Page 25 - Startup
Live online tutoring startup Vedantu in unicorn club with $1 bn valuation
Vedantu has raised $100 mn in funding. The firm which is competing with Byju's, Unacademy, Simplilearn, UpGrad and Amazon Academy is also planning an IPO by 2024
 "Live online tutoring startup Vedantu in unicorn club with $1 bn valuation")
Vedantu is India's newest unicorn after $100-mn funding from ABC World
The Bangalore-based startup becomes the fifth Indian edtech unicorn after Byju's, Unacademy, UpGrad and Eruditus, and the third to reach the milestone this year.
 "Vedantu is India's newest unicorn after $100-mn funding from ABC World")
Cashbook raises $2.3mn in seed fund led by JAM, Better Tomorrow Ventures
Kunal Shah, Anupam Mittal and a host of other angel investors also participated in the round
 "Cashbook raises $2.3mn in seed fund led by JAM, Better Tomorrow Ventures")
Glamyo Health raises $3 mn in Series A led by Ananta Capital
The company functions in the area of elective surgeries and claims to have had a 300% surge in business on its platform
 "Glamyo Health raises $3 mn in Series A led by Ananta Capital")
Eupheus Learning acquires edtech startup ClassKlap in $19 mn deal
With this, Eupheus will become India's largest school-focused edtech firm and the only firm in K12 space to operate in both premium and affordable school segments
 "Eupheus Learning acquires edtech startup ClassKlap in $19 mn deal")
 "Savings and payments startup Savvy raises Rs 14 cr in Pre-Series A rounds")
Teen career accelerator Clever Harvey raises $1.5 mn in pre-series A round
The funding was led by TechNova Ventures, Tom Varkey and Multiply Ventures, with participation from existing investor, Education Catalyst Fund
 "Teen career accelerator Clever Harvey raises $1.5 mn in pre-series A round")
WeRize raises $8mn in Series A led by 3one4 Capital, Picus and others
WeRize is a full stack provider, developing and distributing a wide range of customised credit, group insurance and savings products for 100 mn homes and 300 mn individuals in 4,000-plus small towns
 "WeRize raises $8mn in Series A led by 3one4 Capital, Picus and others")
Vahdam raises Rs 174 cr from IIFL AMC, Kris Gopalkrishnan's family office
The company, which sells teas, spices and superfoods to the US, Canada and Europe, has raised a total of over Rs 290 crore so far
 "Vahdam raises Rs 174 cr from IIFL AMC, Kris Gopalkrishnan's family office")
Online retail platform Dukaan raises $11 mn in pre-series A round
The round was led by 640 Oxford Ventures, with participation from existing investors Snow Leopard Ventures, Lightspeed Partners, and Matrix Partners India
 "Online retail platform Dukaan raises $11 mn in pre-series A round")
Cross-border sourcing tech startup Geniemode raises $2.25 mn seed funding
It is an end-to-end e-commerce platform to make global sourcing more efficient, convenient across fragmented, tech-strapped supply chains in furniture, home furnishing, fashion.
 "Cross-border sourcing tech startup Geniemode raises $2.25 mn seed funding")
Geniemode raises $2.25 mn in seed funding round led by Info Edge Ventures
The platform ensures order visibility at each step, adherence to strict global quality checks and managing end-to-end supply chain for the buyer thus becoming a one-stop shop for them.
E-learning platform Vidyakul raises $500,000 led by We Founder Circle
Vidyakul is aimed at providing after-school e-learning for the state board students in vernacular languages
 "E-learning platform Vidyakul raises $500,000 led by We Founder Circle")
Kochi based startup Avodha offers courses in vernacular languages
Through Avodha, student pays a small amount upfront which is roughly one-fourth of the overall fees and remainder is paid after student gets a job related to course they have studied
 "Kochi based startup Avodha offers courses in vernacular languages")
Startup Sugar.fit, which aims to reverse diabetes, to raise $10 million
Health and fitness firm Cure.fit and two others to invest the funds in a deal likely to by September
Mobile commerce startup Bikayi raises $10.8 mn funding round led by Sequoia
Set up in 2019, Bikayi helps SMBs scale up on digital platforms, enabling them to reach out to a wider audience base
 "Mobile commerce startup Bikayi raises $10.8 mn funding round led by Sequoia")
Startup Udaan files complaint before CCI against biscuit maker Parle
Says biscuit maker has refused to directly supply its products
 "Startup Udaan files complaint before CCI against biscuit maker Parle")
IsGoingOnline raises Rs 1.5 cr in pre-Series A led by Artha Venture Fund
Unicorn India Ventures, SEA Fund, and Brookfield Asset Management's former Managing Partner Devdatt Shah, also participated in the round
 "IsGoingOnline raises Rs 1.5 cr in pre-Series A led by Artha Venture Fund")
Govt launches SAMRIDH scheme to help startups in their initial phase
SAMRIDH will create a conducive platform for Indian software product startups to enhance their products and secure investments for scaling their business
Breathe Well-being raises $5.5 mn in Series A round led by Accel
This round saw the exit of angel investors who have received a 30X exit and early employees being rewarded with ESOPs encashment
 "Breathe Well-being raises $5.5 mn in Series A round led by Accel")
