Thursday, May 2

Tag: funding

Healthcare Service Aggregator Click2Clinic Raises $850k From A Group Of Angel Investors
2Aug By AnkitaNo Comments
FUNDING

Healthcare Service Aggregator Click2Clinic Raises $850k From A Group Of Angel Investors

Health-tech startup Click2Clinic has recently raised around Rs 5.4 crore ($850,000) from a group of angel investors in the US and Malaysia, a company statement said. With this investment, Click2Clinic has acquired Wellness Home Health Care, an agency which offers home health care services in Bengaluru, for approximately Rs 4 crore in an all-stock deal. Founded by Chalapathi Naik and Rajneesh Chakravarthy, Wellness’ scope of services includes nursing, vital check-ups, wound dressing, nebulisation, medications, and bed bath by qualified health nurses. The Hyderabad-based Click2Clinic, which aggregates hospitals, diagnostic firms, pharmacies and ambulance services, will use the funds to strengthen its product offering and expand its services to new markets. Click2Clinic, which has...
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Delhi Based Brick2wall Raises Rs 1.3 Crore Angel Funding
30Jul By AnkitaNo Comments
FUNDING

Delhi Based Brick2wall Raises Rs 1.3 Crore Angel Funding

Delhi-based Brick2wall Technologies, which owns and operates Brick2wall.com, an online marketplace for sourcing construction materials as well as construction related services, has raised $200,000 in an angel round from multiple investors. These funds will be deployed for technology upgradation, increasing customer reach, and developing new business lines in Delhi NCR. Brick2wall, incorporated in July 2016 by brothers Nishant Garg and Shashank Garg, claims to be India’s largest marketplace that provides “live prices” of over 40,000 SKUs ranging from core building materials (cement, steel, bricks) to finishing items (electrical, wall finish, sanitary), which it fulfills through its over 500 vendors in Delhi-NCR. The investors who participated in the round include Sundeep Sahni, Founde...
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Ofo, Bike Sharing Startup To Raise $1 Bn From SoftBank Group
29Jul By reutersNo Comments
FUNDING

Ofo, Bike Sharing Startup To Raise $1 Bn From SoftBank Group

Chinese startup Ofo is in talks to raise $1 billion in a new funding round led by Japan's SoftBank Group, people familiar with the matter said, in what would be the largest fund-raising in the nation's bike-sharing business. Didi Chuxing, China's biggest ride-hailing firm which counts SoftBank as an investor, could join Ofo's new fundraising round，the sources told Reuters. Ofo could reach a valuation of close to $3 billion after the funding, one of the sources said. Ofo is seeking fresh capital less than a month after raising more than $700 million from investors led by Alibaba Group and two others, following rival Mobike, which in June announced a $600 million investment led by Tencent Holdings. The latest Ofo investment plan has not been finalised, the sources said, who declined to ...
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BYJU’S Bags An Undisclosed Amount Of Funding From Tencent Holdings Ltd
25Jul By RishabhNo Comments
FUNDING

BYJU’S Bags An Undisclosed Amount Of Funding From Tencent Holdings Ltd

Indian edu-tech startup BYJU'S has once again made headlines for raising an undisclosed amount of funding from China’s Tencent Holdings Ltd. “BYJU’S has emerged as the clear leader in the Indian education-tech sector. We share BYJU’S mission of transforming education by creating personalised learning experiences for students. We are excited to be partnering with Byju on this exciting journey” said Hongwei Chen, Executive Director of Investment and M&A at Tencent. The funding will be utilized to accelerate BYJU'S product development for new markets and enable its growth through acquisitions. “We are excited to have Tencent on board with us. This makes our strong investor portfolio even more diverse,” said Byju Raveendran, founder and CEO, Byju’s. Tenccent is a Hong Kong Stock Exchan...
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Pune-Based Vayana Network Bags $4 Mn From IDG, Jungle Ventures In Series A Round
17Jul By AdityaNo Comments
FUNDING

Pune-Based Vayana Network Bags $4 Mn From IDG, Jungle Ventures In Series A Round

Pune-based digital trade financing company Vayana Network Services Pvt. Ltd has raised $4 million ( Rs 26 crore) in a Series A round from IDG Ventures India Advisors Pvt. Ltd and Jungle Ventures Pte. Ltd. “This funding comes at an exciting time with GST driving the digital invoicing ecosystem in India and in the backdrop of increasing velocity for trade-based financing led by third-party platforms, globally. We plan on offering several value-added services for our clients to help them take advantage of the trade data,” said R N Iyer, founder and CEO of the company. Vayana Network provides a digital platform for short-term trade financing which helps corporates to set up programs with financial institutions to help their sellers or buyers to finance purchases or sales. Vayana Network h...
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Reliance Capital Receives 378 Crore From Nippon Life Insurance
14Jul By RishabhNo Comments
FUNDING

Reliance Capital Receives 378 Crore From Nippon Life Insurance

Reliance Capital Ltd., the holding company of Reliance Nippon Life Asset Management Limited (RNAM), has today received Rs. 378 crore from Nippon Life Insurance, a Fortune 500 company and one of the largest life insurers in the world, upon completion of the transaction for increasing NLI’s equity stake in RNAM to 49%. Reliance Capital will book capital gains on this final transaction in Q3 ending September 30, 2017. RNAM is the largest asset manager in India in terms of AUM, managing Rs. 3,58,059 Crore (US$ 55.2 Billion) as of March 31st, 2017, across mutual funds, pension funds, managed accounts and offshore funds. RNAM offers a well-rounded portfolio of products that meet varying investor requirements and constantly endeavors to launch innovative products and customer service ini...
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Yes Bank Gets Another $150 M From OPIC To Fund SME Lending
14Jul By Press Trust of IndiaNo Comments
FUNDING

Yes Bank Gets Another $150 M From OPIC To Fund SME Lending

Private sector Yes Bank has received another round of USD 150 million funding from US government and Wells Fargo to fund SME lending. This is the third round of funding as part of arrangement between the Overseas Private Investment Corporation (OPIC) US government development finance institution and Wells Fargo, with the objective to increase lending to small and medium enterprises in India. OPIC will provide USD 75 million in financing to Yes Bank and up to USD 75 million as a syndicated financing from Wells Fargo Bank, a part of financial services provider Wells Fargo & Company. This is the third transaction between OPIC and Yes Bank and comes close on the heels of last years USD 265 million OPIC facility, which the bank will use to extend SME financing in India, Yes Bank sa...
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SoftBank Plans To Invest In DIY Robots Startup Makebloc
13Jul By AnkitaNo Comments
FUNDING

SoftBank Plans To Invest In DIY Robots Startup Makebloc

SoftBank Group Corp. is in talks to invest in a STEM education and robotic startup Makebloc as per the sources said. Makeblock is looking to raise about $60 million in a series C round by the end of the year 2017 with a target to double its valuation to $400 M. The figures are preliminary and could vary depending on negotiations. Moreover, no official statement has been released by any of the company. Makebloc had earlier  raised a funding of $30 million in Series B round at a $200 million valuation led by Evolution Media China and Shenzhen Capital Group Co., Ltd. Founded in 2011(as a company in 2013) by aircraft-design major Jasen Wang, Makeblock is a leading DIY robotics construction and programming learning platform for makers, hobbyists, STEM learners, and educators. Makeblock...
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Fabogo(formerly known as Mazkara) Raises $2.25 Million Funding
11Jul By RishabhNo Comments
FUNDING

Fabogo(formerly known as Mazkara) Raises $2.25 Million Funding

Fabogo(formerly known as Mazkara) a salon and spa discovery platform run by Dubai based Mazkara FZ LLC, has recently raised $2.25 million (Rs 14.5 crore) in its third round of funding from Dunamis Ventures Pte Ltd. The company had earlier secured an angel funding of $500,000 in May, 2015 and $1 Million in January, 2016. Founded by Roy and Mohammad Ali Akmal, Fabgo was launched in Dubai in March 2015 entered in Pune, India in August 2015 and then later in Mumbai. The company is planning to utilize 40% of its funding to strengthen its technology and another 40 to increase its user base. The remaining amount will be used for geographical expansion. “Our focus this time is technology because we’re entering into the transaction game,” Roy, co-founder Fabogo said. Fabogo aims to be th...
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Farrukhabad based startup raises funding from London and Dubai Investores
10Jul By RishabhNo Comments
FUNDING

Farrukhabad based startup raises funding from London and Dubai Investores

Farrukhabad, Uttar Pradesh based startup- EduGorilla has recently raised an undisclosed amount of funding from London-based and Dubai-based investors. Founded by Rohit Manglik, EduGorilla is a one-stop community in Education for students, faculty and Institutes. Students can find answers of their career related queries, download study material, search Coaching, School or College. With the funds received, the startup said that it is aiming at expansion in the three states, namely- Uttar Pradesh, Haryana and Delhi. U.P alone serves a huge potential, with plenty of students and colleges itself. EduGorilla will utilize its funding in the expansion of business, its development, strengthen the core team and also expand its services to the rest of India. "This investment is a powerful endo...
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Mumbai Based Drums Food International Raises Rs 90 Crore
8Jul By AdityaNo Comments
FUNDING

Mumbai Based Drums Food International Raises Rs 90 Crore

Drums Food International, the parent company of Epigamia Greek yogurt, today said it has raised Rs 90 crore in a series-B round of funding. The round was led by Belgium-based consumer focused private equity group Verlinvest and venture capital firm DSG Consumer Partners, with participation from InnoVen Capital, it said in a statement. The company plans to utilise the funds to innovate and launch new flavours, initiate brand-building activities and increase production capacity. "It has been such a pleasure to work with Verlinvest and DSG Consumer Partners, they have been true value-added partners and helped us grow the business with full support and assistance," Drums Food International co-founder and CEO Rohan Mirchandani said. "Partnering again in this round was a no-brainer a...
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