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Electric Scooter Maker Ather Energy Eyeing to Raise Funds for Development

27Dec By Gauri SinghNo Comments

FUNDING

Electric Scooter Maker Ather Energy Eyeing to Raise Funds for Development

Ather Energy is reportedly planning to raise an amount of Rs 200 crore - Rs 300 crore over the next year to expand to new markets and further its product development plans. Ather Energy had launched two scooters, Ather 450 and Ather 340, in June this year and had begun deliveries of Ather 450 in Bengaluru in September this year. This launch came nearly two years after it was first unveiled in February 2016. "We are looking at around 5-6 months to deliver our first production lot that will about around 2,000 vehicles" Ather Energy chief executive Tarun Mehta had stated. While both the scooters featured similar hardware at launch, Mehta had said they will be making a few hardware changes to differentiate the offerings in due course of time. Th...

11Dec By Gauri SinghNo Comments

FUNDING

London based OweMe Raises $1 Million in Seed Funding

London based OweMe which is a startup that helps companies move money efficiently through their supply chain has reportedly raised an amount of $1 million in Seed funding.This round was led by pi Ventures. The company basically increases profitability by removing supply chain costs using provenance and disintermediation for banks, large corporate buyers and suppliers. The company is planning to use the funds raised in strengthening the product and the team. OweMe is a blockchain based platform enabling provenance of money in deep supply chains. The company was co-founded in 2016 by Nishant Singh, CEO, and Nisha Singh, COO, who have expertise in the banking and fintech space. “Finance is viewed as a single entities’ issue for ages. Oper...

31Oct By Gauri SinghNo Comments

FUNDING

Financial Research Firm Sentieo Raises $19 Million in Series A Funding

Financial research platform Sentieo that is based in San Francisco and Delhi has secured funds amounting to $19 million (about Rs 140 crore) in its Series A round of equity funding. This particular funding round was led by growth equity firm Centana Growth Partners. Along with this, the three-year-old company counts a host of leading corporate executives and investment managers among its backers. The company’s existing investors also participated in this round. “We are incredibly excited to join them as they grow into a major player in the financial research technology industry, a market that is long overdue for the kind of innovation that Sentieo is providing,” Eric Byunn, partner at Centana Growth partners said. The company is planning to use the funds so raised to expand global gro...

20Oct By Gauri SinghNo Comments

FUNDING

SaaS Startup Hiver Raises $4 Million in Fresh Funding Round

Bengaluru and San Jose-based SaaS-focused startup Hiver has raised an amount of $4 million (Rs 30 crore) in a new round of funding. This particular funding round was led by venture capital firms Kalaari Capital and Kae Capital. Prior to this, the company raised $130,000 in seed funding from the Citrix Startup Accelerator and Paytm founder Vijay Shekhar Sharma in 2012. The company was earlier known as Grexlt. It later rebranded as Hiver last year. The funds from this round will be utilized by the company for product development, as well as expanding its global customer base. “With this investment, we will fuel our efforts to realise our vision of making Gmail a powerful collaboration platform that businesses can use for sales, support and their internal functions,” Niraj Ranjan Rout...

California-based Oh My Green Raised $20 million

18Oct By Gauri SinghNo Comments

FUNDING

California-based Oh My Green Raised $20 million

In a fresh funding round, California-based B2B company Oh My Green has raised $20 million. This particular funding round was led by Initialized Capital, Powerplant Ventures, Backed VC, ZhenFund, Talis Capital and the Stanford StartX Fund. With this investment, the company plans to expand throughout the U.S. and gradually launch overseas. The basic motive behind this step is to bring healthier foods to offices around the U.S. The startup offers Nashville nutritional snacks and meals to businesses in San Francisco, Los Angeles, Seattle, Chicago, Austin, Denver, Boston, New York City and Nashville. The company stocks office snack pantries which is a staple at technology startups and caters events, manages cafes and provides wellness programming. Founded in 2014 by Michael Heinrich...

Grocery Delivery Startup Instacart Secures $600 million

17Oct By Gauri SinghNo Comments

FUNDING

Grocery Delivery Startup Instacart Secures $600 million

A startup that delivers grocery called Instacart has reportedly raised funds amounting to $600 million in its latest funding round. The funds have been basically raised to fight against its rivals as it competes against players like Amazon and valuing the company at $7.6 billion. The company is based in San-Francisco-based and has been steadily growing in the last few years, helped by partnerships more than 300 retailers including Walmart, Aldi and Kroger. This latest financing round was led by investment firm D1 Capital Partners which raised Instacart's funding till date to more than $1.6 billion. The company has plans to use these funds to further expand in North America and also invest in marketing and hiring. The company said it now has about $1.2 billion in cash to spend on ...

16Oct By Gauri SinghNo Comments

FUNDING

myGate Secures $8.8 million in Series A Funding Round

Mobile-based security management solution for gated premises called myGate has secured funds amounting to Rs 65 crore (around $8.8 million) in Series A funding round. This round was led by existing investor Prime Venture Partners. The company is planning to utilize these funds to grow rapidly across 10 cities including Chennai, Mumbai and Delhi-NCR. It has not been mentioned whether any other backer took part in the funding round or not. myGate is owned and operated by Bengaluru-based Vivish Technologies Pvt. Ltd and was founded in 2016 by Vijay Arisetty, Abhishek Kumar, Vivaik Bhardwaj and Shreyans Daga. “Technology is pervasive and it was only a matter of time for the security at gated communities to be transformed using smart and intelligent solutions… We will expand the myGate t...

GoZefo Raises Rs 21 Crore from a Stage-agnostic Investment Firm

13Oct By Gauri SinghNo Comments

FUNDING

GoZefo Raises Rs 21 Crore from a Stage-agnostic Investment Firm

Online marketplace for second-hand goods GoZefo has reportedly raised an amount of around Rs 21 crore (close to $3 million) in a fresh round of funding. The particular funding round was led by stage-agnostic investment firm FJ Labs. FJ Labs is a New York-based company co-founded by Fabrice Grinda who is one of the founders of online classifieds firm OLX. The company has put in around Rs 10 crore in this financing round. The other existing backers that participated in this round include Sequoia Capital and Helion Venture Partners. “The OLX co-founder is a very relevant investor for us. It was more of a chance to get him on board. It is strategic capital for us,” GoZefo co-founder Rohit Ramasubramanian said. Prior to this, FJ Labs has invested in a number of companies including Chine...

AI-Powered Matchmaking Company Betterhalf Raised $500,000

12Oct By Gauri SinghNo Comments

FUNDING

AI-Powered Matchmaking Company Betterhalf Raised $500,000

An artificial intelligence-powered matchmaking platform called Betterhalf.ai has reportedly secured funds amounting to $500,000 (around Rs 3.7 crore) from angel investors including former Google India managing director Shailesh Rao and Flipkart’s former investment director Vinay Subramanian. Along with these, the other backers that participated in the round included early-stage investor FirstPenguin Capital’s Rehan A Khan and senior executives from Google, Uber and Amazon. The company is planning to use these fresh funds in the further enhancing of its AI capabilities while continuing to invest in technology and talent. With this funding round, the company so far has raised about $750,000. It competes with other players in the market such as Tinder and Woo. Betterhalf was found...

Online Printing Startup Gogoprint Raises $7.7 million

11Oct By Gauri SinghNo Comments

FUNDING

Online Printing Startup Gogoprint Raises $7.7 million

Bangkok-based online printing startup Gogoprint has reportedly secured funds amounting to $7.7 million in Series A funding round. The round has been led by existing backer OPG (Online Printing Group), an investment firm from Kai Hagenbuch. With these funds, the company is planning to expand its business in Asia Pacific. It is looking to go beyond Southeast Asia and enter Australia, New Zealand, South Korea and other markets over the coming 12 months. Gogoprint claims to have been associated with around 45,000 companies as of now. The company’s major services include printed business cards, flyers, booklets, posters and more, in addition to marketing collateral such as promotional pens, other stationary and flash drives. Gogoprint is aiming to upend the industry in Southeast Asia w...

Berkeley-based Foodtech Startup Raises $20 million for Expansion

10Oct By Gauri SinghNo Comments

FUNDING

Berkeley-based Foodtech Startup Raises $20 million for Expansion

Berkeley-based startup Once Upon a Farm has reportedly raised funds amounting to $20 million in Series B financing round. The funding round was led by CAVU Venture Partners. The company plans to use the funds to expand its direct to consumer business, partner with more U.S. grocers and build out a wider assortment of baby products. Following the deal, CAVU’s co-founder and managing partner Brett Thomas, along with CAVU investor Jared Jacobs, will join the company’s board. Founded in 2015, the startup sells organic, cold-pressed baby food in 8,500 grocery stores in the U.S. It was founded by serial entrepreneurs Cassandra Curtis and Ari Raz. The company also mentions actress Jennifer Garner and former General Mills president John Foraker as its co-founders. Foraker had been an a...

AI Firm Machinify Raises $10 Million in Series A Round

9Oct By Gauri SinghNo Comments

FUNDING

AI Firm Machinify Raises $10 Million in Series A Round

Artificial intelligence company Machinify has reportedly raised funds amounting to $10 million in Series A funding round. The round was led by Battery Ventures with participation from GV and Matrix Partners. Through Machinify, the companies feed the system raw data, specify what they’re trying to optimize for. Based on past decisions, the machine can figure out the right thing to do. “Our core notion is that today, enterprises are collecting a ton of data,” Machinify founder and CEO Prasanna Ganesan stated. “But if you look at how many of them are successful in turning it into smarter decision-making to drive efficiency, very few companies are succeeding.” Machinify is laser-focused on the critical operational issues created by the deployment of what we often call Software 2.0 within ...