IT company Yugabyte has raised $48 million in a funding round led by Lightspeed Venture Partners while Cashify has secured $15 million. Separately, MX Player, which owns and operates short video entertainment app MX TakaTak, is in talks for up to $150 million financing.
Lightspeed leads funding in Yugabyte
Yugabyte, a maker of open source distributed SQL database, has raised $48 million in a funding round led by Lightspeed Venture Partners, it announced on Wednesday. The round also saw participation of Greenspring Associates, Dell Technologies Capital, Wipro Ventures and 8VC.
With the new infusion, Yugabyte is building out its engineering, DevOps and support staff in India, Russia and Canada. It also recently acquired India-based Falarica.io to accelerate its development and recruiting efforts in the APAC region.
The company is also expanding its sales teams in EMEA and APAC, it said in a statement. It has raised a total of $103 million till date.
Cashify raises $15m led by AEP
Cashify, an e-commerce platform for reselling used electronic gadgets, has raised $15 million from Asia Environmental Partners (AEP) — a fund focused on the renewable energy sector and environment. AEP is a division of private equity player Olympus Capital.
The startup will use the funding proceeds to grow its newly launched enterprise SaaS business, offline retail segment, besides hiring and branding activities. It plans to grow its retail footprint to 90 stores by mid-2022 from 60 currently.
MX Player eyes up to $150m funding
MX Player, which owns and operates short video entertainment app MX TakaTak, is in talks with new and existing investors to raise up to $150 million funding, Entrackr reported.
“Existing investor Tencent will join the round with a sizeable chunk along with an American late-stage investor,” the report said quoting a source. The round is likely to value MX Player at $900 million.
Tencent had also led a $110-million funding round in MX Player in October 2019. The round had also seen participation of Times Internet.