Turing.com, an automated platform that lets companies cut the time it takes to hire software engineers from months to days, announced a $14-million seed funding round led by Foundation Capital and including a number of high-profile investors. Investors in the seed funding round include Foundation Capital led by Ashu Garg, Adam D’Angelo, Facebook’s first CTO…
FASHIONPHILE, the US-based pre-owned e-commerce company focused exclusively on ultra-luxury handbags, watches and fine jewelry, announced that it has raised $38.5 million in Series B funding led by NewSpring Growth, the dedicated growth and expansion strategy of private equity firm NewSpring. This funding round follows Neiman Marcus’ minority investment in the Company in April 2019,…
Sarva, a Mumbai-based yoga and mindfulness-focussed startup operated by Zorba Renaissance, announced that it has raised funding from Cutting Edge Group. Financial details of the funding remain undisclosed. As part of the funding, Sarva will gain access to over 20,000 minutes of music and meditation-based content provided via Myndstream, Cutting Edge’s record label. It will also…
Avail Finance, a Bengaluru-based financial care service provider for the unorganised workforce of India, announced that it has raised about Rs 87 crore in a Series B funding round, led by Falcon Edge Capital, as per Entrackr report. Existing investor Matrix Partners also participated in the funding round. Alphawave Incubation, which is managed by Falcon…
Fanspole, a Mumbai-based fantasy gaming platform, announced that it has raised a pre-seed funding from Better Capital, according to YourStory report. Financial details of the funding remain undisclosed. The social gaming startup will use the fresh funds for further product development and boost marketing. Fanspole also launched its fantasy sports app, which will enable anyone…
Phool.co, an IIT Kanpur-backed biomaterial startup, announced that it has raised $1.4 million in pre-Series A funding round led by IAN Fund and Kaplan Foundation, according to YourStory report. The Kanpur-based startup will use the funding to advance the research and scale the operations of the company. Founded in 2017 by Ankit Agarwal and Prateek…
Sovos Brands, a food company backed by global private equity firm Advent International, announced that it has signed an agreement to acquire the business of Birch Benders, a fast-growing producer of delicious, better-for-you Pancake and Waffle Mixes, Toaster Waffles, and Pancake and Baking Cups. The transaction is expected to be completed by the end of…
Byju’s, the Bengaluru-based online educational services provider that offers technology based education platforms for primary and secondary school subjects, overseas and domestic test preparation courses, engineering and medicine announced that it has raised $122 million from tech billionaire Yuri Milner’s investment fund DST Global. Byju’s has allotted 42,666 Series F preference shares to DST Global…
TrueFan, a celebrity fan engagement platform founded by former Warburg Pincus executives, announced that it has raised $4.3 million in funding. The first round of funding was led by Ronnie Screwvala, Mayfield India, and Saama Capital, as per ETtech report. For about Rs 50, users can play quizzes around their celebrities, and winners get a…
Synthego, the genome engineering company, announced that it raised $100 million in a Series D financing led by new investor Wellington Management, co-led by RA Capital Management and 8VC. Other investors that participated included Founders Fund, Menlo Ventures, and Intel Capital. This new round brings Synthego’s total private funding to more than $250 million. Also,…
Exprs, a Hyderabad-based last-mile logistics firm, announced that it has raised Rs 4.5 crore in seed funding, led by angel investors Sweta Rau and Sandeep Kapoor. LetsVenture, AngelList and DCF Advisory also participated in the current funding round, as per ETtech report. The Hyderabad-based firm is looking to set up over 500 nano distribution hubs…
PatientPop, the US-based market leader in practice growth technology, announced it has secured a Series C capital round of $50 million, led by HLM Venture Partners, one of the top healthcare venture firms in the country. New investors Commonfund and Vivo Capital, and existing investors Toba Capital, Transformation Capital, and Silicon Valley Bank also participated…
Redis Labs, the company behind Redis, the most popular open source database and the provider of Redis Enterprise, announced it has closed $100 million in Series F financing at a company valuation of more than $1 billion. The Series F funding was co-led by Bain Capital Ventures and TCV, with participation by the company’s existing…
WorldRemit, the global cross-border payments company, announced it has agreed to acquire Sendwave, a rapidly growing app-based remittance company in a cash and stock transaction that is expected to close, subject to licensing and regulatory approvals, in Q4 2020. Founded in 2014, Sendwave has built a leading and rapidly growing digital remittance service to East…
Weee!, the largest and fastest growing Asian e-grocer in the United States, announced $35 million in Series C financing led by DST Global; bringing the total capital raised to over $100 million. The new capital will be used to further accelerate the company’s nationwide expansion and recruitment efforts. Earlier this year, former Chief Operations Officer…