Series A funding | Pixr8 News

2Oct By Gauri SinghNo Comments

FUNDING

Indian Online Poker Platform Secures Rs 28 Crore From WaterBridge Ventures

SparSkills Technologies, the owner and operator of online poker platform 9stacks has raised funds amounting to Rs 28 crore in Series A funding round. This particular round was led by early-stage venture capital firm, WaterBridge Ventures. The funds raised through this funding round will be used by the company to expand its team, and further build its technology platform. Prior to this funding, 9stacks raised Rs 10 crore from a clutch of angel investors last December. “We have sharp focus on analytics. Therefore some of the money will go towards deepening that side, as we get more into machine learning. We are looking at newer markets, therefore some of the proceeds will go towards that,” Sudhir Kamath, chief executive of 9stacks stated. Founded in 2017 by Kamath, 9stacks is a 14-year ...

16Aug By Gauri SinghNo Comments

FUNDING

Swedish-startup Karma Raised $12 million in Series A Funding

Swedish-startup Karma which is an app that connects restaurants, cafés and grocery stores with users eager to purchase unsold food at a lower price has secured $12 million in Series A funding. The funding round was led by Kinnevik, a Swedish investment firm. The round also saw the participation of investors like U.S. venture capital firm Bessemer Venture Partners, appliance manufacturer Electrolux, and existing investor VC firm e.ventures. With this funding, the company plans to expand from 35 people based in Stockholm to over 100 across 5 markets by the end of next year and over 150 by mid of 2020. Following this funding round, the total funding amount of the company as of now has reached $18 million. Karma was founded by Hjalmar Ståhlberg Nordegren, Ludvig Berling, Mattis Larsso...

Wow Express raises $4.5 Mn from Tamarind Family Trust

28Jun By Lavina TolaniNo Comments

FUNDING

Wow Express raises $4.5 Mn from Tamarind Family Trust

Wow Express, a Mumbai based E-commerce platform has raised $4.5 Mn in a Series A round of funding from existing investor Tamarind Family Private Trust of the Mansukhani family, the owner of the consumer durable brand Onida. The latest Series A round also included previously issued compulsorily convertible debentures, which converted along with this round. The company is looking forward to using the freshly raised capital in expanding its geographical presence, strengthening its technology platform and senior management team. Sandeep Padoshi, co-founder of WOW Express said, “We want to expand our e-commerce footprint, from the current 42 cities to over 100 cities in the next 12 months. We are also in talks to bring on board professional executives for our chief operating officer and chi...

19Jun By Lavina TolaniNo Comments

FUNDING

IndiQube raises $15 Mn Funding from WestBridge Capital

IndiQube, a workspace solutions provider has raised USD 15 million in its Series A funding round led by WestBridge Capital. The investment also witnessed participation of Ashish Gupta, co-founder of Helion Ventures. Notably, the funding marks the first external round for the company where the funds shall be used for company expansion to cities like Mumbai and Chennai, increasing its workforce and brand creation, informed the founders, Rishi Das and Meghna Agarwal. Rishi Das, further added We already have about 15,000 seats operational, which will be increased to 25,000 by the end of the fiscal. By then, we will also expand to Pune and Hyderabad. We are also looking at setting up presence in Mumbai and Chennai. IndiQube currently in-houses 1.4 million sq ft of workspace and has some...

10May By Sheldan RungasamyNo Comments

FUNDING

Quick-Service Restaurant Raises Rs 5 crore Funding

Charcoal Eats, a tech-driven quick service restaurant (QSR) raised a Pre-Series A funding round of Rs 5 Crore from several investors. The funds raised will serve to increase Charcoal Eats’ footprint across new demographics while consolidating its presence in current markets its operating as well. Furthermore, it will serve to invest in customer acquisition and brand building as well. Charcoal Eats aims at operating over 60 offline stores spread across 10 different cities which will be a significant upgrade from the 22 outlets it operates across six cities currently, namely Mumbai, Pune, Thane, Navi Mumbai, Nashik and Delhi-NCR. "Our strong product focus enabled by in-house technology is at the heart of our business. In the last 2 years, we have served over half a million customers...

Meaningful Exit Strategy for Startup Founders and Investors

29Jan By RishabhNo Comments

BLOGS

Meaningful Exit Strategy for Startup Founders and Investors

The startup industry is not doing it for the money, but money is one of the most talked about thing in the startup world. Money flows in the system at a greater pace and in considerable numbers. The scenario is pretty much clear for VCs, how they plan on making money by funding the startup at a nascent stage. For the founders, who are starting up or have already started up, its important for them to know how can they get most out from their startups. The optimal financial strategy for founders is to start bootstrap, raise seed funding, grow their venture and take exit. But at what stage should a founder plan his/her exit from the startup for better personal financial returns, is something we're often confused at! A lay man would say bigger the number, better the returns, well actu...