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News on Medial
Edtech firm Techmaghi bags Rs 20 lakh startup seed fund
Economic Times
·
1y ago
Medial
Edtech firm Techmaghi has secured a funding of Rs 20 lakh from startup-supporting LJ Knowledge Foundation. The partnership aims to bridge the gap between industries and educational institutions by offering up-skilling courses to meet the demands of the modern workforce. Techmaghi has trained over 75,000 students and generated a revenue of more than Rs 2 crore since its launch in 2021. The funding will enable the company to expand its educational offerings and make a significant impact on education and skill development.
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Eupheus bags fresh funding; Greenie, SaveSage Club snag angel money
VCCircle
·
8m ago
Medial
Eupheus Learning, an edtech startup, has raised $3 million in additional funding. The investment will be used to expand their product portfolio and reach in the education sector. Greenie Energy, an EV charging technology firm, has secured $600,000 in seed funding to deploy more EV charging points. SaveSage Club, an AI-led fintech platform, has raised Rs 2.5 crore in angel investment to optimize credit cards and loyalty programs. Notable investors include Paytm executive Bhavesh Gupta and venture capital firms iSEED and LetsVenture Fund.
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Aviotron Bags Funding To Offer Experiential Learning To Students
Inc42
·
1y ago
Medial
Noida-based edtech startup Aviotron Aerospace has raised INR 4.96 Cr ($600K) in a Pre-Series A round led by Enrission India Capital. The funding will be used to expand the startup's operations across India. Aviotron Aerospace offers experiential learning programs to students in partnership with schools and aims to expand its reach to 28 states by the end of the year. The startup previously raised INR 2 Cr in seed funding and reported a profit of INR 50 Lakh on a revenue of INR 5 Cr in 2023. The Indian edtech sector has seen a decline in investor interest and funding.
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Defence-focused Jamwant Ventures marks first close of early-stage fund
VCCircle
·
1y ago
Medial
Jamwant Ventures, an early-stage investment firm focused on defence startups, has announced the first close of its angel fund. Founded by former Indian Navy officers Navneet Kaushik and Kartik Gopal, the fund aims to invest in startups working on indigenous defence technologies. The firm plans to increase the size of the fund to allow for broader participation and aims to provide not only financial support but also mentorship to the startups it invests in. The fund plans to invest Rs 50 lakh-1 crore across pre-seed, seed, and Series-A rounds.
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Pre-seed investor Volt VC floats maiden investment fund
VCCircle
·
11m ago
Medial
Ahmedabad-based micro-venture capital firm Volt VC has launched its first investment fund, aimed at supporting consumer-centric startups at the pre-seed stage. The Volt VC Fund-I aims to raise INR 45 crore ($5.4 million) and will primarily invest in direct-to-consumer, business-to-consumer, and business-to-business-to-consumer models. The fund plans to invest between INR 50 lakh and INR 2 crore in approximately 20-25 startups. Volt VC aims to address the lack of micro-VC funding available to startups at the pre-seed stage in India, enabling promising ideas to grow and flourish.
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Aroa Venture Partners launches $50 million fund
Economic Times
·
1y ago
Medial
Aroa Venture Partners, a venture capital firm, has launched a new fund with a target corpus of Rs 400 crore ($50 million). The Aroa Opportunities Fund plans to invest from seed to Series C and aims to deploy cheques of Rs 4 crore to Rs 40 crore across 20-25 startups. The firm also has a feeder vehicle in Singapore to pool investment capital. Real estate and Web3 are excluded from their investment sectors. Founder Gaurav Gulati previously worked at Innov8 and was a co-founder of Purist.
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Startup news and updates: Daily roundup (August 12, 2024)
YourStory
·
12m ago
Medial
Mumbai-based luxury men's brand, Haldèn has raised Rs 5 crore in a seed funding round led by Prajay Advisors. Infinyte.Club, an investment platform, raised $3.6 million in seed funding led by Elevation Capital. AI-driven travel tech startup Ziptrrip secured Rs 2 crore in pre-seed funding. HealthCRED, a healthcare finance platform, raised $1.2 million in a seed funding round. Real estate technology platform Truva raised $3 million in seed funding. MiClient, an AI-driven B2B sales enablement platform, secured Rs 3.9 crore in seed funding. Gupshup, a conversational experience cloud company, hired 20% more employees to meet demand. Adukale, a domestic snacks brand, received funding from NuVentures. US grocery conglomerate Hy-Vee opened an office in Bengaluru. Standard Chartered Bank named Aditya Mandloi as Head of Wealth and Retail Banking in India and South Asia. Asset management firm Pace360 launched a new PMS strategy called Tresor Smart Alpha. KL Rahul invested in AI-powered mixed-reality publishing platform Flam. Karan Johar joined the Fashion Entrepreneur Fund as investor and promoter. CARS24 launched a super app offering various car-related services. T-Hub selected 20 startups for its sustainability cohort. Former India cricket captain Sourav Ganguly joined the board of consulting firm Blue Ocean Corporation as Non-Executive Director.
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Ashish Kacholia, Jungle Ventures lead funding in Sanlayan; Roomstory bags pre-seed cheque
VCCircle
·
2m ago
Medial
Sanlayan Technologies, a defence electronics startup, secured Rs 186 crore in Series A funding led by Ashish Kacholia, Jungle Ventures, and others to expand its engineering and manufacturing capabilities. Founded in 2023, it specializes in advanced electronic systems design. Additionally, Roomstory.ai, an AI-driven interior design platform, raised Rs 3 crore in pre-seed funding from Rukam Sitara Fund to enhance AI capabilities, launch applications, and build a user community for interior design fans.
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Exclusive: Proptech startup HouseEazy raises $4 Mn in Series A
Entrackr
·
11m ago
Medial
HouseEazy, an online marketplace for pre-owned homes, has raised Rs 33.5 crore (around $4 million) in Series A led by Chiratae Ventures Fund with participation from Veena Jindal, Antler Innovation Fund, and IA Growth Opportunities Fund. The board at HouseEazy has issued a total of 3,915 shares at a face value of Rs 10 and premium of Rs 85,666 on preferential basis and by way of private placement, the company’s regulatory filings with Registrar of Companies show. Chiratae Ventures has invested Rs 29.62 crore, whereas Antler Innovation Fund invested Rs 2.86 crore. IA Growth Opportunities Fund and Veena Jindal invested Rs 76.25 lakh and Rs 29 lakh respectively. As per startup data intelligence platform TheKredible, HouseEazy has reached a valuation of Rs 156 crore post money (over $18 million). The company may raise more funds in this round and the valuation will vary accordingly. In December 2023, HouseEazy raised $1 million in a seed round led by Antler and picked up $370,000 in pre seed funding in June 2022. Founded in 2021 by Tarun Sainani and Deepak Bhatia, HouseEazy is building a full-stack, data driven technology platform to provide the best prices and instant liquidity to sellers and title-checked, refurbished, ready-to-move-in homes to buyers. The Noida-based company says that it uses a proprietary machine-learning algorithm with over 1.25 million data points to provide real-time price offers, eliminating the need for multiple meetings & negotiations for sellers. In December, HouseEazy claimed that it reached an ARR of Rs 250 crore (GMV) while maintaining profitability. The firm expects to hit Rs 1,000 crore ARR by March 2025 from the NCR market alone. For the fiscal year ending March 2023 (FY23), HouseEazy registered Rs 2.78 crore in operating revenue with Rs 44 lakh in loss.
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Jammu and Kashmir to notify new startup policy by next month, says Lt Gov
IndianStartupNews
·
1y ago
Medial
The Jammu and Kashmir administration plans to introduce a new Startup Policy by next month, aimed at fostering innovation and economic growth in the region. The policy will focus on untapped sectors and provide seed funding of up to Rs 20 lakh to eligible startups, along with capital grants for incubator and accelerator infrastructure. The administration also intends to collaborate with Startup India, angel investor networks, and premier institutes to create a supportive startup ecosystem in J&K.
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IPO bound Imarticus Learning acquires MyCaptain
Economic Times
·
2m ago
Medial
Imarticus Learning has acquired edtech startup MyCaptain for Rs 50 crore, expanding its reach into non-tech skilling across India's tier 2 and 3 cities. The acquisition aims to enhance career opportunities for over five lakh MyCaptain users. Imarticus now offers 60+ live programs in new-age careers and plans offline expansions at 20+ centers. This marks Imarticus's fourth acquisition in four years, aligning with its goal to reach 5 million learners in three years.
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