AngelList, the Silicon Valley-based online platform which allows startups to raise capital from accredited investors, has finally entered India. It has appointed Utsav Somani (previously working with LetsVenture) as an Advisor to spearhead its operations in the country.
8TV, a San Francisco based startup, has raised $500K from RedCliffe Capital Managing Partner Dheeraj Jain, Google executive Tidhar Carmeli, and AngelPad’s Thomas Korte. Tech giant Amazon has also invested about $100K (INR 66 lakh) worth of AWS services credit in the company, according to an official statement.The funding will be utilized to strengthen the platform and enter into new Asian markets, including India. 8TV will begin operations in India with The Man Company, a Gurgaon-based digital platform offering grooming products for men.
Community services platform Zipgrid has raised $200,000 in equity financing from 1Crowd, an ecosystem for startups. Zipgrid community solutions aim to optimise costs, through its commerce solutions and is now looking to expand its footprint and invest in strengthening technology and operations.
US-based adtech startup AdPushup has raised an undisclosed amount in its Series A investment round led by Geniee Inc whose major shareholders include Softbank Group Corp. Purvi Capital and existing investors also participated in the funding round. As a part of the investment, the company would be extending services to Japan and Southeast Asia.
The home-sharing company Airbnb Inc is raising $850 million, according to a disclosure filed with the state of Delaware. The equity round values the San Francisco-based company at $30 billion, people told Bloomberg in June. The private stock market company Equidate provided Airbnb’s July 28 filing.