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Tanglin leads $7.5 Mn round in Footprints Preschool & Daycare

EntrackrEntrackr · 7m ago
Tanglin leads $7.5 Mn round in Footprints Preschool & Daycare
Medial

Tanglin leads $7.5 Mn round in Footprints Preschool & Daycare Early childhood education and daycare startup Footprints Preschool & Daycare has raised $7.5 million in Series A funding, led by Tanglin Venture Partners. The proceeds will be used to accelerate the launch of new centres, deepen investment in smart surveillance and AI-driven learning systems, and enhance digital engagement with parents, Footprints said in a press release. Footprints Preschool & Daycare is an early childhood education and daycare chain in India. It focuses on holistic child development using the US-based HighScope Curriculum and places a strong emphasis on child safety and parental involvement. Footprints claims to operate numerous centres across 24 cities, serving over 48,000 parents, and provides features such as live CCTV access and a mobile app for parents to stay connected with their children. Footprints aims to reshape early childhood learning by integrating personalized care with technology-driven solutions and efficient operations. It prioritizes child safety through features such as live CCTV access, child-safe infrastructure, and thorough background checks for all staff. “Our focus has always been on creating safe, nurturing, and stimulating environments where every child’s potential is recognized and developed. With the support of Tanglin Venture Partners, we are now positioned to deepen our impact and bring our model to even more families across the country. Our commitment to trust, transparency, and technology-driven care remains the foundation of our growth,” said Raj Singhal, co-founder and CEO of Footprints. Tanglin Venture Partners, a venture capital firm founded by Ravi Venkatesh, a former Tiger Global executive, is gearing up to raise $250 million for its third fund. Its portfolio includes Pocket FM, Moglix, Sugar.fit, Good Flippin' Burgers, abCoffee, Scapia, Plum, Open, Ninjacart, Jupiter, and Rupeek, among others.

Tiger Global plans $2.2 Bn venture fund

EntrackrEntrackr · 17d ago
Tiger Global plans $2.2 Bn venture fund
Medial

Tiger Global plans $2.2 Bn venture fund Tiger Global Management is planning to raise a smaller venture capital fund as it shifts back to its earlier investing approach. According to a Bloomberg report, the New York based investment firm is looking to raise about $2.2 billion for its new fund, a sharp reduction from the much larger vehicles it raised during the market boom. The new fund, internally referred to as PIP 17, will be similar in size and structure to Tiger Global’s earlier funds. This marks a departure from the firm’s previous two venture funds, which raised $6.7 billion and $12.7 billion respectively. In 2023, a Financial Times report said that Tiger Global Management had raised $2.7 billion for a new fund, citing filings with the US Securities and Exchange Commission. However, no further updates were disclosed after that. According to the Bloomberg report, Tiger Global said in a letter to investors that the upcoming fund will focus on a more selective investment strategy and a slower deployment pace. In 2025 so far, the firm has made nine new investments after reviewing hundreds of potential opportunities. Founder Chase Coleman and other Tiger Global insiders are expected to be the largest investors in the fund, which is scheduled to hold its first close on March 18, according to the report. The firm added that its strongest historical performance came from a smaller scale and more disciplined investment approach. In India, Tiger Global has backed only four companies namely Infra.Market, Captain Fresh, Infinite Uptime, and EatClub. Notably, all these were follow-on investments where the firm was already an existing backer. Even in 2024, Tiger Global made just two investments in Wiz Freight and Jupiter’s NBFC arm, both of which were also as an existing investor. According to Fintrackr data, Tiger Global backed over 50% of the startups that attained unicorn status in 2021. In 2022, its portfolio companies including DealShare, Oxyzo, Games24x7, Polygon, and Open also entered the unicorn ranks.

ValuAble hits first close of maiden investment vehicle at 25% of target

VCCircleVCCircle · 1y ago
ValuAble hits first close of maiden investment vehicle at 25% of target
Medial

- ValuAble Partners, a venture debt firm, has achieved the first close of its maiden venture debt fund, raising around $25 million. - The firm plans to raise a total of approximately $101 million for its fund. - ValuAble Partners focuses on investing in companies in the pre-Series A and Series A funding stages, with investments ranging from $2.5-4 million per company. - The fund prioritizes investments in sectors such as healthcare, fintech, agritech, edtech, and greentech. - ValuAble Partners aims to invest in 40-50 businesses that align with ESG principles and UN Sustainability Development Goals. - Ajay Mittal, a former partner at Ascent Capital, was appointed as a general partner and investment manager of ValuAble Partners.

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