New Delhi-based edtech startup Civilsdaily has raised an undisclosed seed round led by Manoj Kumar, co-founder and managing director of Malgharia Capital Advisors.
Other unnamed high networth individuals (HNI) also participated in the round.
Founded last year by Shikhar Sachan and Rohit Pande, Civilsdaily aggregates and curates news items that are relevant for test preparation.
“The fresh funding will be used for team expansion, product development and exploring upcoming sectors of news consumption. We will add Hindi module for daily news cards to cater to the audience, which do not have a reliable medium for preparation,” said Shikhar Sachan.
“Additionally, we have plans to upgrade our content management system to release niche offerings in other sectors of news consumption,” he added.
Civilsdaily, an online education venture run by Apeirogon, has been working with Enablers, a web-based deal-enabling platform, for fundraising.
It offers information on current events through website and mobile app. Users can browse the material available under the categories like economics, environment and biodiversity, geography, history, polity, science & tech, trivia and world events.
India: Raghav Bahl in JV with Bloomberg for news channel, website
Malaysia: Supernewsroom seeks $10m funding to beef up regional expansion
India: News aggregator Planet GoGo raises seed funding from HT Media, US-based NBM