Tag Archives: Raises

Carspring, a London and Berlin startup that lets you buy a used car online, raises £5M Series B

Carspring, the London and Berlin used car buying platform founded by Rocket Internet, has picked up £5 million in Series B funding. Backing the round are Rocket Internet itself, along with Channel 4’s Commercial Growth Fund, which offers media in the form of TV advertising in return for equity. In other words, a portion of this round (£1.3m) isn’t cash per ... Read More »

Carwow, a UK startup that helps you buy a new car, raises $39M Series C

Carwow, a platform that helps you buy a new car, has closed $39 million in Series C funding. The round was led by new investor Vitruvian Partners, with existing investors Accel Partners and Balderton Capital also participating. At today’s exchange rate it brings total funding to approximately $62.6 million. Founded in late 2010, Carwow originally launched as a car review ... Read More »

IFCI Raises Lending Rate By 10 Basis Points To 8.6 Per Cent

New Delhi: Term finance lender IFCI today said it has raised benchmark lending rate by 0.1 percentage point (10 bps) to 8.6 per cent. The company has changed its its short-term benchmark rate (IBR-ST) from 8.50 per cent to 8.60 per cent with monthly rests for lending for tenure up to three months only, IFCI said in a statement. The ... Read More »

Yes Bank Raises Rs. 3,000 Crore From Bonds

New Delhi: Private sector Yes Bank on Saturday said it has raised Rs. 3,000 crore from bonds to fund business expansion. With this capital raising, the bank’s Tier-I Capital Ratio will be at 12 per cent including profits and adjusted for pro-rata dividends, Yes Bank said in a statement. The Basel-III compliant additional Tier-1 (AT1) Bonds will be listed on ... Read More »

Mobile Privacy Pioneer Silent Circle Raises $50 Million in Funding

Silent Circle, a Geneva-based pioneer in securing mobile communications, said on Friday it has raised $50 million in a Series C financing round led by Santander Bank as it looks to reinvent itself as an enterprise-focused business. The firm, which was founded by well-known cryptologists in 2011, said it plans to use the funds to expand development of software products ... Read More »

Yamaha India raises attention amongst personnel on international environment Day

Yamaha vehicles India, the local arm of the japanese motorcycle large, these days announced the celebration of world environment Day at its offices and plants across India. The business enterprise has deliberate to organise numerous environment conservation associated sports in its centers between June 6th-11th. With this initiative, the enterprise ambitions to spread awareness and sell the importance of retaining ... Read More »

Freedom 251: Mobile Industry Raises Concerns Over Rs. 251 Smartphone

Expressing concern over the launch of a smartphone at price as low as Rs. 251, mobile industry body ICA has written to Telecom Minister Ravi Shankar Prasad to get into depth of the issue, saying the rate could not be below Rs. 3,500 even after a subsidised sale. The Indian Cellular Association (ICA) also said that it is not appropriate ... Read More »

Eating Too Much Fish While Pregnant Raises Child Obesity Risk: Study

  Women who ate more than the recommended three servings of fish per week while pregnant gave birth to children at a higher risk of obesity. (Representational Image) Miami:  Women who ate more than the recommended three servings of fish per week while pregnant gave birth to children at a higher risk of obesity than expectant moms who ate less, ... Read More »

VR Firm Wevr Raises $25 Million From Samsung, HTC, and Others

Virtual reality company Wevr raised $25 million (roughly Rs. 170 crores) from investors including HTCCorp and Samsung Ventures to fund the launch of a new platform for VR creators to distribute content, executives said on Friday. The platform, called Wevr Transport, is available now to a limited number of users in a test phase. It is designed to run on ... Read More »