By Varsha Bansal
As part of his additional role, Venkataraman will head the logistics vertical Ekart, the marketplace and the retail vertical.
The funding makes Byju’s the fourth most valuable startup in India, after Paytm (One97 Communications Pvt. Ltd), Ola and budget hotel chain Oyo Rooms.
With that investment, the previously bootstrapped startup’s valuation now stands at over Rs 210 crore.
About 85% of the proceeds from the stake sale have been invested in two of Aavishkaar Group’s lending arms, Arohan and Intellegrow.
Gurgaon-based edtech startup PlanetSpark has received funding of Rs 1.6 crore ($220,000) from education firm FIITJEE.
Hero Electric will use the funds for its second factory, develop new products and expand dealer network.
MORE has routed the investments through India Realty Excellence Fund III and India Realty Excellence Fund IV.
Earlier media reports had said that Google was planning on acquiring Sigmoid for around $30-40 million
Purplle, which raised funds counts IvyCap Ventures and JSW Ventures as its investors, while Nykaa’s investors include TVS Capital, the Munjal family office and Max Ventures.
The latest round was joined by existing investors 3one4 Capital, Bertelsmann India Investments, Vertex Ventures Southeast Asia and India, UCLA and Sistema Asia Fund.