Tag "funding"

ShareChat raises $100mn in Series D Funding

By : CIOL Bureau

ShareChat announced today that it has raised a new round of funding of $100mn in its Series D. To date, ShareChat has raised a total of $224 million. Existing investors participating in this round include Shunwei Capital, Lightspeed Venture Partners,

Unicorn India Ventures announces its 2nd equity fund

By : CIOL Bureau

Mumbai-based venture Fund Unicorn India Ventures has announced the launch of its 2nd equity fund aimed at investing in early-stage startups. The Fund size is Rs 400 crore and the first close is expected at Rs 150 crore by the

Druva raises $130 million funding to power data protection for the Cloud Era

By : CIOL Bureau

Druva Inc. announced a $130 million funding led by Viking Global Investors, pushing total capital raised to $328 million. The round also included participation from new investors including certain funds advised by Neuberger Berman and Atreides Management, as well as

Scentials has raised Rs 25 crores in Series A funding led by Unilever Ventures

By : CIOL Bureau

Celebrity led Beauty Company Scentials has raised 25cr in Series A funding led by Unilever Ventures. Scentials co-founded by Jinesh Mehta and Mahesh Bhupathi launched Virat Kohli’s’ One8 brand in the fragrance category in January this year and followed with

Travel Technology Startup ‘Guiddoo’ Raises $800K in Pre-Series A Funding

By : CIOL Bureau

Guiddoo, a one-stop shop for in-destination experiences, has secured capital of $800,000 (6 CR approx.) in the Pre-Series A funding, held in July this year. The funding was led by global investors including Rennie Ratadia (Singapore), Stephen Dmello (Dubai) &

ICO: A New Way Of Fundraising For Indian Startups

Sandeep Phogat Historically, IPOs or VC funding has financed startups for projects and ventures. Later, the concept of crowdfunding was made popular by platforms such as Kickstarter. In 2013, Ethereum, a cryptocurrency and decentralized app platform brought ICOs into the

Deep-Tech Focussed Bharat Innovation Fund Announces First Close Of Its $100M Fund

BANGALORE, INDIA: Bharat Innovation Fund, an early stage deep-tech, and IP- focused venture fund, affiliated with the Centre for Innovation, Incubation and Entrepreneurship (CIIE) at Indian Institute of Management (IIM) Ahmedabad, announced its first close today. The pre-Series-A and Series-A focussed $100M fund

India remains the top destination for tech investors in Southeast Asia

INDIA: Southeast Asia and India continue to capture heightened attention from investors in 2018 looking to capitalize on budding technology (tech) opportunities and emerging market plays outside of China. Independent M&A intelligence service, Kroll estimated 170 tech transactions by private

P2P lending firm Finzy raises $1.3M in pre-Series A funding

By : CIOL Writers

Peer to peer lending platform Finzy has raised $1.3 million in the first round of pre Series A funding. The second round of fundraising is expected to close with a pre-identified set of investors within the next 60 days. The

Ag-tech start-up AgShift raises $2M from Exfinity Ventures

By : CIOL Writers

AgShift, a California-based technology startup, is building the world’s first autonomous food inspection system leveraging Deep Learning and Computer Vision has raised $2 million in seed funding to strengthen product development and expand customer reach. “At AgShift, we are re-imagining

Magic Leap raises $461M from Saudi Arabia fund

By : CIOL Writers

The secretive augmented reality startup, Magic Leap has raised $461 million in its latest funding round, led by the Kingdom of Saudi Arabia’s sovereign investment arm. Though the company hasn’t released a product till date, they continue to raise a lot

Sequoia India invests $6M in NBFC lending firm Finova Capital

By : CIOL Writers

NBFC lending company Finova Capital has raised $6 million from Sequoia India. The firm will use the funds to expand its presence across the country, investing in technology and talent acquisition. The news was first reported by Economic Times. Mohit Sahney,

Paytm Mall looking to raise $600M from SoftBank

By : CIOL Writers

Paytm Mall is in talks to raise $600 million from SoftBank and others at a valuation of over $2 billion, according to a report in Business Standard. Citing sources, the report says that the round will see participation from SoftBank, Singapore

Home rental startup NestAway raises $51M in Series-D funding

By : CIOL Writers

Home rental network NestAway has raised $51 million (about Rs 330 crore) from investors including Goldman Sachs and UC-RNT Fund, a joint venture between Ratan Tata’s RNT Associates and the University of California. As part of the deal, Goldman Sachs

Flipkart Internet gets $57M from parent entity

By : CIOL Writers

Flipkart Internet, which runs the Flipkart’s retail platform, has received $57 million cash infusion from its Singapore company Flipkart Marketplace, according to the documents filed with the Registrar of Companies (RoC). Flipkart Internet owns Flipkart.com and registers sales from advertisements and

Urban Ladder raises $12M in fresh funding from existing investors

By : CIOL Writers

Bangalore-based Urban Ladder has raised $12 million in a fresh funding round from existing investors. The round was led by Kalaari Capital, Sequoia Capital, Steadview Capital and SAIF Partners who put in $2.9 million each. The company says that these funds

Music streaming service Gaana raises $115M led by Tencent

By : CIOL Writers

Music streaming app Gaana is raising $115 million from Chinese Internet investment company Tencent Holdings and Times Internet, the company said in a statement. The funds will be used for strengthening technological capabilities, such as leveraging Artificial intelligence (AI) to provide

Indonesia-based Go-Jek raises $1.5B in latest funding

By : CIOL Writers

Indonesia-based ride-hailing company Go-Jek has raised $1.5 billion in a funding round from a dozen investors including BlackRock and Google. The development was first reported by Reuters. “Go-Jek is led by a strong Indonesian management team and has a proven track

Capillary Technologies raises $20M from Sequoia Capital and others

By : CIOL Writers

Capillary Technologies, cloud-based software solutions company that enables retailers to intelligently engage with their customers, raised approximately $20 million over the past year from its existing investors, including Warburg Pincus and Sequoia Capital. With these funds, Capillary expects to strengthen

ShopClues raises $1M in bridge round from Unilazer Ventures

By : CIOL Writers

ShopClues has raised $1 million in a bridge round from Ronnie Screwvala-managed Unilazer Ventures. The funding comes amidst talks about ShopClues exploring merger options with other market players. The company allocated about 1,027 equity shares to the Indian subsidiary for raising