Funding is the process of providing resources to finance a firm, organisation or individual in need or for a project. In a normal course, funding takes place in terms of money transactions, either for short-term or long-term purposes. There are various sources of funding including credit, venture capital, donations, grants, savings, subsidies, and taxes. Terms like soft funding or crowdfunding are described as funding like donations, subsidies, and grants which have no direct requirement for return of investment. While those facilitate the exchange of equity ownership in a company for capital investment via an online funding portal are called equity crowdfunding. In economic terms, funds are given to firms, entrepreneurs or individuals by lenders as capital or loans. This can be done against an interest or equity. Funding can be used for research, launch a business or expand the business. Among the various methods of funding include government grants, crowdfunding, raise from interest or self-organised funding allocation. However, to get funded, firms, entrepreneurs or individuals have to show collateral. This also includes their previous work experience in the respective fields. On the other hand, depending on the requirement and scope of growth of business, an entrepreneur or firm gets funded by the lender. More
The firm is planning to utlise the funds towards building its product and expanding its global engineering teams as it further pursues technology leadership.
It is another cautionary tale of ambitious startups that attempted to conquer new markets and grow rapidly only to come up against a funding winter amid global market turmoil this year.
Companies building tools, products, and services for the creator economy can use of Phyllo's APIs to verify creator's identity, income and engagement data
Startups can obtain venture loans through an intuitive interface and choose to repay in their local currency, including the British pound, the Singapore dollar and the Australian dollar.
According to sources aware of the fundraise, the total size of the round is expected to be around $90 million. Alpha Wave Global, which is leading the round has already invested $45 million.
If the firm's new products, Document360 and the customer success product Churn360, pick up at a faster pace and add more to the revenue, Kovai.co will postpone the timeline to actively look for an external investor
As part of the transaction, CDPQ will be invest around $75 million and join CleverTap’s Board of Directors upon closure of this funding round
The startup aims to utilise the funding to hire top talent and strengthen its workforce for expansion. It also plans to increase its sales experts base and further expand into new verticals.
The company will use the fund to expand to more than 250 kitchens in 75 cities, add brands, hire for leadership positions and invest in technology for clients
Ben Mathew, co-founder and CEO of Produze, in a virtual interaction with Moneycontrol, said the funds raised will be used to build distribution capabilities, expand procurement sources, and strengthen Produze’s tech team
WebEngage claims to have reached a $20 million annual revenue run rate and is working with more than 600 customers
The company also informed that the new funds will be used for product development and market operations. The company also said it plans to launch its app in the third week of August this year.
During the pandemic, e-pharmacies and online consultation platforms turned out to be lucrative businesses within health tech, which also includes at-home diagnostics, fitness and nutrition platforms, disease management and employee wellness services.
Earlier, in September 2021, the company had raised $34 million in series A funding, co-led by ICONIQ and Madrona Venture Group with participation from Decibel and Mubadala Capital.
The round was led by Hashed Emergent, Athera Venture Partners (formerly Inventus), Better Capital, Whiteboard Capital, Polygon founders Sandeep and Jaynti, Kunal Shah of CRED, and other angel investors.
The decline in venture funding activity was attributed to the volatility in markets, which saw many founders rethink or put their rounds on pause, particularly at the later stages
This brings Creative Galileo's total funding to USD 10 million, including a pre-series round of USD 2.5 million in July last year.
Lets ventures, Mumbai angels, Old World Hospitality (Rohit Khattar) and Jasleen Royal (Singer, songwriter and composer) also participated in the funding round.
New Delhi, Jul 20 Agritech startup Growcoms has raised USD 1 million (about Rs 7 crore) from investors, including Info Edge, to scale up operations..
Earlier in July 2021, Eka Care raised $4.5 million in its seed round of funding from 3one4Capital, Eximius Ventures, Speciale Invest, and several angel investors.
AnyMind Group has so far acquired seven companies from various countries including Japan, Hong Kong, Thailand and India.
The funds will be utilised to speed up expansion and scale up manufacturing and assembly units
Green hydrogen is the fuel of the future but its price continues to be prohibitive for sectors like fertilizer and refinery which need to use it, said Saraswat said.
The company, which has a portfolio of 1.3 GW of assets either operational or nearing commissioning, issued senior secured floating rate notes to two marquee international institutional investors, as per an official statement.