Deals this week

Deals this week

Aasaanjobs raises seed funding of $1.5 millionAasaanjobs, a recruiting platform for entry level jobs, has raised $1.5 million (Rs 9.2 crore) of seed funding from Inventus Capital Partners and IDG Ventures India. The funds will be used to hire manpower and for product development.Aasaanjobs was founded in 2013 by Dinesh Goel and a group of IIT-Bombay alumni. The firm … [Read more...]

TinyOwl raises $3 million from Sequoia and Nexus

TinyOwl raises $3 million from Sequoia and Nexus

TinyOwl, a location based food ordering platform has raised $3 million in a first round of funding from Sequoia Capital and Nexus Venture Partners.The funds raised will be used to penetrate its presence in Mumbai and expand to other metros.TinyOwl was founded in 2014 by five IIT Bombay alumni including Harshvardhan Mandad and Gaurav Choudhary. Available on Android and … [Read more...]

Grofers expands to Bengaluru and raises capital to fuel further growth

Grofers expands to Bengaluru and raises capital to fuel further growth

Grofers, a hyper local delivery service that started in Delhi NCR has expanded its presence to Bengaluru after having set-up in Delhi NCR and Mumbai.Grofers recently raised its first round of funding from Sequoia Capital has 140 of its employees spread across the cities, shuttling over 1,500 deliveries from local stores to consumers. The company has also launched Grofers … [Read more...]

Zomato raises Rs 371 crore led by Vy Capital and Info Edge

Zomato raises Rs 371 crore led by Vy Capital and Info Edge

Zomato, an online restaurant discovery service has raised $60 million (Rs 371 crore), giving the company a post-money valuation of $660 million. This round of funding was jointly led by Vy Capital and Info Edge (India) Limited along with participation from Sequoia Capital.The funds will be used for Zomato's global expansion and new product development. Zomato plans to … [Read more...]

Zoomcar raises $8 million venture funding led by Sequoia Capital

Zoomcar

US based venture fund Sequoia Capital has invested $8 million (about Rs 48 crore) in Zoomcar along with other investors. Zoomcar is a Bangalore based self-drive car rental company.Sequoia was joined by Zoomcar’s early backers such as Empire Angels, FundersClub and Basset Investment Group, and funds advised by Triangle Growth Partners, who have raised their stake in this ro … [Read more...]

AdNear raises $19 million in Series B funding

AdNear

Sydney’s telecom company Telstra and Tokyo-headquartered Global Brain has funded AdNear $19 million (Rs 116 crore) for global expansion. Both its existing investors, Sequoia Capital and Canaan Partners, also participated in the funding.AdNear, a location-based mobile advertising platform has the technology that can track user's location without the need of GPS or operators. … [Read more...]

Truecaller Gets $60 Million in series C Funding

Truecaller

Truecaller, a start-up based in Stockholm, has received $60 Million in Series C funding from Atomico, Kleiner Perkins Caufield & Byers (KPCB), and Sequoia Capital.Truecaller, which has about 60 employees, has over 85 million users worldwide. About half of its users are based in India. The company has several million American users and plans to use the new investment to … [Read more...]

NewsHunt gets Rs 100 crore funding from Sequoia Capital India

NewsHunt

Verse Innovation, which owns local-language mobile platform NewsHunt, has raised more than Rs 100 crore from Sequoia Capital India. Its existing investors Matrix Partners India and Omidyar Network have also been a part in this second round of funding.There has been a rise in demand for regional language content in smart phones and this investment comes at the right time to … [Read more...]

FreeCharge raises Rs 200 crore in Series B funding

FreeCharge

FreeCharge, an online mobile recharge portal, has raised $33 million (around Rs 200 crore) in Series B funding from existing investor Sequoia Capital, Belgium-based investment firm Sofina, and Russian Internet and technology investor RuNet.The funds will be used to build an advertising platform to capture online and offline purchase behavior and brand preferences of … [Read more...]

Knowlarity geared-up for International Expansion with New Funds

Knowlarity Communications Pvt. Ltd.

Gurgaon-based cloud telephony company Knowlarity Communications Pvt. Ltd. raised $16 million in its second round of funding led by Mayfield Advisors. Sequoia Capital also participated in the round."I just signed the deal. It will help us in our international expansion and scale up research and development," said Ambarish Gupta, 37-year-old chief executive of Knowlarity. … [Read more...]