Convosight, a SaaS based community management platform, announced that it has raised $4 million in its pre-Series A funding from IvyCap Ventures and Sequoia Capital’s accelerator fund Surge. The company plans to use the funds raised to strengthen its team across product and marketing functions as well as invest further to improve its technology and…
Flipkart, India’s leading e-commerce marketplace, announced that it has pumped an additional $28 million into PhonePe, taking the total infusion till date to $928 million, according to regulatory filings made by the Company’s Singapore-based parent. PhonePe Singapore is a fully-owned Flipkart Internet entity. “Walmart will continue to bankroll PhonePe,” said a person in the know.…
Tigerhall, a Singapore-based knowledge sharing platform, announced that it has raised $2 million in a funding round led by Sequoia Capital India’s scale-up programme Surge. Other investors in this round include the XA Network (formerly known as Xoogler Angels), Taurus Ventures, and angel investors. The company will use the funds for product development, new senior…
Finaureus Technologies Pvt. Ltd, a Pune-based Fintech startup, announced that it has raised pre-Series A funding from proprietary investment firm Pinetree Capital. Financial details of the funding remain undisclosed. The funding is part of the company’s pre-Series A round, Finaureus said in a statement. Finaureus was launched in 2017 to provide investment management solutions to…
Drink Prime, a Bengaluru-based water purifier startup, announced that it has raised over Rs 3.6 crore as part of its seed round of funding from a clutch of investors including Snapdeal founders, as stated in a media report. Angel investor Bharath Jaisinghani and Ankit Agarwal, who is the director at Innoven Capital, also participated in…
In these hard times when the global economy has been deeply impacted because of the Covid-19 pandemic, Sequoia India’s accelerator program Surge has invested in the Indian startups. The accelerator fund ‘Surge’ has backed 15 startups across India and Southeast Asia. Rajan Anandan, the executive who previously ran Google’s business in India and Southeast Asia,…
Guvi, a vernacular-language based Edtech startup owned by Guvi Geek Network Private Limited, announced that it has raised Rs 6 crore pre-series A funding from Education Catalyst Fund, an education-focused venture capital fund managed by CBA Capital. Earlier, the company had raised funds from US-based investor Gray Matters Capital. SP Balamurugan, the CEO at Guvi…
Dailyhunt, a Bengaluru-based news platform, announced it has raised Rs 38.27 crore from Sofina Group, a Belgium-based investment company. The current funding is an addition to its Series G funding that took place recently in which it had raised $23.5 million (approximately Rs 180 crore). Post this financing round, the company has raised a total…
LoadShare, the Bengaluru-based logistics startup, has raised Rs 15.3 crore funding as part of its ongoing Series B round, led by CDC Group of UK. Prior to this financing round, the company had raised a cumulative funding of $5 million with investors such as Matrix Venture Partners and Stellaris Venture Partners. Besides, it has also…
SaaSBOOMi, a community for software as a service (SaaS) companies in India, announced that it has launched an initiative to help startups raise unsecured working capital loans to better weather the economic downturn caused by the Covid-19 pandemic. For this initiative, SaaSBOOMi has partnered with Indifi, an NBFC that supports small businesses, to help entrepreneurs…
Nuvocargo, a trucking managed marketplace, announced that it has raised $5.3 million seed round of funding led by Silicon Valley-based NFX and Mexico City-based ALLVP. The seed round also saw participation from One Way Ventures, Maya Capital, Magma Partners, the co-founders of Rappi, the former CMO of Cabify and other angels. The company will use…
B9 Beverages, which owns and sells craft beer brand Bira 91, announced that it has raised $20 million in bridge financing from two of its existing investors– Sequoia Capital India and Belgium’s Sofina. Other investors that took part in the funding round include Korean private equity fund Neoplux and multiple family offices, whose names remain…
Expedia Group, an online travel company that provides hotel reservations, airline tickets, and vacation packages has said that it has raised $3.2 billion in fresh capital to boost its liquidity, in an effort to ride out a coronavirus-driven collapse in travel demand. Also, the company named its new CEO Peter Kern, who was earlier holding…
Indusface, a SaaS startup that provides IT security solutions has announced that it has received $5 million funding from Tata Capital Growth Fund II. The company will use the funding for global customer acquisition and product innovation. “We believe that the cybersecurity market will continue to see significant growth as securing digital assets becomes a priority…
Ansira Partners, Inc., an independent global marketing services and solutions company, announced that the company has completed the acquisition of the CDK Global Digital Marketing Business, which has been rebranded as Sincro. “The completion of the acquisition of Sincro further amplifies the breadth and depth of Ansira’s local marketing solutions, which is especially important today…