Tag "funding"

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

HackerRank raises $30M in Series C funding round

By : CIOL Writers

Coding and recruitment platform HackerRank has raised about $30 million in Series C funding round, led by JMI Equity. Existing investors including Khosla Ventures, Battery Ventures, Randstad Innovation Fund and Chartline Capital Ventures also participated in the funding round. HackerRank

Lendingkart raises Rs 565cr from Fullerton and others

By : CIOL Writers

Digital lending startup Lendingkart has secured Rs 565 crore in a Series C round of funding led by Singapore’s Fullerton Financial Holdings. Existing investors Sistema Asia Fund, Bertelsmann India Investment, Mayfield India, India Quotient, and Saama Capital also participated in the round. With this new

Ed-tech startup IMAX Program raises $13.5M from MSDF and others

By : CIOL Writers

IMAX Program, a personalized education start-up that serves 800+ schools and 300,000 students across India, has raised $13.5 million from the Michael & Susan Dell Foundation, LGT Impact Ventures, and existing investor Aspada. This is the largest investment in ed-tech

HealthifyMe raises $12M in Series B funding round

By : CIOL Writers

Health and fitness platform HealthifyMe raised $12 million in Series B funding led by Sistema Asia Fund, India focused fund of Russia’s largest Conglomerate. The funding round also saw participation from Silicon Valley-based Samsung NEXT, Singapore’s Atlas Asset Management and Japan’s