Nexus Venture Partners

12Jun By PriyankaNo Comments

FUNDING

California based JIFFY.ai raises $18mn led by Nexus Venture Partners

Palo Alto, Calif, Jun 12 2020: Enterprise automation platform JIFFY.ai raises USD 18 million (around Rs 136 crore) in Series A round funding led by Nexus Venture Partners. The funding round also saw participation from Rebright Partners, W250 Venture Fund (founded by alumni of the Stanford Executive Program), and corporate leaders led by Sri Viswanath, Richard Galanti, Charles Goldman, Tony Thomas, Jim Brady, and Bob Ward, a statement said. "Our goal is to set a new standard for business at the intersection of entrepreneurship and innovation. Across our entire team, we''re dedicated to tackling the effects of automation on the workforce, not just by accelerating the path to profit for businesses, but also through our foundation arm, we''ll invest in programmes to re-train and up-skil...

Healthcare Start-Up LifCare Raises $11 million

24Jul By AnkitaNo Comments

FUNDING

Healthcare Start-Up LifCare Raises $11 million

LifCare which is a Healthcare start-up has raised $11 million in its Series B led by Saif Partners & Nexus Venture Partners. Till now the startup has delivered only medicines meant for chronic illnesses to customers who take these medicines on a regular basis, with its infused capital, it will now look to expand further in Northern and central states of the country. The company now aims to become a one-stop place for chronic patients and raise awareness regarding the necessity of taking medicines to stay fit. LifCare was launched in September 2015 by Killa, a former associate at Bain Capital, Rohit Mohta, a former executive of pharma company Cipla and Deepesh, a former executive of Wipro Ltd. The company currently employs around 500 people and will look to expand the team further...

Online Travel Company Headout Raises $10 Million

13Jul By Gauri SinghNo Comments

FUNDING

Online Travel Company Headout Raises $10 Million

Headout, a last-minute mobile marketplace has reportedly secured an amount of $10 million in a Series A funding round. The particular funding round was led by the existing investors Nexus Venture Partners and Version One Ventures. After this round, the total funding amount of the company has reached $12 million so far. The company is planning to utilize these funds for the purpose of geographical and technical expansion. The aim is to reach 100 cities across North America, Europe, and Asia Pacific by the next 18 months and enhance the technology and business teams, along with bringing in new verticals. "Until this year, Headout was available to users only in English but the company has now launched services in French, German and Spanish in select markets and is on course to have all...

Educational Tech Startup Raises INR 3.84 Crore From Sequoia Capital

7May By Sheldan RungasamyNo Comments

FUNDING

Educational Tech Startup Raises INR 3.84 Crore From Sequoia Capital

Unacademy, an edtech startup raised INR 3.84 crore funding from existing investors – Sequoia Capital, Saif Partners, Nexus Venture Partners and Blume Ventures in a Series B equity round. Its parent company, Sorting Hat Technologies Private Limited allotted 400 Series B1 preference shares of Rs 100/- each and a premium of Rs 96,127.10/- per share. Previously, Unacademy raised an INR 75 crores Series B round in September 2017 led by Sequoia Capital and Saif Partners along with the participation of several other investors, notably, Nexus Venture Partners and Blume Ventures. Unacademy was founded by Gaurav Munjal, who is now CEO of Flatchat, Roman Saini, Hemesh Singh and Sachin Gupta. Initially, the edtech startup operated as a YouTube channel but its popularity propelled the platform...

5Mar By PriyankaNo Comments

FUNDING

LiveHealth Raises $1.1 Million Funding

Pune based healthcare platform LiveHealth raises $1.1 Million funding from Nexus Venture Partners. The funding will use to expand and promote the platform across India and also explore the international market. The Saas based platform keeps the record online from diagnostic laboratories and make it available to its users and doctors. It has now 72 million records of laboratories. Founded by Abhimanyu Bhosale and Mukund Malani, Livehealth tie-up with 650+ diagnostic centers across India and also in South Africa. Livehealth automated operations manages patients data, financial transactions, automation between medical instruments, and inventory. The founder of Livehealth, Abhimanyu Bhosale said his team focus is on the tech gap in healthcare, and enable seamless interaction among ...

Snapdeal 2.0 Gets Backing From Nexus Venture

3Aug By RishabhNo Comments

FUNDING

Snapdeal 2.0 Gets Backing From Nexus Venture

Nexus Venture Partners, an early investor in Snapdeal, has come out in support of the e- commerce firm’s decision to pursue “Snapdeal 2.0” instead of accepting rival Flipkart’s $900-950 million acquisition offer. Nexus Venture Partners is the second investor to come out in support of Snapdeal’s decision, after Kenneth Glass (an early investor in Snapdeal). Earlier this week, Snapdeal had announced that it was terminating all strategic discussions to pursue a new plan of operations that it calls “Snapdeal 2.0”. Nexus Venture Partners also has a seat on Snapdeal’s board that has representation from SoftBank (2 seats), Kalaari Capital and the two founders—Kunal Bahl and Rohit Bansal. After the announcement by Snapdeal, there were reports that the decision h...

Jumbotail, an Online Marketplace For Food and Grocery Raises $8.5 Million

6Jul By PriyankaNo Comments

FUNDING

Jumbotail, an Online Marketplace For Food and Grocery Raises $8.5 Million

Jumbotail, an online marketplace for food and grocery, today said it has raised USD 8.5 million (over Rs 55 crore) from Kalaari Capital and existing investor, Nexus Venture Partners. The company plans to utilise the funds for strengthening its technology platform and enhancing operational capabilities, Jumbotail said in a statement. Jumbotail will also expand its team, but details of the same were not disclosed. Founded in November 2015, Jumbotail serves thousands of wholesale customers such as kirana stores and HORECA (hotel/restaurant/cafe) businesses in Bengaluru. The Bengaluru-headquartered firm has previously received a funding of USD 2 million from NVP. Jumbotail provides services including storefront delivery and payments collection for its sellers as well as working ...

13May By PriyankaNo Comments

FUNDING

Online Hotels Aggregator Startup Stayzilla Raises $13 Million Funding

As per the mint report, Stayzilla has raised $13 million Series C funding from existing investors Matrix Partners and Nexus Ventures, according to documents filed with the Registrar of Companies. In report the funding round of online aggregator of budget hotels split into three tranches of $8.8 million (Rs.58.5 crore), $1.9 million (Rs.13 crore) and $2.4 million (Rs.16.3 crore), between November 2015 and March 2016. About Stayzilla - Stayzilla was founded by Yogendra Vasupal, Sachit Singhi and Rupal Yogendra. The company which started off by offering travelers stay options in budget hotels, last year forayed into home stays, connecting travellers with homeowners with spare accommodation in their houses. Earlier, Stayzilla raised close to $20 million from Nexus Venture Partners...

Snapdeal Acquires Customer Personalisation Firm TargetingMantra

6May By AnkitaNo Comments

ACQUISITION

Snapdeal Acquires Customer Personalisation Firm TargetingMantra

Snapdeal today said it has acquired TargetingMantra, a move that will help the ecommerce major enhance personalisation of shopping experience of customers. The acquisition amount was not disclosed by Snapdeal. TargetingMantra specialises in the field management of customer life cycle through personalisation, targeting and big data analytics. Founded by former Amazon executive Saurabh Nangia and management consultant Rahul Singh in March 2013, TargetingMantra has offices in Palo Alto and Gurgaon. Its solutions help increase conversion rates through intuitive product discovery, recommendations and channel selection. "At Snapdeal, TargetingMantra's team will further the on-going initiative to build the customer experience engine, which will personalise shopping experiences for...