Ed-tech startup Qin1 nabs funding from Venture Catalysts, Ola co-founder
Education-technology company Qin1 has secured funding from Venture Catalysts, as online learning ventures remain on investors’ radar in the wake of a shutdown of schools and colleges due to the coronavirus pandemic. Ola co-founder Ankit Bhati also invested in the startup, Venture Catalysts said in a statement. The startup incubator and accelerator ......
INSEAD Angels leads pre-Series A extension round in ed-tech startup Pariksha
Pariksha, which helps aspirants prepare for government exams in their regional languages, has raised an undisclosed sum as part of a pre-Series A extension round, it said in a statement on Monday. The extension financing for the Knoctowl Technologies Pvt. Ltd-operated startup was led by INSEAD Angels, it said. Those that participated ......
Another Asian investor piles into edtech firm Vedantu with Series C money
Online tutoring platform Vedantu Innovations Pvt. Ltd has secured capital from another Asian investor as part of its extended Series C round of fundraising. South Korea's KB Global came in as a new investor and contributed $7 million (Rs 53 crore) to the ed-tech major, digital news publication Entrackr reported, citing ......
Ed-tech startup SoME raises angel funding
School of Meaningful Experiences Pvt. Ltd (SoME), a skills and learning development focussed education-technology startup, has raised capital as part of its angel funding round. The round has been led by Uday Singh, the former group CEO of SIS Group Enterprises. Singh is currently the co-founder of the blue-collar workforce management ......
Native Angels Network leads investment in dairy products firm UzhavarBumi
UzhavarBumi Agro Products Pvt. Ltd, a dairy products company, has raised Rs 1.7 crore (around $221,686 at current exchange rates) from Native Angels Network, the investment arm of the Tier-II and Tier-III focussed Nativelead. Madhuranthagam-based UzhavarBumi was set up in 2017 by Vetrivel Palani and Paneerselvam. The company says it works directly ......
Gray Matters-backed ed-tech firm Guvi raises pre-Series A funding
Guvi Geek Network Pvt. Ltd, which operates vernacular language-based education technology company Guvi, has raised Rs 6 crore (approximately $787,686 at current exchange rates) in its pre-Series A funding round. The Chennai-based company has raised the capital from Education Catalyst Fund, a sector-focused venture capital fund managed by CBA Capital, Guvi ......
Falcon Edge leads Series G funding round in Dailyhunt
Versé Innovation Pvt. Ltd, which operates online news and content platform Dailyhunt, has raised nearly Rs 180 crore ($23.4 million at current exchange rate) as part of its Series G funding round. The round in the Bengaluru-based company has been led by Alpha Wave Ventures, a fund managed by New York-based ......
Matrix Partners part-exits Tree House Education with over five-fold returns
Multi-stage private equity firm Matrix Partners has partially exited Mumbai-based pre-school education service provider Tree House Education & Accessories Ltd by selling a 3.23 per cent stake in the company or almost one-fifth of its holding through an open market transaction on Monday.The PE investor encashed Rs 52.5 crore (nearly ......
Edelweiss, Altico in race for IL&FS PE; SBI finds few takers for Essar Steel loan
IL&FS Investment Managers Ltd, the private equity arm of Infrastructure Leasing & Financial Services Ltd, has received takeover interest from 10 to 12 companies, a media report said. The Economic Times reported, citing an industry source it didn't identify, that Edelweiss, India Infoline and Altico Capital were among the suitors for ......
Citrus Pay co-founder's neo-banking startup Jupiter raises VC funding
Amica Financial Technologies Pvt. Ltd, which operates neo-banking startup Jupiter, has raised $2 million (about Rs 15 crore at current exchange rate) in a funding round. Jupiter, which started last year, is led by founder Jitendra Gupta, who is also co-founder of Citrus Pay and former managing director of PayU. The startup ......
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