funding | Pixr8 News

29Sep By AnkitaNo Comments

FUNDING

CloudCherry Receives $6M in Series A Funding from Vertex Ventures, Cisco Investments & IDG Ventures India

Customer Analytics Technologies Inc., owner of SaaS-based Customer Experience Management platform CloudCherry announced today that it has raised their Series A Funding of $6M from Vertex Ventures, Cisco Investments and IDG Ventures India. This capital infusion will be used for CloudCherry’s global expansion, with a strong focus on the US, South East Asia and the Middle East. CloudCherry’s CEM platform is enjoying tremendous success in Asia already, with many leading brands using the platform to understand Customer Experience today. The product is also seeing exciting early wins in the North American markets and is set to welcome many more soon. CloudCherry was founded by Vinod Muthukrishnan, Vijay R Lakshmanan, Prem K Viswanath and Nagendra CL, with the support of angels Prof. Sriram Su...

26Sep By PriyankaNo Comments

FUNDING

Bengaluru Based Startup CropIn Technology Solutions Raises $2 Million Funding

Cropin Technology Solutions, a Bangalore-based startup has formally declared its investment deal with Sophia Investment ApS, Denmark. This series A investment of $2 million, upswings the scalability of the company and provides it a sizeable balance required to increase its operation on the technical front and market expansion. The deal is a shot in the arm for CropIn Technology considering the avenues available in the agricultural sector and the CAGR of farm management software industry (ICT) growing at a pace of over 17% in India. "A robust growth chart, faith of our existing investors and continued traction in the agri business space for penetration made it ideal for us to raise this investment with an intent of expanding our belief of serving 20 million farmers by 2020. CropIn uses d...

22Sep By AnkitaNo Comments

FUNDING

Bengaluru Based App Development Startup Hashtaag Raises $1Million Funding

Hashtaag, a bengaluru based firm which builds native mobile apps and products, today announced it has secured USD 1 million in angel funding. The funding would enable the firm to hire better talent, build better products and expand operations further in India and globally, Krishna Vemula, Chairman and Co-Founder of Hashtaag, said. "We intend to make rapid inroads in the design-led app engineering space, and with this additional funding impetus we can continue to focus on delivering the best products to meet our client's needs with our fundamentally unique business model and value propositions," he said. The firm aims to reach 100 plus employees by the end of 2016 in India and has already set up additional offices in Chennai and Mumbai and plans to expand g...

Smartphone Repair Platform JustLikeNew Raises USD 500K From Angel Investors

21Sep By NitishNo Comments

FUNDING

Smartphone Repair Platform JustLikeNew Raises USD 500K From Angel Investors

Smartphone repair e-commerce platform JustLikeNew.In today said it has raised funds worth USD 500,000 (about Rs 3.3 crore) through LetsVenture, from angel investors Mindtree executive chairman Krishnakumar Natarajan and former Oracle India MD, Sandeep Mathur. Existing investors Aneesh Reddy and Vikas Tandon have also reinvested in the company, it said in a statement here. The start-up is productizing over 10,000 smartphone repair services on its platform. Incepted in mid-2014 and formally launched next year, the start-up currently provides free pickup and drop services for smartphones and tablets with a service turnaround time of 48 hours, bringing high-quality repair at customers' doorstep. JustLikeNew.In has also established a dominant presence in the B2B segment through partner...

20Sep By reutersNo Comments

FUNDING

Ride-hailing App Grab Raises $750M in Funding Led By SoftBank

Southeast Asian ride-hailing firm Grab said it raised $750 million in a funding round led by investor SoftBank Group, helping it build a warchest to solidify its leading position in the region and head off competition from Uber. Southeast Asia is fast becoming a key battleground for ride-hailing firms thanks to a burgeoning middle class as well as a youthful, Internet-savvy demographic. Grab's announcement comes a few weeks after Uber sold its China operations to bigger domestic rival Didi, an existing Grab investor, and analysts have said Uber may focus its efforts and money elsewhere, such as in Southeast Asia. The company is now valued at over $3 billion, a source familiar with the matter said. Its total capital position had increased to over $1 billion, the company said in a s...

19Sep By reutersNo Comments

FUNDING

Silicon Valley Based 3D Printing Startup Carbon Raises $81M in Funding

Carbon, a Silicon Valley startup that is developing 3D printers to produce medical devices and car parts on demand, said on Thursday it had closed on $81 million in funding that brought the total it has raised to $222 million. "We wanted to go find investors that share the scope of our vision and realize what we are talking about here is industrial re-invention," Kirk Phelps, Carbon vice president of product management, told Reuters at the company's headquarters in Redwood City, California. Founded in 2013, Carbon said the funding round was led by automaker BMW Group, industrial conglomerate General Electric, optics and imaging products company Nikon and chemical manufacturer JSR. They joined earlier investors Google Ventures and top tech venture capital firm Sequoia. "The...

Testing Firm Applause Raises $35 Million in Series F

15Sep By NitishNo Comments

FUNDING

Testing Firm Applause Raises $35 Million in Series F

Applause, the in-the-wild digital testing leader, announced it has raised $35 Million in a Series F financing round. The largest new investor in this financing round was Credit Suisse, and the round also included an investment by strategic partner, Accenture. The funding will increase the company’s investment in its strategy as the go-to source for improving customers’ digital experiences. This round brings Applause’s total funding-to-date to more than $115 Million. As the company formally launches its expanded Digital Experience solutions in the coming months, this funding enables Applause to: Further expand its in-the-wild digital testing services. The company will invest heavily in its real-world testing services that enable omni-channel testing – from web to mobile to IoT to bric...

Google’s Rajan Anandan Backs Education Start-up Stoodnt.com

13Sep By NitishNo Comments

FUNDING

Google’s Rajan Anandan Backs Education Start-up Stoodnt.com

Palo Alto-based education start-up Stoodnt – which helps students aspiring to study abroad by connecting them with high-quality college admission counsellors, and providing guidance, insights and online tools – has raised an undisclosed amount in funding from Rajan Anandan, Vice-President, Google, South-East Asia and India. Anandan has emerged as the most prolific angel investor in India. He primarily invests in early-stage technology companies in sectors like the internet, mobile and software. The funds will be used to enhance the user experience, for product development and to expand the user and brand base. Launched in 2016 by Harvard Business School Alumni, Ajay Singh and Yuri Punj, and software entrepreneur Sena Palanisami, Stoodnt recently started operations in India, its fi...

Digital Education Platform TopRankers Raises Rs. 4.5 Crore

10Sep By PriyankaNo Comments

FUNDING

Digital Education Platform TopRankers Raises Rs. 4.5 Crore

Digital Education platform TopRankers announced raising Rs. 4.5 crore funding from Careernet Consulting and Ideation Initiative Pvt. Ltd. The company plans to utilize the capital to upgrade its services by investing in innovative technology, and also expand its geographical presence in India. TopRankers is a Bengaluru-based online test preparation portal that enables students to prepare for competitive exams through an innovative platform. It offers comprehensive study materials, and elaborate tests for practice, which are carefully divided in to various chapters and topics. These can help students who are appearing for competitive exams to work on their weak areas and practice accordingly. Founded in 2014, the dynamic venture currently has offices in Bhopaland Delhiapart from Bengal...

9Sep By NitishNo Comments

FUNDING

18 Year Old Raises 1 Cr Funding For His Health Tech Startup Cureinstant

Age is just a number and sometimes people like Hamraj Kumar proves this true. This 18 year old boy has not only thought to change something big in healthcare sector but is also working hard towards making it a reality. Every one of us is afraid to do something early in our life because of the fear to fail due to inexperience. Hamraj has proved all of this wrong and is firmly moving towards his goal. He started a company named Cureinstant to make our life better. The inception of the idea was based on a mere fact that when in this social world everything around us is social then why not our health. We humans have been bestowed upon by the almighty a great sense of responsibility. People like Hamraj makes it more firm. There are problems in everyone’s life but the biggest problem of ...

9Sep By NitishNo Comments

FUNDING

Taiwan’s Foxconn Invests in Chinese Ride-Hailing Startup Didi Chuxing

Taiwan's Foxconn has invested $119.9 million in Chinese ride-hailing firm Didi Chuxing via one of its subsidiaries, the world's largest electronics manufacturer said on Thursday, in a deal that could value the start-up at about $33.7 billion. With the addition of Foxconn, Didi's roster of investors is increasingly a who's who of global tech giants, including the likes of Apple Inc, Uber Technologies Inc and Chinese firms Tencent Holdings Ltd, Alibaba Group Ltd and Baidu Inc. The deal was made public in a stock exchange filing by Hon Hai Precision Industry Co Ltd, the trading name of Foxconn. In the statement, Foxconn said its subsidiary Foxteq Holdings Inc would own 0.355 percent of Didi, one of China's highest-valued start-ups. The transaction gives Didi a valuation of $33.7 bill...

6Sep By AnkitaNo Comments

FUNDING

Lenskart Raises Funding From Wipro’s Investment Firm Premji Invest

Three months after its Rs 400-crore funding, Lenskart has raised an undisclosed amount from Premji Invest, the investment office of Wipro chief Azim Premji. The move will help the online eyewear retailer gain from Premji Invests extensive experience across retail brands, Lenskart CEO and Founder Peyush Bansal said. "It will also help us in our road map go public in the next 4-5 years," he added. Bansal said Premji has a lot of experience on the retail front investing in companies like FabIndia that Lenskart is looking to tap into. Previously, the Ratan Tata-backed company has raised about Rs 714 crore from investors like IFC (venture capital arm of the World Bank), TPG Growth, IDG Ventures, Unilazer Ventures and Adveq. "With this collaboration, the company will be ...