India Dealbook: Leverage Edu, Zoomtail secure fresh funding

Leverage Edu
Photo: Leverage Edu

Education technology firm Leverage Edu has raised fresh funding from DSG Consumer Partners and Blume Ventures, while B2B e-commerce platform Zoomtail has secured a seed round of financing led by Matrix Partners.

Leverage Edu gets funding from DSG Consumer, Blume Ventures

Leverage Edu, an online platform for higher education services, has raised a pre-Series A round of funding led by early-stage venture capital firms DSG Consumer Partners and Blume Ventures.

While the deal size was not disclosed, media reports peg the round to be around $1.3 million. As part of the deal, DSG’s Chaitanya Rathi has joined the board of the startup as a director.

In August 2017, the startup had raised a seed round from a clutch of angel investors, including HyperTrack founder Kashyap Deorah, VRL Logistics MD Anand Sankeshwar, former Babajobs CFO Sadashiva NT and former American Express India CFO Arjun Mehta.

Founded in 2017, Leverage Edu uses an AI tool to help students identify what program or college they are best suited for, and then matches them with a mentor from its panel of mentors. It also helps students with exclusive scholarships, industry-best educational loans, help on housing and forex/VISA through multiple global partnerships.

According to an official statement, Leverage Edu plans to use the latest funding to further develop its platform. The company also plans to launch new products targeted at colleges and expand to more cities.

Zoomtail Tech raises seed round led by Matrix Partners India

Zoomtail Technologies, which operates a B2B e-commerce platform for fashion consumer goods, has raised an undisclosed amount in a funding round led by Matrix Partners India.

According to a report in the Economic Times, the seed round also saw participation from V1 Capital, and angel investors Kunal Shah, Anshuman Bapna and Shamik Sharma.

The Bengaluru-based startup, which was founded last year, plans to use the capital raised to expand its 30-member team and strengthen its technology platform.

Zoomtail competes with Meesho, which is backed by Sequoia Capital and SAIF Partners, and Shop 101, whose backers include VY Capital and Stellaris Ventures.

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