Friday, May 17

Tag: funding

WeWork Bags $4.4 Bn Investment From SoftBank Group And Vision Fund
26Aug By AnkitaNo Comments
FUNDING

WeWork Bags $4.4 Bn Investment From SoftBank Group And Vision Fund

After having invested multibillion dollars in companies as diverse as the graphics chip maker Nvidia, an artificial intelligence software maker and an indoor farming start-up, SoftBank has chosen WeWork, a fast growing co-working spaces startup. This investment will accelerate WeWork’s ability to connect more people to WeWork's global community, which currently stands at approximately 150,000 members, as well as further expand WeWork’s physical presence across the globe. “Masayoshi Son is a visionary business leader and we are humbled by this strong endorsement of our mission and purpose,” said Adam Neumann, Co-Founder and CEO of WeWork. “This support from SoftBank and the Vision Fund will provide even more opportunities for creators as we set out to humanize the way people work and li...
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New Delhi Based Rootify Raises Rs 1.2Cr Seed Funding
21Aug By AnkitaNo Comments
FUNDING

New Delhi Based Rootify Raises Rs 1.2Cr Seed Funding

Delhi based Rootefy, a Rootefy International Pvt Ltd, a construction materials marketplace, has raised seed funding from Abhinav Gupta, director at Gurgaon-based real estate firm BNB Group. Founded by Nitish Gupta and Manish Kishore in April last year, it has recently raised a funding of Rs 1.2 crore (around $187,285). It will use the funds for infrastructure building, technology development, and team expansion, the founders said as per the source VCCircle. This marks Abhinav's first investment in a startup which  is closely aligned with his work. He is, however, keen on investing in startups in other sectors such as fin-tech as well, he said. “Gaining from my experience in the construction industry, I believe that Rootefy will give a kick-start to change the unorganised sector to b...
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CureFit In Talks To Raise $30 Mn Fresh Funding
17Aug By AnkitaNo Comments
FUNDING

CureFit In Talks To Raise $30 Mn Fresh Funding

Healthcare startup CureFit is in advanced talks to raise around $30 million of fresh funding to expand its fitness brand Cult, enter new markets and launch other health related services, Mint reported recently. (more…)
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SoftBank Makes Biggest Ever Investment In Indian Internet Space In Flipkart
10Aug By AdityaNo Comments
FUNDING, News

SoftBank Makes Biggest Ever Investment In Indian Internet Space In Flipkart

Indian ecommerce giant Flipkart has raised a record breaking funding of at least $2.5 billion from SoftBank Vision Fund, making its rival Amazon a huge blow and claiming its dominance in the market. The latest round of funding takes Flipkart’s cash reserves to more than $4 billion. Although, Flipkart didn’t disclose the amount, but said that the SoftBank investment comprises a mix of primary (investment in the company) and secondary capital (purchase of shares from existing shareholders). The amount invested will be somewhere around $2.5 billion in Flipkart, 3 people from the inside told, upon the condition of anonymity. There have been reports about the SoftBank's interest in investing in Indian ecommerce giant Flipkart, after the acquisition of Snapdeal by Flipkart didn't work out....
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StayAbode Raises Fresh Funding From A Clutch Of Investors
10Aug By AnkitaNo Comments
FUNDING

StayAbode Raises Fresh Funding From A Clutch Of Investors

Bengaluru-based co-living spaces builder,StayAbode has raised an undisclosed amount of funding in a fresh round of investment from Incubate Fund and a clutch of investors. The company plans to invest the capital to strengthen its technology platform and expand its team. (more…)
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