Sunday, May 26

Tag: Saas

Swoop raises $3.2 Million in Funding
FUNDING

Swoop raises $3.2 Million in Funding

Los Angeles based mobility tech company Swoop raises $3.2 million in seed funding led by Signia Venture Partners, South Park Commons, and a handful of angel investors to build a tech solution for group mobility owners. Alongside Signia Ventures, a number of high profile investors participated in the financing, including South Park Commons led by their two Managing Partners, Ruchi Sanghvi and Aditya Agarwal, the former CTO of Dropbox, etc. The fragmented industry of vehicle owners will now be able to effortlessly book, dispatch, track and manage all their rides through Swoop's SaaS tool. With more than 100,000 passengers on board, the Swoop team has gained outstanding domain expertise and is on the best path to take the $40B group transportation industry to the next stage and we a...
Intel Acquires Moovit for $900 Million
ACQUISITION

Intel Acquires Moovit for $900 Million

SANTA CLARA, Calif., May 4, 2020 – Intel Corporation has acquired Moovit, a mobility-as-a-service (MaaS) solutions company, for approximately $900 million ($840 million net of Intel Capital equity gain). Moovit is known for its urban mobility application that offers travelers around the world the best multimodal trip planning by combining public transportation, bicycle and scooter services, ride-hailing, and car-sharing. The addition of Moovit brings Intel’s Mobileye closer to achieving its plan to become a complete mobility provider, including robotaxi services, which is forecast to be an estimated $160 billion opportunity by 2030. “Intel’s purpose is to create world-changing technology that enriches the lives of every person on Earth, and our Mobileye team delivers on that pu...
Recko Raises USD 6 Million in Series A funding
FUNDING

Recko Raises USD 6 Million in Series A funding

Recko, a Bengaluru-based enterprise fintech startup that enables AI-powered reconciliation of digital transactions has raised USD six million in Series A funding. The investment was led by Vertex Ventures SEA and India, and saw participation from existing investor Prime Venture Partners. The fresh funding will be used for further product development, hiring and expanding its presence outside India, Recko said in a statement. Since it was founded in 2017, Recko has reconciled transactions worth USD five billion, it said. The startup has built a SaaS-based financial reconciliation product that, it said, keeps track of the complete transaction lifecycle and commercial contracts for organisations. Its customers include Grofers, Meesho, Dunzo and some of India's top marketplaces ac...
Samya.AI Raises $6M in Seed Funding led by Sequoia India
FUNDING

Samya.AI Raises $6M in Seed Funding led by Sequoia India

CHICAGO, Jan. 22, 2020-- Samya.AI, an enterprise Revenue Growth AI SaaS company has raised $6 million in seed round funding led by Sequoia India. Samya's other initial investors include Ashish Gupta (Founder of Junglee.com and Helion VC), Deb Henretta (Partner, G100 Companies and Ex-Group President, P&G), Arijit Sengupta (Founder of Kradle Ventures and Antuit Inc), Deborah Kops (Ex COO and Board Member of Antuit Inc and Ex CMO of WNS) and Sandeep Sugla (Founder of Marketsandmarkets Inc). Samya.AI has been founded by Shailendra Singh, Deepinder Dhingra and Pavan Palety, experienced leaders who have previously held leadership positions at organizations including IBM, Noodle.ai, Mu Sigma and MarketsandMarkets. Shelly Singh and Deepinder Dhingra have been instrumental in scaling Mu ...
Reliance Acquire 85% Stakes of NowFloats
ACQUISITION

Reliance Acquire 85% Stakes of NowFloats

Reliance Industry said its subsidiary has picked up 85 per cent stake in NowFloats Technologies for a cash consideration of Rs 141.63 crore. The stake purchase is aimed at strengthening the group's digital and new commerce initiatives. "Reliance Strategic Business Ventures Ltd (RSBVL), a wholly-owned subsidiary of RIL, has acquired equity shares of NowFloats Technologies for a cash consideration of Rs 141,63,78,822. The said investment represents 85 per cent holding in the equity share capital of NowFloats," RIL said in a BSE filing. RSBVL proposes to make a further investment of up to Rs 75 crore, subject to achieving agreed milestones, and is expected to be completed by December 2020, it added. Post the additional investment, the shareholding of RSBVL in NowFloats will incre...
SaaS Startup Unearth raises $7 Million in Series A funding
FUNDING

SaaS Startup Unearth raises $7 Million in Series A funding

SEATTLE, SEPTEMBER 16th 2019-- Unearth Technologies proudly announces a $7 million Series A investment led by Vulcan Capital, with participation from Madrona Venture Group. This latest round brings the total funding raised by the company to $11.6 Million. Founded in late 2016, Unearth initially focused on improving productivity in construction with place-based data management. Their success as a construction software company quickly led to an expanding customer base amongst the broader built world industry, including major players in the utilities, government, infrastructure, and energy sectors. Through strong customer partnerships, the company discovered what the built world really needed: an easier way for entire teams to use GIS data for building, inspecting, and maintaining ...
MindTickle Raises $40 Million in Series C Funding
FUNDING

MindTickle Raises $40 Million in Series C Funding

SAN FRANCISCO-- MindTickle, a leading Sas platform has secured $40 million in Series C funding. New investor Norwest Venture Partners led the round with participation from all existing investors including Accel Partners, Canaan, NewView Capital, a spinout of New Enterprise Associates, and Qualcomm Ventures LLC. In addition, Scott Beechuk, partner at Norwest Venture Partners and former Senior Vice President of Product Management at Salesforce Service Cloud will join MindTickle's Board of Directors. This round brings MindTickle's total raised to more than $81 million. Speaking on the development, Krishna Depura, co-founder and CEO of MindTickle said, "Sales and service organizations are facing a perfect storm on many fronts and company representatives that are not equi...
France based Saas Startup Payfit Raises $79 million
FUNDING

France based Saas Startup Payfit Raises $79 million

French startup Payfit raises $79 million funding from Eurazeo and Bpifrance. The funding will use to double its workforce by 2020. Founded in 2016 by Firmin Zocchetto (CEO), Ghislain de Fontenay (CTO) and Florian Fournier (CPO), PayFit raises $5.6 million from Xavier Niel and The Family in 2016 and $15.7 million from Accel in 2017. After today's round, the total funds will be more than $100 million. PayFit a software-as-a-service-based platform automates everything from RTI submissions and employee payslips to leaves and expenses. The company allows small and medium enterprises to easily and quickly pay their employees. The company now provides full-fledged HR solutions to 3000 clients based in multiple European countries. Hire around 300 people, Payfit developed it...
SaaS Startup Verloop Raises $3 Million  in Series A Funding
FUNDING

SaaS Startup Verloop Raises $3 Million in Series A Funding

SaaS customer engagement automation provider Verloop has raised $3 million in Series A funding round led by IDFC Parampara Fund. The other investors who participated in the round include Kris Gopalakrishnan - Infosys Co-founder and Dr Ranjan Pai - Chairman of the Manipal Education and Medical Group (MEMG). The Y-Combinator startup said that the fresh funds will be utilized to enhance the Verloop customer engagement platform as the company expands its team and scale operations. The startup’s customer portfolio includes Nykaa, Qtrove, Pipa Bella, Portea, Apollo Munich Health Insurance and Aadhaar Bridge. Further, it has also been used in Indian entertainment including Rajinikanth for his movie Kaala, other mainstream and niche celebrities, publication houses and entertainment magazines...
How Avenue Growth is Creating Employment Opportunities in India?
Story

How Avenue Growth is Creating Employment Opportunities in India?

Whenever any venture takes its course of action, a medium of employment is created. And in a country like India where the population is soaring high, every opportunity is a ladder of success. And to strengthen the roots of sales platform in India, Avenue Growth brings in a concept of overall growth and opportunity to all rotatory platform. Being India’s largest Sales-as-a-Service platform, avenue growth is founded by a pair of marketing professionals with the vision of providing on-ground sales force solution to companies, which enables them to grow and explore new markets with a cost-effective approach. Many of us heard that how people overseas are extracting out their maximum sales by investing in sales outsourcing companies. To bring the same advantage in India, Avenue Growth launche...
AI-Powered Location Intelligence Startup Raises $2 Mn Funding
FUNDING

AI-Powered Location Intelligence Startup Raises $2 Mn Funding

LifeSight, an artificial intelligence-powered location intelligence platform based in Singapore, recently raised $2 million in a pre-Series A funding round led by shareholders of Provident Capital Partners, an investment firm based in Indonesia. The funds raised will be used to grow its engineering and data science abilities at its Bengaluru development centre as well as expand operations in other Asian markets in the next couple of years, according to a statement released by the company. LifeSight, which is run by LifeSight Pte. Ltd, saw the day in September 2017 by Rohit Maheswaran and Tobin Thomas. Before founding LifeSight, Maheswaran was operating as Chief Product Officer at Ebizu, an ad-tech company, while co-founder Thomas was responsible of sales and operations at AskMe, the ...
Infibeam to Acquire Snapdeal’s Unicommerce for Rs 120 Crore
ACQUISITION

Infibeam to Acquire Snapdeal’s Unicommerce for Rs 120 Crore

Infibeam Incorporation Ltd, parent company of the country’s only listed e-commerce will acquire 100% stakes in the tech solutions company of Snapdeal, Unicommerce. Infibeam released a statement stipulating that in reached an agreement with Snapdeal’s parent company, Jasper Infotech Pvt. Ltd to acquire Unicommerce for the sum of Rs 120 crore. Snapdeal reported a 75% jump in loss for the financial year ended March 2017 and are now selling Unicommerce for 55% less than they acquired it in 2015 for $40 million. Founded by IIT Delhi alumni Ankit Pruthi, Karun Signla and Vibhu Garg in 2012, Unicommerce licensed a product called Uniware that is a software-as-a-service (SaaS) application for end-to-end management of order fulfillment. The application specializes in managing vendors, procurem...