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Data Platform Datacoral Raises $10 Million in Series A Round

9Nov By Gauri SinghNo Comments

FUNDING

Data Platform Datacoral Raises $10 Million in Series A Round

A serverless data platform Datacoral has raised funds amounting to $10 million Series A financing round. This round was led by Madrona Venture Group. Along with this, existing backer Social Capital also participated in this particular funding. The company is planning to use the funds so raised to grow its business team in order to be able to reach more potential customers and to expand its engineering team. The company offers enterprises an end-to-end data infrastructure that will allow businesses and their data scientists to focus on generating insights over having to manage and integrate their data sources. “We have built a platform that easily and automatically brings together data from different applications and databases, organizes that data in any query engine and acts on insi...

2Nov By Gauri SinghNo Comments

FUNDING

Ad Analytics Startup Edo Raises $12 Million in Series A Funding

US-based ad analytics startup Edo has raised funds amounting to $12 million in Series A funding round. The particular round was led by Breyer Capital. Along with this, Vista Equity co-founders Robert Smith and Brian Sheth participated in the round, as did WGI Group. “For more than a decade I’ve watched the data science talent arbitrage transform industries from finance to defense, from transportation to commerce,” Breyer said. “We needed someone to bring these capabilities to bear on the systemic inefficiencies and methodological shortcomings of measurement and analytics in media and advertising.” On the customer side, Edo is already working with ESPN, Turner, NBCUniversal and Warner Bros. I wondered whether some of the TV networks might have been worried about what Edo would reveal a...

16Oct By Gauri SinghNo Comments

FUNDING

myGate Secures $8.8 million in Series A Funding Round

Mobile-based security management solution for gated premises called myGate has secured funds amounting to Rs 65 crore (around $8.8 million) in Series A funding round. This round was led by existing investor Prime Venture Partners. The company is planning to utilize these funds to grow rapidly across 10 cities including Chennai, Mumbai and Delhi-NCR. It has not been mentioned whether any other backer took part in the funding round or not. myGate is owned and operated by Bengaluru-based Vivish Technologies Pvt. Ltd and was founded in 2016 by Vijay Arisetty, Abhishek Kumar, Vivaik Bhardwaj and Shreyans Daga. “Technology is pervasive and it was only a matter of time for the security at gated communities to be transformed using smart and intelligent solutions… We will expand the myGate t...

27Aug By Gauri SinghNo Comments

FUNDING

Rooter Raises Rs 4.5 Crore in Series A Funding

Sports social gaming platform Rooter has raised funds amounting to Rs 4.5 crore in Series A funding round from a group of investors of integrated incubator platform Venture Catalysts. The company is planning to use these funds in the expansion of its reach and appeal and establish itself on an international stage. The company is basically aiming at global expansion. “This is a precursor to a big Series A round, which we are going to raise on November 12 when we will pitch in front of over 50 investors at the Adidas family-backed 2018 leAD Sports Accelerator Program,” said Piyush, CEO and co-founder at Rooter. The investors that participated in the particular funding round included Khalid Al Tawil, Anjali Malhotra from Aviva, Pranay Nigotiya, Vishal Agarwal, Nishil Agarwal, Tharun ...

13Aug By Gauri SinghNo Comments

FUNDING

Bugworks Research Secures $9 million in Series A Funding

A Bengaluru and Delaware-based drug discovery company called Bugworks Research has reportedly raised $9 million (about Rs 62.2 crore) in a Series A round of funding. This particular round was led by the University of Tokyo Edge Capital (UTEC). The latest funding round also saw participation from South Africa-based Acquipharma Holdings, 3one4 Capital and angels including Marcus Schabacker, the former chief strategic officer of Baxter Healthcare, and Shrikumar Suryanarayan, former head of research and development at Biocon. The funds so raised will be used by the company to deepen its clinical trials. “The company, in three years, has invented a novel class of antibiotics for superbugs. We have completed several animal tests. The plan is to enter human trials by 2020,” said Anand An...

Nasscom Expresses Concern Over Fall in Angel, Series A Funding into Indian Startups

13Feb By NitishNo Comments

News

Nasscom Expresses Concern Over Fall in Angel, Series A Funding into Indian Startups

Nasscom, the software industry lobby has once again expressed concern over the falling funding into indian startups and called for added focus to galvanise the entrepreneurial ecosystem. The National Association of Software and Services Companies (Nasscom) had last November shared its concern over the taxation issues in the startup scene, which led to a steep 50 per cent fall in angel investments and a significant decline in series A funding. "While angel investments are the critical first piece that gets a startup going, series A funding is the one where the angel investors really make their exits and make money. Thats what incentivises them to continue their investments," Nasscom president R Chandrashekhar said. "We had pointed that out and felt that corrective measures are needed. ...

24Aug By PriyankaNo Comments

FUNDING

Shaadisaga Raises Funding From Kunal Shah & Others

New Delhi: Online wedding platform Shaadisaga had raised an undisclosed amount of pre-series A funding from Anupam Mittal, founder of matrimonial website Shaadi.com, Freecharge founders Kunal Shah and Sandeep Tandon, and Dheeraj Jain, partner at UK-based hedge fund Redcliffe Capital. ah!Ventures and Rohit Chokhani of White Unicorn Ventures were among the other investors who participated in the round. Founded by Himanshu Kapsime and Manish Garg, Shaadisaga offers couples wedding planning services, providing photographers, make-up artists, marriage venue and so on. “Our team is using technology to essentially bring the offline wedding planning experience onto an online platform, while adding convenience and cost-effectiveness,” said Kapsime. The company will use the money in technolo...

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...

20Apr By PriyankaNo Comments

FUNDING

Mobile Fashion App Fashalot Raises Funding From YourNest & Others

Location-based mobile fashion platform Fashalot has received Series-A strategic funding led by YourNest Angel Fund and marquee investor Rahul Garg for an undisclosed amount. The company said it will invest the fund in product development, top talent and accelerating its business growth. Operational in Delhi-NCR and Bengaluru, the brand aims to aggressively ramp up operations in new cities by the end of this year, it said in a statement. "We are on track to be the largest online-to-offline location-based fashion discovery network in India and the capital raised will contribute significantly for us to achieve this goal," Amit Koshal Founder and CEO of Fashalot said. The startup connects shoppers with offline stores through its horizontal network effect platform. It claims to have ...

24Oct By AnkitaNo Comments

FUNDING

Ratan Tata And American Express Join Series A Funding Round Of Digital Currency Start-Up Abra

MOUNTAIN VIEW, CALIFORNIA – Abra, the company changing how people use cash and their smartphones to send and receive money around the world, announced that the Abra app will be available to all registered users in the US and Philippines in the coming weeks, with more countries to follow soon. The company also announced their entry into online, digital cash-based merchant payments. In addition, Abra announced that Ratan Tata, the Chairman Emeritus of Tata Sons, and American Express have made strategic investments in Abra as part of the recently-announced Series A round. These are the first investments in the crypto currency world for both American Express and Ratan Tata. “As people and businesses transact more globally, there’s a need for more convenient and affordable w...