funding | Pixr8 News

3Nov By AdityaNo Comments

FUNDING

Zarget Raises $6 Million Series A Funding From Sequoia India

Zarget today announced it has raised $6M Series A round of funding, led by Sequoia India, with participation from current investors Accel, and Matrix Partners. The company plans to use funds to scale its marketing automation products and help small businesses easily optimize their web presence in real-time without any coding skills required. With Zarget’s all-in-one platform, any business owner has an easy and affordable way to become an effective digital marketer and improve performance of their websites instantly, without learning how to code or hiring an expensive IT department. Zarget offers all of the capabilities of competing solutions and more – including A/B testing, dynamic heatmaps, funnel analysis, form analytics, and user polls and feedback – but at 10% of the cost, and it’s...

TalentNext.com Raises $1 Million From Angel Investors

3Nov By NitishNo Comments

FUNDING

TalentNext.com Raises $1 Million From Angel Investors

TalentNext.com, an online platform that connects talent like actors and screenwriters with recruiters, has secured a second round of funding of USD 1 million from angel investors. Launched in July 2016, the platform focuses on providing recruitment within television, advertising, films and digital content. "Our aim is to support and augment the growth of promising talent across the country. This investment helps us expand to hundreds of cities across India and beyond the typical metropolitan and tier I regions," TalentNext.com CEO Shekhar Purohit said. According to Purohit, the talent discovery and recruitment platform has partnered with over 30 casting directors in Mumbai and has partnerships with industry bigwigs including Dharma Productions, OML, Culture Machine and Balaji Telefil...

Amazon Founder Bezos Invested in Biotechnology Company Unity

30Oct By NitishNo Comments

FUNDING

Amazon Founder Bezos Invested in Biotechnology Company Unity

UNITY Biotechnology known as Unity today announced the closing of a $116 million Series B financing from Bezos Expeditions (the investment vehicle of Jeff Bezos) and existing investors WuXi PharmaTech and Mayo Clinic Ventures. ARCH Venture Partners, Baillie Gifford, Fidelity Management and Research Company, Partner Fund Management, Venrock and other investors was also participated in this round. The funding will be used to expand ongoing research programs in cellular senescence and advance the first preclinical programs into human trials. Unity is a privately held biotechnology company creating therapeutics that prevent, halt, or reverse numerous diseases of aging. The company also announced that Keith Leonard, 25-year biotech industry veteran and current executive chairman, will ...

27Oct By reutersNo Comments

INDIA

India Allows Startups to Raise up to $3 Million Each via ECB

India has allowed start-ups to raise up to USD 3 million each in a fiscal year via the external commercial borrowings (ECB) route, the country's central bank said in a statement on Thursday. Overseas branches or subsidiaries of Indian banks will not be allowed to lend to start-ups via the ECB framework, the Reserve Bank of India statement (RBI) said. The RBI did not specify the maximum cost at which start-ups can raise money via ECB and said it will be mutually agreed between the borrower and the lender. Typically, the central bank specifies the maximum cost for financial institutions to raise money via ECB. About ECB According to wikipedia, an external commercial borrowing(ECB) is an instrument used in India to facilitate the access to foreign money by Indian corporat...

India’s First Electric Scooter Startup Ather Energy Raises 205 Cr From Hero Motocorp

27Oct By AdityaNo Comments

FUNDING

India’s First Electric Scooter Startup Ather Energy Raises 205 Cr From Hero Motocorp

Ather Energy, India’s first smart electric scooter startup has raised 205 Cr Series B funding from India's leading Bike Company Hero Motocorp. The startup will use this funding in engineering and production work for the S340 (Ather's first e-scooter model) and on ubiquitous charging infrastructure. The startup has already raises funding from investors like Tiger Global and Sachin and Binny Bansal. But this is the first time Ather Energy investor list includes any automobile veteran. Ather Energy in a press release said, "Hero understands where the future of vehicles is headed. And this change will be quite a rapid one which will change the landscape of this industry. One cannot sit on the side-lines. One cannot not participate. A company of their size cannot move like a start-up but ...

Omnivore Partners Invested 6.5 Cr in Tech Startup For Trucks FR8

27Oct By NitishNo Comments

FUNDING

Omnivore Partners Invested 6.5 Cr in Tech Startup For Trucks FR8

Chennai-based FR8, a platform for trucking system raises Rs 6.5 Cr from Omnivore Partners Venture fund. The fund will be used for expansion, investing in technology and talent. FR8 founded in June 2016 by Jayend ran Panneerselvam and Vasanth Immanuel, already has 2,500 trucks from 400 vendors on the marketplace. It currently books around 1,000 orders worth about Rs 2.5 crore a month. The company has enterprise and F&B clients like Philips, Asian Paints, Pepperfry, Britannia, Preethi Kitchen Appliances and Paperboat. Immanuel, FR8 Founder, who worked for seven year at Asian Paints managing supply chain, said,“We offer a four-hour commitment to our clients and manually connect orders which have not gotten matched automatically. We believe that we are very capital efficient as we...

iAugmentor Labs Invests in Gurgaon Based Volunteer4India

26Oct By AnkitaNo Comments

FUNDING

iAugmentor Labs Invests in Gurgaon Based Volunteer4India

Gurgaon, 26th Oct,2016: iAugmentor Labs, a technology-enabled learning platform, has invested in Volunteer4India, an online aggregator for brand sponsored Social causes, NGOs and student/ youth/ employee volunteers. Volunteer4India (V4I) harnesses the energy of new millennial volunteers through a technology (Web/Mobile App) enabled volunteering platform. It connects them to Corporates wishing to execute their cause marketing mandates, Colleges who wish to encourage their students to apply their academic knowledge on real-world challenges, and NGOs requiring operational and execution support for their projects & Government initiatives. Ranjoy Dey, CEO of Volunteer4India commented, "We see iAugmentor's strategic investment into Volunteer4India as a validation of the importance of e...

25Oct By PriyankaNo Comments

FUNDING

Bengaluru Based KredX Raises $6.25 Million Series A Funding

Invoice discounting marketplace, KredX has raised USD 6.25 million in Series-A round of funding led by Sequoia India. Company’s existing investor Prime Venture Partners also participated in this round and had earlier invested USD 750,000 in April of this year. The funding will be used by KredX to strengthen its technology, data and sales functions within the company. Bangalore-based KredX, Formerly known as Mandii is an online marketplace for SME lending that connects enterprises looking for financing and investors looking to earn higher short-term yields with lesser risk. Borrowers can upload payment pending invoices or post-date instruments of their customers, select from among the best bids available and receive funds. Investors can view invoices, PDIs from SMEs along with cred...

Big Basket Seeks Govt’s Approval For Rs 100 Crore FDI

25Oct By Press Trust of IndiaNo Comments

FUNDING

Big Basket Seeks Govt’s Approval For Rs 100 Crore FDI

Online grocery store Big Basket has sought government's approval to infuse Rs 100 crore foreign direct investment to further expand its business. The company, which sells fruits, vegetables and other food products online, plans to use the funds to strengthen back end infrastructure, increasing collection centers and processing units, sources said. According to a company official, foreign investment of Rs 100 crore is sought to be put in by existing investors, including an overseas venture capital fund. As per the current policy, 100 per cent foreign direct investment is allowed in trading of food products, including through e-commerce. But the proposals require approval from the Foreign Investment Promotion Board (FIPB), under the Finance Ministry. The government is making effo...

Property Consultant JLL Invests in Tech Startup Foyr.com

24Oct By NitishNo Comments

FUNDING

Property Consultant JLL Invests in Tech Startup Foyr.com

Property consultant JLL India today launched a new vertical to invest in technology start-ups in the real estate sector, making first such investment in Foyr.com. JLL did not disclose the amount invested in Foyr.com -- a technology platform for visualising real estate space. But it expects three more investments this year and 10-15 in the next 12-18 months. Foyr's technology allows developers to market their developments and also customisation of interiors on the fly. The new independent real estate technology investment vertical will see infusion in start-ups or growth-stage companies developing innovative and disruptive technology solutions specific to the real estate sector, JLL said in a statement. "The purpose of this vertical is to invest into early-stage companies - or s...

24Oct By AnkitaNo Comments

FUNDING

Food Delivery Startup Box8 Raises Rs 50 Cr Funding From IIFL, Mayfield

Food delivery start-up Box8 today said it has raised Rs 50 crore in funding from IIFL Seed Ventures Fund & Mayfield. Box8 is a full stack online food delivery player that specializes in preparing and delivering Indian food. Its diverse menu consists of over 100 dishes in all-in-1 Indian meals, biryanis, wraps, sandwiches and salads. Started by two IIT graduates, Amit Raj and Anshul Gupta, Box8 now serves 12,000 meals a day to its consumers through a network of 60 stores across three cities -- Mumbai, Pune and Bengaluru. The funds helps strengthening the supply chain eco system, building superior technology, enhancing product development and expanding to new geographies, Amit Raj said. "Our strategy of establishing ourselves in certain key markets, instead of spreading wide and ...

Softbank Looking To Invest 2000 Crores in OLA

24Oct By NitishNo Comments

FUNDING

Softbank Looking To Invest 2000 Crores in OLA

As per Economic Times report, Japan's leading telecom giant Softbank looking to invest Rs 1,700-2,000 crore in India's leading Taxi aggregator Ola. This is the first funding investment from Softbank after Nikesh Arora Exit. According to the sources, " SoftBank is looking to commit more capital but Ola wants to control dilution". Ola was valued at about $5 billion when it closed $500 million funding from China’s Didi Chuxing and Scottish investment firm Baillie Gifford in November last year. The new investment will not increase the value. So far, Ola has raised about $1.2 billion and counts Soft-Bank, New Yorkbased investment firm Tiger Global Management, Russian billionaire Yuri Milner’s DST Global and venture capital firm Matrix Partners India as its largest shareholders. Las...