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Delivery Platform Daily Ninja Raises $3 Mn

14Jun By Gauri SinghNo Comments

FUNDING

Delivery Platform Daily Ninja Raises $3 Mn

A subscription-based delivery platform Daily Ninja that delivers everyday essentials to its customers has reportedly raised funds from Bengaluru-based Saama Capital and its existing investor Sequoia Capital worth $3 million. Daily Ninja is a unique hyperlocal platform which is based on prepaid subscriptions. The service delivers products of daily needs to its customers through its mobile app. It aims to give the easiest, hassle-free ordering experience to its customers ideally suited to high quality and speedy ordering of household needs with a subscription-based model. The funds raised by Daily Ninja will be utilized in the growth and expansion purposes. It aims to build its name and fame in the households across Bengaluru and Hyderabad. It wants to grow its business by attracting a...

21May By Sheldan RungasamyNo Comments

FUNDING

Organic Juice and Beverage Maker Raises Funding from Sequoia Capital

Raw Pressery, the organic cold-pressed juice and beverage maker, has completed a funding round of $10 Mn (Rs 65 crore) from existing investors Sequoia Capital, Saama Capital and DSG Consumer products. The funds raised will serve in expanding the company’s footprint across international markets. The beverage firm is also holding talks with its family office and institutional investors to raise an additional $5 million that will be added to the sum raised in this funding round. The deal will close in coming two months. This latest funding round brings the firm’s total funds from investors to about $22.8 Mn (Rs 155 crore) not inclusive of the $5 million that is still pending. The latest funding round happened in late 2017 when Raw Pressery raised $6 million in a Series C funding from ex...

27Dec By PriyankaNo Comments

FUNDING

Lendingkart Raises Rs 25 Cr. In Debt Funding From SBI

Online money lending platform Lendingkart has recently raised Rs 25 crore debt funding from State Bank of India. In a press release, Lendingkart said that the funding is in the form of cash credit facility which will allow the company to draw the amount over separate tranches as and when required. This investment also marks the entry of public sector banks in a rush to reach out to more borrowers by backing up startups in the field. Earlier, Lendingkart got backed up by private banks- Yes Bank and Kotak Mahindra. “We feel extremely privileged to have partnered with India’s largest bank which also shares the same vision of supporting the unbanked SME (small and medium enterprise) sector,” said Harshvardhan Lunia, co-founder and chief executive officer at Lendingkart. “SBI, being...

Cold Pressed Juice Startup RAW Pressery Bags $6 Mn

24Oct By PriyankaNo Comments

FUNDING

Cold Pressed Juice Startup RAW Pressery Bags $6 Mn

Mumbai based RAW Pressery, run by Rakyan Beverages Pvt Ltd that provides cold pressed juices, has raised $6 million funding from its existing investors. The round saw participation from VC Firms- DSG Consumer Partners, Sequoia Capital and Saama Capital. The four year old startup had earlier raised $4.5 million in a Series B round from Saama Capital, DSG Consumer Partners and Sequoia Capital. RAW Pressery will be utilising its funds to boost its monthly production capacity to 5.5-6 lakh litres from 3.5 lakh litres. A small part of the proceeds will be used to ramp up the company’s cold chain logistics infrastructure and for marketing campaigns as per the source Mint. Also Recommended Apple Hit With Trademark Lawsuit Over iPhone X "Animoji" Feature The comp...

28Jun By NitishNo Comments

FUNDING

Lendingkart Raises 205 Cr in Series B

Online loan platform Lendingkart Group today said it has raised Rs 205 crore (USD 32 million) in second round of funding led by Bertelsmann India Investments. The fresh round of funding also saw participation from Darrin Capital Management and existing investors - Mayfield India, Saama Capital and India Quotient, it added. With this, the company has raised Rs 260 crore (USD 41 million) till date. "With Bertelsmann India Investments (BII) onboard, we look forward to leveraging its deep understanding of global financial products as well as Internet businesses," Lendingkart Group co-founder and CEO Harshvardhan Lunia said in a statement. Of the Rs 205 crore funding, about Rs 128 crore (USD 20 million) was raised as equity and about Rs 77 crore (USD 12 million) as debt in the second round or...