Here’s a list of today’s tech funding stories, updated as the day unfolds. Tip us here if you have a deal to share.
In the latest sign that India’s e-commerce market is surging,ShopClues announced today it had raised $100 million in a round led by Tiger Capital. ShopClues, launched almost four years ago, provides an online platform that creates a marketplace that matches sellers and buyers. Its competitors in India include Flipkart and Snapdeal.
Rubikloud grabs $7M
Rubikloud, a Canadian company helping retailers analyze their data, announced it has raised $7 million in new funding. led TOM Group and Ule led the round, with additional participation from Access Industries and other private investors.
Read more: Press release
Insert raises $5M
Insert, an Israeli company working on tools for mobile development, announced it has raised $5 million in new funding. Shlomo Kramer, Mickey Boodae, and Rakesh Loonkar provided the funding.
Read more: Press release
Ndreams, which last week announced its virtual-reality arcade shooter Gunner for the Samsung Gear VR, has raised $2.75 million in a new round of funding. Virtual reality is a hot new platform that showed more momentum at the recent 2015 International CES, the big tech trade show in Las Vegas. Samsung showed off its Gear VR device, which combines a Samsung Galaxy Note 4 smartphone with an Oculus VR-based headset. And Ndreams is one of the companies that wants to be one of the pioneering game developers at the start of the VR market.
Scottish startup PureLiFi has announced a £1.5 million ($2.25 million) funding round — valuing the company at £14 million ($21 million) — as it looks to introduce Internet connectivity via light bulbs around the world. Founded in 2012, PureLiFi — previously known as PureVLC — is a spin-out from the University of Edinburgh in Scotland’s capital, and is led byProfessor Harald Haas. During a TED talk he gave back in 2011, Haas popularized the term “Li-Fi” to describe networked, bi-directional, wireless communication that uses visible light instead of traditional radio frequencies.
This list will be updated with breaking funding news all day. Check back for more.
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