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Funding Digest: FirstCry, LinguaNext & BankBazaar Raise Funds

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Funding Digest9-001

Chennai Based BankBazaar Raises $13 million from Sequoia Capital

Chennai based Financial Services portal, BankBazaar.com has raised Rs. 80 Crore ($13 mln) Series B Funding from Sequoia Capital. Their existing investor Walden International also participated in the round.

BankBazaar.com had raised $6 million Series A investment in 2011. Prior to that they had also got $1 million from Chennai based AVT Infotech in 2008.

The funds raised will be utilized to increase their category offerings to home, car, personal, education loans and credit card products.

BankBazaar.com was founded in 2008, and offers aggregation and comparison of various offerings by financial institutions like customized insurance and home loan quotes.

Pune Based LinguaNext Raises Undisclosed Funds From Helion Ventures

Pune Based LinguaNext, a company offering language management platform for software applications, has raised undisclosed Series A Funding from Helion Venture Partners.

Founded by Jagdish Sahasrabudhe and Rajeev Phadke LinguaNext has developed a completely new and transparent approach that enables enterprise applications to be localized into multiple languages without making any changes to the application code or database

The raised funds will be utilized to fuel its international growth and strengthen their mobile offerings. As a part of the deal, Alok Goyal, Partner, Helion Ventures, will join the board of the company.

LinguaNext currently has 70 large enterprise customers which include 25 of the Global 2000, and a deployment base of over 1,000,000 end users. The company plans to focus deeper on US and Japanese markets along with increasing their growth in India.

FirstCry Raises $15 million in Series C Funding From Vertex Venture Holdings

Pune based online baby and kids product retailer FirstCry.com has raised $15 million in Series C investment from Vertex Venture Holdings reports TechCircle citing their sources.

FirstCry was founded by Supam Maheshwari and Amitava Saha in 2010. They have previously raised two rounds of VC funding totaling $18 million from SAIF Partners and IDG Ventures.

According to their site, FirstCry has over 70,000 baby and kid products across 400 brands and over 5 lakh customers have ordered from their site.

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