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Hubilo Raises $4.5 Million From Lightspeed Ventures

28Oct By AdityaNo Comments

FUNDING

Hubilo Raises $4.5 Million From Lightspeed Ventures

SAN FRANCISCO, 28th Oct. 2020 -- Hubilo, a global virtual events platform raises $4.5 million in a seed round led by Lightspeed and backed by marquee tech angels. Starting its journey amidst the Covid crisis in April, Hubilo has grown over 32x organically and is projected to comfortably exceed $10 million in bookings run rate and host over 1 million attendees in the next few months. The $800 billion global events industry was one of the hardest hit by the Covid-19 but organizers are migrating online rapidly and also expanding their attendee base. For example, Apple’s WWDC attendance went from 6,000 developers in 2019 to several million online this year. Unlike many of its competitors that focus only on event management software, Hubilo is building a “system of record” for virtu...

10May By Sheldan RungasamyNo Comments

FUNDING

HeathCare Data Analytics Company Raises $25 Million Funding

Innovaccer, a prominent healthcare data analytics platform announced that it raised $25 million in a Series B funding round led by Westbridge Capital and the participation of Lightspeed Ventures. The Silicon Valley-based company will use the funds to keep developing and strengthening its industry-leading tool and go-to-market capabilities by improving its data platform and enhancing its machine learning, while adding to its already 200+ connectors to healthcare data systems. Innovaccer will also invest in developing a new array of programs destined to cater for patient engagement and platform capabilities for partners to access. Innovaccer Inc. is a startup that aims at incorporating data analytics in the healthcare sector. Its flagship product, called InData, ingests, normalizes ...

Home Rental Startup Fastfox Raises Rs 10 crore From Lightspeed Ventures And Others

22Feb By Sabhyata AgarwalNo Comments

FUNDING

Home Rental Startup Fastfox Raises Rs 10 crore From Lightspeed Ventures And Others

A home rental technology company FastFox has raised Rs 10 crore in Series A1 round led by Lightspeed, Blume Ventures and others. One of the co-founders of the startup Pallav Pandey also contributed Rs 1.93 crore in the current round. Founded by Pallav Pandey and Mukul Bhati in November 2014, the online-to-offline firm raised Rs 30 crore form Lightspeed India Partners, Blume Ventures, CyberAgent Ventures, GrowX Ventures, and IMJ Investment Partners in its Series A financing in April 2016. In 2015, it raised Rs 6 crore alone from Lightspeed Ventures as part of its seed funding. The startup which claims to have more than 2500 flats that are available for rent in Gurugram works by forming a partnership with offline brokers to list residential properties online for rental purposes. ...

E-commerce Platform Udaan Raises $500 Mn from Lightspeed India And More.

21Feb By Sabhyata AgarwalNo Comments

FUNDING

E-commerce Platform Udaan Raises $500 Mn from Lightspeed India And More.

The business-to-business electronic commerce platform Udaan has raised $500 million in a Series B round of funding from Lightspeed Venture Partners, Lightspeed India and DST Global founder Yuri Milner’s personal investment vehicle Apoletto. It also involved Ravi Mhatre from Lightspeed Venture Partners and Bejul Somaia from Lightspeed India also took part in the transaction. This funding is recognised to be one of the biggest funding rounds at an early stage in the Indian startup ecosystem. The company is going to use the current funding's to hire more engineers and sales executives, expand its logistics network, to add new sellers and buyers and to introduce new services. “B2B ecommerce is a big market opportunity with 500 million SMEs doing annual trade worth of $600-800 billion. In...