Tuesday, May 21

Tag: Gurugram

GoWork in Talks With Investors To Raise $200 mn Funding
FUNDING

GoWork in Talks With Investors To Raise $200 mn Funding

Gurugram, August 9, 2018: GoWork, the world’s largest collaborative co-working ecosystem, recently announced its plans to raise $200mn from PE investors during its next funding. GoWork is a thriving ecosystem for entrepreneurship and aims to utilize the funds acquired to realize its massive expansion plans, which includes launching at least 50 campuses across the country in the next 5 years. The expansion will start from top metro cities such as prime regions of Delhi, Mumbai, and Bangalore following a Joint Venture model with big brands and corporates to revamp their existing office spaces, making them more comfortable through a co-working vibe. GoWork, which has already established itself as a pioneer in India’s emerging co-working space has registered an M-o-M growth rate of 37%. ...
FoodTech Company ‘Biryani By Kilo’ Raises $1 Million
FUNDING

FoodTech Company ‘Biryani By Kilo’ Raises $1 Million

A Gurugram-based foodtech company called ‘Biryani By Kilo’ has reportedly secured funds amounting to $1 million in a pre-series A funding round. The investment was carried forward by a clutch of investors led by Ajay Relan (Founder Chairman at CX Partners) and Vinay Mittal (Chief Financial Strategist at HT Media). The purpose of the startup is basically to use the funds raised in boosting up the operations and developing over 20 more stores all over the country. Apart from this, the company also aims to achieve a sales run rate of more than Rs 40 crore by March 2019. The current revenue of the company is nearly Rs 24 crore along with a 70-80 precent growth rate. The company also stated, “BBK would be raising Series-A round early 2019 to take BBK pan India, and become Rs 100 crore+ in t...
Lifestyle Media Platform Raises Funding From Television Actor Ranvijay Singh Singha
FUNDING

Lifestyle Media Platform Raises Funding From Television Actor Ranvijay Singh Singha

Digital Media platform What's Up Life has raised fresh funding from actor and television personality Ranvijay Singh Singha, who will now also be the brand ambassador for the organisation. Based in Gurugram, What's Up Life was founded in 2014 by Gaurav H Luthra. The platform is involved in content development for editorials, social media pages, calendar keeping users abreast of the latest happenings and events across categories. Confirming on the investment, Ranvijay Singh said,“I liked the platform and the way ‘What’s Up Life’ is reaching out to people with their engaging content and events.” While, sharing the good news Gaurav H Luthra, discussed how the organisation is looking for expansion planning to operate in Mumbai, Bengaluru, Pune, Chandigarh and Jaipur in the next six mon...
Yatra to Raise $100 Mn Over 3 Year Period
FUNDING

Yatra to Raise $100 Mn Over 3 Year Period

Yatra, the online major travel company is set to gradually raise $100 Mn of funding over the next three years, as recent regulatory filings with the US Securities and Exchange Commission (SEC) reveal. The filings state, “Under this shelf registration process, we may offer ordinary shares, preference shares, various series of debt securities or even warrants to purchase ordinary shares, preference shares and debt securities, either individually or in units, in one or more offerings, up to a total dollar amount of $100 Mn.” According to the company’s group chief financial officer Alok Vaish explained that the company “don’t have immediate need of funds. We can raise money at any point of time over the next three-year kind of time frame. There is no specific description of offering righ...
Passport Police Verification becomes paperless in Gurugram
INDIA

Passport Police Verification becomes paperless in Gurugram

Coming as a big relief to passport applicants, Gurugram Police on Monday announced Android-based tablets and mobile application to carry out police verification reducing the time and hassle that goes into the process. Now, cops will conduct on-spot verification using tablets given to them and upload the report on the Union external affairs ministry. Police Commissioner Sandeep Khirwar said, With the introduction of mPassport app and smartphones, the passport verification process will henceforth be paperless. He informed that the process will ease the burden on police and will help in fast-track insurance as well as the renewal of passports. Some police stations in the city will get an additional two to three tabs, depending on the number of passport applications they receive. Po...
Hungry Foal Raises Funding From GAIL India’s Startup Initiative ‘Pankh’
FUNDING

Hungry Foal Raises Funding From GAIL India’s Startup Initiative ‘Pankh’

[dropcap]G[/dropcap]urugram based nutrition enriched food manufacturing startup Hungry Foal has secured a Pre-Series A funding from GAIL (India) Ltd  under GAIL’s startup initiative ‘Pankh’. The agreements were exchanged at ‘Startup Sangam’ - an event organized by Ministry of Petroleum and Natural Gas in the presence of Shri Dharmendar Pradhan, Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship, Govt of India at The Taj Mahal Hotel, New Delhi, INDIA. The funds will be used for market expansion, technology and production ramp up, the company told in a press statement. JV Foodworks Pvt Ltd owned Hungry Foal was started 15 months ago, developed its products in technical collaborations with the scientists at SINED - TBI, NDRI, Karnal. Also ...
Online Travel Portal IXIGO Raises $10 Million Funding From Sequoia Capital India
FUNDING

Online Travel Portal IXIGO Raises $10 Million Funding From Sequoia Capital India

Ixigo, a Gurugram-based online search marketplace portal has raised $10 million funding from Sequoia Capital India. Started in 2007, Ixigo started operation in flights, hotels, trips, trains, buses and cabs booking, where users can choose best options across multiple service providers. It has a separate mobile application for all of them. Ixigo is backed by Indian investors lyk India's largest online travel agency (OTA) MakeMyTrip and smartphone maker Micromax, besides venture capital firm SAIF Partners. In August 2011, SAIF Partners and Make MyTrip picked up 76.6% in ixigo for $18.5 million, valuing the company at about $25 million. SAIF bought 56.7% while MakeMyTrip picked up 19.9% then. In June 2015, Micromax picked up a stake in the company by investing about $4 million. The i...