Leverage Edu raises $2m from Trifecta Capital and 17 more India deal updates

New Delhi-based foreign university admissions platform, Leverage Edu, has raised $2 million in a debt financing round from venture debt firm Trifecta Capital, per an announcement.

The funds will be utilised to fuel the company’s growth and make further inroads into the interiors of India, apart from accelerating product innovation in line with a student-first approach, the company said in a statement.

With the latest investment, Leverage Edu’s total funding till date stands at over $10 million.

Earlier this year, the company had raised $6.5 million as part of its Series A funding, which was led by Tomorrow Capital and backed by existing investors Blume Ventures and DSG Consumer Partners.

“In the past year, apart from metro cities, Leverage Edu has penetrated into non-metro markets, which now contributes 60% of our customer base. This debt round will help us in building further towards this objective through relevant product and resource investments and thus emerge as a truly pan-India service,” said Akshay Chaturvedi, founder & CEO, Leverage Edu.

Leverage Edu also counts prominent angels like Goqii founder Vishal Gondal, Saama Capital managing partner Ash Lilani, and Pine Labs chief executive Amrish Rau among its other investors.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India from June 8-10, 2021.

Expand Table

StartupHeadquarterInvestment Size (USD)Investment StageLead Investor(s)Other Investor(s)IndustryVerticals
Leverage EduDelhi2 millionDebtTrifecta Capital-Education/TrainingEdTech
MobiKwikGurugram20 millionSeries GAbu Dhabi Investment Authority-Financial ServicesFinTech
Kale Logistics Mumbai5 millionSeries AInflexor Ventures-Logistics/DistributionRidesharing/Transport
ShypliteDelhi1 millionDebtN+1 Capital-Logistics/DistributionE-commerce
ZenotiHyderabad80 millionSeries DTPG-SoftwareSaaS
RefyneBengaluru16 millionSeries ARTP Global, DST GlobalXYZ Capital, QED Investors, Jigsaw VCFinancial ServicesFinTech
Walko FoodsMumbai4.8 millionPEJM Financial Private Equity-Food-
GreenjoulesPune4.5 millionSeries ABlue Ashva Capital-Renewable EnergyCleanTech
WhatfixBengaluru90 millionSeries DSoftBank Vision Fund 2Eight Roads Ventures, Sequoia Capital India, Dragoneer Investment Group, F-Prime Capital, Cisco InvestmentsSoftwareSaaS
ReevoyMumbai-SeedStellaris Venture PartnersStart-up Angel Network (SAN), Better Capital, Kunal Shah, Ramakant Sharma, Ashish Sharma, Atul Mehta, Vinod Murali Financial ServicesFinTech
IntelleWingsHaryana100,000SeedFriends of PadUp, Vinners (Value Investors Network), SucSEED Indovation Fund-IT Security/CybersecurityAI and Machine Learning
Capital FloatBengaluru6.8 millionDebtTriodos Investment Management -Financial ServicesFinTech
BuyerAssist.ioPune2 millionSeedStellaris Venture Partners, Emergent VenturesBetter CapitalSoftwareSales & Marketing Software
F5Delhi350,000Pre-Series A-Mohit Satyanand, Huddle, AngelList, Venture Catalysts, Rohit ChananaFoodFoodTech
Wellbeing NutritionMumbai--Klub-Consumer ProductsFitness & Wellness
CustomerGluBengaluru320,000Pre-SeedBetter CapitalRamakant Sharma, Sprouts Investments, Amit Singhal, Aakash KumarSoftwareSaaS
MentorKart Delhi150,000SeedAmit Singal, Manish Aggarwal -Education/TrainingEdTech
Cell PropulsionBengaluru2 million---Energy Storage & BatteriesElectric/Hybrid Vehicles

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.