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Y Combinator backed Digital Payment Firm Cashfree raises $35 million

25Nov By PriyankaNo Comments

FUNDING

Y Combinator backed Digital Payment Firm Cashfree raises $35 million

Bengaluru-based fintech, Cashfree raises USD 35.3 million (approximately ₹ 260 crore) as part of its Series B round. The investment was led by Uk based Apis Growth Fund II, with participation from existing investor Y Combinator. Cashfree, a payments and banking technology company that enables businesses in India to collect payments online and make payouts, was founded by Akash Sinha and Reeju Datta in 2015. The company is a 2017 alumnus of Y Combinator, the start-up incubator based in San Francisco, and has grown exponentially, processing over $ 12 billion annualised payment volumes as of March 2020, the statement said. Cashfree said it has been profitable since its first year of operations and counts more than 50,000 businesses amongst its merchants including internet companie...

6Apr By NitishNo Comments

FUNDING

Sqreen Closes $14 Million Series A Funding Round Led by Greylock Partners & Y Combinator

SAN FRANCISCO- Sqreen, the industry’s first provider of Application Security Management (ASM), today announced the close of a $14 million Series A funding round led by Greylock Partners with Y Combinator and previous investors Alven Capital and Point Nine also participating. Greylock partner Sarah Guo joins the board. To date, Sqreen has raised more than $18 million in total funding. Sqreen’s ASM platform, used to protect more than 500 companies around the world today, is a modern approach to security in production for web applications and cloud workloads. ASM leverages microagents embedded in applications to identify and automatically protect against threats in real time. Sqreen is easy to use and deploy. With no software code modifications, Sqreen can be up and running and pr...

29Mar By Press Trust of IndiaNo Comments

FUNDING

Inito becomes the First Medical Device Startup from India to Secure Funding from Y Combinator

New Delhi: Inito, a Bangalore based medical technology startup, has been selected by Y Combinator in their Winter ’19 Cohort. By doing so, it becomes the first Indian medical device startup to be supported by Silicon Valley based Y Combinator. The Silicon Valley based startup incubator boasts of a portfolio of well-known startups like AirBnB, Reddit, Quora and Dropbox etc. Inito’s flagship innovation is a small device that enables smartphones to perform lab-grade fertility diagnostic tests at home. The device is based on the company’s patent-pending ‘Flat-lens’ technology and comes with the Inito Reader, App and test strips. Right now, Inito’s Monitor measures two fertility hormones, Estrogen & Luteinizing Hormone (LH), in urine and enables women to track their fertile days at home...

US-Based Y Combinator Backs Indian Rental Startup ZiffyHomes

4Aug By Gauri SinghNo Comments

FUNDING

US-Based Y Combinator Backs Indian Rental Startup ZiffyHomes

Home rental service startup ZiffyHomes which is based in Gurugram has secured an amount of $120,000 from a US-based startup incubator Y Combinator. This investment by Y Combinator has been made for its summer cohort 2018. It had earlier made an investment in one more Indian startup for the same. It was last month that the US incubator invested $120,000 in a blockchain-focussed startup known as Kyte.ai. The company is gearing up for its Demo day scheduled in August in the valley in which these companies will be publicly displayed. “Demo Day at YC is the most effective way of raising funds to fuel the future growth of a company and we look forward to the same for ZiffyHomes,” said Sanchal Ranjan, co-founder of ZiffyHomes. Founded in 2015 by Saurabh Sinha, Sanchal Ranjan, and Salil Aga...

Cashfree Raises USD 120k From Y Combinator

28Oct By Press Trust of IndiaNo Comments

FUNDING

Cashfree Raises USD 120k From Y Combinator

Payments platform Cashfree today said it has received USD 120,000 in seed funding from Silicon Valley-based startup accelerator Y Combinator. Cashfree was one of 130 startups globally selected for Y Combinator's Summer 2017 batch and more than 7,000 applications were received this year, a statement said. "The products we have built are first of their kind and are helping businesses scale and innovate faster. We already are a profitable business and are looking to process Rs 200 crore of monthly payments by the end of the year," co-founder Akash Sinha said. The startup claims to process more than Rs 50 crore of payments every month and has 1,100 merchants on its platform. Cashfree works as a payment gateway that automates inbound and outbound bank transfers. This replaces the slo...

8Nov By AnkitaNo Comments

FUNDING

Mumbai Based Car Rental Startup Justride Raises 20 Crore Funding From Y Combinator

Mumbai Based Car rental startup JustRide raises 20 Crore (about $3 million) funding from global investors, including Y-Combinator partners. Justride will use funding for expanding the company's car-sharing platform JustConnect and developing Yabber, an IoT device that works on connected car technology and data analytics to analyze the driving skills of the customers. "A vast majority in India do not have access to personal transport, presenting an extensive market for car rentals. The challenge is to build a sustainable car-sharing model to cater to the average urban commuters, while keeping in mind the interests of the car owners, who have a depreciating asset that is their car and does not get any return on it," said Ashwarya Singh, chief executive officer and co-founder, JustRide. ...