Wednesday, November 20

Tag: funding

Power2SME Bags $36 Mn In Series E Round Of Funding
19Sep By AnkitaNo Comments
FUNDING

Power2SME Bags $36 Mn In Series E Round Of Funding

Power2SME, an online buying hub for small-scale enterprises, has recently raised an additional $36 million funding in a Series E round from its existing investors Accel, Inventus Capital, Kalaari and IFC along with Nandan Nilekani. (more…)
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San Francisco Based Slack Raises $250 Mn From SoftBank Vision Fund
18Sep By PriyankaNo Comments
FUNDING, USA

San Francisco Based Slack Raises $250 Mn From SoftBank Vision Fund

San Francisco based Slack Technologies Inc. raises $250 million funding round led by SoftBank Group Corp.’s Vision Fund, valuing the startup at $5.1 billion. According to the reports, Slack will be utilising the funds for expansion in an increasingly competitive market for workplace messaging services. The Vision Fund was joined by Accel and other investors, Slack said on Sunday. Slack, which originally pitched as a dead-simple collaboration tool, is now looking to become more of a go-to for larger businesses as it faces a very competitive field with products from Microsoft and Atlassian. Slack earlier in this month reported that it has more than 6 million daily active users and has crossed around $200 million in annual recurring. ALSO READ   SoftBank Founder Masayoshi S...
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Travel Booking Startup GoFro Raises $10 Mn Funding In Series B Round
6Sep By Ankita SinghNo Comments
FUNDING

Travel Booking Startup GoFro Raises $10 Mn Funding In Series B Round

Delhi-based travel booking startup GoFro, has recently raised $10 million in a Series B round led by Japanese travel company HIS Co. Ltd. The round also saw participation from its existing investor MakeMyTrip. The company will be utilizing its funds to strengthen its technology platform, supply and agent network and expand into international markets. “Support of HIS and MakeMyTrip is a validation of the potential of GoFro’s marketplace platform. We now look forward to HIS’s global reach and experience to help us enhance our global supply network and provide great holiday packages at competitive prices,” said Amitabh Misra, founder and chief executive, GoFro. GoFro is a three-way online marketplace for holiday packages connecting travellers with suppliers and destination experts. The c...
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OncoStem Diagnostics Raises $6 Mn Funding From Sequoia Capital
6Sep By AnkitaNo Comments
FUNDING

OncoStem Diagnostics Raises $6 Mn Funding From Sequoia Capital

Bengaluru based oncology startup, OncoStem Diagnostics, has recently raised $6 million from VC firm Sequoia Capital India Advisors, a senior executive of the company said. OncoStem focuses on  personalized cancer treatment planning through the development of tests that try to effectively predict the chance of cancer recurrence in patients. It was founded by Manjiri Bakre in 2011. The startup earlier raised its first funding in 2011 from California-based VC firm Artiman Ventures which invested $3 million in the company in multiple tranches. “There are no affordable tests in India to accurately predict the risk of cancer recurrence. We aim to develop innovative and cost-effective tests that will help predict and assess the risk of recurrence in cancer patients, thus providing doctors ...
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PrimaryIO Inc. Bags $5.6 Mn In Seed Funding From Accel Partners, Others
5Sep By RishabhNo Comments
FUNDING

PrimaryIO Inc. Bags $5.6 Mn In Seed Funding From Accel Partners, Others

Silicon Valley- and Pune-based enterprise storage startup PrimaryIO, Inc. has raised $5.6 million in seed funding from Accel Partners, Exfinity Venture Partners and Partech Ventures. PrimaryIO will be using the funds to expedite its product development efforts. “This investment will help accelerate product development to bring innovation to the enterprise IT customers that are dealing with data center capacity, cost & performance issues, enabling them to benefit from the public cloud solutions while retaining control & security of their data,” the release read. Founded by Kumar Ganapathy and Vijay Karamcheti in 2014, PrimaryIO provides storage management software, for virtualized cloud data centres. ALSO READ Former Myntra Executives’ Health Tech Startup Bags $1.5 Mn Fr...
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Aahaa Stores Bags $1Mn In Second Round Of Funding From YourNest Angel Fund
2Sep By Press Trust of IndiaNo Comments
FUNDING

Aahaa Stores Bags $1Mn In Second Round Of Funding From YourNest Angel Fund

Online office supplies platform Aahaa Stores on Friday announced that it has raised $1 million in the second round of pre-series ‘A’ funding from investor group led by YourNest Angel Fund. Two of the existing investors including YourNest have participated in this round as well at a substantially higher valuation as compared to their earlier investments, Aahaa Stores said in a release. (more…)
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Former Myntra Executives’ Health Tech Startup Bags $1.5 Mn From Stellaris Venture Partners
1Sep By PriyankaNo Comments
FUNDING

Former Myntra Executives’ Health Tech Startup Bags $1.5 Mn From Stellaris Venture Partners

Former Myntra executives Prasad Kompalli and Ashutosh Lawania's health tech startup Mfine, has raised $1.5 million in its first round of funding led by Stellaris Venture Partners. The funding round also saw participation from Mayur Abhaya and Rohit MA, healthcare entrepreneurs from Stellaris’ Founder Network. Kompalli, who spent four years with Myntra, and Lawania, who cofounded Myntra, both left the company around December 2016 and started tinkering with the idea of using artificial intelligence in healthcare. “We got excited about the application of artificial intelligence in healthcare and changing the consumer experience,” said Kompalli. “We see a huge opportunity to build a consumer focused digital health platform in India.” The duo is joined at Mfine by former Myntra CTO Ajit...
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