funding Archive

TravelTriangle revolutionizing travel industry post $8 Million funding from Bessemer Venture & SAIF Partners

New Delhi, July 15, 2015:  Historically, the Indian leisure traveler traveled the globe on fixed group packages. These fixed packages involved traveling with a group of 20-50 people on a fixed itinerary with no flexibility or customization on offer. Enter Travel Triangle, India’s leading holiday marketplace, which provides travelers with unlimited choice and customization for

Singapore based Startup Spini sets up base in India at Chennai with first round of funding from Walden International

Raises funding of S$1 Million from Walden International to fuel India expansion and continuous development of its platform With its entry in India Spini aims to Pioneer a Radical Shift in Connecting People with the Right Information at the Right Time   Chennai, India, June 23, 2015: The increasingly crowded Indian market with brands jostling

foodpanda raises additional USD 100 Million in funding led by Goldman Sachs

Investment to be used to expand foodpanda’s last-mile delivery operations and further improve customer experience 01 MAY 2015, BERLIN Together with the last funding of USD 110 Million in March 2015, foodpanda has now raised over USD 310 Million since its launch in 2012. After acquiring key competitors in India, Mexico, Russia, Brazil, Eastern Europe

JUMIA receives EUR 120 million in funding

JUMIA announced a new round of investments amounting to EUR 120 million Today, JUMIA announced a new round of investments amounting to EUR 120 million. These investments, which were made by existing shareholders, strengthen the company’s position as the leading online retailer in Africa. Jeremy Hodara, co-CEO of Africa Internet Group said: “We are very

OpenERP Becomes Odoo and Closes $10 Million in Funding

SAN FRANCISCO, CA (May 15, 2014) – OpenERP has raised $10 million dollars in funding to support its R&D efforts and commercial growth. As part of the growth strategy OpenERP is rebranding to Odoo, to better reflect its expanded areas of focus in CMS & Ecommerce and POS applications beyond the core ERP function. Odoo

foodpanda group raised additional USD 20 million of funding to continue global roll out

foodpanda and hellofood aim for over 40 countries in early 2014   Berlin, February 4th 2014– foodpanda and its affiliated brand hellofood, the fastest growing online food delivery marketplace worldwide, received another USD 20 million in funding from a group of investors including Phenomen Ventures. With the new investment foodpanda is aiming to continue its global ambitions and

LAZADA secures US$100 million of funding and launches a new mobile shopping platform

June, 20th. LAZADA, Southeast Asia’s largest online shopping mall, today disclosed that Verlinvest, a Belgian family-owned, consumer-focused investment holding company, has joined the company as an investor. Existing investors Holtzbrinck Ventures, Kinnevik, Summit Partners and Tengelmann Group also participated in the financing round that injected about US$100 million of fresh capital into LAZADA’s German holding