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Flatfile Raises $7.6M from Two Sigma Ventures & Google

11Jun By AdityaNo Comments

FUNDING

Flatfile Raises $7.6M from Two Sigma Ventures & Google

DENVER, June 11, 2020-- Flatfile, a drop-in spreadsheet importer raises $7.6 million in funding led by Two Sigma Ventures, with participation from existing investors including Afore Capital, Designer Fund, and Gradient Ventures, Google's AI-focused venture fund. New investors HNVR, Work Life Ventures, Quiet Capital, Basecamp Fund, and Soma Capital also participated in this round. The funding coincides with the launch of Concierge, its newest product focused on data onboarding for large enterprises. Founded in 2018 by David Boskovic (CEO) and Eric Crane (COO), Flatfile's mission is to remove barriers between humans and data. The company's software products focus specifically on solving the problem of data onboarding, the process businesses use to accept data...

Anand Mahindra invests $1 million in Indian social media startup Hapramp

11Jun By AnkitaNo Comments

FUNDING

Anand Mahindra invests $1 million in Indian social media startup Hapramp

NEW DELHI: Mahindra Group Chairman Anand Mahindra has invested USD 1 million (about Rs 7.5 crore) in Gurugram-based Hapramp -- a startup working on technologies like blockchain and social media. The startup was founded in 2018 by five students of Indian Institute of Information Technology-Vadodara. "Took 2 yrs, but I finally found the start-up I was looking for! @Hapramp is indigenous, built by 5 young founders & brings together a best-in-class combination of creativity, technology & data protection. Look out for @gosocial_app their social networking platform," Mahindra tweeted on Wednesday. In 2018, Mahindra had announced via Twitter a funding opportunity for an Indian social media startup that met certain criteria. He had asked ex-Mahindra executive, Jaspreet Bindra...

Arkam Ventures- Indian Founders led Investment fund raises $42 Million

9Jun By AnkitaNo Comments

BUSINESS

Arkam Ventures- Indian Founders led Investment fund raises $42 Million

New Delhi, 9th June, 2020: Arkam Ventures, a VC fund led by Indian entrepreneurs raises around $42 Million (325 crores) in its first funding round. Arkam Ventures previously known as Unitary Helion looking to support founders with bold and unconstrained ideas that reshape the largest markets in India and positively impact the lives of hundreds of millions of Indians. "We announced our first close with INR 325 CR in committed capital en route to our target of INR 700 CR for the fund. We have already made two investments with three more to be announced shortly", the company said in a blog post. Indian entrepreneurs like Vijay Shekhar, Binny Bansal, Sanjeev Bhikchandani, Rajesh Magow, Mekin Maheshwari and Kumar Sudarshan, among many others, are supporting this fund. The Arkam ...

Silver Lake & Co acquire additional 0.9% Stake in Reliance Jio

7Jun By PriyankaNo Comments

ACQUISITION

Silver Lake & Co acquire additional 0.9% Stake in Reliance Jio

New Delhi: Reliance Industries said private equity fund Silver Lake and its co-investors invest an additional $601.40 million (Rs 4,546 crore) in digital unit Jio Platforms. The investment comes on top of the $750 million Silver Lake committed to Jio Platforms earlier this month. With this investment, Silver Lake's stake in Reliance Jio raises 2.08 percent from earlier 1.15 percent. Reliance has now sold nearly 20 percent of Jio Platforms to investors, including Facebook, KKR, UAE based fund, etc. securing around $12 billion in less than six weeks. The deal controlled by India's richest man Mukesh Ambani, including a $7 billion share sale, with plans to eliminate $21.4 billion of net debt by the end of the year. "The investment momentum behind Jio validates a compelling b...

Anvil Raises $5M from Google and Citi Ventures

4Jun By AdityaNo Comments

FUNDING

Anvil Raises $5M from Google and Citi Ventures

SAN FRANCISCO, June 4, 2020-- Anvil, a paperwork automation platform raises $5 million in Series A investment. Gradient Ventures Google's AI-focused investment fund led the round, with participation from Citi Ventures, Menlo Ventures, Financial Venture Studio, and 122 West. Anvil is a low-code paperwork automation platform that helps businesses quickly build simple online experiences for paperwork processes. Paperwork is at the core of office work in America; every day millions of forms are shared, filled out, signed, and then returned to the requester for processing. The process is insecure, error-prone, tedious, and requires countless human hours to transcribe information from PDFs into various computer systems. Endless forms also waste valuable time and cause frustration...

2Jun By AdityaNo Comments

FUNDING

Knorish raises $323k in funding for business expansion

New Delhi, June 2, 2020: IT start-up Knorish has raised $323000 (Rs 2.4 crore) in a funding round from Standard Greases Family group and former business head of Sony Liv, Uday Sodhi, to expand operations, the company said on Tuesday. Earlier in December, it had raised funding from venture capitalist firm 100X.VC as part of its seed funding round. "Knorish has raised USD 3,23,000 (about Rs 2.4 crore) as part of its pre-series A as a follow up to the seed round raised in December last year by 100X.VC. The current round saw participation from the Standard Greases Family group and Uday Sodhi, ex-business head of Sony Liv," the company said in a statement. Knorish provides software tools to professionals for launching online platform. "We are looking at global growth to touch lives...

Ola Money raises $27 million from Matrix Partners, others

27May By PriyankaNo Comments

FUNDING

Ola Money raises $27 million from Matrix Partners, others

New Delhi, May 27, 2020: Ola Financial Services (OFS), which operates Ola Money, has raised $27 million (about Rs 205 crore) in funding from Matrix Partners and others as part of its maiden institutional financing round, as per regulatory documents. Gemini Investments LP, Arun Sarin's family office, and Alpha Wave Holdings also participated in the round, according to the documents. While Ola did not comment on the fund raise, sources close to the development said the transaction valued the company at about USD 250 million (about Rs 1,875 crore). The development comes even as OFS head Nitin Gupta has decided to move on from his active role at Ola. In an email to employees, Ola CEO Bhavish Aggarwal said, Harish Abhichandani will take over the role as the interim CEO of OFS. "...

23May By AnkitaNo Comments

FUNDING

Wireless tech startup Ray Raises funding from Quick Heal

May 22nd, 2020: Antivirus maker Quick Heal announced a strategic investment of $263k (INR 2 Crores) in Ray Pte. Ltd., a Singapore based start-up specializing in next-generation networking and wireless technology. The investment reinforces a shared vision of ensuring a safe, secure and seamless digital experience for everyone. The development displays Quick Heal’s ongoing efforts to invest in disruptive technologies that will shape the future of cybersecurity while supporting innovative startups. The company had recently invested USD 300,000 in Israel based L7 Defense. Incorporated in the year 2019, Ray is an innovation driven technology company with a vision to reimagine networking and wireless technology. Ray’s flagship product RayOS is an open, secure, cloud native, extensible Op...

20May By PriyankaNo Comments

FUNDING

Indian Ledger App Khatabook raises $60 million in funding by Facebook Cofounder

India's leading ledger app Khatabook raises $60 million in equity round funding led by Facebook co-founder Eduardo Saverin's B Capital Group & others. Started in 2018, Khatabook is an android app that helps Small Shopkeepers and Kirana owners manage Credit & Debit transactions using their digital ledger service. The total funding has raised by the firm is $87 million. The Series B round values Khatabook at between $275 million and $300 million. The funding round has also seen participation from existing investors, including Sequoia Capital, Partners of DST Global, Tencent, GGV Capital, and RTP Global, along with a number of prominent angel investors like Kevin Weil, Alexander Will, Cred founder Kunal Shah, and Snapdeal co-founders Kunal Bahl, Rohit Bansal. Kahatab...

19May By PriyankaNo Comments

FUNDING

Lendingkart raises $40 Million in equity funding

Lendingkart Technologies raises $40 million (about Rs 320 crore) in an equity funding round led by existing investors including Fullerton Financial Holdings Pte Ltd (FFH), Bertelsmann India Investments, Sistema Asia Fund and IndiaQuotient. The series D round comprised two tranches INR 233 crore as part of D1, and INR 86.24 crores in D2 fund-raise, according to a company statement. Lendingkart has raised over Rs 1,050 crore of equity capital from investors till date. This funding will be deployed to expand the company's lending base and further reach out to small and underserved micro and small enterprises, and to further strengthen the company's technological and analytics capabilities, the company said. "The fresh round of equity funding reaffirms the support of our investors...

18May By PriyankaNo Comments

FUNDING

Reliance Jio total funding: Facebook, Silver Lake, Vista Equity Partners & General Atlantic Invests $8.8 billion

India's leading telecom company Reliance Jio announced another funding round from US-based equity firm General Atlantic. General Atlantic invests $873 Million in Reliance Jio for 1.34% stake, the company said in a statement. This is the fourth deal of Investment in Reliance Jio in less than four weeks that will inject a combined $8.8 billion in the oil-to-telecom conglomerate to help it clear its debt. The Investment puts Reliance Jio's total value around $68 billion. According to the Pixr8 News data, the company has raised a total of $13.5 billion in funding over 9 rounds. The recent deal of General Atlantic follows Facebook picking up a 9.99 percent stake in the firm for $5.7 billion. Within days of that deal, Silver Lake, the world's largest tech investor bought a 1.1...

18May By AnkitaNo Comments

FUNDING

Agritech startup Eggoz raises $350k funding

Agritech startup Eggoz raises $350k (around Rs 2.5 crore) funding from investors to fund its expansion plans. Founded in December 2017, the startup is a full-stack egg producer of nutrition-rich eggs. It operates a network of poultry farms in Indian states like Bihar and Madhya Pradesh. Eggoz has raised $350k as part of its seed funding. It had earlier secured $200k from a clutch of angel investors. The seed funding round saw participation of investors like Tracxn Labs, Angellist, Tri-Deep Capital, founders of Letstransport, and angel investors along with existing investors Narendra Sankar, Sunil Mishra, and Vishal Sharma, the company said. Eggoz has so far sold over 20 million eggs and has more than 100k birds under management. It has developed a new farming model for small-s...