Tech funding: Swiggy, Earnin, Shop101, Fair, Simplifya

Technology companies such as Swiggy, Earnin, Shop101, Fair, Simplifya, Cielo, Cloud Constellation, among others, have announced their latest funding rounds.
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Food delivery platform Swiggy has raised $1 billion in funding led by existing investor, Naspers. The other news investors are Tencent and hedge funds Hillhouse Capital and Wellington Management. The new round will take the valuation of the start-up to $3.3 billion.


Shop101, a social commerce platform which enables entrepreneurs to build a business with zero investment, has raised $11 million in Series B funding from Kalaari Capital and Unilever Ventures. Existing investors, Stellaris Venture Partners, Vy Capital and Ramakant Sharma (Livspace co-founder) also participated in the round.


Earnin, an app that allows anyone with a job and a bank account to get paid the minute they leave work, raised $125 million equity financing from DST Global, Andreessen Horowitz, Spark Capital, Matrix Partners, March Capital Partners, Coatue Management, Ribbit Capital and the a16z Cultural Leadership Fund.


AvantStay, a hospitality brand aimed for group travel, announced an additional $5 million round of funding led by Bullpen Capital. Other investors include F-Prime Capital, Zeno Ventures, and Convivialité Ventures, with participation from existing investors Abstract Ventures and Presidio Bay Ventures.


Fair, a car-as-a-service provider, has raised $385 million in a Series B financing led by SoftBank. The round includes additional investments from Exponential Ventures, Munich Re Venture’s ERGO Fund, G Squared, and CreditEase.


Simplifya, a developer of regulatory compliance software for the cannabis industry, has raised $3 million in Series C funding — led by Merida Capital Partners. Simplifya closed a $3 million Series B funding round in February 2018.


Cielo, a recruitment process outsourcing (RPO) provider, will sell a majority equity stake to from Accel-KKR (AKKR).

Cloud Constellation

Cloud Constellation Corporation, a space-based cloud service provider of data security services, will receive $100 million from HCH Group Company towards its Series B equity round.