<article><p>HT Media is investing up to $7.8 million in Canada-based betterU, while real estate analytics platform Propstack and online tyre retailer Tyremarket have raised funds.</p></article>

<p>HT Media is investing up to $7.8 million in Canada-based betterU, while real estate analytics platform Propstack and online tyre retailer Tyremarket have raised funds.</p>
<h3>HT Media to invest up to $7.8m in Canadian firm betterU</h3>
<p><strong><a href="http://dealstreetasia.com/tag/ht-media" target="_blank" rel="noopener">HT Media Ltd</a></strong> is investing up to CAD$10 million ($7.8 million) in Canada-based education firm betterU.</p>
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<p>&#8220;The investment will be made in 8 quarterly tranches of CAD$ 1.25 Million (approx.) each, during deal tenure of 2 years. Provided that the Company&#8217;s subsisting investment in betterU shall not exceed CAD$ 4 Million at any point in time,&#8221; HT Media said in a stock exchange filing.</p>
<p>Under the terms of the deal, HT Media will get 3.2 million common shares in exchange at CAD$0.39 per share.</p>
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<p>betterU is in the process of seeking approval from TSX Venture Exchange, Canada. It is an asset-light education marketplace that aggregates courses from the online educators globally and offers their courses to customers in developing countries such as India and China.</p>
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<p>The Canadian ed-tech firm also has offices in Delhi, Mumbai and Bengaluru.</p>
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<h3>Propstack gets angel funding</h3>
<p>Real estate data analytics platform Propstack has received strategic backing from prominent investors, who have invested in the company in their personal capacity.</p>
<p>The financial details of the investment were not disclosed.</p>
<p>According to <strong><a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/top-private-equity-professionals-back-realty-startup-propstack/articleshow/62811163.cms" target="_blank" rel="noopener">a report</a></strong> in The Economic Times, the investors include private equity and hedge fund professionals S. Sriniwasan, MD of Kotak Investment Advisors; Ashish Khandelia, director of KKR; Shanti Ekambaram, president of consumer banking at Kotak Mahindra Bank; and TS Sivashankar, MD of US-based Rohatyn Group.</p>
<p>In 2015, the Mumbai-based startup had raised a $3 million Series A funding round led by DMGI, the investment group run by the Daily Mail, with participation from Real Capital Analytics.</p>
<p>Raja Seetharaman, co-founder &amp; director of Propstack, said that the latest investment would accelerate the adoption and development of the platform with the backing from industry leaders.</p>
<h3>Tyremarket raises $500k from Blackcircles&#8217; founder</h3>
<p>Online tyre retailer Tyremarket.com has raised around $500,000 from Blackcircles’ founder Michael Welch, who is also an adviser to the Bengaluru-based startup.</p>
<p>Welch, who sold Blackcircles to Michelin for 50 million pounds, has invested in Tyremarket.com through his Full Circles Partners fund.</p>
<p>Founded in 2015, Tyremarket.com had raised an undisclosed amount in a seed funding round from IIT Delhi and Wharton alumni.</p>
<p>“Our strategy to provide more tyre choices, more installation partners and great value is starting to pay real dividends. With the help of our early investors we have created an exciting platform from which we can invest wisely to ensure our position as the leading online platform for tyre business in India,” said Sanjeev Agrawal, CEO and co-founder of Tyremarket.com.</p>
<p><strong>Alos Read:</strong></p>
<p><span style="color: #ff0000;"><strong><a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/india-kuants-realpro-workflexi-tonetag-90223/" target="_blank" rel="noopener">RealPro realty raises $3.4m from HT Media</a></strong></span></p>


HT Media Ltd is investing up to CAD$10 million ($7.8 million) in Canada-based education marketplace betterU.

India Dealbook: HT Media backs betterU; Propstack, Tyremarket raise funds

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