India Digest: ENpower, peAR Technology raise early-stage funding

Photo: Mint

ENpower, a platform that provides entrepreneurship learning programme for school kids, has garnered as much as $377,500 led by Sixth Sense Ventures founder and CEO Nikhil Vora. In a separate development, peAR Technology has raised funding from Venture Catalysts, an incubation platform headquartered in Mumbai.

ENpower raises seed funding from Sixth Sense Ventures founder 

ENpower, a platform that provides entrepreneurship learning programme for school kids, has garnered as much as $377,500 led by Sixth Sense Ventures founder and CEO Nikhil Vora, according to a report by VC Circle.

This marks the seed funding round for the company.

The corpus will help ENpower spruce up its operations and reach out to 300 schools over the next 18 to 24 months, besides building tech platforms in an effort to advocate innovation and entrepreneurship among children.

ENpower competes with Indian ed-tech unicorn Byju’s, a company that reportedly had touched $5 billion in terms of valuation, following an investment it secured from Qatar Investment Authority.

peAR Technology raises seed capital from Venture Catalysts

Venture Catalysts, an incubation platform headquartered in Mumbai, has invested in deep-tech startup peAR Technology, according to an announcement.

The deal size has not been disclosed.

The startup, established in 2018, operates an AR-based application peAR-Food menu for restaurants, which features the menu in 3D AR before consumers place their orders.

Besides food menu, the company also plans to expand its product offering across other segments such as online furniture, automobiles, and e-commerce.

Currently, peAR charges a basic fee to list restaurants on its app, to digitize their menu. Going forward, it aims to provide its services to food-tech players such as Zomato, Swiggy, UberEats, and Dine-out.