India Dealbook: Genext, Happn, WhatsLoan & Box8 raise funds

Photo: Reuters

Hybrid tutoring platform Genext Students has raised $580,000 in its pre-Series A round of funding from undisclosed investors, Lahiri Music’s family office has invested an undisclosed amount in two startups – dating application Happn and fintech application WhatsLoan even as Box8 has secured debt funding from Trifecta.

Genext Students raises $580k in pre-Series A round

Hybrid tutoring platform Genext Students which connects parents with the best home tutors for their children has raised $580,000 in its pre-Series A round of funding, the company said on Wednesday.

The name of the investors were not disclosed.

The company plans to use the money for increasing its team, strengthen its tech backbone and expand the services to new cities such as Bangalore, Lucknow, Jaipur, Hyderabad and Chennai.

Genext Students was started in February 2013. The company claims to have completed over 20,000 tutoring sessions last year across Pune and Mumbai with more than 4,000 tutorpreneurs and 75 per cent month-on-month repeat customers.

The startup offers a combination of private home tutoring and technology-enabled learning across the curricula of national,international and state level syllabi.

Lahiri Music’s family office backs Happn, WhatsLoan

Lahiri Music’s family office has invested an undisclosed amount in two startups – dating application Happn and fintech application WhatsLoan, according to an Inc42 report.

Dating app Happn was started in 2014 by Didier Rappaport and is a Paris based company. It connects people on the basisi of shared interests and social outings through the app.

In the Happn’s funding, Nimish Arora, co-founder, DCTex Furnishings, also participated.

WhatsLoan is a fintech startup founded by Timmana Gouda D and Anand Karthik Tumuluru. The Bangalore-based company connects potential buyers and lenders with each other using technology.

Box8 gets $1m debt from Trifecta Capital

Food technology startup Box8 (Poncho Hospitality Pvt. Ltd) has raised Rs 7 crore ($1.1 million) debt funding from venture debt firm Trifecta Capital.

Last year in October, the company had received Rs50 crore ($7.5 million) in a Series B funding round led by IIFL Seed Ventures Fund, a unit of IIFL Holdings Ltd, and existing investor Mayfield Fund.

Box8 will use the proceeds for operations in existing markets and to launch in other cities. It is planning to start its services in Gurgaon next month and post that in Hyderabad and Chennai.

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