Wednesday, November 6

Tag: Mech Mocha

Top Five Funding of the Week (19th Nov – 24th Nov)
FUNDING

Top Five Funding of the Week (19th Nov – 24th Nov)

Funding is the act of providing financial resources, usually in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or company. Funding is a major part of a business and here we have come up with the top five funding activities of the last week that started from 19th November and lasted till 24th November.     1) Geek+ Beijing-based robotics startup Geek Plus (Geek+) has reportedly secured funds amounting to $150 million in Series B funding round. The particular round was led by Warburg Pincus, with participation from other shareholders including Volcanics Venture and Vertex Ventures. With these funds, the company is planning to seize that growing opportunity by investing in product devel...
Gaming Startup Mech Mocha Raises $10 million in Series B Round
FUNDING

Gaming Startup Mech Mocha Raises $10 million in Series B Round

A mobile gaming startup known as Mech Mocha Game Studios which is based in Bengaluru has raised a sum of $10 million (Rs 71 crore) as a part of its ongoing Series B funding round. With this, the company is expecting to raise around $5-6 million for the first close from new and existing investors, Arpita Kapoor. She is the co-founder and chief executive of the venture. “We will be closing the targeted sum soon,” Arpita Kapoor said. South Korea-based Neoplux, the private equity and venture capital arm of Doosan Corp, and Akatsuki, the investment arm of Japanese mobile gaming company are the new investors in this round. Along with this, Accel Partners, Shunwei Capital and Blume Ventures will also participate in the funding round. The company is planning to use these funds to de...