Today’s Deals – Rinse raises $6 million to expand its laundry pick-up and delivery service

Rinse app place order Rinse Inc. has raised a $6 million Series A round of venture funding to pick up and clean anything in its customers’ closets. According to Chief Executive Ajay Prakash, who cofounded Rinse in 2013 with Chief Operating Officer James Joun, “We never wanted to b Uber for laundry, and don’t consider ourselves an on-demand business.” The startup provides garment care services… Read More

from TechCrunch

Today’s Deals – Diamanti emerges from stealth with appliance to modernize operations in containerized world

concept picture of computer network Diamanti, a startup aimed at solving the problems around balancing networking and storage requirements in the age of containers, emerged from stealth today with a new appliance and $12.5 million in Series A funding from a prestigious list of investors. Perhaps those investors — Charles River Ventures, DFJ Venture, GSR Ventures, and Goldman Sachs — liked the pedigree of the… Read More

from TechCrunch

Today’s Deals – India’s Jugnoo wraps up $10M Series B for ‘Uber for auto-rickshaws’ service

auto rickshaw india Jugnoo, a startup that provides an Uber-like service for auto-rickshaws in India, has closed out its Series B round having raised a total of $10 million. Investors included Snow Leopard, Rocketship.vc, Alibaba-backed payments firm Paytm, and the CEO of Snapdeal-owned Freecharge. Read More

from TechCrunch

Today’s Deals – Alibaba confirms $1.25B investment in food delivery service Ele.me

Alibaba Southeast Asia wasn’t the only new market that Alibaba jumped into with a billion dollar deal last week. Beyond a deal with Rocket Internet’s Lazada, the e-commerce giant also confirmed a $1.25 billion investment in Ele.me, a leading food delivery startup in China. Read More

from TechCrunch

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