Funding Roundup: Everyone Express Closes USD 15M; CashCashPinoy Raises USD 2M and More

Everyone Express Closes USD 15 million led by Tencent and Banyan Fund

everyone express

Chinese company Renren Kuaidi, which literally translates to “Everyone Express,” is a crowdsourced delivery system has raised USD 15 million led by Tencent and Banyan Fund. The company aims to utilize the new funds for hiring new personal and paying for operating expenses.

As per a Tech in Asia report, the startup specializes in delivery for boutique stores and local lifestyle products like flowers, cake, coffee, gifts, and food. Founded in 2011, it is having its operations in Beijing, Shanghai, Shenzhen, Suzhou, Hangzhou, and Chengdu.

Customers can book the nearest courier on demand and anyone who meets the eligibility requirements including a real-name authentication, binding a bank card, a smartphone with a phone number, and a photo, can sign up to be a courier. After the delivery is made, the customer can rate the courier on his or her performance.

CashCashPinoy Raises USD 2 million from PE Firm Hera Capital

Philippine-based, online shopping deals site company CashCashPinoy has secured USD 2 million in Series B round from Private equity firm Hera Capital. The raised funds will be used to boost expansion, infrastructure, user acquisition and hiring efforts.

According to a e27 report, three months back, CashCashPinoy launched a mobile version of its web-based site. It claims to have more than 1.5 million consumer buyers on its platform.

Including this round, the firm has secured a total capital of over USD 4 million since its inception in 2010.

See Also: Deal RoundUp: Whistle Sports closes USD 7M; Raises USD 1.25M and More

Paracosm Secures USD 3.3 million From Atlas and iRobot

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Florida-located cloud-based 3D mapping software company, Paracosm has closed USD 3.3 million in Seed round led by Atlas Venture with participation from Roomba maker iRobot, Osage University Partners, BOLDstart Ventures, New World Angels, Deep Fork Capital and unnamed angel investors.

It will use the new funds to build out its team and develop more and better algorithms for robotics, gaming and other applications, reports Techcrunch. The company build 3D technologies to power the next generation of devices, help machines understand the physical world and improve virtual and augmented reality experiences.