Fundings & Exits

Sources: Magic Is Raising $12M From Sequoia At A $40M Valuation

magic Magic, an SMS-based on-demand delivery service that started as a YC company’s weekend project, is raising $12 million in Series A funding led by Sequoia, according to sources. Sources also say that the company, which is just a month old, is valued at $40 million pre-money.
Magic lets users text a single number to get anything* delivered on demand. For an extra fee, of course. Read More

Victor Raises $8M To Take On-Demand Private Jet Booking App To U.S.

New_York_W6_FT_LR The ‘Uber for X‘ gravy train shows no signs of slowing. From house cleaning to getting high, various services are being distilled into a mobile app and made as convenient to book, or ‘on-demand’, as is technologically possible. And because rich people need convenience too, the list of Uber-styled startups also includes apps that let you easily book a private jet. Read More

BetterCloud Raises $25 Million From Accel To Create Universal Tools For Monitoring The Office Cloud

541713666_e773d1f247_o The cloud revolution continues to gobble up old players, and none more so than in office productivity. Microsoft, once the Borg of office software with its Office and Exchange products, has faced immense competition to its Office 365 online subscription service from Google and now even from Apple, which brought its own online versions of Pages and Numbers out of beta last month. That… Read More

Fashion Discovery Site Roposo Grabs $5M From Tiger Global

roposo Roposo, a social network and discovery platform for fashion products based in Gurgaon, announced today that it has raised $5 million in new funding from Tiger Global. Read More

How Much Should You Charge For Your Airbnb? Beyond Pricing Scores $1.5M To Tell You

Beyond Pricing Hotels have sophisticated pricing engines to tell them how much their rooms should cost. Airbnb hosts don’t, or at least didn’t until Beyond Pricing. The startup’s tool plugs into your Airbnb listing, and uses signals about future demand to automatically reprice your room on the fly. Beyond Pricing will charge a 1% fee of people’s Airbnb rate, but can help hosts make 10%… Read More

Bangalore-based Mango Man Consumer Electronics Picks Up $1.75M From Sequoia And India Quotient Fund

Teewe Mango Man Mango Man Consumer Electronics, a Bangalore-based startup that makes home entertainment hardware, has scooped up $1.75 million in seed funding from Sequoia Capital and India Quotient Fund. Read More

FinancialForce Hauls In $110M Investment

Pile of US bills; packet of hundreds on top of loose one dollar bills. FinancialForce, the cloud ERP system (enterprise resource planning) built on top of the Salesforce1 platform, announced a new round of funding tonight, landing $110M in additional investment. This round follows a $50M round just last April. Today’s investment is led by Technology Crossover Ventures with additional money coming from Salesforce Ventures. It brings the total investment… Read More

Cruiseable Wants To Disrupt The Cruise Ship Sector, So Far Ignored By Others

Screen Shot 2015-03-26 at 03.59.45 The cruise experience is so damn opaque that few can figure out what exactly is the right experience, especially amid all the schmaltzy marketing. Cruiseable is a new startup aimed at matching those who want a cruise ship vacation to the experience that fits them. On the face of it, it doesn’t sound that disruptive. But anyone familiar with the cruise industry may recognise how useful… Read More

Taiwan’s 91APP Raises $9M To Make Launching E-Commerce Apps Easier

91App 91APP, a Taipei-based startup that wants to make it easy for small merchants to launch e-commerce apps, has raised $9 million in series A funding, led by AppWorks with participation by CID Group, NineYi Capital, Hung-tze Jan (founder of PChome, one of Taiwan’s leading e-commerce marketplaces), and Senao chairman Paul Lin. Read More

Kickstarter Spotlight Gives Project Creators Better Post-Funding Storytelling Tools

launch-gif-large Kickstarter has a new project page layout called Spotlight that acts as a showcase that outlasts each project’s actual crowdfunding campaign. The new Spotlight landing pages put much more focus on the results of the projects themselves, with pages that can be changed by the companies and individuals who ceated the campaign to reflect updates to the story. The new landing pages can also… Read More