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Funding Daily: Be lazy, get millions


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It’s Friday and if you’re still in the office, you’re probably dreaming of a glass of wine and some quality time with your couch.

(Oh, you’re thinking about hitting up the town and having fun with actual humans? WELL, ISN’T THAT NICE.)

Two of our funded companies today are enabling your sloth-like tendencies by delivering you all your needs straight to your front door. Be it food for your dog, a new cell phone, or new underpants, these companies have you covered. And it seems investors like that idea too. Both businesses received funding over $20 million.

Who said being lazy never gets you anywhere.

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HomeShop18′s $30M investment shows India’s e-commerce market growth

Indian home shopping business Homeshop18 has closed a $30 million funding round as it edges closer to an IPO. Homeshop18 claims to be the largest home shopping and e-commerce business in India. It launched the first home shopping channel in 2008, and sells everything from mobile phones to apparel. Hedge fund manager OCP Asia has invested $15 Million into the company, matched by an equal contribution from mass media company Network18. The terms of the deal stipulate that Network18 will remain the majority stakeholder in HomeShop18. Read the full story on VentureBeat.

Motif raises $25M so you can invest in death, junk food, and pets

Motifs may have been the bane of your middle school English existence, but online investment platform Motif wants to make your life easier, or at least richer. Today, the company that “pioneered ideas-based stock investing” announced that it has raised $25 million in its third round of financing from Goldman Sachs, as well as existing investors Foundation Capital, Ignition Partners, and Norwest Venture Partners. Motif is an online broker that organizes potential stock investments into topical portfolios, or “motifs.” Rather than investing in a series of companies spread over multiple sectors, investors invest in themes that they believe in. Read the full story on VentureBeat.

Relay Foods sows $8.25M to bring local groceries to your door

In today’s busy world, people don’t always have time for grocery shopping. Relay Foods has raised $8.25 million to do it for you. Relay Foods is an online grocery service that currently operates in the Mid-Atlantic region. People shop online through a selection of inventory from local farms, artisan producers, and grocery stores. Relay Food gathers the order and delivers it to a pick-up spot or right to your door. This $8.25 million brings Relay’s total capital raised to $14.25 million. Participating investors include Battery Venutres, TomorrowVentures, and Quantitative Investment Management. Relay Foods is based in Charlottesville, Virginia. Read the full story on VentureBeat.

ForSight Vision5 sees $8M in new funding for emerging eye tech

ForSight Vision5, a mysterious eye technology startup from the incubator ForSight Labs, has raised $8 million in new funding, according to a new SEC filing. Menlo Park, Calif.-based ForSight Labs has spun off several startups, all of which aim to make life better for the vision-impaired. It was originally launched by Morgenthaler Ventures, Split Rock Partners, and Versant Ventures. The company’s latest project is ForSight Vision5, which carries this description on its website: “ForSight Vision5 is evaluating a variety of technologies to address important unmet patient needs in key ophthalmic markets.” Read the full story on VentureBeat.

Duedil lets you do your own company background checks with $5M in funding

U.K.-based Duedil raised $5 million this week to help businesses do their homework on companies they might create a relationship with. The Duedil tool lists company information such as accounting data, any legal issues that company has run into, backgrounders on the directors at that company , and more. While this information might be otherwise available, Duedil puts it into one place and continues to aggregate data through both the Companies House, as well as other, free data sources. The investment was led by Notion Capital and Oak Investment Partners, with participation from all previous investors, and Shakil Khan. Read the press release.

Sloth image via Shutterstock