May 2018 - Bharat Go Digital

Month: May 2018

IAN’s First Fund Raises Rs 227 Crore

IAN’s First Fund Raises Rs 227 Crore     BENGALURU: The Indian Angel Network (IAN) has raised more than Rs 227 crore for the IAN Fund, its maiden fund, which aims at investing in early-stage startups to help them grow their business. With a total target of Rs 350 crore, which can be overshot by Rs 100 crore, IAN plans to close the fundraising in the next two quarters, said its founding partner Padmaja Ruparel. Along with institutional investors such as India Infoline, Yes Bank, Max Group, Grey Matters Capital and Hyundai, retail investors Kris Gopalakrishnan, Kanwal Rekhi and others...

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Rs 65 Cr Raised by Raw Pressery from Sequoia, Saama

Rs 65 Cr Raised by Raw Pressery from Sequoia, Saama     Raw Pressery, an Organic cold-pressed juice and beverage maker  has finalised an investment of Rs 65 crore (about $10 million) from existing investors Sequoia Capital, Saama Capital and DSG Consumer Partners as it looks to expand its footprint across international markets significantly. To raise an additional $5 million, this four-year-old beverage maker is also in talks with family offices and institutional investors. It is likely to close in the next 1-2 months. With this, the total capital raised by the firm stands at about Rs 152 crore, not...

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In Pre-Series A funding, QSR startup Charcoal Eats raises Rs 5 crore

In Pre-Series A funding, QSR startup Charcoal Eats raises Rs 5 crore QSR startup Charcoal Eats has raised Rs 5 crore in its pre-series A round of funding led by high networth individuals including Rajesh Ramanathan, Head of global growth at Mondelez, Vishesh Shrivastav from Temasek, Kush Verma of Asoka Capital, Sanjay Bhandarkar of Rothschild, Amit Gupta of New Quest Capital Partners, Sachin Khivasara of Bouyant Capital and others. After the completion of this round, the total capital raised which has been raised by Charcoal Eats, now stands at Rs 12 crore. The amount of money raised, will be used...

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Interview with Akash Sharma, Founder & CEO – Virtual Garage

  Bharat : How your company started? Akash :  Virtual Garage started with the hassle I faced while I was working the Symphony Ltd as the Technical Executive after being placed from the Campus as Mechanical Engineer. I wanted to get my bike Yamaha R15 being serviced but having the hectic schedule didn’t allowed me to get it done. So, It was the first time, I felt that this kind of service will be really in need in this kind of monotonous routines for the daily bike commuters. So from that instance I started to work upon the idea...

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Avaamo, an AI firm gets Rs 95 crore in Series-A funding 

Avaamo, an AI firm gets Rs 95 crore in Series-A funding     Avaamo, a Bengaluru based Artificial Intelligence startup, in a series-A round of funding led by Intel Capital has raised $14.2 million (about Rs 95 crore) . Ericsson Ventures, Mahindra Partners, Wipro Ventures and WI Harper also participated in the round. The Los Altos, California and Bengaluru-based company, which specialises in conversational interfaces to solve specific enterprise problems, plans to use the funding to expand its sales and marketing.With this fundraising, the company has, so far, raised $23.5 million. Avaamo CEO Ram Menon said, “We felt we should get...

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