AdNear, a location intelligence company, raised $19 million from Telstra Ventures and Global Brain as part of a plan to expand into new markets. Both its existing investors, Sequoia Capital and Canaan Partners, also participated in the capital raising round, the Bangalore-based company said. AdNear has developed insights from anonymous device users across Asia-Pacific, using their historical location footprint and real-world offline data. The company sends relevant advertisements to mobile audiences on behalf of advertisers using its proprietary real-time bidding platform. It has rapidly grown its client base to include many marquee brands such as P&G, Woolworths, Audi, Unilever, BMW, Ford, Samsung, IKEA and Adidas.
Timesaverz gets seed funding
Timesaverz, a company that connects home-service seekers with home-service providers, has secured a seed round of financing from a group of angel investors, led by Neville Taraporewalla, senior industry leader in consumer internet and Rajesh Sawhney, founder of GSF Accelerator. The other investors include Ashish Jhalani (founder at eTailing India), Nitesh Kripalani (ex- Sony Entertainment) and Dinesh Agarwal, founder of Indiamart, and Nish Bhutani.
Warburg invests in CarTrade.com
CarTrade, an online automobile classifieds platform, has raised Rs 185 crore, led by an affiliate of Warburg Pincus, with participation from existing investors Canaan Partners and Tiger Global. The fund infusion will be utilised to diversify CarTrade's offerings for consumers and dealers.
Indian Angels invest in Zippr
Zippr, a Hyderabad-based technology start-up, has raised an undisclosed amount of funding led by Indian Angel Network and a few other investors. Since their beta launch in December 2013, Zippr has seen good traction and has tied-up with GVK-EMRI that runs the 108- ambulance service in 16 states providing emergency services to 800 million people.
If you have any information to share, please write to bsreporter@bsmail.in
