India Dealbook: Logic Roots, Project Mudra, Vahdam Teas raise funding

Village Capital will invest in two ed-tech startups while Delhi-based Vahdam Teas has raised funding led by Fireside Ventures.

Village Capital invests in Logic Roots & Project Mudra

Logic Roots and Project Mudra have been selected as top ventures in Village Capital‘s Education India 2017 Education Technology Program, supported by Omidyar Network.

Both the startups will get an investment of $50,000 each from Village Capital. They were selected from 120 applicants focused on solving problems in K-12 education. This was a three-month programme.

“The entrepreneurs participating in this programme share a common vision – improving learning outcomes for students in India. We are excited about Omidyar Network’s support to help these ventures achieve business growth and scale. We invested in the two ventures because other entrepreneurs in the cohort believed in their potential to scale,” said Deepak Menon, Village Capital’s regional manager in Asia.

Vahdam Teas gets $1.4m funding led by Fireside Ventures

Vahdam Teas, a Delhi-based tea e-tailer has raised $1.4 million in a Series A round of funding led by Fireside Ventures.

Existing investors Singapore Angel Network, Mumbai Angels, and some HNIs also participated in the round, according to an Economic Times article.

With this investment, the total capital raised by Vahdam Teas stands at $2 million. The startup was launched in 2015 and it raised seed funding earlier this year.

As a part of the deal, founder of Fireside Ventures, Kanwaljit Singh will join Vahdam Teas board.

The startup will use the money to market the brand, introduce new products and to strengthen its warehousing and logistics in the US.

Earlier this year, Vahdam Teas had raised $650,000 funding from Kanwaljit Singh, Mumbai Angels and Singapore Angel Network.

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