News Archives - Page 8 of 9 - MediaCatalyst : News - Opinion

18 Dec

KFC India Pledges to Help 500 Restaurants with Business Revival by 2022

MediaCatalyst0 CommentsCSR, NewsKFC India, KFC's India Sahyog Program

New Delhi, Dec. 18, 2020: The ongoing pandemic has had far-reaching effects on the foodservice industry and even more on small restaurants & local food businesses; with many fighting a grim battle for basic survival. With an aim to give back to the community it operates in and support local food businesses in the country, KFC India today announced KFC’s India Sahyog program. Designed to help local and small food joints to revive their business as they work to overcome the impact of Covid-19, the program will be executed in association with Food Safety and Standards Authority of India (FSSAI) and National Restaurant Association of India (NRAI).…

18 Dec

Razorpay Announces Plans to Achieve $50 Billion TPV by 2021

MediaCatalyst0 CommentsBanking, Finance, Insurance, NewsRazorpay

New Delhi, Dec. 18, 2020: Razorpay today announced its plans to achieve $50 Billion TPV (Total Payment Volume) by the end of 2021 and further solidify its position as one of the largest full-stack fintech company in the country. The company launched a string of products, aimed at empowering the next phase of digital growth for Small Businesses in India. These products were launched today at the Third edition of FTX, its flagship fintech conference that brought together 50+ thought-provoking speakers and was virtually attended by 10,000+ fintech enthusiasts from across the globe. With most of the country slowly reeling…

08 Dec

Shadowfax Rolls Out $5 Million ESOP Buyback Plan

MediaCatalyst0 CommentsNews, TechnologyShadowfax, Shadowfax ESOP Buyback Plan

Mumbai, Dec. 08, 2020: Shadowfax Technologies, an integrated 3PL services provider, today announced an employee stock ownership plan (ESOP) buyback program for its employees. The total value of the ESOP buyback program is estimated at $5 million and aimed at rewarding its employees as the business recovers to pre-Covid levels. This is the first buyback offering by the company where eligible employees can sell up to 35% of their assigned/vested ESOP shares. Shadowfax employees who have been granted ESOPs and completed more than four years with the company will be eligible to participate in the buyback program. In addition to this…

03 Dec

HappyLocate Raises Rs 4.4 Crore in Pre Series A Round

MediaCatalyst0 CommentsInvestment, NewsHappyLocate, Inflection Point Ventures, VM Ventures

Delhi, Dec. 03, 2020: HappyLocate, a Bangalore-based Relocation Platform has raised INR 4.4 Cr in Pre-series A round led by Inflection Point Ventures and participation from VM Ventures. The funds raised will be directed towards scaling up their operations, technological upgradation, better market penetration and service expansion. HappyLocate facilitates personal and commercial shifting across 15K+ pin codes in India and has been the most sought-after moving solution for corporates. It also features industry-exclusive AI-based relocation management platform, that enables large organizations to automate and manage their employee relocations end-to-end. Relocation ecosystem of India has always been a tricky one. While the…

02 Dec

Signzy Raises an Additional US$ 3M from Vertex Ventures

MediaCatalystInvestment, NewsNo Code AI Platform, Signzy, Vertex Ventures

Bangalore, Dec. 2, 2020: No code AI platform Signzy announced today that it has raised an additional US$ 3M from Vertex Ventures, taking its latest round of fundraising to $8.4M in total. Signzy announced last month that it raised US$5.4M in a financing round led by Arkam Ventures and Mastercard. Signzy’s existing investors, Kalaari Capital and Stellaris Venture Partners also participated in the round. Signzy offers a ‘no code AI platform’ that helps financial service companies automate risk and compliance processes. The company plans to invest in strengthening its AI platform and expanding its global sales team in order to serve the rapidly growing demand for…

18 Nov

Instamojo Raises Funds in Pre-Series C Round from Japanese Investors

MediaCatalyst0 CommentsInvestment, NewsInstamojo

Mumbai, Nov. 18, 2020: Instamojo, announced today the closing of its Pre-Series-C funding round of an undisclosed sum. This round of funding saw the participation of Japanese investors Base and existing investors such as Gunosy Capital, who participated in Series B round back in January 2019. The funds raised will be used to expedite the company’s growth and product roadmap as well as venture into international markets in the coming year. Instamojo began its journey in the Fintech space with its flagship product - The online payment link, thereby solving the digital payments challenge for several entrepreneurs. Focused on empowering…

09 Nov

Clientjoy Closes $800K Pre-Series A Funding from GVFL

MediaCatalystInvestment, NewsClientjoy, Gujarat Venture Finance Limited

Ahmedabad, Nov. 09, 2020: Clientjoy, the Ahmedabad based SaaS platform, has raised $800K in Series A funding from GVFL (Gujarat Venture Finance Limited), an early-stage venture capital firm. Launched in 2019, by 4 entrepreneurs, Clientjoy offers Client Life-Cycle Management Software for modern agencies, services companies, and freelancers to manage Leads, Proposals, Clients, Invoicing, and Revenues under a single roof. In its initial journey, the company was funded and supported by other angel investors and CIIE –a startup incubator established by IIM Ahmedabad. Clientjoy Team Speaking on the announcement, Mr Yash Shah (co-founder & CEO, Clientjoy) said, “At Clientjoy we are excited about the funding from GVFL – it comes at a time when we…

30 Oct

Bengaluru with $900 Mn in Fintech VC Investment Ranks Fifth Globally

MediaCatalystNews

New Delhi, Oct. 30, 2020: As coronavirus drives accelerated adoption of fintech products and services, investors are continuing to pump money into fintech companies in the UK and India. According to latest data from London & Partners and Dealroom.co, London’s fintech sector has attracted $3.6bn in VC investment between January and September 2020, coming in second globally. Bengaluru takes the fifth spot in the global ranking with $900m in fintech VC investment, while New Delhi comes in eleventh with $400m invested so far this year.1 Demonstrating confidence from investors, the UK capital takes the top spot for deal count, with…

27 Oct

FreshToHome Raises $121 Mn in Series C Round

MediaCatalystInvestment, NewsAllana Group, Ascent Capital, FreshToHome, Investcorp, Investment Corporation of Dubai

Bangalore, Oct. 27, 2020: FreshToHome, a fully integrated online brand in fresh fish and meat e-commerce has raised $121M in Series C funding led by Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai, Investcorp, a leading global manager of alternative investments, Ascent Capital, a leading India-focused growth capital provider, U.S. Government’s development finance institution, DFC, the Allana Group and other investors. Iron Pillar, the lead investor from Series B participated in this round with a significant investment of $19M. Barclays was an advisor for the transaction. “COVID-19 transformed the fish and meat purchasing behaviour of consumers dramatically. Due to safety concerns,…

27 Oct

Betterplace Closes $10 Mn in Series B funding

MediaCatalystInvestment, News3One4Capital, Betterplace, Jungle Ventures, Unitus Ventures, Venture Highway

Bangalore, Oct. 27, 2020: Betterplace, a tech platform delivering digital solutions for blue collar workforce management throughout the entire value chain, has raised $10 million in a Series B round led by Jungle Ventures and a total of $16 million since its inception. Existing investors, Unitus Ventures, 3One4 Capital, and Venture Highway also participated in the round. Launched in 2015, Betterplace addresses the $30 Bn India opportunity of blue-collar workforce management, impacting over 450 Mn people. Through its data-driven, tech platform, Betterplace uniquely fulfills the requirements of both enterprises and the workforce in this fragmented and underserved ecosystem. For enterprises, it offers…