<article><p>Education technology firm PlanetSpark, automotive fintech venture OTO Capital, multi-brand car marketplace MYNEWCAR, Freight logistics firm Freightwalla and fintech firm OweMe have secured fresh funding.</p></article>

<p>Education technology firm PlanetSpark, automotive fintech venture OTO Capital, multi-brand car marketplace MYNEWCAR, Freight logistics firm Freightwalla and fintech firm OweMe have secured fresh funding.</p>
<h3>FIITJEE backs edtech startup PlanetSpark</h3>
<p>Gurgaon-based edtech startup PlanetSpark has received funding of Rs 1.6 crore ($220,000) from education firm FIITJEE.</p>
<p>In a statement, PlanetSpark said it would use the funds to rapidly grow its existing 200+ home-based tuition centres to over 750 centres across Delhi NCR and beyond. &#8220;The funds will also be used to develop powerful, heuristic, gamified learn-tech products for an integrated instructional learning experience,&#8221; it added.</p>
<p>The company plans to scale up to five more cities in the next academic year.</p>
<p>PlanetSpark partners with qualified homemakers and opens tech-enabled tuition centres from their homes. It follows a blended learning approach of a combination of classroom teaching with gamified online learning.</p>
<h3>OTO Capital raises seed funding</h3>
<p>Automotive fintech venture OTO Capital has raised Rs 5 crore (Around $700,000) in its seed funding round led by early-stage investor Venture Catalysts.</p>
<p>The round also saw participation from a clutch of angel investors including K Ganesh, and Sameer Sawhney, among others, according to an official statement.</p>
<p>OTO Capital leverages car usage patterns, data analytics, and real-time market inputs to determine the accurate residual value of a vehicle. This ensures that the OTO Monthly Instalments (OMIs) that customers pay are lower than any other financing option. Additionally, with OTO Capital, the customers can opt for a car with a three/four/five-year plan and have the flexibility to change their vehicle at any time.</p>
<h3>MYNEWCAR raises $1m bridge round</h3>
<p>Multi-brand car marketplace MYNEWCAR has raised a $1-million bridge funding round from a group of high net-worth individuals.</p>
<p>According to media reports, the Mumbai-based startup plans to use this latest funding to expand its test-drive platform Trivz to other cities, apart from strengthening its presence in other metros.</p>
<p>Founded in 2015. MYNEWCAR currently has a presence in cities including Mumbai, Bengaluru, Pune and Delhi-NCR.</p>
<h3>Freightwalla gets seed funding from Kae Capital, Tekton Ventures</h3>
<p>Freight logistics firm Freightwalla has raised an undisclosed amount of funding from venture capital firm Kae Capital and US-based Tekton Ventures, said <strong><a href="https://tech.economictimes.indiatimes.com/news/startups/freightwalla-raises-funding-from-kae-capital-tekton-ventures/67033531" target="_blank" rel="noopener">a report</a></strong> in The Economic Times.</p>
<p>The Mumbai-based startup plans to use the seed funding to expand its technology platform, improve its sales reach and increase operational capacity to match demand.</p>
<p>Founded in 2016, the tech-enabled freight forwarder offers a full-stack platform for businesses to plan, book and manage their international freight shipments online.</p>
<h3>UK-based OweMe raises $1m from pi Ventures</h3>
<p>UK-based fintech startup OweMe has raised $1 million from Indian venture capital firm pi Ventures.</p>
<p>According to <strong><a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/oweme-bags-1-million-in-seed-round-from-pi-ventures/articleshow/67035299.cms" target="_blank" rel="noopener">a report</a></strong> in The Economic Times, OweMe plans to use the seed funding to strengthen its product and team.</p>
<p>OweMe claims to reduce supply chain costs using provenance and disintermediation for banks, large corporate buyers and suppliers.</p>
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Gurgaon-based edtech startup PlanetSpark has received funding of Rs 1.6 crore ($220,000) from education firm FIITJEE.

India Dealbook: PlanetSpark, OTO Capital, MYNEWCAR, OweMe, Freightwalla raise funds

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