Geektime’s daily funding review


Here are the funding announcements from around the world we think you should know about today.

1. Indian e-commerce platform Snapdeal grabbed $500 million in new funding from Alibaba, Foxconn, SoftBank, and several other investors. Foxconn, a Taiwanese cell phone manufacturer, put in $200 million. The news also notes that major prior investor eBay might have sold part of its stake in the company, according to the Hindu Business Line.

2. Bangalore-based tech news site YourStory, which mainly focuses on the Indian startup scene, raised $3 million in a Series A funding round led by Kalaari Capital, according to Inc42. Qualcomm Ventures, Ratan Tatan, and TV Mohandas Pai also participated.

3. Singaporean peer-to-peer lending company Capital Match announced raising SGD 1 million ($710,000) in Series A funding, led by Innosight Ventures. Innosight partner Pete Bonee will join Capital Match’s BoD as part of the deal. Prior investors Crystal Horse Investments and CE-Tech Invest joined the round as well, according to Tech in Asia.

4. MarketInvoice snagged £6 million in a Series A funding round, adding to the over £500 million it has raised since launching in 2011. The company is a peer-to-peer invoice finance platform. Since 2013, the UK government has lent over £50 million to small businesses through the platform.

5. Mumbai-based IntelligenceNODE raised Rs 26 crore (almost $4 million) in a Series A round from New Enterprise Associates (NEA) and seed investor Orios Venture Partners. The company gives “customized solutions to brands and retailers for competitive benchmarking as well as price and merchandising optimization,” according to the India Times. They are also planning a Series B round by the end of the year, hoping to net between $15 and $20 million.

6. Platform9, which is probably a vague reference to one of the founders’ extreme fandom for Harry Potter, scored $10 million to continue its quest to make it easier to install OpenStack private clouds on companies’ existing servers. The Series B round was led by Menlo Ventures and Redpoint Ventures, bringing their total funding up to about $14.5 million. CEO Sirish Raghuram told Fortune that the company’s current staff of 27 might grow to between 50 and 60 by the end of the year.

7. Roposo, a social network for fashion, has raised $15 million from Tiger Global just three months after a Series A round grabbed $5 million from the same investor. Altogether the company has raised $21 million, including some cash from Flipkart co-founder Binny Bansal. The company currently works with 300 webstores and over 4,000 brands according to the India Times.  The company was founded in 2013 as a branch of Giveter by Sirish Raghuram, all alumni of IIT Delhi according to YourStory.

8. EnTouch Controls, an energy management company, raised $6 million in Series C to expand sales and support. Participating investors included Trailblazer Capital, SJF Ventures, and NRG Energy according to the Dallas Business Journal. They serve small businesses, retailers, and restaurants by using stats and algorithms to efficiently manage HVAC, lighting, and refrigeration to cut expenses. They raised $8.5 million in Series B in November 2013.

9. Seattle-based food delivery service Peach grabbed $8 million from Vulcan Capital and the Madrona Venture Group according to the Seattle Times. The company works to deliver food from partner local restaurants to office workers, sending them alerts about available items. Peach was founded by former Amazonian Nishant Singh and employs 25 people, planning to grow to 45 once it expands beyond Seattle and San Diego.


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