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SuperKalam raises $2 Mn in seed round led by Y Combinator, others

EntrackrEntrackr · 1y ago
SuperKalam raises $2 Mn in seed round led by Y Combinator, others
Medial

SuperKalam, an AI-led personal mentor for students preparing for competitive exams, has raised $2 million in its seed round led by Y Combinator and Fundersclub. The round also saw participation from notable investors, including YC Partner Puneet Kumar, GoodWater Capital, Nurture Ventures, SuperCapital, Pareto Ventures, among others. The funding will be utilized to further enhance SuperKalam’s AI-led educational platform, expand its reach, enhance user experience, and ramp up continuous innovation in personalized learning services. Founded in July 2023 by Vimal Singh Rathore and Aseem Gupta, SuperKalam provides personalized guidance and support for competitive exams. By using AI-driven analytics, the platform adapts to each student’s unique needs, offering tailored learning paths, instant doubt resolution, and progress tracking. Since its inception, SuperKalam claims to have over 60,000 students and it continues by providing students with tailored mentorship and support through its AI technology. This is the second edtech startup by co-founder Vimal, following Coursavy, which was acquired by Unacademy in September 2020.

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Sequoia and Greylock lead $50 Mn round in Aspora

EntrackrEntrackr · 2m ago
Sequoia and Greylock lead $50 Mn round in Aspora
Medial

Aspora, a cross-border financial technology company formerly known as Vance, has raised $50 million in a Series B funding round co-led by Sequoia and Greylock. The round saw participation from Hummingbird, Quantum Light Ventures, and Y Combinator. According to Aspora, it has raised over $99 million in funding to date, and the current round values the company at $500 million. Aspora is a global fintech firm focused on cross-border money transfers for non-resident Indians (NRIs). The platform provides remittance services with Google exchange rates. It enables transfers from five countries, including the UK, UAE, and Germany, and claims to have processed over $2 billion, saving users more than Rs 150 crore ($17.5 million) in foreign exchange fees. According to Aspora, it is regulated by the Financial Conduct Authority (FCA) in the UK and works with banks governed by the Reserve Bank of India (RBI). Founded in 2022 by Parth Garg, Aspora was part of Y Combinator’s Winter 2022 batch and recently underwent a rebranding exercise. The company raised $5.8 million in its seed round led by Hummingbird Ventures with participation from Global Founders Capital, Y Combinator, Soma Capital and angels such as Alan Rutledge and Gokul Rajaram.

Admission startup Ambitio raises $2 Mn in seed round

EntrackrEntrackr · 6m ago
Admission startup Ambitio raises $2 Mn in seed round
Medial

Admission startup Ambitio raises $2 Mn in seed round Admissions startup Ambitio has secured $2 million in a seed funding round led by BLinC Invest along with participation from Ritu Bapna and other investors. Prior to this, the startup raised $187K in the same round from First Cheque and others. The fresh funds will be used to invest in technology and scale distribution channels, Ambitio stated. Co-founded in 2022 by Dirghayu Kaushik and Vikrant Shivalik, Ambitio is an AI-driven admissions platform leveraging over 10 million data points to provide a personalized admissions experience. It aims to match students to best-fit universities using real admission data. Ambitio claims successful admissions in top colleges like Harvard, Stanford, Columbia, and Oxford. It plans to help over 500,000 students access global education in the next two years and competes with startups such as Yocket, Gradvine, and MiMEssay.

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