Here is a list of top funding deals that happened in Startup Ecosystem this week. Check out the brief description about all of them.
Workplace messaging app Slack has raised $250 million from SoftBank Group and other investors in its latest funding round, boosting the company’s valuation to $5.1 billion. The latest fundraising, led by SoftBank through its giant Vision Fund and joined by Accel and other investors, has lifted Slack’s total funds raised to $841 million.
Power2SME has secured an additional $36 million in capital for its Series E Financing round, in order to continue its meteoric growth and dominance as a B2B Digital Ecosystem platform for SMEs. The latest round, representing the largest deal size for Power2SME, is a co-investment by its existing investors Inventus Capital Partners, Accel, Kalaari Capital and Nandan Nilekani with participation from IFC, a member of the World Bank Group.
Securonix, the market leader in big data security analytics, announced that it raised $29M in Series A funding to fuel its accelerating growth and leadership in the user behavior analytics, next-gen security information and event management (SIEM), and log management market spaces. The company will use the funding to extend its investment in technology innovation, and expansion in domestic and global markets.
The funding round was led by Volition Capital. Roger Hurwitz of Volition Capital will be joining the Securonix Board of Directors. Eight Roads Ventures also participated in the round.
91springboard, India’s first and most established coworking space provider, has announced the completion of a funding round from Sandway Investment Ltd, Pearl Brook Holdings, AMA Holdings, Silo Holdings and Al Nour. This takes the total funding raised by the company to $20 million+. 91springboard is a leader in the coworking space in India, with 2000+ companies working out of 91springboard’s hubs. The list includes, apart from startups, investors like 500startups, pi Ventures, Mumbai Angels; large international companies like Tokopedia and CBRE; and well-funded companies like Rivigo.
Minio, a provider of open source object storage for cloud-native and containerized applications, today announced $20M in Series A funding jointly led by Dell Technologies Capital, General Catalyst Partners and Nexus Venture Partners, with participation by Intel Capital, AME Cloud and Steve Singh. Funding will be allocated to accelerating product development, company growth and keeping pace with rapidly growing industry demand. The company also announced today its multi-cloud object storage offering, bringing Amazon S3 compatible object APIs to all cloud-native environments.
InnoVen Capital, Asia’s leading venture debt firm, recently closed a cross-border funding deal of Rs.100 crores ($15.4 million) with Yatra. Yatra.com is India’s leading online travel Company and provides a full range of travel-related services such as domestic and international air ticketing, hotel booking, homestays, holiday packages, bus ticketing, rail ticketing, activities, attractions and ancillary services. Yatra recently announced the acquisition of Air Travel Bureau Ltd., which is India’s largest independent corporate travel services provider, making the combination the largest corporate travel services platform in India. This financing round by InnoVen Capital is the largest venture debt funding provided to any Indian business and also the largest venture debt deal funded by any venture debt firm in India.
Gaya-based rural financial services provider Save Solutions Pvt. Ltd (SAVE) on Tuesday said it has raised $6 million in a series A round of funding from international impact investor Incofin Investment Management.
Incofin, which has almost $850 million of assets under management, has invested in SAVE through its latest fund, AGRIF, which focuses on agricultural and financial services businesses.
Bangalore-based start-up, Homergize, a technology- based sourcing and services company, that caters to all construction and remodeling needs of customers and businesses, has raised INR 6.5 crore in pre-series A round of funding.
LG Chandraskhar – investor, social entrepreneur and Founder of Sutures India, a medical device company has invested in Homergize. The company fosters an E-marketplace and eco-system that promotes efficiency and enhances value in construction, interior design and home-improvement domains.
Fireside Ventures, the Lead Investor in Honasa Consumer Pvt Ltd ‘s brand Mamaearth have lead the second round of funding in the company. Mamaearth has raised $1 million to fund the brand’s innovation pipeline for entering into more categories with safer & healthier products for babies & mother starting with the launch of ‘Traditional Recipes’ by Mamaearth a range of wellness solutions for mothers including herb teas & supplements.
Bengaluru-based Chimple Learning, a two-year-old self-funded startup has just won a $1 million ‘milestone prize’ for becoming one of five finalists in the Global learning XPRIZE, which was provided $15 million by none other than Elon Musk.
Chimple is part of Zoolore Learning Foundation, a non-profit organization in India dedicated to radically improve children’s learning. Chimple was selected to be one of the five finalists, from an initial pool of 198 entries across the world.
Apart from these top 10 funding deals, here are a few startups which have also secured funding for their growth and expansion:
Amishi Consumer Technologies Pvt. Ltd, which runs pregnancy and baby care products firm The Moms Co., has raised $1 million (Rs 6.5 crore) in a Series A round of funding co-led by DSG Consumer Partners and Saama-Capital.
One year old HR tech startup Shortlist has raised a seed investment of $1 million (around Rs 6.4 crore).
Omni-channel web commerce solutions provider, Ace Turtle Services Pvt Ltd, has raised funding from InnoVen Capital.
eSports Gaming Company GamingMonk has Raised Funding from advantEdge
Enterprise communication platform Noticeboard has picked up funding from two angel investors, Aprameya Radhakrishna, co-founder of TaxiForSure and Shamik Sharma, former CTO of Myntra.
Scalable technology solutions provider iauro systems pvt ltd has raised an undisclosed amount of funding from micro venture capital firm Speciale Invest.
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