This comes as B2C K-12 online edtech startups in India have been suffering post-pandemic with demand falling, while those operating in the B2B edtech segments witnessed tailwinds of growth with schools more open to adopting innovation.
The funding round was led by Green Frontier Capital (GFC), a VC fund focusing specifically on climate investments; LC Nueva Investment Partners, a partnership between Singapore's Lighthouse Canton and Nueva Capital, and existing investors.
The company said the fresh funds will be used for product development and expansion into other Indian cities
In a statement, the Hyderabad-based company said it plans to use the fresh funds to introduce more product categories, focus on product innovation and expand the existing team, in the next few months.
The company, in a statement, said the fresh fund will be used to strengthen 91Squarefeet’s on-ground service muscle, and product development and deepen its engagement with its supplier network.
The company said the funds will primarily be used for research and development (R&D) of Daalchini’s autonomous retail solutions.
The startup plans to use the funds to strengthen the user experience, introduce new investment opportunities and step up hiring
The new fund will be used to strengthen Learning Experience Platform and expand the sales and marketing team to widen the customer base.
Hyderabad-headquartered Way2News, touted as the top news app in the Telugu states of Andhra Pradesh and Telangana, proposes to deploy the proceeds of the Series A round to expand into other South Indian languages of Tamil, Kannada and Malayalam.
The fund will focus on themes such as Enterprise SaaS, Fintech, Consumer-tech, and Consumer brands, and will invest up to Rs 10 crore each in Seed to Series A startups.
Securden, earlier in 2020, raised $1.2 million in a seed investment round led by Accel, which has also participated in the current Series A funding round.
In line with Prime Minister Modi’s vision of plentiful energy in the future driven by solar power, Fourth Partner Energy a ...
Getting venture capital comes in stages and phases. Series B needs some serious thought