Friday, November 22

Tag: SAIF Partners

Rivigo raises $65 million from Warburg Pincus, SAIF Partners
12Jul By AdityaNo Comments
FUNDING

Rivigo raises $65 million from Warburg Pincus, SAIF Partners

Logistics firm Rivigo has raised USD 65 million (about Rs 450 crore) in a Series E funding round led by existing investors Warburg Pincus and SAIF Partners. The company plans to utilise the funds to further strengthen its technology and network coverage, Rivigo said in a statement. "Rivigo raised a funding of USD 65 million in the ongoing series E round led by existing investors Warburg Pincus and SAIF Partners," the Gurugram-based company said. Rivigo founder and CEO Deepak Garg said, the relay trucking model is now very well established, where relay truck pilots lead a better life and customers get exceptional service. "With technology and freight marketplace, the company now wants to bring relay to every truck in the country," he said. Rivigo's technological prowess and u...
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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...
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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...
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TravelTriangle Raises Funding From Nandan Nilekani and Others
11Apr By Sheldan RungasamyNo Comments
FUNDING

TravelTriangle Raises Funding From Nandan Nilekani and Others

Travel Triangle, India’s fastest growing travel marketplace recently raised Rs 78 crore Series C funding from Fundamentum, a growth-capital fund for mid-stage tech startups in India financed by Nandan Nilekani and Sanjeev Aggarwal. This funding round also saw the participation of several existing investors such as SAIF Partners, Bessermer Venture Partners, RB investments and a handful of angel investors. This marks the first Fundamentum investment and the capital fund will join the board of TravelTriangle. The funds raised will serve to enhance the TravelTriangle’s technology as the firm looks into improving their customer interaction segment with Artificial Intelligence (AI) and machine learning. Data analytics will serve to set up a recommendation engine. The company is also lookin...
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Goodera Raises 79 Crore Series B Funding
14Mar By NitishNo Comments
FUNDING

Goodera Raises 79 Crore Series B Funding

Goodera, the Menlo Park and Bangalore-based CSR and sustainability management platform have raised ₹79 Cr funding in a Series B round. The existing investors Nexus Venture Partners and Omidyar Network are leading this round. Saif Partners also participated in this funding round. Phanindra Sama,and Sunil Chandiramani of Nykaa are the Angel investors who invested early in Goodera. Founded in 2014 by Abhishek Humbad and Richa Bajpai, Goodera provides last mile visibility, monitoring, evaluation and impact measurement of CSR projects to corporates and non-profits. Earlier Goodera had raised ₹38.3 Cr in a Series A round from Nexus Ventures and Omidyar network. Set of notable angel investors that included Varsha Rao (former Head of Global Operations at Airbnb), Kalyan Krishnamurthy (CEO...
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Urban Ladder Receives $12 Million Funding Boost
2Mar By Sheldan RungasamyNo Comments
FUNDING

Urban Ladder Receives $12 Million Funding Boost

Online Furniture retailing startup urban ladder raised $12 million from Kalaari Capital, SAIF Partners, Sequoia Capital and Steadview Capital. Two anonymous individuals close to the company shared the information about the company funding. They Urban Ladder will keep trying to lure investors in the company so as to raise more capital for another six months. “So far external investor appetite hasn’t been great and they haven’t been getting the valuation they’ve been asking for, which is why they had to do an internal bridge round,” one of the anonymous said. In January of last year, Urban Ladder raised $15 million funding from the same set of investors. They stated that this money would be use to build an omni-channel strategy. They would open branded stores in main market and it w...
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Unacademy Looking to Raise $30-35 Million
26Feb By AnkitaNo Comments
FUNDING

Unacademy Looking to Raise $30-35 Million

Bengaluru based online education platform Unacademy is in talk with investors to raise $30-35 million. The funding will use to expand Unacademy base in international market. In September, Unacademy had raised $11.5 Million from Sequoia and SAIF partners. The valuation of education platform is around $40-50 million and after $35 million funding the valuation will be close to b/w $110-130 million. As per the Livemint report, Out of $35 Million, half the funding will infuse by the existing investors. Unacademy, which was founded by CEO Gaurav Munjal, Roman Saini, Hemesh Singh and Sachin Gupta has over 50 employees & freelancers. Unacademy didn’t respond to an email seeking comment. Apart of Unacademy, Byjus an education based start-up for 4th-12th class attracts the venture...
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SoftBank In Talks To Invest $500M In Paytm Mall
28Nov By AdityaNo Comments
FUNDING

SoftBank In Talks To Invest $500M In Paytm Mall

After investing in Indian e-commerce majors Flipkart and Snapdeal, Japanese multinational conglomerate SoftBank Group is now set to invest in another Indian e-commerce space Paytm Mall. It is estimated that Paytm Mall may receive a funding around $500-600 millions in a fresh round. As per the reports, SoftBank will put around $300 million into the e-commerce venture operated by Vijay Shekhar Sharma's Paytm E-commerce Pvt Ltd. Paytm Mall has already received funding from Chinese e-tailing company Alibaba, which now holds a majority stake in the company. Also, SoftBank is one of the investors of One97 Communications, the parent company of Paytm wallet and holds around 20 percent. The telecom conglomerate already holds majority stakes in Snapdeal, which it tried to merge with Flipkar...
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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...
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SAIF Partners Sold Its Entire Shares in Makemytrip, Received 16x Returns Around $400 Million
16Feb By AnkitaNo Comments
News

SAIF Partners Sold Its Entire Shares in Makemytrip, Received 16x Returns Around $400 Million

One of the leading Venture capitalist SAIF Partners has sold its entire 11 percent stake in MakeMyTrip and the transactions are estimated to be 400 Million, a largest cash exit in India’s venture capital industry. The news was first reported by economic times. Founded in 2000 by Deep Kalra, Keyur Joshi and Rajesh Magow, Makemytrip shares surged by over 50 percent following its merger with the Ibibo Group. The Nasdaq-listed company’s received about USD 25 million in travel company’s series B and series C round of funding between 2005 and 2008 and owned 41 percent stake in the company when it debuted in Nasdaq in 2010. This is an exceptional investment exit as venture capital firms in India are facing difficulties to generate cash from the investment as only few of the companies have o...
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Online Travel Portal TravelTriangle Raises $10 Million Funding
7Feb By PriyankaNo Comments
FUNDING

Online Travel Portal TravelTriangle Raises $10 Million Funding

Online travel firm TravelTriangle has raised USD 10 million (over Rs 67 crore) in series B funding led by Singapore-based VC firm RB Investments. The company's existing investors SAIF Partners and Silicon Valley venture fund Bessemer Venture Partners also participated in the funding round, TravelTriangle said in a statement. Commenting on the development, TravelTriangle Co-Founder and CEO Sankalp Agarwal said: "We have grown faster than OTAs in the leisure segment and now fast approaching their scale. With the association with RB Investments in this round we will achieve our vision faster". The current round of fund infusion will be utilised for providing better value to customers and ramping up team, the company said. "We see TravelTriangle marketplace as the key beneficiar...
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