Posts filtered by tags: Blume Ventures[x]


Twitter explored buying India’s ShareChat and turning Moj into a global TikTok rival

Twitter recently held talks to acquire Indian social media startup ShareChat as the company explored ways to expand its presence in the world’s second largest internet market and build a global rival to TikTok, three sources familiar with the matter told TechCrunch. The American firm, which is already an , offered to buy the Indian startup for $1.1 billion and had committed an additional investment of $900 million, two of the sources said. The talks are no longer ongoing, two sources said, requ...
Tags: Google, Social, Facebook, Apps, Asia, Twitter, Instagram, Tinder, India, Tech, Match, MoJ, Match Group, Blume Ventures, Appannie, Snap

Leverage Edu raises $6.5 million to help Indian students land in top colleges abroad

Each year, millions of students in India rush to get an admission in universities abroad. Often they don’t know which program they should focus on, or the college that is right for their skillset and ambition. Scores of legacy and newfound firms are attempting to offer counselling to these students. But despite India accounting for more students than any other country, most firms aiming to address this challenge are not focused on India, and struggle to understand some unique problems students f...
Tags: Asia, UK, Education, Australia, India, Funding, Tech, Delhi, Blume Ventures, Nps, Akshay, DSG Consumer Partners, Chaturvedi, Leverage Edu, Akshay Chaturvedi, Rohini Prakash

India’s insurance platform Turtlemint raises $30 million

Turtlemint, an Indian startup that is helping consumers identify and purchase the most appropriate insurance policies for them, has raised $30 million in a new financing round as it looks to reach more users in small cities and towns in the world’s second largest internet market. The new round, the five-year-old Mumbai-headquartered startup’s Series D, was led by GGV Capital . American Family Ventures, MassMutual Ventures and SIG, and existing investors Blume Ventures, Sequoia Capital India...
Tags: Apps, Asia, Finance, India, Funding, Tech, Goldman Sachs, Payments, Mumbai, Nexus Venture Partners, Blume Ventures, Ggv Capital, MassMutual Ventures, ICRA, Sig, Turtlemint

Rebranded and funded, powerful lead app Auctm grows by $5M

Five-star rated, lead-empowerment app SquadVoice has rebranded from the top down upon Series A funding. The company is called SqaudStack, and the product is now Auctm.
Tags: Technology, Marketing, Radio, Teams, CRM, Blume Ventures, Industry News, Select, News Brief, Real Estate Technology, Series A Funding, PROPtech, Chiratae Ventures, Squadvoice, Auctm, Lead Apps

Blume Ventures’ Karthik Reddy on Indian startup ecosystem, geo-political tension with China and coronavirus

Despite the coronavirus outbreak, which has slowed down deal-making across the world, dozens of startups in India have raised considerable amounts in recent months. Unacademy, which raised $110 million in February, closed a new round of $150 million this month. These large check sizes, and the frequency at which they are being bandied out, were almost unheard of in India just 10 years ago. The list of problems these local startups were solving then was also quite smaller back in the day. Kart...
Tags: Startups, Asia, Hong Kong, China, India, Venture Capital, Alibaba Group, Zomato, New Delhi, Bangalore, Blume Ventures, Disrupt, Techcrunch Disrupt, Reliance Jio, Reddy, Jio

Presenting TechCrunch Disrupt’s Asia sessions

As you know by now, Disrupt is going completely virtual for its 10th anniversary. TechCrunch’s Asia team (me, Rita Liao and Manish Singh) will miss seeing everyone in Moscone Center, but this will be the most accessible Disrupt ever, and we are excited to bring a full roster of Asia-focused sessions to its agenda for the first time. The sessions, with people from some of Asia’s most influential tech companies, startups and investment firms, will be broadcast during the day in this part of the wo...
Tags: Apple, Startups, TC, Uber, Asia, Japan, Indonesia, China, Southeast Asia, Singapore, India, United States, Moscone Center, Blume Ventures, China India, Manish Singh

India’s first Earth-imaging satellite startup raises $5 million, first launch planned for later this year

Bengaluru-based Pixxel is getting ready to launch its first Earth imaging satellite later this year, with a scheduled mission aboard a Soyuz rocket. The roughly one-and-a-half-year old company is moving quickly, and today it’s announcing a $5 million seed funding round to help it accelerate even more. The funding is led by Blume Ventures, Lightspeed India Partners, and growX ventures, while a number of angel investors participated. This isn’t Pixxel’s first outside funding: It raised $700,000 in...
Tags: Google, Startups, TC, Space, Learning, India, Tech, Earth, Artificial Intelligence, Satellite, Louisiana, Spaceflight, Aerospace, TechStars, Mentorships, Bengaluru

India’s Byju’s acquires WhiteHat Jr. for $300 million

Byju’s has acquired edtech startup WhiteHat Jr. for $300 million as the Indian online learning giant looks to expand its dominant reach in the country. The all-cash deal makes 18-month-old Mumbai-headquartered WhiteHat Jr., which offers online coding classes to school-going students, the fastest exit story of this size in Indian startup ecosystem. WhiteHat Jr., which had raised about $11 million from Omidyar Network and Nexus Venture Partners, has achieved a revenue run rate of $150 million. It ...
Tags: Fundings & Exits, TC, Facebook, Asia, India, US, Tech, New Zealand, Mumbai, Blume Ventures, Osmo, Karan, Bajaj, Vedantu, Byju, Byju's

Classplus raises $9M to grow its Shopify-like platform for teachers and coaching centers in India

An India-based startup that has built a Shopify -like platform for coaching centers to accept fees digitally from students, and deliver classes and study material online has received the nod — and capital — from a number of high-profile investors. The business-to-business startup, called Classplus, said on Monday that it has raised $9 million in its Series A financing round led by RTP Global, a prolific investor in early stage startups. Existing investors Blume Ventures, Sequoia Capital India’...
Tags: Apps, Asia, Education, India, Funding, Narendra Modi, Tech, Sequoia Capital, Shopify, Blume Ventures, Kirill Kozhevnikov, RTP Global, Classplus, Mukul Rustagi, Rustagi

Startups, VCs in India request ‘relief package’ from the government to fight coronavirus disruption

More than six dozen startup founders, venture capitalists, and lobby groups in India have requested the government to grant them a “robust relief package” to help combat severe disruptions their businesses face due to the coronavirus outbreak. In a joint letter to India’s Prime Minister Narendra Modi, startups requested the government to bankroll 50% of their workforce’s salaries for six months, provide interest-free loans from banks, waive rent for three months, and offer tax benefits among ...
Tags: Startups, Asia, UK, Government, India, Narendra Modi, Tech, Venture Capital, Zomato, Sequoia Capital, Donald Trump, New Delhi, Vijay Shekhar Sharma, Ritesh Agarwal, Blume Ventures, Paytm

Fund raising in the time of Covid19: AMA with Karthik Reddy of Blume Ventures

[…] More The post Fund raising in the time of Covid19: AMA with Karthik Reddy of Blume Ventures appeared first on NextBigWhat.
Tags: Business, Blume Ventures, Ama, Indian Startups, Karthik Reddy

Indian tech startups raised a record $14.5B in 2019

Indian tech startups have never had it so good. Local tech startups in the nation raised $14.5 billion in 2019, beating their previous best of $10.5 billion last year, according to research firm Tracxn . Tech startups in India this year participated in 1,185 financing rounds — 459 of those were Series A or later rounds — from 817 investors. Early stage startups — those participating in angel or pre-Series A financing round — raised $6.9 billion this year, easily surpassing last year’s $3.3 bil...
Tags: Google, Fundings & Exits, Startups, Facebook, Apps, Y Combinator, Asia, Southeast Asia, India, Funding, Tech, Venture Capital, Private Equity, Goldman Sachs, Sequoia Capital, TechStars

Locus picks up $22 mln Series B

Locus, a supply chain optimization company, has secured $22 million in Series B funding. The investors included Falcon Edge Capital, Tiger Global Management, Exfinity Venture Partners and Blume Ventures. Source: Press Release
Tags: Trends, Blume Ventures, VC Deals

India’s Locus raises $22 million to expand its logistics management business

Locus, an Indian startup that uses AI to help businesses map out their logistics, has raised $22 million in Series B funding to expand its operations in international markets. The financing round for the four-year-old startup was led by Falcon Edge Capital and Tiger Global Management . Existing investors Exfinity Venture Partners and Blume Ventures also participated in the round. The startup has raised $29 million to date, Nishith Rastogi, co-founder and CEO of Locus, told TechCrunch ...
Tags: Startups, Ecommerce, Asia, Enterprise, Entrepreneurship, Finance, India, Funding, Tech, Economy, Companies, Artificial Intelligence, Venture Capital, Private Equity, Logistics, Flipkart

Uber begins trialing e-bikes and bicycles rides in India

Uber has partnered with bicycle sharing platform Yulu in India as it looks to grab a piece of the growing e-bikes market that is increasingly posing a challenge to taxi services in the nation. The San Francisco-headquartered firm, which is expected to go public later this week, said it will provide its users in Bengaluru with Yulu’s e-bikes and bicycles as part of a pilot. The announcement, financial details of which were not disclosed, comes days after users in Bengaluru began to spot Yulu’s...
Tags: Travel, Startups, Transportation, Uber, Asia, Southeast Asia, India, Softbank, San Francisco, Automotive, Uber India, Flipkart, Hyderabad, Bengaluru, Amit Gupta, Inmobi

Flipkart co-founder and other top names join AngelList’s first investment syndicate in India

A little over a year after it introduced Syndicates to the India market, AngelList — the U.S. service that helps connect companies with investors — is rolling out its own fund in the country with the backing of some stellar names. Dubbed ‘The Collective,’ the syndicate includes money from Flipkart co-founder Binny Bansal — Flipkart, of course, sold a majority stake to Walmart for $16 billion last year — and VCs Salil Deshpande of Bain Capital Ventures, Matrix India trio Avnish Bajaj, Tarun Davda...
Tags: Fundings & Exits, Asia, India, Funding, Tech, Walmart, Venture Capital, Sequoia Capital, Flipkart, DST Global, Bain Capital Ventures, Blume Ventures, Kalaari Capital, Falcon Edge Capital, Angellist, Omidyar Network

NAMA Digest: Developments at Delhivery, Zomato, Paytm, Hotstar and more

A quick roundup of the developments in the Indian and international digital, tech and business ecosystem. Funding & investments Softbank has invested $350 million in logistics company Delhivery via its Cayman Islands entity SVF Doorbell (Cayman), reports the Economic Times. Delhivery has issued... ...
Tags: Travel, Mobile, Facebook, Ecommerce, Uber, News, Instagram, Privacy, Internet, Investments, Softbank, Netflix, Mergers & Acquisitions, Zomato, Flipkart, UPI

Benhamou Global promotes Hemaraj to partner

Benhamou Global Ventures said Sept. 18 that it promoted Yashwanth Hemaraj to Partner in Palo Alto. The firm hired Susan Boehnlein as its CFO, while Sarah Benhamou joined as an associate. The early-stage VC firm said it is also launching Arka Venture Labs in partnership with Blume Ventures and Emergent Ventures. PRESS RELEASE Palo Alto, CA –  September 18, 2018 – Benhamou Global Ventures (BGV), an early-stage venture capital firm with deep Silicon Valley roots and an exclusive focus on the digita...
Tags: Asia, California, France, India, Israel, US, San Francisco, Trends, People, Palo Alto, Pwc, Silicon Valley, Louisiana, University Of Maryland, Sarah, Blume Ventures

A Singapore-based warehouse robotics startup just raised $140 million

This story was delivered to Business Insider Intelligence IoT Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. Singapore-based warehouse robotics startup GreyOrange has raised $140 million in Series C funding, according to  TechCrunch . The most recent round of investment, which builds on the $30 million the startup previously raised, included participation from Mithril Capital, Flipkart founder Binny Bansal, and Blume Ventures....
Tags: Amazon, Singapore, US, Trends, Greyorange, Blume Ventures, Binny Bansal, Business Insider Intelligence, Kuka, Kiva Robotics, CommonSense Robotics, Exotec Solutions, Mithril Capital Flipkart, Singapore India Japan Germany

GreyOrange rallies $140 mln Series C

Singapore-based GreyOrange, a maker of advanced robotics systems for automation in distribution and fulfillment centers, has secured $140 million in Series C funding. Mithril Capital led the round with participation from other investors that included Blume Ventures. In addition to the funding, Ajay Royan, co-founder and managing general partner of Mithril Capital, will join the GreyOrange board. Source: Press Release  
Tags: Trends, Blume Ventures, VC Deals, Ajay Royan, Mithril Capital

GreyOrange raises $140M to develop fully-automated robotics for warehouses

GreyOrange, a Singapore-headquartered firm that develops robots for warehouses, has pulled in a $140 million Series C funding round as it targets more expansion and growth. The company was started in 2011. Today it has five regional offices across the world — covering India, Singapore, Japan, Germany, and the U.S. — three R&D centers and more than 60 ‘installations’ of its tech with retail customers worldwide. Right now, GreyOrange’s two main products are a robot ‘butler’ that moves heavy she...
Tags: Amazon, Fundings & Exits, Asia, Japan, Money, Finance, Germany, Boston, Singapore, India, Funding, Tech, Atlanta, Walmart, United States, Peter Thiel

Unacademy gets Series C funding of $21M from Sequoia India & others

Education technology startup Unacademy has raised  Series C funding of $21 Million from Sequoia India, SAIF Partners and Nexus Venture Partners. Existing investors including Blume Ventures also participated in the round. The company will use the funds to onboard new educators on the platform,... ...
Tags: Travel, News, Education, Funding, Edtech, eLearning, Blume Ventures, Sequoia India, Unacademy

Online learning platform Unacademy gets $21M Series C from Sequoia India, SAIF and Nexus

Unacademy founders Roman Saini, Gaurav Munjal and Hemesh Singh Bangalore-based Unacademy will add more educators to its online learning platform, which claims to be India’s largest, after closing a $21 million Series C. The funding comes from Sequoia India, SAIF Partners and Nexus Venture Partners, with participation from Blume Ventures (all four firms are returning from Unacademy’s Series B last year). Originally a YouTube channel created in 2010 by Gaurav Munjal, Unacademy was officially laun...
Tags: Fundings & Exits, Startups, TC, Education, India, Tech, Edtech, Nexus Venture Partners, Online Learning, Blume Ventures, Saif, Unacademy, Sequoia India SAIF, Roman Saini Gaurav Munjal, Hemesh Singh Bangalore, Sequoia India SAIF Partners

Truecaller makes first acquisition to build out payment and financial services in India

Sweden’s Truecaller started out life as a service that screens calls and messages to weed out spammers. In recent times the company has switched its focus to India, its largest market based on users, adding services that include payments to make it more useful. Now Truecaller is putting even more weight behind its India push after it announced its first acquisition, mobile payment service Chillr. The vision is to go deeper into mobile payments and associated services to turn Truecaller into a...
Tags: Fundings & Exits, TC, Apps, Asia, Technology, Sweden, India, Social Media, Tech, Banking, Whatsapp, Software, Payments, Sequoia Capital, Truecaller, Blume Ventures

Reasons B2B Marketplace Became Such a Big Presence in Ecommerce

Business and finance horizons have been changed with the entry of ecommerce around the world. We can attribute this change to the rapidly evolving digital technology. Competition has heated up as well and the consumer demands are more sophisticated than ever before. These changes are what led to the birth of the B2B economy. By Rakesh Jain What is a B2B Marketplace? A platform that trades between two individual businesses is termed as a B2B marketplace. This isn’t the regular Business to cons...
Tags: Business, Sales & Marketing, Bengaluru, Blume Ventures, New Enterprise Associates, Right Now, Shopclues, Rahul Gupta, Mswipe, Rakesh Jain, India Services, Wydr, Swati Gupta, Trifecta Capital Wisepad Another, Wisepad, Myntra McDonalds ICICI Securities

Botmetric gathers $3 mln Series A

Santa Clara, California-based Botmetric, an AI-powered cloud management platform helping digital businesses simplify and optimize their cloud services, has raised $3 million in Series A funding. Blume Ventures, a Draper Venture Network fund, led the round. PRESS RELEASE Santa Clara, Calif— Botmetric, a leading AI-powered cloud management platform helping digital businesses simplify and optimize their cloud services, today announced that it has raised series A of $3 million led by Blume Ventures,...
Tags: Stanford, India, US, Samsung, Trends, Asia Pacific, Silicon Valley, North America, News Corp, Santa Clara, Bangalore, Blume Ventures, Blume, Santa Clara California, Santa Clara Calif, Mumbai Angels

Health tech company Grow Fit raises $4.5M from Manipal Group

Mobile health tech company Grow Fit  has raised $4.5 million in Series A funding led by MEMG (Manipal Education and Medical Group), the PE arm of the Manipal Group, with participation from existing investors The SAR Group and The Grover Trust. Ranjan Pai, MD and CEO of MEMG, will join the board of Grow Fit. Founded in September 2015, Grow Fit provides nutrition and diet counselling, skin and hair care remedies, counselling and therapy through its chat-based coaching programme. The company...
Tags: Travel, Health, Mobile, News, Internet, Investments, Bangalore, Blume Ventures, Kalaari Capital, SAR Group, Manipal, Grow Fit, Manipal Group, MEMG Manipal Education and Medical Group, The Grover Trust Ranjan Pai MD, MEMG

Mobile gaming startup Mech Mocha raises $5M led by Accel, Shunwei Capital

Bangalore-based Mech Mocha, a mobile gaming startup has raised $5 million in a series A round of funding led by Accel Partners and Shunwei Capital with additional participation from existing investor Blume Ventures. The company will use the funds to develop new mobile game titles across casual and mid-core gaming categories for the Indian audience. It will also invest in behavioural analytics, multiplayer gaming, LiveOps (a marketing structure for gaming sector), and for monetization. Mech Moch...
Tags: Travel, Google, Mobile, Gaming, News, Sweden, India, Flipkart, Accel Partners, Bangalore, Blume Ventures, Shunwei Capital, Reliance, Starbreeze, Reliance Entertainment, IIT

Tim Draper is backing Indian startups again with Blume Ventures alliance

 An early stage fund that’s becoming a major player in India’s burgeoning tech scene, Blume Ventures, has joined the Draper Venture Network, the investors announced on Monday. Members of the DVN collaborate on investments, share business intelligence and syndicate their deals to firms in Silicon Valley, with portfolio services provided by a local team there. DVN claims that… Read More
Tags: Fundings & Exits, Startups, TC, India, Tech, Venture Capital, Silicon Valley, Tim Draper, Blume Ventures, Indian Startups, Draper Venture Network, Locus Robotics, RailYatri, DFJ India, Gabe Turner, Grey Orange Robotics

NowFloats secures $10 million funding from Iron Pillar, IIFL & others

Hyderabad based NowFloats, which helps local businesses get online, has raised $10 million in a Series B round of funding from Iron Pillar and IIFL (Seed Ventures Fund I & Cash Opportunities Fund), and existing investors Blume Ventures & Omidyar Network. The company will use the funds primarily for customer support and engagement and better it’s technology platform. It mentions that it will invest in a hybrid automated and human interaction support system and start offering SMEs an automated SE...
Tags: Travel, Google, Mobile, Facebook, News, Internet, Investments, E-commerce, Hyderabad, Blume Ventures, Mumbai Angels, Hyderabad Angels