Tech Financing in India this week — robotic process automation (RPA) leads

by Lillie Zhou

Robotic Process Automation (RPA) is a fast-evolving technology that uses software robots to automate business processes that will likely to be adapted to traditional industries. On July 3, Automation Anywhere raised USD 250 Million in a Series A funding round, taking the company’s valuation to USD 1.8 billion. New Enterprise Associates (NEA) and Goldman Sachs Growth Equity led the round. Automation Anywhere, a RPA company, operates globally with over 1,000 clients. It works with enterprises from various industries to automate their processes using natural language processing and deploys the software alongside the clients’ human workforces. The startup said it will use the funds to rapidly expand its operations, accelerate its global customer acquisitions, and develop its products.

  1. On June 28, Wow Express secured USD 4.5 Million in a Series A funding round from one of its existing investors — the Tamarind Family Private Trust of the Mansukhani family. Wow Express is an ecommerce delivery platform based in Mumbai. It will use the new capital to expand its geographical presence, improve its technology platform, and strengthen its senior management team.
  2. On June 29, Edureka raised USD 2 Million from Leo Capital, a venture capital fund known for investing in technology companies. Edureka is a Bengaluru-based elearning platform that provides education services in trending technology fields like big data, cloud computing, blockchain, and data science. Edureka aims to use the investment to fulfill its aggressive growth plans and improve its management team.
  3. On June 29, Cashify secured USD 12 Million in a Series C round of funding led by China’s CDH Investments and MorningSide Group, with Chinese ecommerce company AiHuiShou participating as a strategic investor. Cashify is an ecommerce startup that enables its customers to sell their old mobile phones online and get instant cash along with free home pick-up. With the partnership, Cashify will expand its offline footprint.

On July 2, Biryani by Kilo (BBK) raised around USD 1 million in a pre-series A funding round led by Ajay Relan, founder and chairman of CX Partners. Vinay Mittal, chief financial strategist of HT Media, also participated in the round. BBK is a food startup that plans to use the recently raised funds to expand across India and scale up its operations. It aims to achieve annual sales of INR 40 Cr by March 2019.

 

(Top photo from unsplash.com)

AllTechAsia Staff

AllTechAsia is a startup media platform dedicated to providing the hottest news, data service and analysis on the tech and startup scene of Asian markets in English. Write to us: info[at]alltechasia.com.

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