Grabr, a peer-to-peer marketplace that pairs travelers with international shoppers, has raised $8 million in a series A round of funding led by Foundation Capital, with participation from a number of angel investors, including Facebook executive Javier Olivan and Square’s product engineering lead, Gokul Rajaram. Founded out of San Francisco in 2015, Grabr is essentially a platform that connects travelers…
Meet Anders Boelskifte Mogensen, the co-founder and CEO of Gaest, Northern Europe’s largest online marketplace for listing, discovering and booking meeting spaces. Before Gaest, Anders co-founded a management consultancy that specialized in the business travel and hospitality industry. Anders is also the co-founder of the luxury Nordic boutique hotel Nordic Hotel in Abuja, Nigeria as well as an Executive Board…
Southeast Asia’s online budget hotel booking chain RedDoorz has raised pre-Series B funding of $11 million. The fundraise comes in as an additional investment from earlier investors Asia Investment Fund of Susquehanna International Group, International Finance Corporation (private investment arm of World Bank Group), InnoVen Capital, Jungle Ventures, as well as new investors DeepSky Capital, FengHe Group and Hendale Capital,…
Genetic diagnostics company MedGenome Labs has closed its Series C round of funding, at $40 million (Rs 266.11 crore), bringing in new investors HDFC Ltd, HDFC Life and HDFC Asset Management, the Bengaluru and California-based venture announced on Monday. According to a statement released by the company, MedGenome will use the proceeds to expand the clinical genomic testing market by…
Started by IIT Kharagpur graduates, agricultural inputs startup Gramophone has raised $1 million in pre-Series A funding. The startup works with farmers, providing them with agronomy services and the right inputs during the entire cropping cycle. Delhi-based agritech startup Gramophone has raised pre-Series A funding of $1million from InfoEdge. This is the company’s second round of funding. With this round…
Zomato, on Thursday, confirmed it had raised $150 million from Ant Financial, Alibaba’s payment affiliate. As a part of the deal, Ant Financial will also buy shares worth $50 million from investor InfoEdge, taking the total investment up to $200 million. With this deal, Zomato’s valuation has been pegged at $1.1 billion. According to a press statement by Zomato, the…
What do you want to do next? It’s a generic question. Managers ask it all the time—or at least the good ones do. And they’re usually not expecting a unique answer. People want more responsibility. More opportunities. To try a different office, or a different team, a different department. But what if you want something radically different? What if you…
At a time when American and Chinese investors are seeking supremacy over its booming startup ecosystem, India’s richest religious community has forayed into the sector, funding and nurturing entrepreneurship. The Jain International Trade Organisation (JITO), a network of influential industrialists, entrepreneurs, and professionals from the Jain community, hosted an Investor Pitch Day in Mumbai earlier this month. The idea was…
The auto industry is undergoing a massive shift as it ushers in the technologies behind electric and autonomous vehicles and onboard tech designed to improve or enhance the driving experience. But to fully understand how those changes are manifesting, and how they could evolve in the future, we have to first understand the startups and entrepreneurs driving those changes. The…
Smart today is undoubtedly the in-thing as far as simplifying things whilst making these more efficient is concerned. With next-gen startups having mushroomed across the world, answers to most of the plaguing issues have been easy to come by. Also, with venture capitalists, and angel investors having gotten very active in a bid to mentor the new age startups to…