Ex-Tata Motors’ president Gajendra Chandel has invested in BattRE while Board Infinity, an ed-tech startup, has raised Rs 2.2 crore in an angel round. In a separate development, PayNearby said it has acquired We Care Insurance Broking Services.
Former Tata Motors exec backs BattRE
Ex-Tata Motors’ president Gajendra Chandel has invested in BattRE, an electric scooter startup based in Jaipur, per an announcement on Monday.
The funds will be utilised for the launch of new models, increasing production capacity and scaling up the distribution and service network, the startup said in a statement.
BattRE Electric Mobility has introduced affordable e-scooters and packaged a whole gamut of features and services to enhance the customer experience as they step into the green technology revolution. It is a smart vehicle that uses cloud-based GPRS to connect with a smart-phone app and store all vehicle-related data online.
Board Infinity gets angel funding
Board Infinity, an ed-tech startup, has raised Rs 2.2 crore in an angel round of funding from a clutch of angel investors, it announced on Monday.
Prominent angel investors who had invested in Board Infinity include Ambarish Raghuvanshi, ex-CFO of Infoedge; Maheshwer Peri, founder of Careers360; Manish Gupta, founder of UINCEPT- EdTech accelerator, among others.
Founded in 2017 by Abhay Gupta and Sumesh Nair, Board Infinity provides short skilling courses delivered by industry experts in live classes format across emerging technologies, management roles. The startup will use the funds to improve the technology platform and expand its current learner base in tier 2-3 cities, it said in a statement.
PayNearby acquires We Care Insurance
The acquisition comes after PayNearby was granted an insurance broking licence by the Insurance Regulatory and Development Authority, it said in a statement.
Through the creation of Nearby Insurance Broking Services Pvt Ltd, PayNearby will use its existing network of close to six lakh retailers to sell the financial product to people who have never bought insurance before.