• KreditBee

  Participated · Series D · Mar 2024

  KreditBee was reported by Moneycontrol to have raised $280 million in a funding round that propelled it into unicorn status. The article identifies the company as a fintech but does not provide additional operational or product details. No revenue, user metrics, or other performance data were mentioned in the coverage. The report did not include the company's founding year or headquarters location. Future plans or stated use of the new capital were not detailed in the article.

• Yoyi Digital

  Led · Series D · Aug 2022

  Yoyi Tech is an omnichannel intelligent marketing platform founded in 2007 that leverages its Advertising, Data and Marketing clouds together with big data and AI. The company provides products and services to help clients acquire new customers, improve customer experience and drive business growth through digital marketing transformation. It combines advertising, data and marketing capabilities to enable omnichannel marketing execution. Recently Yoyi Tech completed a USD20m D+ financing, strengthening its financial position. The company also acquired LinkFlow, which will operate independently as a subsidiary under Yoyi Tech Group. LinkFlow focuses on building the next generation of Customer Data Platform and Marketing Automation Platform, supporting Yoyi Tech's expansion in MarTech. Yoyi Media provides precision-targeted online advertising and marketing solutions, offering both impression-based and performance-based ad products. Its platform enables targeting based on age, profession, geographic location, income level, personal interests, behavior, time and location. The platform has been used by advertisers including Toyota, P&G, Dell, Microsoft, Adidas and Carlsberg. Following its Series B, the company plans to use capital to enhance its video and rich media advertising platform and to expand its sales force and marketing network. In conjunction with the financing, Ren Riley of Oak Investment Partners will join the company’s board of directors. Founded in 2007 by CEO Junfeng Liu, Yoyi Media maintains support centers in Beijing, Shanghai and Guangzhou. Yoyi Media offers a product suite that delivers highly targeted advertising and promotional materials based on individual viewer characteristics such as age, profession, location, income level and interests. The company’s platforms serve both advertisers and media publishers and count China’s top-ranked websites and global brands like Audi, China Merchants Bank, Intel, Microsoft and Nokia among its customers. Yoyi completed a Series A financing to accelerate its business strategy and further enhance its advertising and brand-building platforms. Management intends to use the funding to deliver additional functionality to marketers and capture a larger portion of China’s growing online advertising market. CEO Junfeng Liu said the new funding will allow Yoyi to expand its performance marketing solutions to help clients drive additional sales and revenue growth. The company focuses on precision targeting to improve campaign performance and monetization for publishers.

• Cashify

  Led · Series E · Jun 2022

  Cashify operates an eponymous marketplace—via website, app, physical stores and kiosks—for users to buy and sell used smartphones, tablets, laptops and other gadgets. It powers refurbishing programs for smartphone makers including Apple, Samsung and Xiaomi, repairing and refurbishing returned or used devices. Smartphones account for roughly 90% of the company's revenue. The startup has pursued an omnichannel strategy, operating over 120 company stores across 65 cities and targeting expansion to 200 cities this year. Cashify also licenses its enterprise business in markets such as the UAE, Turkey and Bangladesh and offers a diagnostic tool to evaluate devices for partners' buyback and exchange programs. The company plans to deploy the new funding to expand its team and enhance refurbished capabilities while leveraging a data- and tech-first approach to scale and minimize working capital. Cashify is an online marketplace for refurbished electronic devices, offering smartphones, laptops, desktops, tablets, and gaming consoles. Founded in 2015, smartphones account for about 90% of its business and it plans to increase other categories to 15% this year. The company operates roughly 60 offline stores, most of which its CEO says are profitable, and runs an enterprise SaaS platform it intends to offer to other businesses. Cashify will use the fresh funding to grow its enterprise SaaS globally, expand its offline/O2O retail footprint (including Tier II markets and distribution partnerships), hire, and invest in branding. The startup has seen interest in its enterprise SaaS from the Middle East, Latin America, and Russia and expects around 100% growth in 2021 after returning to pre-COVID levels in September. Management aims for the company to be profitable within the next four quarters. Cashify is a recommerce startup that operates an online marketplace for buying and selling used mobile phones. The company announced it raised $12 million in a financing disclosed on Thursday. The round was led by CDH Investments, described in the article as a China-based private equity firm, and Morningside Ventures, an early-stage fund. Strategic investor AiHouShou also participated alongside other unnamed backers. The article provides no operating metrics, valuation, or detailed terms of the financing. Further company specifics, such as prior rounds or founding year, were not included in the report. Cashify runs an online platform that enables customers to sell used electronic gadgets and receive instant cash. Founded in 2013 by Nakul Kumar and Mandeep Manocha, the app handles devices including mobile phones, laptops, tablets and televisions. The company says it has bought Rs 355 crore worth of second‑hand gadgets since inception and reports 471,000 users and 524,000 gadgets encashed. Cashify inspects phones in under 60 seconds with customer approval, picks devices within 48 hours and provides cash on the spot without pickup charges. It acqui-hired MobiBing in 2016 and counts partnerships with Amazon, eBay, Croma, Google, Ezone, Apple and Snapdeal. The company will use the newly raised funds to support expansion and product innovation. ReGlobe.in, operated by Manak Waste Management Pvt. Ltd, is a recommerce marketplace that connects sellers of used electronic gadgets to merchants. The website allows customers in 14 cities to sell laptops, mobile phones and tablets by receiving an instant quote, arranging home pickup, and paying sellers cash immediately. Founded in 2013 by Nakul Kumar and Mandeep Manocha, the company plans to expand to 30 cities and broaden its product categories. ReGlobe says it will use the new funding for expansion and product innovation. The article cites a report forecasting the Indian second-hand and recycled products market to surpass ₹1.15 trillion ($18.4 billion) by 2015 and notes the segment grew threefold in 2014. The company has raised an undisclosed amount of early-stage funding from Bessemer Venture Partners and Blume Ventures.

• d.light

  Participated · Series D · Sep 2016

  d.light designs and distributes solar-powered household products and offers PayGo consumer finance to make them affordable to low-income, off-grid households. The company uses securitized receivables financing to scale distribution and fund its PayGo offering across sub-Saharan Africa. The new multi-currency facility will purchase $176 million of receivables in Kenya, Tanzania and Uganda and is intended to enable access to renewable energy for an estimated six million people over the next three years. With this facility, d.light has a combined securitized financing purchasing value of $718 million across five facilities since 2020, including two in Kenya, one in Nigeria and one in Tanzania. Management says these receivables-based facilities let d.light remain consistently cash-flow positive and remove the requirement for further external equity fundraising. Earlier this year its $110 million Brighter Life Kenya 1 facility fully repaid senior debt ahead of schedule from internally generated cash flows — a first in the off-grid solar sector. d.light designs and sells solar-powered home systems and other essential solar household products, paired with a Pay‑Go personal finance service to make units affordable for low-income customers. Founded in 2007, the company launched its first solar product in 2008 and expanded into markets including Kenya, Uganda, Tanzania and Nigeria, where it began operations in 2022. d.light says it has sold nearly 30 million products, affecting over 150 million people, and aims to reach a billion people in developing countries by 2030. The company reported a 41% revenue surge in the first half of 2023, primarily driven by its Nigerian operations. d.light has also used securitised finance in other sub‑Saharan markets to raise capital for off‑grid solar and is applying that experience to scale in Nigeria. d.light sells affordable household solar products and provides low-cost Pay-Go financing to low-income families, offering items such as solar lanterns, solar home systems, TVs, radios, and smartphones. The company has sold nearly 30 million products globally. It operates a finance model that leverages customer payments for solar purchases to raise capital and expand market share. d.light plans to scale its Pay-Go personal finance service in Tanzania using the new securitization capital. The company maintains an office in Arusha City, Tanzania, employing over 50 full-time staff to support local operations and the finance facility. d.light is a global for-profit social enterprise that manufactures and distributes solar lighting and power products designed to serve the more than 2 billion people without reliable electricity. Founded in 2007 by Ned Tozun, the company has sold 19 million solar products and operates a distribution network of over 15,000 retail outlets. In 2016 d.light launched a fully integrated Pay-Go solar home system and d.light Atlas, a proprietary back-end payment management system. The company has offices in San Francisco, Nairobi and New Delhi. d.light raised $50m in debt financing from the European Investment Bank, responsAbility Investments, Social Investment Managers & Advisors (SIMA), SunFunder and another mission-aligned investor. It intends to use the funds to continue scaling globally, launch new appliances and solar home system offerings, and provide financed Pay-As-You-Go solar home systems to additional customers in existing and new markets. d.light is an off‑grid solar solutions company that sells solar light and power products and operates in 62 countries across Africa and Asia. Founded in 2007 and led by CEO Ned Tozun, the company is based in San Francisco, Nairobi and New Delhi. It uses Pay‑as‑you‑Go (PayGo) financing to reach low‑income families and aims to serve the more than 2 billion people globally without reliable electricity. d.light recently raised an additional $10.5m comprising $5m in equity from Norfund and $5.5m in grants from Beyond the Grid and the Shell Foundation. Prior to this, the company raised $22.5m in a Series D and $7.5m in debt financing. The new funds will be used to expand operations and bring clean off‑grid power to more low‑income households in Africa and Asia.

No current team members are available.