Saturday, April 20

Tag: SAIF Partners

SAIF Partners Invests $1 Million in Online Counselling Platform YourDOST
29Jun By NitishNo Comments
FUNDING

SAIF Partners Invests $1 Million in Online Counselling Platform YourDOST

Venture capital firm SAIF Partners today announced that it has invested USD 1 million (around Rs 6.8 crore) in a pre-series A funding deal in online counselling platform YourDOST. "SAIF Partners has invested USD 1 million into the Bengaluru-based venture which offers online counselling and emotional wellness support to users to bolster their mental health," Saif Partner said in a statement. YourDOST has raised a total of USD 1.2 million in the round with the repeat participation of seven angel investors- Venk Krishnan (NuVentures), SubbaraoTelidevara (NuVentures), PhanindraSama (Redbus), Aprameya (Taxi4Sure), Paula Mariwala (Seedfund), Vibhu Garg (Unicommerce), Gaurav Bhalotia (Flipkart). "YourDOST will strategically allocate the funds raised to rope in senior professionals from t...
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Logistics Management Software Provider FarEye Raises $3.5 Million
23Jun By sharadNo Comments
FUNDING

Logistics Management Software Provider FarEye Raises $3.5 Million

FarEye, a logistics management software provider, today said it has raised USD 3.5 million (Rs 20 crore) from SAIF Partners. The series A funding will be used for business expansion to other territories, FarEye said in a statement. There is a strong road-map of product enhancement for next 12 months and new features will be added regularly, it added. The company plans to integrate with IoT platforms and drones to enable automated delivery. "We are profitable B2B startup and believe in organic growth. Plagued by operational inefficiencies and high costs, the USD 60,000 billion logistics industry provides a huge opportunity to FarEye. We are here to streamline logistics in all industry verticals," FarEye co-founder Kushal Nahata said. Established in 2013 by Kushal Naha...
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Cleartax Raises 80 Cr From SAIF Partners
18Jun By NitishNo Comments
FUNDING

Cleartax Raises 80 Cr From SAIF Partners

ClearTax , an online tax returns filing platform has raised another $12 million (Rs 80 crore) from SAIF Partners. The new round of funding will use to launch a slew of consumer-focused tax-saving products, including mutual funds and other equity-linked saving schemes. Also as part of the deal , managing partner at SAIF, has joined the board of ClearTax's "A typical agent is very bias. To solve for this, our products will be data driven, and completely transparent, to the extent that we will publish our commissions on the site itself," co-founder and CEO Archit Gupta said. "We are very excited to partner with Archit and team as they translate their market leadership in tax filing space to become one of the largest fintech platforms in India.", Ravi Adusumalli said. ClearTax which opera...
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