TagMango Raises Seed Round Funding Of INR 5.5 Cr From Y Combinator, Kevin Lin And XRM Media

The company aims to target the next 500 million Internet users of India and to convert creators/influencers into entrepreneurs

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Indian creator monetization startup TagMango on Friday announced that it has raised around INR 5.5 crore in a seed round funding led by Y Combinator, Kevin Lin (co-founder of Twitch), XRM Media, Pioneer Fund, and Angel Investors from the US and UAE.

Tapping into the creator-audience interaction space, the company aims to scale the Indian creator’s ecosystem by empowering homegrown creators with sophisticated monetization channels, tools, and features to build a sustainable business.

And by turning Indian creators into entrepreneurs, the startup aims to foster

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Pigment raises $25.9 million to ‘reboot the spreadsheet’ with next-gen business forecasting

Pigment, which is setting out to “reboot the spreadsheet” and give businesses a “multidimensional view” of their data with its platform, has raised $25.9 million in a series A round of funding led by Blossom Capital.

Founded out of Paris in 2019, Pigment touts itself as a business forecasting platform that circumvents the limitations of “error-prone” spreadsheets and inflexible software to bring a “new standard” to planning and modeling. The platform is still in closed beta, though the company claims to have secured some undisclosed high-profile clients, including a major European bank and pre-IPO startups.

Pigment’s founding team includes co-CEOs Eléonore Crespo, a former financial analyst at Google who later joined Index Ventures as an investor, and Romain Niccoli, cofounder and former CTO of advertising tech giant Criteo.

Incumbents

Pigment is entering a space occupied by some long-standing incumbents, including Anaplan, Workday (which acquired Adaptive Insights in 2018), and trusty

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PreAct raises $1.6M from Sony, others to help prevent car accidents with crash-sensing tech

(PreAct Photo)

Car accidents kill about 1.35 million people worldwide each year. Despite more advanced collision warning systems now built into cars, crashes in the U.S. have risen more than 12% since 2011.

Now a Portland startup wants to curb those numbers with new crash-sensing technology.

PreAct raised $1.6 million in a round led by Alpha Bridge that included participation from elev8.vc and Sony’s venture capital arm, Sony Innovation Fund.

Founded in 2018 after spinning out of a defense contractor company called Artis, PreAct’s software uses near-field sensors to help sense a vehicle’s surroundings. The technology was originally developed to protect military vehicles from missiles. It allows cars to adjust suspension and seating positions to better prepare for impact. This video shows the software in action.

The 9-person company sells to automotive safety suppliers; auto manufacturers; auto insurance companies; and more. It also works with self-driving firms. PreAct’s tech will

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Bizzabo raises $138 million as events industry goes hybrid

Bizzabo, a platform that helps businesses run hybrid events spanning the online and offline spheres, has raised $138 million in a series E round of funding led by New York-based VC firm Insight Partners.

The raise comes as the COVID-19 crisis leaves what is likely to be an indelible mark on the trillion-dollar events and conference industry, with many businesses preparing to retain digital elements of their events they were forced to embrace in 2020. Web Summit, one of Europe’s largest technology conferences, recently confirmed that it has already booked the venue for its brick-and-mortar return next year, with the goal of hosting 70,000 in-person attendees — plus up to 80,000 online using a platform it developed itself. News outlet Reuters also confirmed that it would be adopting a hybrid events model next year, combining local networking meetups with online incarnations after it saw some success with this approach during

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SAWO Labs Raises INR 5.5 Cr from StartupXseed to Devise OTP-less Authentication

SAWO, which stands for secure authentication without OTP, will use the fresh capital to strengthen its product portfolio of OTP- and password-less tools along with robo identification and password-less consumer onboarding tools

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SAWO Labs, that eliminates the need for password or one time password (OTP) based authentication, said on Wednesday it has raised INR 5.5 crore seed funding from StartupXseed, a sector agnostic seed and early stage venture capital fund.

SAWO, which stands for secure authentication without OTP, was founded earlier this year. In September, it raised pre-seed investment after being shortlisted by 100x.VC in its second cohort of startups for pre-seed investments.

The two investment rounds have valued the Delhi-based startup at INR 28 crore, as per the official

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Chinese smartphone maker Xiaomi raises $3.9 billion in equity deal – term sheet

HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Corp has raised $3.91 billion as part of a deal that includes Hong Kong’s largest top-up placement, according to a term sheet seen by Reuters.

FILE PHOTO: People are silhouetted in front of Xiaomi’s logo at a venue in Beijing, May 10, 2016. REUTERS/Kim Kyung-Hoon/File Photo

Potential investors have been told the price should be HK$23.70 for the 1 billion shares that are being sold down in the deal, the term sheet showed.

The price is at the lower end of the range flagged by the company on Tuesday when it said the deal would be between HK$23.70 and HK$24.50.

At HK$23.70, the placement would raise $3.06 billion.

A convertible bond deal to raise $855 million was also finalised Wednesday, according to the term sheet, to take Xiaomi’s total raising to $3.91 billion.

Xiaomi’s deal is the largest top-up placement in Hong

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YC-backed BuildBuddy raises $3.15M to help developers build software more quickly

BuildBuddy, whose software helps developers compile and test code quickly using a blend of open-source technology and proprietary tools, announced a funding round today worth $3.15 million. 

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The company was part of the Winter 2020 Y Combinator batch, which saw its traditional demo day in March turned into an all-virtual affair. The startups from the cohort then had to raise capitalas the public markets crashed around them and fear overtook the startup investing world.

BuildBuddy’s funding round makes it clear that choppy market conditions and a move away from in-person demos did not fully dampen investor interest in YC’s March batch of startups, though it’s far too soon to tell if the group will perform as well as others, given how long it takes for startup winners to mature into exits.

Let’s talk code

BuildBuddy has foundations in how Google builds software. To get under

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Seattle startup Flexe raises $70M as e-commerce rise fuels demand for flexible warehousing platform

The Flexe team, pre-pandemic. (Flexe Photo)

Flexe is raising more capital ahead of schedule as the pandemic-driven e-commerce boom spurs faster-than-expected growth for its warehousing technology platform.

The Seattle startup announced a $70 million Series C round led by new investor T. Rowe Price, with participation from existing backers Activate Capital, Tiger Global, Madrona Venture Group, Redpoint Ventures, Prologis Ventures, and others. Total funding to date in the 6-year-old company is $134 million.

Flexe originally planned to raise another round sometime next year. But investors were ready to put more fuel into the business given its recent metrics.

“Flexe is poised to become an impactful company in the logistics industry for the long term,” Andrew Davis, director of private investments at T. Rowe Price, said in a statement. T. Rowe Price recently led a $2.5 billion round in electric car maker Rivian and was an early backer of Facebook, Twitter,

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Personal Messaging Software Aampe Raises $1.8 Mn From Sequoia Capital’s Surge

The startup with the fresh capital plans to accelerate its growth momentum and product development to serve global customers

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Personal messaging software startup Aampe on Tuesday announced it has raised $1.8 million in seed round from Sequoia Capital’s Surge, a scale-up program for startups in southeast Asia and India. The startup with the fresh capital plans to accelerate its growth momentum and product development to serve global customers.

The venture capital firm Sequoia Capital has recently announced the names of 17 startups including Aampe that will receive early-stage funding under its fourth cohort Sequoia Surge programme, Surge 4. The programme included startups across a wide range of sectors including edtech, fintech, SME tech, dev tools, consumer, healthtech and B2B marketplaces.

Founded by Paul Meinshausen, Sami Abboud and Schaun Wheeler in

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[Funding Alert] Radio Technology Startup Inntot Technologies Raises Bridge Round From Unicorn India Ventures

Funds raised will be used for procuring vastly refined and precision digital radio test equipment

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Opinions expressed by Entrepreneur contributors are their own.


You’re reading Entrepreneur India, an international franchise of Entrepreneur Media.

Kerala-based technology-driven startup Inntot Technologies has announced to have raised an undisclosed bridge round from Unicorn India Ventures. The venture company first seeded the company in 2018.

The platform focuses on providing high quality and cost-effective IP solutions for next-generation digital media broadcast receivers, namely, Digital Radio Mondiale (DRM) for amplitude modulation (AM) and frequency modulation (FM) bands receivers, digital audio broadcasting (DAB)/DAB+ receivers, call detail record (CDR) receivers and integrated services digital broadcasting (ISDB-T) receivers and HD-radio (HDR) receiver in collaboration with Xperi.

The company plans to use

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