Top startup funding this week- HelpShift, LifeRobotics, Zwift, ShareChat, Vymo and others

Image source - Zwift

♥ Pune and San Francisco-based mobile customer relationship management (CRM) company Helpshift Inc. has raised $23 million (around Rs 153.6 crore) in its Series B round led by Microsoft Ventures and Salesforce Ventures, CISCO Investments. Existing investors Intel Capital, Nexus Venture Partners, True Ventures and Visionnaire Ventures also joined this round . Helpshift and Cisco will share their technical skills to integrate Helpshift’s in-app customer support solutions with Cisco’s leading contact centre solutions.

♥ New Delhi based non-banking financial company AYE Finance has closed its Series B round of funding of about 10.3 million USD from LGT Impact Ventures and existing investors SAIF Partners and Accion. The company will use this fresh capital to grow its business across the country with a target loan of Rs 2,000 crore over next five years.

♥ Japanese education technology startup Arcterus has raised 1M USD in Series B funding from distance learning company Z-Kai and Asahi.The funds will go towards product development and expanding its business in Southeast Asia. Asahi is the Japan’s second-largest national newspaper company, . Asahi is making plan to make available premium content on its Clear app for the edutech startup. This app as per our sources will allows readers to view, share and rate their class notes, also lets students upload their own notes for their peers. At present it has over one million users across Japan, Thailand, Taiwan and China.

♥ US based Web data extraction platform Connotate has raised $11 million in Series B funding round led by Long River Ventures. Existing investors .406 Ventures, Castile Ventures, Fernwood Funding LLC, Prism Ventures also joined this round. Connotate will use this fresh fund for business expansion and expand its portfolio around Connotate Cloud.

♥ Tokyo ( Japan ) -based robotech startup LifeRobotics has raised $9 million in Series B funding round with participation from Global Brain, Mitsui Fudosan, Koden Holdings, Mizuho Capital, Golden Asia Fund and other undisclosed members . This tech has already been adopted by large Japanese business houses like Toyota Motors, Omron and food chain giants like Yoshinoya and Royal. Funds will be primarily used towards building of the co-robot, technology up gradation through its research wing and enhanced services for customers.

♥ California based indoor cycling social game developer  Zwift, raised 27M USD in Series A funding, led by Novator Partners . Other prominent investors  Shasta Ventures, Waypoint, Samchuly, Max Levchin also joined this round. This fund will be primarily used for product development and expanding business operations. Zwift provides an interactive indoor cycling digital simulator that connects the riders from over 100 countries. The game uses automatic ERG resistance control to enable structured training tailored for  beginner to pro. standard.

♥ India based language social platform ShareChat has raised $4 million in a Series-A funding round from Lightspeed India Partners( LSVP India ). Existing investors SAIF Partners and India Quotient also participated in this round. This fresh funding will be used to tap the vernacular ecosystem better and offer enhanced infotainment and utilities. just few months back in July 2016,ShareChat has raised $1.25M , led by Saif Partners.  

♥  Udaan, a B2B platform that makes trading simple, safe and convenient,has raised Series A funding of $10M  led by LightSpeed Venture partners.  Sujeet Kumar, who led WS Retail Pvt. Ltd at Flipkart, Amod Malviya, ex-CTO of Flipkart, and Vaibhav Gupta, former Senior VP at Flipkart, have been putting their brains together towards the development of Udaan. B2B e-commerce is supposed to be  whopping $500 billion market in its early stages in India. There are approximately 48 million SMEs that need to grasp bulk supplies.  A report issued by Frost & Sullivan it is believed that by 2020, the B2B e-commerce market will be worth $12 trillion making the B2B e-commerce almost three times as big as the B2C market.

 Cashboard , Germany’s fastest growing online wealth management platform, has secured 3 million euros in series A funding. This funding round is led by Digital Space Ventures with participation from  existing investors Redalpine Capital, Earlybird Venture Capital, 500 Startups.  At present Cashboard is the Europe’s first and only curated marketplace for retail investment. Where others fintech companies only sell one product, Cashboard is the only online platform combining multiple  products from various asset classes and providers operating through one single account.

 PayKey, a social fintech company that enables banks to provide their users with peer to peer payment services through any social and messaging platform such as Facebook ,Whatspp, Twitter, has raised $6 million in Series A funding round co-led by leading global venture capital firm, and Gaby Salem of Wharton Asset Management. New investors financial-sector leaders CommerzVentures, Mastercard and Santander InnoVentures, Digital Leaders Ventures, and follow on investment from Magma VC also joined this round. This fresh fund infused will be primarily used for product enhancement i.e adding new features thorough Technology up-gradation so that to enable bank customers to seamlessly make instant and secure payments on all social networks and messaging apps ., a New Delhi-based legal Tech startup, has raised an undisclosed amount through pre series-A funding round  from Indian Angel Network. The funding round is led by IAN co-founder Alok Mittal. IAN’S  V P Rajesh and Srikant Sastri joining the company’s board to further build the platform and strengthen the team. LawRato was founded in 2014, is a legal advice and lawyer search platform that makes expert legal advice accessible to the masses by providing on-demand legal services for every cause. LawRato currently has more than 2,000 lawyer profiles across 200 cities in India.The company plans to use this funds to continue to develop the platform and expand its business operations in other potential  parts of India.

 Bengaluru ( India ) based mobile social gaming startup PlaySimple Games has raised nearly 3.6 million USD in Series A round of financing led by IDG ventures and SAIF partners. Previously in 2015 IDG ventures has  led a $500,000 seed round in this gaming startup . This fresh funding will be used for developing fresh content and expand the team.

 Vymo, a startup that provides predictive sales analytics solution, has raised $5M in a series-A funding round from Sequoia Capital India. This is Sequoia India’s third funding  this month in the enterprise serving software-as-a-service (SaaS) space, after Freshdesk and Zarget.Vymo, headquartered at Bengaluru ( India ), plans to use this fund for product development, fresh hiring and business expansion.Vymo’s sales tool helps sales persons to plan their business program quite better through accumulating data from over 25000 sales representatives to find out the skills and provide curated recommendations to users .

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