Startup Funding Alert: Electric vehicle startup Rivian gets $2.5 billion in added funding

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Electric vehicle startup Rivian says it has raised another $2.5 billion in funding from accounts advised by investment firm T. Rowe Price.

The company has a contract with Amazon to build 100,000 electric delivery vans starting next year at its factory, a former Mitsubishi plant in Normal, Illinois. Rivian also is rolling out a pickup truck and an SUV for sale to consumers next year.

The company said that investors in this round include Soros Fund Management, Coatue, Fidelity Management and Research, and Baron Capital Group. Amazon and hedge fund BlackRock have invested previously and also are part of this round, Rivian said.

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Electric vehicle startup Rivian gets $2.5 billion in added funding

DETROIT - Electric vehicle startup Rivian says it has raised another $2.5 billion in funding from accounts advised by investment firm T. Rowe Price. The company has a contract with Amazon to build 100,000 electric delivery vans starting next year at its factory, a former Mitsubishi plant in Normal, Illinois.

Startup Funding Alert: Pune Based Tech Startup 'GigIndia' Raises Rs 7.3 Cr In Pre-Series A Funding Round

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Pune-based tech startup GigIndia has raised Rs 7.3 crore in pre-Series A funding round led by Incubate Fund India with participation from Beyond Next Ventures.

Founded by Aditya Shirole and Sahil Sharma in 2017, GigIndia is a Pune-based tech startup that helps businesses to scale faster with on-demand curated workforce across India.

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Pune Based Tech Startup 'GigIndia' Raises Rs 7.3 Cr In Pre-Series A Funding Round

Pune-based tech startup GigIndia has raised Rs 7.3 crore in pre-Series A funding round led by Incubate Fund India with participation from Beyond Next Ventures. The funding round also saw the participation from existing angel investors S Ramadorai (former TCS CEO); Ravi Nigam (former MD & Co-founder of Tasty Bite Eatables); Kiran Deshpande (former CEO of Tech Mahindra); and Shashank Deshpande (Co-founder of Clarice Technologies).

YourStory Weekly Funding Roundup: Investments into startups touch $106 million for the week July 6-11, 2020

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YourStory Media - Weekly funding roundup: Investments into startups touch $106 million during the week July 6-11, 2020

As per YourStory Media, the second week of July has been very eventful for the Indian startup ecosystem with total investments crossing the three figure mark of $100 million after a gap of nearly six weeks. This period also witnessed a leading edtech startup acquiring another upcoming company. The total funding during the second week stood at $106 million which was a 194 percent increase when compared to previous week when it was $36 million.

The following startups have raised the funds during the week July 6-11, 2020:-

1. Zolostays Zolo - US $56 mn

2. JetSynthesys Pvt. Ltd. - Rs 300 Cr

3. Specsmakers - Rs 23 Cr

4. Frontier Markets - $2.25 mn

5. PiggyRide - Rs 14 Cr

6. Blue Sky Analytics - $1.2 mn

7. GigIndia - Rs 7.3 Cr

8. Inspektlabs - $0.6 mn

9. Gobbly - $0.5 mn

10. Chai Waale - Rs 1.75 Cr

11. Brigade Real Estate Accelerator Program (REAP) - Undisclosed

12. NOTO - Undisclosed

13. Green Cure Wellness - Undisclosed

14. Earth EnergyEV - Undisclosed

15. Brainwired (Drakon Innovations Pvt ltd) - Undisclosed

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[Weekly funding roundup] Investments into startups touch $106 million

The second week of July has been very eventful for the Indian startup ecosystem with total investments crossing the three figure mark of $100 million after a gap of nearly six weeks. This period also witnessed a leading edtech startup acquiring another upcoming company.

Inc42 Media: Indian Startup Funding Of The Week [July 6- 11, 2020]

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Inc42 Media: Indian Startup Funding Of The Week [July 6- 11, 2020]

As per Inc42 Media, the following startups have raised funds during the week July 6-11, 2020:-

1. PolicyBazaar.com ($130 Mn)

2. Zolostays Zolo ($56 Mn)

3. Aye Finance Pvt. Ltd ($16 Mn)

4. Zomentum ($4.1 Mn)

5. Specsmakers ($3 Mn)

6. Frontier Markets ($2.25 Mn)

7. PiggyRide ($1.8 Mn)

8. CARS24 ($1.3 Mn)

9. Securden, Inc ($1.2 Mn)

10. Blue Sky Analytics ($1.2 Mn)

11. payAgri Innovations Pvt Ltd ($600K)

12. Chai Waale ($232K)

13. Decentro (Undisclosed)

14. Brainwired (Drakon Innovations Pvt ltd) (Undisclosed)

12. EdHusk (Undisclosed)

13. TagHive Inc. (Undisclosed)

14. Green Cure Wellness (Undisclosed)

15. Earth EnergyEV (Undisclosed)

16. NOTO (Undisclosed)

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Funding Galore: Indian Startup Funding Of The Week [July 6- 11]

SoftBank has infused an additional $130 Mn in PolicyBazaar's parent company Aye Finance has raised $16 Mn in debt, two weeks after raising $27 Mn in venture capital Freshworks has acquired Pune-based cloud platform Flint for an undisclosed amount We bring to you the latest edition of Funding Galore: Indian Startup Funding Of The Week!