Business, Investments

#Fundingwire: Self-Driven Car Startup Zoox Raises $200M at $1B Valuation and More


Fundingwire is your quick summary of notable investments made in the technology space. The firms which have recently raised investment include Darwinbox, SwarmX, WealthTrust, Playment and Zoox

Zoox Raises $200M at $1B Valuation for its Self-Driving Cars

Auto startup Zoox is raising about $200 million at a $1 billion valuation. The Palo Alto-based startup was founded by Tim Kentley-Klay and Jesse Levinson, and is reportedly working on a Google’s automated cars’ competitor.

The stealth mode startup also claims that it’s working on technology, that can even compete with Tesla. Read More

Darwinbox Raises Seed Funding

Darwinbox, a SaaS for HR startup, has raised an undisclosed amount in early-stage seed funding. The investment was led by Mohandas Pai’s 3one4 Capital, Endiya Partners and Tracxn Labs.

Hyderabad-based Darwinbox is a human resources technology and analytics company founded by Jayant Paleti, Rohit Chennamaneni and Chaitanya Peddi. It wants to build something that would make the entire hiring and on-boarding process seamless – making it easier for the HR administration and the employees. Read More

Drone Startup SwarmX Raises Investment from TV Mohandas Pai

TV Mohandas Pai, chairman of Manipal Global Education and former CFO and HR head of Infosys, has invested an undisclosed amount in Singapore-based drone technology startup SwarmX Pte. Ltd.

SwarmX was founded by Pulkit Jaiswal in August 2015. Jaiswal is a graduate of Stanford University and had earlier co-founded Garuda Robotics. Read More

WealthTrust Raises Seed Funding

Wealth management app WealthTrust has raised an undisclosed amount of seed funding from India Quotient. Mumbai-based WealthTrust was founded in September 2015 by Nisarg Gandhi and Jasmin Gohil. While Nisarg was a former ISRO scientist, Jasmin is a tech expert. Currently it has a six-membered team. Read More

Playment Secures $700K Funding from SAIF Partners

Playment, a mobile marketplace for crowdsourced work, has raised $700,000 from SAIF Partners.

Playment was launched in 2015 by Siddharth Mall, Ajinkya Malasane and Akshay Lal. Malasane is an alumnus of the Indian Institute of Technology Guwahati whereas Mall and Lal graduated from IIT Kharagpur and previously worked at eCommerce marketplace Flipkart. Read More

Image Credit: Jonathon Hutchinson

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