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Edtech startup MyCaptain raises Rs 14 Cr from IPV, others

EntrackrEntrackr · 1y ago
Edtech startup MyCaptain raises Rs 14 Cr from IPV, others
Medial

Edtech startup MyCaptain has raised Rs 14 crore (approximately $1.7 million) in a new round from Inflection Point Ventures, MyNavi, Piper Serica, Super Capital and Ankur Capital. Earlier to this round, the startup had raised $3 million in its pre-Series-A round led by Ankur Capital in January 2022. The fresh proceeds will be used to expand its hybrid programs into different cities, establishing over four regional sales centers. Additionally, the startup aims to enrich its course offerings, introducing new programs of over 50 beginner courses and five placement readiness programs. Co-founded by Mohammed Zeeshan, Sameer Ramesh and Ruhan Naqash, MyCaptain allows students to learn directly from young professionals, discover new career options and build practical skills through over 30 beginner to advanced live cohort-based courses. The startup claims to have crossed over 20,000 enrollments across its courses and will be ending with Rs 31 crore in booking revenue in FY23-24. It plans to reach 50,000 yearly enrollments in its courses and Rs 100 crore in bookings by FY25-26. The platform has trained more than 250,000 learners in careers across content, design, visual arts, finance, business and empowered them to become entrepreneurs, writers, designers, filmmakers, financial analysts, and more.

Related News

The Artment raises Rs 10 Cr in pre-Series A round led by IPV

EntrackrEntrackr · 5d ago
The Artment raises Rs 10 Cr in pre-Series A round led by IPV
Medial

Snippets The Artment raises Rs 10 Cr in pre-Series A round led by IPV Home décor and lifestyle brand The Artment has raised Rs 10 crore in pre-Series A funding round led by Inflection Point Ventures. The round also witnessed participation from Siyaram Family Office, ESV, Capitar Ventures and others. IPV made its investment in this round through IPV International as well, utilizing the GIFT City route. The Gurugram-based company had previously raised $527K in a seed funding round from Harshit Poddar and others. The proceeds will be deployed over category expansion, investment in ‘Art Lab’ – a tech-platform to crunch data, launch products and towards channel expansion, The Artment said in a press release. Co-founded in 2019 by Aditya Agarwal and Aanchal Agarwal, The Artment offers a wide range of artistic home furnishings, including dining, lighting, and wall art, designed with various art movements in mind. The brand maintains a strong online presence through its website and major e-commerce platforms, and has expanded into offline luxury retail through a partnership with Taj Hotels. “At Artment, we invested early in building a strong data analytics infrastructure called Art Lab, which powers our ability to launch the right assortment efficiently and stay close to evolving consumer preferences,” said Aditya Agarwal, founder & CEO, The Artment. As per a market research, India’s home & living market, currently valued at $3.7 billion, is growing at a 15% CAGR, with 12% of sales occurring online. The Artment claims that it is EBITDA positive and is aiming to reach 100 crore ARR in the next six months. The brand has a repeat customer rate of 20%, showing trust and steady demand from the existing users. The Artment is backed by a deep supply chain network present in most key art and manufacturing clusters across India such as Moradabad, Khurja, Firozabad, and Jodhpur.

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