🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Former Unacademy COO Vivek Sinha raises $11 Mn for his new startup

EntrackrEntrackr · 1y ago
Former Unacademy COO Vivek Sinha raises $11 Mn for his new startup
Medial

Vivek Sinha, the former Chief Operating Officer (COO) of Unacademy, has launched his new venture called Beyond Odds Technologies, with an initial investment of $11 million. The seed funding round was led by Matrix Partners India and Lightspeed. InnoVen Capital, a subsidiary of Temasek, and Alteria Capital also joined the round among other angel investors namely Ritesh Agarwal (Founder of OYO), Gaurav Munjal (Founder of Unacademy), Mayank Kumar (Founder of Upgrad), Ramakant Sharma (Founder of Livspace), Abhishek Goyal (Founder of Tracxn), Rohit MA (Founder of CloudNine Hospitals), Sumer Juneja (Managing Partner at SoftBank), Puneet Kumar (Managing Director at Steadview Capital), and Abhinav Sinha (COO of OYO). The Bengaluru-based startup focuses on employability-led training, certification, and recruitment services for the grey-collar workforce segment. It connects employers with talent among students. The company is launching Emversity, a higher education brand, with its first center in Bengaluru on April 20, followed by six more centers in cities like Hyderabad, Delhi, Nagpur, Kochi, and Ranchi by June. These centers will offer bachelor’s degree programs, including nursing, and certification courses in partnership with universities, the company said in a statement. As per the company, Emversity’s first cohort will include programs tailored to meet skill requirements in healthcare, with tie-ups with institutions like Fortis Hospitals and Core Diagnostics for job placements and internships. Vivek Sinha announced his departure from Unacademy in August 2023 after serving for three years. Previously, Sinha was a business head at Oyo between April 2018 to September 2020. His resignation was part of a series of notable exits from Unacademy, including chief marketing officer Karan Shroff, chief of staff Abhyudayay Rana, and chief financial officer Subramanian Ramachandran. Shroff also launched his new startup LightFury Games which recently raised $8.5 million in its Seed round led by Blume Ventures.

Exclusive: EyeMyEye raises $2.5 Mn in a new tranche

EntrackrEntrackr · 1y ago
Exclusive: EyeMyEye raises $2.5 Mn in a new tranche
Medial

Full-stack eyewear platform EyeMyEye has raised Rs 20.8 crore (approximately $2.5 million) in a new tranche as part of its pre-series A round. The board at EyeMyEye has passed a special resolution to issue 14,44,847 pre-Series A CCPS at an issue price of Rs 143.96 each to raise Rs 20.8 crore, its regulatory filing sourced from RoC shows. RBA Finance & Investments and Ashish Ramesh Kacholia pumped in Rs 10 crore each while Sachin Shah participated with Rs 80 lakh. Following the fresh proceeds, RBA Finance and Ashish Kancholia will hold 6.22% each of the company. EyeMyEye will use these proceeds to operate the business, achieving the pre-defined milestones, and in the manner envisaged in the shareholder’s agreement, the filing added. According to the startup data intelligence platform TheKredible, the company has been valued at around Rs 162 crore or $20 million (post-money). Founded in 2021 by Ganesh Iyer, EyeMyEye offers a range of customized eyeglasses, sunglasses, and other eyewear-related products to consumers through its online and offline channels. EyeMyEye has raised around Rs 90 crore ($11 million) to date including a $5 million round led by LC Nueva AIF in August 2022. Entrackr had exclusively reported the development. EyeMyEye registered 34% year-on-year growth to Rs 32.45 crore during FY23. Moreover, the company’s losses remained steady at Rs 19.36 crore during the same period. It competes with the likes of Lenskart, ClearDekho, Cool Winks and Lens2Home, among others.

Exclusive: Ex-ShareChat CXO Shashank Shekhar’s new startup to raise $4 Mn led by Peak XV

EntrackrEntrackr · 5m ago
Exclusive: Ex-ShareChat CXO Shashank Shekhar’s new startup to raise $4 Mn led by Peak XV
Medial

Exclusive: Ex-ShareChat CXO Shashank Shekhar’s new startup to raise $4 Mn led by Peak XV Shashank Shekhar, a former head of content strategy and operations at ShareChat, is raising $4 million for his new startup focused on AI-led learning, according to two sources familiar with the development. “Peak XV Partners is leading the round with participation from a few early-stage institutional and angel investors,” said one of the sources requesting anonymity. “Shekhar has been quietly building this for the last few months and has early prototypes in place.” According to sources, the startup is currently in stealth and is expected to go live later this year. While details remain limited, its model draws similarities to Seekho, a career-focused learning platform. Entrackr recently reported that Seekho is in talks to raise $25-30 million. Shekhar was Head of Content at ShareChat between December 2016 and May 2018. He then co-founded the hyperlocal information platform Circle Internet, which was acquired by ShareChat in August 2020. Following the acquisition, he served as Head of Content Strategy and Operations at the Google-backed company until his resignation in March this year. “The round is expected to close in the coming weeks. The startup is likely to use the capital to expand its AI and product team, continue development and prepare for an initial rollout,” said another source. The startup’s name could not be confirmed. Queries sent to Shekhar and Peak XV did not elicit a response until the time of publication. While Shekhar’s startup will be the first direct rival to Seekho, platforms like YouTube Shorts and Instagram offer indirect competition through creator-led educational content aimed at the same audience.

Download the medial app to read full posts, comements and news.