Investments, News

#Fundingwire – YuppTV Raises $50M in Series B & More

Shown Above: Uday Reddy, Founder & CEO, YuppTV

Shown Above: Uday Reddy, Founder & CEO, YuppTV

Fundingwire is your quick summary of notable investments made in the technology space. The firms which have recently raised investment include YuppTV, FlexiLoans, GoZefo and SIBIA Analytics

Netflix for NRIs YuppTV Raises $50M

Atlanta & India-based video streaming service, YuppTV, has secured $50 million in Series B round of investment. The round was led by Emerald Media. The company serves Indian video content to Indians residing all over the globe. YuppTV offers over 250 South Asian TV channels, over 5,000 movies and over 100 TV shows, and claims to have 5 million monthly active visitors. It was founded in 2006 by Uday Reddy and entered Indian market in October 2015. Read More

Digital Lending Platform FlexiLoans Secures $15M

Kalyan, Maharashtra-based FinTech startup, FlexiLoans, has secured $15 million in investment from a group of angels. The round saw participation from Sanjay Nayar, CEO, KKR India; Vikram Sud, former head of operations and technology at Citibank; Narayan Seshadri, former managing director at KPMG’s advisory business among others. While all the investors have invested in their individual capacities – EpiMoney, an NBFC which was founded by the above mentioned investors, will be picking up stake in the startup.

Flexiloans was founded by Mily Manish Lunia, Sudha Jain and Sandhya Deepak Jain in February 2016, but has been operational since November 2015. It helps SMBs achieve their loan or working capital requirements within 24 hours of application. Read More

Factory Seconds Goods Marketplace GoZefo Raises $1M

Bangalore-based eCommerce marketplace for second hand and factory seconds goods, GoZefo, has secured $1 million in fresh investment. The round was led by Helion Venture Partners, and saw participation from BeeNext. The company was founded in July 2015 by Arjit Gupta, Rohit Ramasubramanian, Himesh Joshi and Karan Gupta, and had reportedly raised $8 million around the same time led by Helion. Read More

Predictive Analytics Firm SIBIA Analytics Raises Seed Investment

Kolkata-based predictive analytics firm, SIBIA Analytics has raised an undisclosed amount of investment in Seed round from a group of investors. The company has developed two products for retail, FMCG and eCommerce brands. It was founded in February 2013 by Angshuman Bhattacharya. Read More

Image Credit – IT Voice

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