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General Atlantic leads $100 million investment in Fresha

16Jun By AnkitaNo Comments

FUNDING

General Atlantic leads $100 million investment in Fresha

NEW YORK, June 16th, 2021-- Fresha, a top beauty and wellness software platform raises $100 million Series C investment led by General Atlantic, a leading global growth equity firm, with strategic participation from Huda Kattan of HB Investments and the founder of Huda Beauty, as well as Michael Zeisser of FMZ Ventures, former Chairman Investments at Alibaba Group, and Jonathan Green of Lugard Road Capital. Fresha's existing global investors Partech, Target Global and FJ Labs also participated in the round, bringing the company's total fundraising to $132 million to date. Fresha will leverage the new funds to further broaden its global community of partner salons and spas, scale product development, deepen its marketplace bookings and pursue strategic M&A. Fresha allows cons...

Home Services Marketplace Urban Company raises $255 mn

7Jun By AdityaNo Comments

FUNDING

Home Services Marketplace Urban Company raises $255 mn

Bengaluru, 7th June 2021: Home services marketplace Urban Company raises USD 255 million in funding led by Prosus Ventures, Dragoneer, and Wellington Management. The series F round which also saw participation from Vy Capital, Tiger Global, and Steadview takes Urban Company’s valuation to USD 2.1 billion. The latest round includes a primary capital infusion of USD 188 million and a secondary sale of approximately USD 67 million by select angels and early investors, Urban Company CEO and co-founder Abhiraj Singh Bhal told Pixr8 News. He added that Urban Company has raised about USD 330 million in primary capital to date. Bhal said the funds will be used towards innovation, training, product development, enhanced quality control and safety measures for both partners and consumers. The ...

CARS24 raises USD 200 Million, Becomes Unicorn

25Nov By AdityaNo Comments

FUNDING

CARS24 raises USD 200 Million, Becomes Unicorn

New Delhi, Nov 25th, 2020: Online used car marketplace CARS24 raises USD 200 million (around Rs 1,480 crore) in its latest funding round, led by DST global. Other existing investors including Exor Seeds, Moore Strategic Ventures, and Unbound also participated in this round. The latest round of funding raises Cars24 valuation at over USD 1 billion. The funding will be used to invest aggressively in technology and product innovation and scale new business verticals, it added. The company has raised a total funding of USD 400 million till date from investors including Sequoia India and Kingsway Capital. Last year, it had also raised funds from cricketer M S Dhoni. With annual transactions exceeding 2,00,000 units and a 4X increase in website engagement, the company has already ...

Airbnb Files For IPO, Submitted Confidential Paperwork

20Aug By AdityaNo Comments

Market

Airbnb Files For IPO, Submitted Confidential Paperwork

Calif, 20th Aug 2020: US-based online rental marketplace platform Airbnb announced that it had submitted confidential paperwork with the US Securities and Exchange Commission for an initial public offering. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The IPO of Airbnb is expected to take place after the SEC completes its review process, subject to market and other conditions. In the recent news reports, Airbnb said they want to go public by the end of the year, in spite of its 40 percent decrease in valuation from $30 billion in 2017, but only at $18 billion this year. Last Month during the layoff, Airbnb Co-Founder and CEO Brian Chesky said, “Out of our 7,500 Airbnb employees, nearly 1,900 teammates will have to l...

Indiamart becomes India’s Largest B2B Marketplace, Registered 100 Million Users

2Mar By PriyankaNo Comments

News

Indiamart becomes India’s Largest B2B Marketplace, Registered 100 Million Users

Leading B2B marketplace IndiaMART has seen a 10-fold increase in its user base over the past six years to achieve 100 million registered users on the platform. "We have aimed at making IndiaMART a one-stop-shop for all the business needs and have strived for curating a platform that is simple and convenient for millions of MSMEs in India," said Chief Operating Officer Dinesh Gulati. Nearly 36 per cent of the traffic on IndiaMART comes from metro cities and the remaining 64 per cent from tier one, tier two and smaller towns. "We have tried to show the masses the digital way of doing business. Going forward, we will keep investing in our platform with the use of voice, vernacular, artificial intelligence and machine learning that will further ease out doing business in India," said ...

3Feb By NitishNo Comments

FUNDING

Neighbor.com Taps Andreessen Horowitz to Lead $10 Million Series A Funding

LEHI, Utah, 3rd feb, 2020-- Neighbor.com, the self-storage marketplace disruptor has closed a $10 million Series A funding round led by Silicon Valley venture capital firm Andreessen Horowitz. Jeff Jordan, managing partner at Andreessen Horowitz and former eBay, PayPal and OpenTable executive who currently sits on the boards of Airbnb, Instacart, Lime and Pinterest, will join the Neighbor Board of Directors. Other investors in this round include Nate Bosshard, former partner at Khosla Ventures and co-founder of Tonal, as well as Ryan Graves, Uber's first CEO. "The self-storage industry in the United States will eclipse $40 billion in revenue in 2020, capping off a decade of astronomical growth that we believe is firmly related to the burdensome costs of homeownership and the increas...

Venuelook, an online marketplace for booking venues raises pre-series A

2Apr By AdityaNo Comments

FUNDING

Venuelook, an online marketplace for booking venues raises pre-series A

New Delhi: Venuelook, an online-to-offline (O2O) platform and marketplace for venue aggregation, recommendation and booking has raised an undisclosed amount in their pre-series A funding from marquee angel investors and successful entrepreneurs like Srikant Sastri (Co-founder, Crayon Data), Shailesh Rao (Senior Advisor - TPG; McKinsey & Co; Board Member - JLL), VP Rajesh (Managing Partner - Banyan Capital Advisors LLP) and Vishal Sampat (Founder of Convonix). Venuelook’s proprietary aggregation and AI backed algorithms help identify and match customer requirements with the best venue options available, thus simplifying the venue discovery and booking process for weddi...

Facebook Marketplace has Launched New AI-Powered Features

5Oct By Gauri SinghNo Comments

Tech

Facebook Marketplace has Launched New AI-Powered Features

This year Facebook has been dealing with a lot of issues related to security and safety of users. Since then the company has been making efforts to improve its image and come back in the scenario clean and clear. Celebrating the second anniversary of its ‘Martketplace’, the social media giant has launched new Artificial Intelligence (AI)-powered features to assist its buyers and sellers complete transactions faster. Facebook Marketplace came into existence in 2016 as a place for Facebook users to buy and sell within their local communities. It has emerged to be a popular place where people around the world can discover things they love, connect with people locally, launch a business, and earn a living through Facebook. "We believe AI can fundamentally change the way people shop, and...

Online Financial Technology Marketplace Rubique Raised $3 Million

29Jun By AdityaNo Comments

FUNDING

Online Financial Technology Marketplace Rubique Raised $3 Million

Online financial technology marketplace Rubique today said it has raised USD 3 million (about Rs 19.38 crore) from its existing investors including venture capital firm Kalaari Capital. The company had last year announced that it intends to raise USD 10-15 million in a series B round. The funds will be used to strengthen technology product with data science methods and explore new product territories in insurance and mutual funds. The money has been invested by Kalaari Capital and Udayan Goyal, managing partner at Apis Partners, a financial services-oriented private equity firm, the company said in a statement. In April last year, Rubique had raised USD 3 million in series A from Kalaari Capital, YourNest Angel Fund, Globevestor and Dexter Angel Circle. "We will be leveragin...

Alibaba, SAIF Partners to Invest $200 Million in Paytm E-commerce Platform

3Mar By AnkitaNo Comments

FUNDING

Alibaba, SAIF Partners to Invest $200 Million in Paytm E-commerce Platform

Chinese e-commerce major Alibaba, along with investment firm SAIF Partners, will pump in USD 200 million in Paytm's online marketplace unit. Alibaba Singapore E-Commerce Pvt Ltd will invest USD 177 million in Paytm E-Commerce Pvt Ltd, the demerged unit of digital payments company, One 97 Communications that operates under Paytm brand. The remaining amount will come from SAIF, an early investor in One 97, according to a filing with the Registrar of Companies. Post the investment, Alibaba Singapore E-Commerce will have a shareholding of 36.31 percent, while SAIF Partners India will own 4.66 percent in Paytm E-Commerce. Paytm declined to comment on the matter. This deal is expected to pave the way for the much-awaited entry of Alibaba into India, where the Chinese firm will go head-to-h...

YellowBulbs- A Website For Startups & SMEs To Find Your Specialist

29Jan By NitishNo Comments

Story

YellowBulbs- A Website For Startups & SMEs To Find Your Specialist

“Availability, Priorities, Quality and Lack of experience” The words commonly told by the ones who possess experience working with a freelancer. In recent times, the swift expansion of a freelance market has experienced a significant increase in the number of startups providing opportunities to thousands of freelancers working after school, college or even employees working after their full time jobs. But most of these freelancers face certain challenges such as a student with negligible experience or examinations, causing delay or even working professionals with full time jobs with overloaded work are unable to complete project causing delay, quality issues and so on. The result? Something which you can barely say satisfied even after wasting countless hours and endless revision. ...

Housing.com Shuts Down, Announced Merger With PropTiger

10Jan By PriyankaNo Comments

ACQUISITION

Housing.com Shuts Down, Announced Merger With PropTiger

In a major consolidation in the online realty space, PropTiger.com and Housing.com today announced a merger to create Indias largest online real estate services company and the joint entity will raise USD 55 million of fresh investment. News Corp-backed PropTiger.com and SoftBank-backed Housing.com announced "they will come together to become India's largest online real estate services company." As part of the transaction, REA Group Ltd will invest USD 50 million in the joint entity with an affiliate of SoftBank Group Corp, investing USD 5 million. News Corp remains the largest shareholder of PropTiger, and also owns 61.6% of REA Group. Representatives of REA and SoftBank will join the board of the joint entity, which will continue to be chaired by a News Corp representative. Dhru...