Toppr, an online platform that helps students prepare for entrance tests and board exams, on Wednesday said it has raised $2 million from venture-debt provider InnoVen Capital, in a deal finalized in the last week of September. Venture debt is one way that start-ups that have raised some money and… Read more »
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ActOnMagic and Indulge Beverages Pvt Ltd have raised funding while Toppr has acquired edutech startup Manch.
S Chand has made five investments since 2014 in the edtech space.
Knowledge and business process outsourcing services provider eClerx Services Ltd has invested in BuyTestSeries, an e-commerce marketplace for online tests and courses. The amount invested is Rs 2 crore ($291,651), eClerx said in a regulatory filing. The company’s board approved of the investment amount last year. BuyTestSeries, founded by Shirish Bhatt, Himanshu Jain and… Read more »
MockBank Learning Pvt. Ltd, a test preparation start-up for government jobs, has raised $400,000 in a seed round of funding led by Blume Ventures. Singapore-based angel fund Mercatus Capital and angel investors such as Slideshare co-founder Amit Ranjan and Bain & Co. India chairman Srivatsan Rajan also participated in the… Read more »
It also encourages students to share their personal notes with ither students.
So far in 2016, the ed-tech space has raised $77 million compared to $54.8 million by foodtech, a sector that has lost its lustre after a string of financial problems.
As part of the deal, Plix’s founder Apurv Chawla and his core team joined OnlineTyari. Both the companies will integrate within the next couple of months.
Consumer lending platform LoanCircle has raised an undisclosed amount in angel funding from Toppr.com co-founder Zishaan Hayath, Trifecta Capital managing director Rahul Khanna, and a bunch of other investors. The funds will be used by Bengaluru-based Loancircle, operated by Bangalore-based Moneyvation Technologies Pvt Ltd, to expand the technology, data and… Read more »
Ed tech, the poorer cousin to the e-commerce and the food-tech startups — barely gathering one per cent of the $7.2-billion kitty invested in Indian startups in 2015