India-based restaurant delivery startup Swiggy has raised a $35 million Series C funding round. The investment round included SAIF Partners, Norwest Venture Partners, Accel Partners, Harmony Partners, RB investments and an “undisclosed global investment entity”, according to TechCrunch. Swiggy has now raised a total of $53 million. The on-demand startup market in India is becoming increasingly competitive, and Swiggy claims to be the largest of its type in the country after surpassing Rocket Internet-backed Foodpanda last month.
Telensa, a provider of smart city solutions incorporating low power wide area wireless technology, has raised $18 million in funding. Environmental Technologies funding provided equity funding, with debt funding coming from Silicon Valley Bank. The company will use the funds for expansion. “Smart city technologies are about harnessing previously isolated information and infrastructure to drive energy efficiency, automation and better decision-making,” said Patrick Sheehan, Founder and Partner at Environmental Technologies Fund. “Telensa’s success is built on robust wireless technology and an application business case that works for the whole ecosystem. We look forward to helping the team accelerate the growth of this thriving business.”
Big Switch Networks, which provides hyperscale-inspired networking to data centers, has closed a $48.5 million Series C financing round. The round includes new and existing investors, including Morgenthaler Ventures, Silver Lake Waterman, Index Ventures, Khosla Ventures, Redpoint Ventures, Accton, CID Group, MSD Capital and others. “I am pleased that our performance continues to earn the trust of our customers, partners, and investors, all of whom believe in our mission to disrupt the status quo of networking,” said Douglas Murray, CEO, Big Switch Networks. “Dan Warmenhoven’s knowledge and operational experience scaling NetApp from hyper-growth startup through maturity will be invaluable as Big Switch continues to scale and as we introduce our core products to new customers in more markets around the world. I am also thrilled to have Gary Morgenthaler join the board to share his invaluable experience as one of Silicon Valley’s pre-eminent investors.”
Vacation rentals company LeisureLink has closed a $17 million round of funding. The capital was provided by Clearstone Ventures, Kinderhook Industries, and Escalate Capital Partners and will be used to scale the company’s operations. “While the growth of the category is great news for vacation rental management companies, the task of distributing, merchandising and managing their inventory across the dynamic landscape of third-party distribution is growing increasingly complex,” explained LeisureLink CEO, Julian Castelli. “Vacation rental suppliers need connectivity, tools, and expert services to benefit from this market opportunity. LeisureLink is the leading provider of these services, and as a result, we are seeing explosive demand for our services.”