On-demand Delivery Solutions Platform, Roadrunnr Raises $11mn In Series A funding

Company Name : Roadrunnr
Funding Amount : $11mn
Investor(s) Sequoia Capital, Nexus Venture Partners Blume Ventures.
Funding Round : Series A


Roadrunnr, a B2B online platform and service provider for hyper local logistics, has raised $11 million from Sequoia Capital and Nexus Venture Partners and Blume Ventures. This investment will help Roadrunnr enhance its technology platform, expand nationally and build a dense delivery network.

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Bangalore based Roadrunnr aspires to provide every merchant in India the capability to deliver orders rapidly and on-demand to customers in their locality by connecting them with a supply force using mobile technology.

The company caters to merchants, restaurants and ecommerce companies, managing their deliveries in a cost effective manner while adhering to service level agreements. Roadrunnr has quickly grown to have the largest fleet for on-demand services in Bangalore and has recently started operations in Delhi NCR. It now plans to take this model across India and develop the largest fleet of on-demand hyperlocal delivery carriers in the country.

The company partners with students, drivers and others who work with Roadrunnr on a part time basis. Their pricing model differs from other aggregators as they charge merchants a flat fee based on their shipment size rather than the value of the order.

The company has previously raised seed funding from Nexus Venture Partners and Blume Ventures.

Lybrate Secures $10.2 M Funding From Tiger, Nexus And Ratan Tata

Company Name : Lybrate
Funding Amount : $10.2mnlybrate
Investor(s): Tiger Global, Nexus Venture Partners and Ratan Tata .
Funding Round : Series A


Since the launch of the Lybrate app in January this year, the company has seen a massive growth with more than 80,000 doctors from various specialties from across India currently connected with its service. With more than half a million downloads in the last five months and over 100,000 patients visiting the platform every day, Lybrate’s popularity has been growing exponentially.

Before bringing any doctor on its platform, Lybrate runs a background check to verify medical licenses and credentials. The users can seek multiple opinions from doctors for free on the open platform, or start a one-on-one dialogue privately for a fee with doctors and share text, photo and voice. While interacting on an open platform, the physicians can also endorse answers of other doctors.

Indix Raises $15mn in Series B From Nokia Growth Partners, Nexus And Avalon Partners

Indix, the cloud-based Product Intelligence company that provides analytics and insights for brands, retailers and commerce enablers, today announced that it raised $15 million in new funding from Nokia Growth Partners, Nexus Venture Partners and Avalon Ventures.indix

The funding comes after a record Q1 in 2015, bolstered by more than 250 percent growth in year-over-year revenue and from relationships with major brands and retailers. Indix will use the funding to grow its team of data scientists and engineers as well as expand its sales and marketing efforts.

“Product Intelligence is now an essential service for commerce,” said Sanjay Parthasarathy, founder and CEO of Indix. “Every business – from those creating products, to those selling and helping sell products – has realized that in order to compete, they need deep product information that’s constantly up to date. This new investment enables Indix to accelerate the development of our Product Intelligence platform and extend the benefits to new use cases, new customer segments, and new geographies.”

The Indix Product Intelligence platform provides brands, retailers and commerce enablers access to deep insights, machine learning algorithms and comprehensive product information, including price, assortment, channel and other attributes for nearly one billion products. Businesses use the Indix App and APIs to speed decision making, improve how products are sold and develop innovative ways to create Product-Aware apps and websites that capitalize on the $1.5 trillion e-commerce market.

Rancher Labs Secures $10M For Managing Container Infrastructure

Rancher Labs, a startup developing Docker infrastructure software has raised $10M in Series A funding from Mayfield and Nexus Venture Partners. With the rapid adoption of container technology, the company’s open source software has gained in popularity by allowing organizations to run containers in production, across any cloud. The funding will be allocated to furthering product development and expanding the company’s engineering and development teams.

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“Containers are quickly becoming the de-facto large-scale production platform for application deployment,” said Sheng Liang, co-founder and CEO of Rancher Labs. “Our goal is to provide organizations with the tools needed to take full advantage of container technology. By developing storage and networking software purpose-built for containers, we are providing organizations with the best possible experience for running Docker in production. As we prepare for the upcoming launch of our flagship Rancher product, we are thrilled to be partnering with investors who truly believe in our unique vision.”

Rancher’s growth has come as containers are fundamentally changing the way infrastructure is consumed. Based on the technology’s current requirements, Rancher is developing innovative solutions for container infrastructure, including networking, load balancing, monitoring and storage, designed specifically for containers. With this new approach, Rancher makes it easier for organizations to adopt Docker, deploy it anywhere and manage it in production.

Arkin Net Raises $15M in Series B from Nexus Venture Partners and Strategic Investors

Data center startup, Arkin Net has raised $15mn from Nexus Venture Partners and industry veterans including B.V. Jagadeesh (formerly CEO at NetScaler).

Arkin also announced the availability of their Platform and Cloud Service, that brings unprecedented visibility and converged operations to software-defined data centers (SDDC).

With a radically simple Google Search-like experience, Arkin Platform enables organizations to rapidly search, analyze, share and collaborate across virtual and physical layers of their infrastructure. The platform can be deployed on-premise or consumed as a service in the Arkin cloud (SaaS).

The Arkin advisory board consists of industry luminaries including Alan Cohen (CCO at Illumio and formerly VP Marketing at Nicira), Dheeraj Pandey (Founder and CEO, Nutanix) and Denis Murphy (VP Sales, Nimble Storage).

Aryaka Raises $16 Million in Funding Led By Nexus

Aryaka-logo_thumb.pngAryaka, WAN as-a-Service startup has raised $16 million in funding, led by Nexus Venture Partners and joined by existing investors Trinity Ventures, InterWest Partners, Mohr Davidow Ventures, and Presidio Ventures.
The majority of the funds raised will be made be use for expanding the company’s global sales infrastructure in response to the rapidly growing demand for Network and Application Acceleration as-a-Service offerings.