TOKO Innovation raises Rs 3cr from IAN, Raj Angels

Indian Angel Network (IAN) today said it has co-invested Rs 3 crore in Bengaluru-based TOKO Innovation Studios.
This round has been co-led by Rajasthan Angel Investor Network, who will be represented on the board by Ajay Data.
Roopak Saluja and Vishal Khare led this round on behalf of IAN and Saluja will join the board of the company, IAN said in a statement.
Founded in February 2014 by Aditya Mukherjee (CEO), Arnav Mukherjee (Content Head) and Ajitsen Surendran (CTO), TOKO will use the funding for product development, user growth and content partnerships.
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* Infosys Foundation to offer scholarships at IISER-Pune

Infosys Foundation, the philanthropic arm of Infosys, has signed a Memorandum of Understanding (MoU) with Indian Institute of Science Education and Research (IISER), Pune.

Under the partnership, the Foundation will provide opportunities for economically weaker students to pursue high quality science education and research through scholarships, fellowships and travel awards, it said in a statement.
As part of the MoU, the corpus fund of INR 5 crore called 'The Infosys Foundation Endowment Fund' will continue in perpetuity to benefit a minimum of 50 students annually, it added.
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* Ola, Neev Finance to help educate driver-partners' children
Ola today said it has partnered Neev Finance to provide school education for children of its driver-partners as part of its reward-oriented program for its driver-partners, Ola Stars.

The initiative allows loan options for driver-partners to cover the education expenses through affordable monthly installments, Ola said in a statement.
Ola and Neev Finance are aiming to support education of over 50,000 children of driver-partners over the next one year, it added.
Loans up to a value of 1 lakh can be availed from Neev Finance by any Ola driver-partner who has been associated with the company for a minimum period of 6 months.
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* Freecharge partners Cleartrip for online bookings
Digital payments platform Freecharge today said it has partnered Cleartrip to allow customers to pay for tickets and hotel bookings using Freecharge wallet.

"With this tie-up, Freecharge will provide consumers with a means to complete their transactions on the-the-go, at a lightning speed," Freecharge Chief Operating Officer Govind Rajan said.