Tag "funding"

Hyundai invests in Uber’s Southeast Asian rival Grab

By : CIOL Writers

South Korea’s Hyundai Motors has invested in Southeast Asian ride-hailing firm Grab, as it seeks to expand in the world’s third-biggest ride-hailing market after China and the United States. Grab did not disclose the value of Hyundai’s investment. Hyundai joined other

Fintech startup NiYO raises $13.2M to boost expansion plans

By : CIOL Writers

NiYO Solutions, an emerging fintech startup for salaried employees, has raised $13.2 million (Rs 85 crore) in Series A funding to drive the continued expansion of its payroll and benefits platform in India. The investment was made by Social Capital,

Lendingkart raises Rs 25cr in cash credit facility from SBI

By : CIOL Writers

LendingKart has raised Rs 25 crore in cash credit facility from State Bank of India. As the company expands its reach to over 950 cities across the country , these funds will come in handy to widen Lendingkart Finance’s offerings to SMEs

Indus OS raises $4M in pre-series B funding round

By : CIOL Writers

Indus OS, India’s homegrown smartphone operating system and native applications platform has raised $4 million as pre-series B funding from existing investors Omidyar Network, Ventureast and JSW Ventures. The latest funding values the company at $13 million and the funds

Squarespace raises $200M in fresh funding; valued at $1.7B

By : CIOL Writers

Squarespace, the website that lets you create and maintain websites, blogs, and online stores is now raising $200 million from General Atlantic, valuing the company at $1.7 billion, according to Bloomberg report. The United States-based company had previously raised $78.5 million

Indian startup ‘Teabox’ raises $7M in Series B funding

By : CIOL Writers

Bangalore based Teabox has raised $7 million in Series B funding led by RB investments and participation from existing investors. DBS Bank Ltd will also participate in this round of funding through venture debt. Teabox, founded in 2012, runs an

Graphic India raises $5M to expand its comic brand in India

By : CIOL Writers

Graphic India, the company which creates comic characters for the digital platform has raised $5 million in a new funding round led by investors at Liquid Comics with a group of global media and investment leaders participating including Start Media,

Elon Musk’s SpaceX raises $100M more

By : CIOL Writers

Rocket maker SpaceX has raised another $100 million in an extension to an earlier financing round when it raised $350 million, according to a regulatory filing. The new follow-on funding puts SpaceX’s total post-money valuation at $21.5 billion. The amended

Sachin Tendulkar backed Smaaash raises Rs 25cr

By : CIOL Writers

Smaaash Entertainment, a sports-based entertainment company backed by Sachin Tendulkar has raised $3.8 million(Rs 25 crore) from Sixth Sense Ventures. The investment round is expected to value Smaaash at over $100 million. The deal is expected to be completed in a

Lyft raising another $500M to take on Uber

By : CIOL Writers

US ride-hailing company Lyft is seeking to raise an additional $500 million, over and above the $1 billion it raised recently from Alphabet venture arm CaptialG, according to a US share authorization document filed in Delaware, reports Axios. The $500 million is an

Paytm Payments Bank gets Rs 122cr infusion from founder and parent co.

By : CIOL Writers

Paytm’s parent company One97 Communications and its founder Vijay Shekhar Sharma have invested Rs 122 crore in Paytm Payments Bank, taking their total fund infusion to Rs 400 crore. While, Vijay Shekhar Sharma invested Rs 62 crore, the rest came from

Hospitality startup FreshUp raises $1.5M from Lotus Global

By : CIOL Writers

Chennai based hospitality startup FreshUp has raised $1.5 million through seed funding from Singapore based Lotus Global Investments. The investment will be used to strengthen its expansion across southern states of the country including Andhra Pradesh, Telangana, Tamil Nadu, Kerala,

Deliveroo raises $98M in Series F funding round

By : CIOL Writers

London based online food delivery startup Deliveroo has raised an additional $98 million in Series F funding round, bringing the total valuation to $482 million. The round was led by T. Rowe Price Associates and Fidelity Management & Research Company. In addition, top-shelf investors

Wipro Consumer Care invests in Happily Unmarried

By : CIOL Writers

Wipro Consumer Care, the personal care arm of Wipro Enterprises, has agreed to invest an undisclosed amount in Delhi-based consumer products firm Happily Unmarried. The value of the investment or the stake bought has not been disclosed. Happily Unmarried Pvt

Netflix raising $1.6B in debt to fund acquisitions and content production

By : CIOL Writers

Netflix is acquiring an additional $1.6 billion in debt to fund “content acquisitions, production and development,” among other “general corporate purposes,” the streaming giant said on Monday. It is the sixth time the company has issued senior notes since 2013. Last week,

Amazon pumps in Rs 260cr into Amazon Pay

By : CIOL Writers

In a bid to take on take on Flipkart’s PhonePe and Paytm, Amazon has pumped in another Rs 260 crores in its payment arm, Amazon Pay. According to the Economic Times, the e-retailer bagged the investment from Singapore-based Amazon Corporate Holdings

Lyft raises $1B led by Alphabet’s CapitalG

By : CIOL Writers

Uber’s rival Lyft has raised $1 billion led by CapitalG, Google’s investment fund. The latest funding round values the ride-hailing company at $11 billion, the company announced. As part of the deal, CapitalG Partner David Lawee will be joining Lyft’s board. The

BankBazaar raises $30M in series D funding led by Experian

By : CIOL Writers

Financial products marketplace BankBazaar has raised $30 million in a funding round led by  London-headquartered credit rating agency and information management company Experian. The latest round brings BankBazaar’s total funding to $110 million. BankBazaar’s other investors include Amazon that led its $60 million Series C

PolicyBazaar raises Rs 500cr from Wellington Management and others

By : CIOL Writers

Online insurance policy aggregator PolicyBazaar has raised Rs 500 crore in a new funding round led by global asset management firm Wellington Management, IDG Ventures India and private equity firm True North, as reported by Economic Times. As the name

Magic Leap is raising upto $1bn in new funding round

By : CIOL Writers

AR mystery startup Magic Leap is looking to raise up to $1 billion in a new funding round. The company, based in Florida, has authorized the sale of more than 37 million shares of Series D stock at $27 each to raise