Funds

Edukemy, India’s emerging test prep EdTech company, has raised $2Mn in Pre–Series A funding round lead by Auxano, Falcon5, and other angel investors. These funds will be used to further strengthen Edukemy's position by working towards building the best test prep platform for multiple competitive examinations, as well as to build the team and scale the product.

B2B payments platform Nium announced on Tuesday that it has raised over $200 million in its Series D funding round. The funding was led by US-based tech investor Riverwood Capital. Nium’s current valuation is over $1 billion, making it the first global B2B payments unicorn from Southeast Asia.

Founded in 2014 by Emmanuel (Manu) Smadja, MPOWER Financing aims to democratize education by reducing financial barriers for high-promise students from around the world. MPOWER's loans are approved instantly and are granted at competitive interest rates without requiring a cosigner or collateral. MPOWER additionally provides students with academic, financial and career guidance to position them for success both in school and after graduation.

SoftBank-backed online eyewear retailer Lenskart has raised $200 million from investors including Temasek Holdings and Falcon Edge Capital. The company aims to use the capital along with the $95 million raised earlier in the year from KKR & Co to add more brick-and-mortar stores as well as expand its online business in Southeast Asia and Middle East. Lenskart is now...

Uniform Junction, India’s first one stop integrated supply chain platform for K-12 schools, a part of the Arvind Mafatlal group, today announced its partnership with Israel’s x10ed, a leading and cutting edge learning analytics solution provider. The association will enable Uniform Junction bring x10ed’s best in class data science methodologies empowering schools map the content to a set of...

Kolkata based edtech venture, Nalanda Learning Systems Pvt. Ltd., has raised INR 40 crof investment from Aavishkaar Capital. Nalanda Learnings rapidly disrupting the early childhood learning space in India through its digital early learning platform. Having established market leadership in West Bengal through its chain of “Little Laureates” preschools, the company has now set its sights on expanding nationally through its high quality integrated platform of digital content, curriculum and pedagogy, targeting children in early years.

Becoming one of the top investment destinations in the country, Odisha has been able to attract investments worth INR 2.96 Lakh Crore in Financial Year 2020-21 in spite of the COVID pandemic.

The deal signed goes beyond equity investments while also providing branding & marketing. The establishment with Hindustan Times will help build brand awareness in India and accelerate growth at global level.

Amazon.com Inc's cloud computing unit has bought encrypted messaging platform Wickr to enable secure communication as employees largely work from home, the company said on Friday.

FICCI Ladies Organization (FLO) organized a Panel Discussion on Investment & Funding virtually on Zoom Platform on Thursday. Participating in the discussion Mr. Surya S of IIT Hyderabad said "The Secret of Funding is you need to be eligible to get funded".