funding | Pixr8 News

8Jul By PriyankaNo Comments

FUNDING

TagHive raises $10 million in funding from South Korea based Joon Hyon

New Delhi, July 8, 2020: Samsung Ventures-backed Edtech startup TagHive raises $10 million in funding from Complement Capital Managing Partner Joon Hyon. While the company did not disclose the amount of funding raised in the pre-series A round, sources said the amount ranged between Rs 3-5 crore. "Our efforts to develop the product in South Korea have paid rich dividends to us as we now cater to over 400 schools there,” Pankaj Agarwal, founder, and CEO of TagHive, said. Class Saathi, as a platform, has already been proven to be effective in India in collaboration with the governments of Uttar Pradesh and Madhya Pradesh, he said, adding that the startup will deploy the funds to strengthen its presence in these two states. The funds will also be used to rapidly grow the presence ...

Aye Finance raises $17 million from Invest in Vision

7Jul By PriyankaNo Comments

FUNDING

Aye Finance raises $17 million from Invest in Vision

Fintech startup Aye Finance raises $17 million (Rs 125 crore) in debt from Germany-based Invest in Vision, a top official of the company said. The company will use the fund to enhance lending for the micro-enterprise sector, Aye Finance managing director Sanjay Sharma said. "Since our inception in 2014, we have been making affordable loans a reality for the historically credit-starved micro-enterprises of India. We are grateful for the support we receive from Invest in Vision and other debt partners in helping us realize our mission of creating an inclusive India," Sharma said. Aye Finance is a finance company that provides business loans to micro and small businesses has raised a total of $244.4 Million in funding over 22 rounds. быстрый займ на картузайм на карту мгновенно с пл...

26Jun By AnkitaNo Comments

FUNDING

BYJU’S raises funding from Mary Meeker’s led VC firm BOND

India based ed-tech platform BYJU'S raises funds from global technology investment firm BOND at a valuation of $10 billion. This is the first Indian startup investment of Mary Meeker's led VC firm BOND. In February, BYJU'S raised about USD 200 million in funding from General Atlantic. At that time, sources had said the company was valued at about USD 8.2 billion. BYJU'S which has raised well over USD 1.3 billion had also announced raising funds from Tiger Global Management in January. "This partnership (with BOND) is a testament to the role that BYJU'S is playing in helping students learn better by customizing our platform to their abilities. It also demonstrates the rising global interest in education technology as digital learning becomes increasingly accepted and embraced,...

25Jun By PriyankaNo Comments

FUNDING

Slice raises $6 Million in funding led by Japan-based Gunosy

New Delhi, Jun 25, 2020: Fintech startup slice (formerly known as SlicePay) raises $6.08 million (Rs 46 crore) in funding led by Japan-based investor, Gunosy. The pre-series B round also saw participation from US-based EMVC, Kunal Shah of CRED, Better Capital and existing investor, Das Capital, a statement said. "This round of funding will help slice double its management team, explore banking partnerships to launch co-branded prepaid cards and credit cards and have over 5 lakh users by the end of fiscal 2021," it added. "As a young team, we understand this consumer very well and in the last four years, our primary focus has been making youngsters'' financial experience fun and seamless. As we accelerate towards our next phase of growth, support from new investors like Gunosy, EMV...

Payment startup Checkout.com valuation triples to $5.5bn

22Jun By AdityaNo Comments

FUNDING

Payment startup Checkout.com valuation triples to $5.5bn

22nd June 2020, London– Leading global payment solution provider Checkout.com becomes one of the most valuable fintechs globally raises $150m in Series B funding round. Tripling the valuation to $5.5bn reflects a growing business demand for transformative online payment solutions that perform across all geographies and channels. Checkout.com’s online transaction numbers had already increased by 250% comparing May ‘19 and May ‘20. With an exclusive focus on online payments, global lockdowns have further accelerated Checkout.com’s growth as businesses have rapidly pivoted online. The Series B funding was led by Coatue, along with participation from existing investors, including Insight Partners, DST Global, Blossom Capital, and Singapore’s Sovereign Wealth Fund, GIC. Checkout....

Milk Mantra raises $10 mln in debt financing from US DFC

19Jun By AdityaNo Comments

FUNDING

Milk Mantra raises $10 mln in debt financing from US DFC

NEW DELHI, 19th June, 2020: Dairy foods company Milk Mantra said US International Development Finance Corporation (DFC) has committed $10 million (over Rs 76 crore) for structured debt financing to the company. DFC has also approved $3,71,000 (about Rs 2.8 crore) in technical assistance to support the company's agriculture extension services and ethical milk sourcing programme, according to a statement. "The main focus of this would be to build out Milk Mantra's digital financial services platform for its network of farmers. This platform will drive financial inclusion for farmers, especially women farmers," it added. There are nearly 100 million dairy farmers in India with a significant proportion being women. The company was founded in August 2009 by the former director of Tetle...

CasaOne raises $50 million from Credit Suisse

19Jun By AdityaNo Comments

FUNDING

CasaOne raises $50 million from Credit Suisse

San Francisco, CA, 19th June 2020: Furniture rental company CasaOne has received USD 50 million (around Rs 375 crore) of debt financing from financial services company Credit Suisse. The funding will be used to support the overall growth of the business affording expansions into additional product categories within furniture, fixtures, and equipment, the company said in a statement. "In light of COVID-19, we are seeing a further acceleration in demand for on-demand, flexible furniture rental and leasing options in addition to remote work or work from home solutions. This funding will help us expand into newer equipment categories to support businesses emerging out of the current crisis," company's chief executive Shashank Shankaranarayana said. Last year, the company raised $16 mi...

19Jun By AnkitaNo Comments

FUNDING

Car servicing startup GoMechanic Raises funding from Pawan Munjal

New Delhi, Jun 18, 2020: Hero MotoCorp Chairman Pawan Munjal invests in Car servicing startup GoMechanic. The investment made by Munjal in his personal capacity comes in addition to the Series B round of institutional funding received by the company, GoMechanic said in a statement. The latest funding would be used by the company to strengthen its technology stack, fuel geographical expansion, streamline spare parts procurement and amplify brand promotion, it added. Munjal's coming on board as an investor will further enhance the company's profile and will add to the rapid growth of the startup, which has already raised funds from prominent investors such as Sequoia Capital, Chiratae Ventures, Rohit Bansal, Kunal Bahl, Orios and Dhianu Das, it said. "Having Pawan Munjal as an in...

16Jun By PriyankaNo Comments

FUNDING

Silicon Vally based AI Startup Drishti raises $25M in Series B round of funding

MOUNTAIN VIEW, Calif., June 16, 2020– AI-powered video analytics startup Drishti Technologies raises investment of $25M in Series B round. The round was led by Sozo Ventures, was raised upon demonstrated evidence that Drishti’s AI-powered video analytics, data, and insights bring significant benefits to manufacturers and the people they employ on the factory floor. As part of this round, Uday Sandhu from Alpha Intelligence Capital has joined Drishti’s board of directors. Alpha Intelligence Capital, Toyota AI Ventures, Micron Ventures, Presidio Ventures, HELLA Ventures, as well as current investors Emergence Capital, Benhamou Global Ventures and Andreessen Horowitz, also participated in the round. Drishti’s Series B financing will fuel its expansion into plants across North A...

15Jun By AdityaNo Comments

FUNDING

Ed-tech startup Edvizo raises $150,000 in funding

Bangalore-based ed-tech startup Edvizo raises $150,000 (more than Rs 1.13 crore) in a seed funding round from Inflection Point Ventures. Edvizo acts as an online marketplace to search, compare and enroll in the best institutes for competitive exam preparation. It enables coaching institutes to get more students through their platform thereby helping them reduce their expenses on marketing and branding and invest more in acquiring top teaching talent. Edvizo has associated with 2650 institutes already and has over 50,000 registrations on its platform. The venture intends to utilise these funds to strengthen its technical & sales team, along with acquiring more users and expanding to more cities. "We are excited to work with IPV to continue building and rolling out our ed-tech p...

TPG picks 0.93 pc stake in Jio Platforms for $600 Million

13Jun By PriyankaNo Comments

FUNDING

TPG picks 0.93 pc stake in Jio Platforms for $600 Million

New Delhi, Jun 13, 2020: Reliance Industries sold 0.93 percent stake in its digital unit Reliance Jio to global alternative asset firm TPG for $600 million (Rs 4,546.80 crore), taking the cumulative fundraising to over $13.49 billion (Rs 1.02 lakh crore) by selling nearly 22% stake that will help pare debt at the oil-to-telecom conglomerate. "TPG will invest $600 million (Rs 4,546.80 crore) in Jio Platforms at an enterprise value of $65 billion (Rs 5.16 lakh crore)," the company said in a statement. The investment will translate into a 0.93 per cent equity stake in Jio Platforms on a fully diluted basis for TPG. "With this investment, Jio Platforms has raised $13.49 billion (Rs 102,432.45 crore) from leading global technology investors including Facebook, Silver Lake, Vista Equity...

California based JIFFY.ai raises $18mn led by Nexus Venture Partners

12Jun By PriyankaNo Comments

FUNDING

California based JIFFY.ai raises $18mn led by Nexus Venture Partners

Palo Alto, Calif, Jun 12 2020: Enterprise automation platform JIFFY.ai raises USD 18 million (around Rs 136 crore) in Series A round funding led by Nexus Venture Partners. The funding round also saw participation from Rebright Partners, W250 Venture Fund (founded by alumni of the Stanford Executive Program), and corporate leaders led by Sri Viswanath, Richard Galanti, Charles Goldman, Tony Thomas, Jim Brady, and Bob Ward, a statement said. "Our goal is to set a new standard for business at the intersection of entrepreneurship and innovation. Across our entire team, we''re dedicated to tackling the effects of automation on the workforce, not just by accelerating the path to profit for businesses, but also through our foundation arm, we''ll invest in programmes to re-train and up-skill...