stanford Angels and Ryan Johnson, a veteran in the earth imaging space, it said in a statement. The new funding will strengthen Pixxels plans for its first satellite launch later this year and accelerate development of the second satellite, it said. In conjunction with the funding, Ryan Johnson, previously founder and CEO at Blackbridge, a Canadian earth- imaging company, and ex-President at Planet Labs, one of the largest satellite imaging companies in the world, will be joining the Board of Directors at the compan...
SpaceX raises $1.9 billion in funding
FUNDING

SpaceX raises $1.9 billion in funding

Elon Musk-led aerospace company SpaceX raises $1.9 billion in new funding, according to a regulatory filing on Tuesday. This would be the largest funding round raise by SpaceX till date. Bloomberg, in its report, said that the private rocket company will have an equity value of $46 billion after the transaction, citing people familiar with the matter. SpaceX is an American aerospace manufacturer and space transportation services company headquartered in Hawthorne, California. It was founded in 2002 by Elon Musk with the goal of reducing space transportation costs to enable the colonization of Mars. Its designs, manufactures and launches the world’s most advanced rockets and spacecraft.
Lightspeed India raises $275 Million Fund
FUNDING

Lightspeed India raises $275 Million Fund

NEW DELHI, 18th Aug 2020-- Lightspeed India Partners closing of its third fund Lightspeed India Partners III with $275 Million of committed capital. Lightspeed has invested over $750 Million in India since its inception in India and with this fund, Lightspeed will continue to partner and support bold entrepreneurs building for tomorrow, right from inception through growth stages. This year began with a crisis like no other. It is always tough to start a company, it requires passion & leadership and in these times, it requires more courage than ever before. Lightspeed believes this is when the best entrepreneurs and companies of the future will emerge. Strong founders are utilizing the tailwinds of India’s digital ecosystem growth to build out a new future and Lightspeed is ...