Hyperloop Tech Raises $80M Days After the Licensing Deal Announcement
Los Angeles: Hyperloop technologies has closed $80 million deal in Series B round of funding. This news struck just after days the company announced a licensing deal to enable its own prototype with magnetic levitation technology.
In 2013, SpaceX and Tesla CEO Elon Musk drew a plan to transport people in low pressure tubes at 760mph and today his dream is just steps away from grasping reality. Musk dropped this idea which is called Hyperloop. Whatever his plan was, today there are two rival companies working on hyperloop.
— Marco della Cava (@marcodellacava) May 11, 2016
Lending Platform Capital Float Secures $25M From Creation Investments Capital Management
Bangalore: Online lending platform, Capital Float, has raised $25 million in Series B round of funding led by US-based Creation Investments Capital Management. The round also saw participation from its existing investors SAIF Partners, Sequoia Capital and Aspada Ventures. Post funding the valuation of company has gone beyond $100 million.
Founded by Gaurav Hinduja and Sashank Rishyasringa in 2013, Capital Float is a digital financing platform that provides quick and easy capital to help businesses fund rapid growth.
Groupe SOS Invests $150,000 in Life Circle
Hyderabad: Life Circle, home healthcare services startup, has raised $150,000 from European health company Groupe SOS. Funds will further be deployed to expand operations. It wants to be in 20 cities by 2020.
Life Circle offers nursing and professional care services at home. “We differentiate our services by providing trained and verified caregivers, creating a seamless continuum of care, providing work-related training and psychological counselling to caregivers to manage burnouts, and providing flexible caregiver engagement to seniors,” said Anant Kumar, founder and CEO of Life Circle.
Unacademy Raises $500,000 From Blume Ventures & More
Bangalore: Unacademy, video based learning portal to provide free education, has raised $500,000 in its first round of funding led by Blume Ventures and angels like Rajan Anandan (Google), Sumit Jain (CommonFloor), Aprameya Radhakrishna (Taxi4Sure), Sujeet Kumar (earlier Flipkart) & Phanindra Sama (RedBus).
The funds will further be deployed for product development and scaling the platform. Product development will happen both on the educator and the consumer side, wherein the startup will work on developing more tools for educators as well as making the content more interactive for users. Users will also be able to track courses on the platform.