Monday, November 18

Tag: startup

Uber’s Rival Grab Set To Dominate In Southeast After Largest Ever Fundraising
24Jul By RishabhNo Comments
FUNDING

Uber’s Rival Grab Set To Dominate In Southeast After Largest Ever Fundraising

The Singapore-based ride-hailing service is getting $2 billion worth of investment from China-based ride-hail player Didi Chuxing and Softbank. The startup also expects to raise an additional $500 million from other investors as part of this round. Provided it closes the additional sum, the company’s valuation would top $6 billion, according to a source familiar with Grab’s fundraising. The $2.5 billion round is reportedly the largest ever single financing round in Southeast Asia and demonstrates just how ferociously the powers that be are battling for ride-hailing dominance in that part of the world. The Singapore-headquartered company says it has a Southeast Asia market share of 95 percent in third-party taxi-hailing and 71 percent in private vehicle hailing. It also provides car...
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Ola Invests Rs 100 Cr In Ola Fleet Technologies
23Jul By Press Trust of IndiaNo Comments
FUNDING

Ola Invests Rs 100 Cr In Ola Fleet Technologies

Cab aggregator Ola has invested Rs 100 crore in its car leasing subsidiary, Ola Fleet Technologies. The investment comes at a time when the homegrown firm is locked in an intense battle with US-based Uber for leadership in the Indian market. The proposal for Ola investing Rs 100 crore into Ola Fleet Technologies was accepted by the board of the car leasing arm last month, as per documents filed with the Corporate Affairs Ministry.  The SoftBank-backed Ola had invested Rs 50 crore in the unit in February this year. Ola did not reply to an emailed query in this regard. In 2015, Ola had announced setting up of a captive leasing subsidiary to finance cars to be added to its platform and had announced an investment of Rs 5,000 crore. Through Ola Fleet Technologies, the Bengaluru-b...
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Why This Agriculture Startup Raised Largest-ever Funding From Softbank Vision Fund
20Jul By AdityaNo Comments
News

Why This Agriculture Startup Raised Largest-ever Funding From Softbank Vision Fund

Plenty, the leading field-scale indoor farming company remaking the global food system, announced today a $200 million Series B funding round led by the SoftBank Vision Fund, making it the largest agriculture technology investment in history. Other participants in the round include existing backers such as DCM Ventures and funds that invest on behalf of Alphabet’s Eric Schmidt and Amazon’s Jeff Bezos. (more…)
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Printline Media Concludes First Round Funding With Stellar List Of Investors
19Jul By RishabhNo Comments
News

Printline Media Concludes First Round Funding With Stellar List Of Investors

Printline Media Pvt Ltd., a venture founded by Shekhar Gupta, has recently announced the conclusion of its first round of funding with a stellar list of investors. N.R. Narayana Murthy, Ratan Tata, Nandan Nilekani, Uday Kotak Family, Kiran Mazumdar Shaw, Bangalore-based tech entrepreneur Rajiv C. Mody, Paytm founder Vijay Shekhar Sharma, Chairman, LVMH Asia Ravi Thakran, IIFL founders Nirmal Jain, R. Venkataraman, Karan Bhagat and Yatin Shah are eminent investors in the venture. Printline Media has also announced that it will publish ThePrint, a multi-media, mostly digital news platform. Widely respected and accomplished journalist Pranab Dhal Samanta being its Editor.   This launch will open possibilities across platforms for serious, substantive and probing journalism, w...
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Paytm Mall Revamps Seller Platform, Delists 85,000 Vendors, Focuses On Quality
17Jul By PriyankaNo Comments
News

Paytm Mall Revamps Seller Platform, Delists 85,000 Vendors, Focuses On Quality

Paytm Mall, the online retail arm of Paytm e-Commerce, has flushed out about 85,000 sellers that did not meet its new quality standards. According to Paytm, the move was part of its strategy to revamp its seller registration and on-boarding process to enhance its user experience on its platform. According to the company’s new policy, sellers will now have to mandatory furnish brand authorization letters before being able to sell their goods on the online platform. They will also have to submit their registration number, shop location and photos, and goods and services tax identification number in order to list their products on the platform, Paytm said. While the move comes a fortnight after the GST kicked in, Paytm maintains that the move to delists sellers is independent of the imp...
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Pune-Based Vayana Network Bags $4 Mn From IDG, Jungle Ventures In Series A Round
17Jul By AdityaNo Comments
FUNDING

Pune-Based Vayana Network Bags $4 Mn From IDG, Jungle Ventures In Series A Round

Pune-based digital trade financing company Vayana Network Services Pvt. Ltd has raised $4 million ( Rs 26 crore) in a Series A round from IDG Ventures India Advisors Pvt. Ltd and Jungle Ventures Pte. Ltd. “This funding comes at an exciting time with GST driving the digital invoicing ecosystem in India and in the backdrop of increasing velocity for trade-based financing led by third-party platforms, globally. We plan on offering several value-added services for our clients to help them take advantage of the trade data,” said R N Iyer, founder and CEO of the company. Vayana Network provides a digital platform for short-term trade financing which helps corporates to set up programs with financial institutions to help their sellers or buyers to finance purchases or sales. Vayana Network h...
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SoftBank Plans To Invest In DIY Robots Startup Makebloc
13Jul By AnkitaNo Comments
FUNDING

SoftBank Plans To Invest In DIY Robots Startup Makebloc

SoftBank Group Corp. is in talks to invest in a STEM education and robotic startup Makebloc as per the sources said. Makeblock is looking to raise about $60 million in a series C round by the end of the year 2017 with a target to double its valuation to $400 M. The figures are preliminary and could vary depending on negotiations. Moreover, no official statement has been released by any of the company. Makebloc had earlier  raised a funding of $30 million in Series B round at a $200 million valuation led by Evolution Media China and Shenzhen Capital Group Co., Ltd. Founded in 2011(as a company in 2013) by aircraft-design major Jasen Wang, Makeblock is a leading DIY robotics construction and programming learning platform for makers, hobbyists, STEM learners, and educators. Makeblock...
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Sourav Ganguly Shows Interest in Startup Ecosystem, Invests in Flickstree
12Jul By RishabhNo Comments
FUNDING

Sourav Ganguly Shows Interest in Startup Ecosystem, Invests in Flickstree

Former Indian Cricket Team Captain Sourav Ganguly has recently showed his interest in startups by investing an amount of  around $464,000 ( Rs 3 crore) in a Mumbai-based entertainment company- Flickstree. Besides him, Kolkata-based Aditya Group’s Anirban Aditya and Ankit Aditya, and Moksh Sports Ventures were the main participants in the round. Flickstree is a tech-entertainment company, started by Saurabh Singh, Rahul Jain and Nagender Sangra in 2014, officially launched in August 2016, and marks Ganguly's debut in startup investment. “Flickstree helps users follow their passion and create their personal video magazine. Such a model has the potential to change the way videos are consumed,” said Ganguly. The platform compiles free-to-watch online videos from social network, media-s...
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Farrukhabad based startup raises funding from London and Dubai Investores
10Jul By RishabhNo Comments
FUNDING

Farrukhabad based startup raises funding from London and Dubai Investores

Farrukhabad, Uttar Pradesh based startup- EduGorilla has recently raised an undisclosed amount of funding from London-based and Dubai-based investors. Founded by Rohit Manglik, EduGorilla is a one-stop community in Education for students, faculty and Institutes. Students can find answers of their career related queries, download study material, search Coaching, School or College. With the funds received, the startup said that it is aiming at expansion in the three states, namely- Uttar Pradesh, Haryana and Delhi. U.P alone serves a huge potential, with plenty of students and colleges itself. EduGorilla will utilize its funding in the expansion of business, its development, strengthen the core team and also expand its services to the rest of India. "This investment is a powerful endo...
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