Series C funding | Pixr8 News

17Jul By Gauri SinghNo Comments

FUNDING

Unacademy Raises $21 Million in Series C Funding Round

Online learning platform Unacademy has secured $21 million in a series C funding round. This funding round saw the participation of Sequoia India, SAIF Partners, Nexus Venture Partners and other existing investors as well. Followed by this funding round, the valuation of the company crossed $100 million. Apart from the above-mentioned investors, Blume Ventures also participated in this round. Gaurav Munjal, co-founder and CEO of Unacademy, said, “Right from the outset, we have focused on growing the platform by empowering the best educators. We have grown tremendously since our inception, and just last month, more than 3,000 educators were active on the platform and lessons created by them were watched more than 40 million times by learners.” The company plans to utilize the funds so ...

Knowlarity Communications Acquires Cloud-SaaS Company Sunoray

14May By Lavina TolaniNo Comments

ACQUISITION

Knowlarity Communications Acquires Cloud-SaaS Company Sunoray

Cloud-based Telephony Company Knowlarity Communications Pvt. Ltd. has reportedly acquired Mumbai based Sunoray Solutions Pvt Ltd. in an undisclosed amount. Post this acquisition, Knowlarity will keep hold of Sunoray's small and medium-sized enterprise market as well as artificial intelligence and machine learning products, as revealed in the company statement. Ambarish Gupta, Founder and CEO Knowlarity Comm. said, The acquisition has happened in the context of our strategy of acquiring businesses that complement our scales, both in terms of revenue and breadth offering to our customers. We will also aggressively target Enterprise Customer with the expanded product. New Delhi-based Knowlarity was founded in 2009 by Pallav and Gupta Pandey and is backed by giant investors like Sequoi...

Amazon Invests Rs 144 Crore in Bangalore based E-Lending firm

24Apr By Lavina TolaniNo Comments

FUNDING

Amazon Invests Rs 144 Crore in Bangalore based E-Lending firm

Indian e-commerce major, Amazon has invested Rs. 144 crore( $22 million) in Capital Float, a platform for lending to small & medium enterprises (SME's). This is Amazon's third investment in financial landscape after BankBazaar and Qwikcilver Solutions. Founded in 2013 by Sashank Rishyasringa and Gaurav Hinduja, alumni from Standford University, Capital Floats raised funding round which was a part of Series C exercise raised by the company last year. The company had also raised $45 million i.e nearly Rs. 299 crore in last year in August and now will be utilizing the money to promote innovations and build proprietary underwriting algorithms. Capital Float has 20% of its customer base from e-commerce sellers and vendors thus making Amazon be one of its biggest customers. This ...

21Apr By Lavina TolaniNo Comments

FUNDING

Insurance-Tech Startup Coverfox raises $22 Mn in Series C Funding

India's online insurance platform, Coverfox has managed to secure $22 million in a series C fundraising exercise led by IFC, a World Bank off-shoot, and Transamerica. Some of the company's existing investors also participated in the round. Company's former fundraising round that combined Series A and B together had received $17 million from leading investors such as Accel, SAIF Partners and Cataraman Ventures, the VC firm owned by Infosys fame Narayan Murthy. The company was founded by Devendra Rane in 2013 and offers proprietary technology and algorithm based platform to buy and compare policies across leading insurance companies. It has integrated successfully with more than 35 insurers and currently providing 150 policies in life, motor, and health insurance. Pramansh...