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| Jan 01, 1970 | Daily Report |
| RISING BHARAT | News Count (102215) | |
22451. [Funding alert] Zoom's Eric Yuan and VC Bill Tai invest in B2B retail tech startup Arzooo
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- “Having one of the biggest tech entrepreneurs, who has built a $100 billion technology company with Zoom, is a great addition to the team. Alongside the investment, Eric’s entrepreneurial journey and experience will be a great intellectual capital for us.”
- The retail tech startup will use the funds to scale operations in the Eastern and Western regions of the country. It currently operates in Bengaluru, Delhi-NCR, Chennai, Kolkata, and Hyderabad. It will also channelise funds to ramp its tech platform, Go Store.
- The retail tech startup will use the funds to scale operations in the Eastern and Western regions of the country. It currently operates in Bengaluru, Delhi-NCR, Chennai, Kolkata, and Hyderabad. It will also channelise funds to ramp its tech platform, Go Store.
22452. [Funding alert] Instamojo raises fresh capital from Japan-based BASE, Singapore's Gunosy Capital
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- Instamojo, the Bengaluru-headquartered fintech startup, on raised an undisclosed round of funding from Tokyo-based ecommerce platform BASE and Singapore-based Gunosy Capital.
- Instamojo will use the funds to accelerate its growth engine as it plans to bring in newer products into the market along with plans of international expansion.
- Instamojo — which started as a payment gateway fintech startup — has now expanded into the segment of ecommerce enablement and providing loans. The ecommerce enablement is expected to become a key growth engine as more offline businesses, especially from the SME segment, are keen to have their presence online.
22453. [Funding alert] Thrive raises pre-Series A investment led by Whiteboard Capital, Ahimsa Capital
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- The Mumbai-based foodtech startup has raised pre-series A funding led by Whiteboard Capital, and a few marquee angel investors. The funds will be used to add more restaurants to the platform and expand the product offering.
- "We quickly understood the reality for our business and the industry we serve had changed. We immediately went back to the drawing board and spoke to our customers to understand how this new normal will shape up. Thrive is a restaurant-first solution that will not only allow them to survive the harsh reality of the pandemic but also thrive in it."
- Thrive's solution allows restaurants to share their digital ordering links with their customers to order from Instagram, Facebook, WhatsApp, and SMS in a few clicks. Prior to founding Thrive, the co-founders had built Hashtag Loyalty, a customer engagement and loyalty tool is used by 1000s of restaurants pan-India. The platform forms the backbone of Thrive.
22454. [Funding alert] Udemy raises $50M from leading global edtech and growth funds
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- The company said funds raised from will enable the company to continue to grow its consumer and business product offerings to serve the world's learners, organisations, and instructors.
- As countries enacted stay-at-home advisories and national closures, course enrolments across the entire Udemy marketplace platform increased more than 425 percent, consumption across Udemy for Business surged 90 percent, and the company saw a 55 percent increase in course creation by instructors.
- "Our latest investment underscores our continued confidence in the company. We believe Udemy has the right platform and business architecture to dramatically extend its growth as individuals and companies recognise the power of lifelong learning to drive personal and corporate performance," Rob Hutter, Managing Partner at Learn Capital, said.
22455. [Funding alert] Edtech startup Lancify raises $300K from Techstars, Under 25, others
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- Edtech major BYJU's is raising about $200 million (about Rs 1,483 crore) in fresh funding from investors, including BlackRock and T Rowe Price.
- In June, BYJU's had raised funding from global technology investment firm BOND, while in February, it had raised about $200 million in funding from General Atlantic
- The BYJU's app has over 70 million registered students and 4.5 million annual paid subscriptions. The company has doubled its revenue to Rs 2,800 crore in FY19-20 from Rs 1,430 crore in the previous fiscal.
22456. एडटेक स्टार्टअप बायजू को मिला इस साल का पांचवां निवेश, कंपनी का वैल्यूएशन 89 हजार करोड़ रुपए हुआ
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- बायजू ने 2020 के पहले 9 महीनों में 11.11 हजार करोड़ रुपए का निवेश जुटाया यह 2019 में जुटाए गए 40.9 करोड़ डॉलर से चार गुना अधिक है
- ऑनलाइन एजुकेशन स्टार्टअप बायजू ( Byju's) को इस साल का पांचवां निवेश मिला। मीडिया रिपोर्ट्स के मुताबिक नवंबर में अमेरिका की दो इन्वेस्टर फर्म ने बायजू में निवेश किया।
- टी रो प्राइस (T Rowe Price) और ब्लैकरॉक (Blackrock) ने 20 करोड़ डॉलर (1.48 हजार करोड़ रुपए) का निवेश किया है। इससे बायजू का वैल्यूएशन कैप 12 बिलियन डॉलर (88.95 हजार करोड़ रुपए) हो गई है।
22457. [Funding alert] Risk management startup SignalX raises Rs 6 Cr in seed round led by 3Lines VC’
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- Hyderabad-based AI-powered governance risk management and compliance startup SignalX has raised Rs 6 crore in seed round led by 3Lines VC. 9Unicorns and a US-based VC fund, with Hyderabad angels as a co-investor also participated in this round.
- Founded in 2018 by Govind Balachandran, Zakir Wahab, and Piyush Arora, SignalX offers an AI-powered SaaS platform for corporate risk and due diligence for a comprehensive financial, legal, regulatory, and reputational risk analysis on any given target company.
- It claims to offer its product with a fast turnaround and high-quality research capabilities.
22458. [Funding alert] Accel Partners leads Rs 27 Cr pre-Series A round in debt resolution startup Credgenics
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- Founded in 2018 by IIT Delhi alumni Rishabh Goel, Anand Agrawal, and Mayank Khera, Credgenics is a SaaS-based collections and legal automation platform aiming to solve India’s $200 billion+ bad debt problem.
- The startup is already working with all the major private sector banks including ICICI Bank, IDFC First, Axis Bank, and Yes Bank and over 32 NBFCs including Loantap, DMI Finance, Clix Capital, Udaan, Moneytap, Moneyview etc.
- New Delhi-based debt resolution startup Credgenics has raised Rs 27 crore ($3.5 million) in a pre-Series A round led by Accel Partners, DMI Alternatives fund with participation from existing investors Titan Capital.
- According to Bipin Shah, Partner, Titan Capital, “Credgenics is definitely on a mission to solve Bharat’s growing bad loans collections problem, which let us close the seed round last year into the company within a week.
22459. [Funding alert] Venture Catalysts leads a 2Cr investment in trading platform AlgoBulls
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- Venture Catalysts, an integrated incubator and accelerator platform, has recently invested in Mumbai-based algorithmic trading platform AlgoBulls.
- Founded in 2019 by Pushpak Dagade, Jimmit Patel and Suraj Bathija, AlgoBulls provides automated, customized, and professional experiences of trading in stock markets to all.
- The funds would be primarily used for setting up teams across technology and operations divisions and Sales and Marketing. It would also help explore opportunities in other countries like the US in the coming months.
22460. [Funding alert] App-based bus service provider Cityflo raises Rs 57 Cr led by Lightbox
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- Cityflo, an app-based bus service that provides a commute experience for corporate professionals in Mumbai, has raised Rs 57 crore in Series A funding led by Lightbox Ventures.
- Cityflo was founded with the vision of solving the problem of long and stressful office commutes for professionals in our cities.
- The startup is also working towards skilling drivers with regard to customer service etiquette, soft skills and grooming, among other aspects. It will also be launching a facility soon where bus drivers can park their buses at the end of the day to rest and recuperate.
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