Edtech company, NEST Education (Naandi Education And Support Training) has raised $600K in follow-on funding from the Michael and Susan Dell Foundation and Anand Mahindra , Chairman and MD of the Mahindra Group. NEST Education has deployed Alphabyte – The Learning Centre , which are high-quality …
Tag: Byju’s
IFC to increase focus on India by backing early-stage venture capital funds
As of 30 June 2016, IFC’s exposure in India was $5 billion, largely in sectors such as infrastructure, financial services, logistics and healthcare.
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Alteria Capital to launch India’s biggest venture debt fund with a corpus of Rs 1k cr
Former senior executives of InnoVen Capital, Ajay Hattangdi and Vinod Murali, plan to launch Alteria Capital, touted to be the country’s biggest venture debt fund with a corpus of Rs 1,000 crore. Alteria Capital will have a corpus of Rs 800 crore ($125 million) with a greenshoe option of ra…
Trend Alert: B2B start-ups to take an edge over B2C, says Mohandas Pai
Business to Business (B2B) start-ups are observing an upward trend in the funding space given the growing demand for backend service support in the business ecosystem, said Mohandas Pai at a panel discussion of ‘BizLab Takeoff 2017’ organised by Airbus BizLab in Bengaluru. Pai, who is the Co-Foun…
Ed-tech start-up Genext Students raises pre-Series A round
Genext Students Pvt. Ltd, which runs an eponymous tutoring platform combining online, mobile and physical modes, has raised $580,000 (about Rs 3.75 crore) in pre-Series A funding from undisclosed investors, a company statement said. The startup will use the funds to ramp up the team, upgrade tech…
5 Cockroach ways for a start-up to light the beacon
Gone are the days of the highly valued and well-funded unicorn startups that leapt high but fell later. Having burnt their fingers with unicorns, investors are now shying away from them and turning their attention to cockroach startups that are slowly, but steadily focussed on building a robust b…
Byju’s raises money from Verlinvest
Bengaluru: Byju’s, the edtech startup, has raised an undisclosed funding from Belgium based venture firm Verlinvest. The money will be used for fuelling international expansion and acquisition plans. “In the last 18 months, we have witnessed exponential growth in India. While these numbers are ve…
World Bank’s IFC plans an aggressive foray into series A start-up deals
World Bank’s arm IFC is planning an aggressive foray into startups at Series-A level, as part of its recent push towards early-stage investing in India. Till now, it has backed more mature startups like Byju’s, Lenskart, Bigbasket and Blackbuck, with ticket sizes upwards of $5 million…
Israel’s OurCrowd looks to bring more Indian investors on board
Israeli crowdfunding platform OurCrowd is looking to bring Indian angel investors on board to fund companies in Israel and in other countries and has caught the interest of prominent angel investor Mohandas Pai as well as Indian crowdfunding platform LetsVenture. Pai said he is set to join the pl…
Back to square one: Funds drying up for start-ups
After two years of hyper growth fuelled by a funding boom, India’s startup sector is busy getting back to the basics. And as these enterprises get ready for the new year, the glass looks more half full than half empty compared with the year gone by. Data from startup researcher Tracxn show …