In the startups space, Daalchini has secured funding from Artha Venture Fund while Ronnie Screwvala-led online higher education company upGrad has acqui-hired CohortPlus.
Artha Venture backs Daalchini
Daalchini Technologies, a phygital vending machine company, has raised Rs 3.5 crore ($510,580) from early-stage venture capital firm Artha Venture Fund.
The company plans to use the funds to expand its product range, improve logistics services, strengthen its brand identity, and to recruit a management team, it said in a statement.
Set up by former Paytm employees Prerna Kalra and Vidya Bhushan, Daalchini provides healthy, affordable, and home-cooked meals to corporate employees at affordable prices. Its products can be also be ordered through a mobile app.
upGrad acqui-hires CohortPlus
Ronnie Screwvala-led online higher education company upGrad has acqui-hired Bengaluru-based CohortPlus, an online community for product managers and data science enthusiasts.
Financial details of the deal were not disclosed.
“upGrad’s highly engaging online learning solution along with CohortPlus’s deep penetration in the community of Data Scientists and Product Managers, will allow us to reach a much larger and relevant audience,” Screwvala and Mayank Kumar, co-founders of upGrad in a joint statement.
Founded in 2015, CohortPlus claims that its community has more than 31,000 members.