This week, Lenskart raised Rs 400 crore from Ratan Tata, IFC, others. MobiKwik raises around 70 million from GMO Payment Gateway and MediaTek. Let’s take a look at some of the funding and acquisition news which made headlines in the startup space.
1. Mobile internet company MoMagic invests $1 million in edtech startup EduAce
As per the latest information about the startup, Lucknow-based edtech startup EduAce Services has raised $1 million in seed funding from Delhi-based mobile Internet company MoMagic Technologies.
EduAce is one of India’s leading knowledge services and innovations company, in the field of school education. Founded in the Year 2012 by Gaurav Yadav and Kalpana Singh, EduAce Services, is North-Central India’s leading education services company, with headquarters in Lucknow.
2. Bengaluru-based eCommerce service provider Unbxd raises Series B funding
Bengaluru-based Unbxd Inc., which helps eCommerce companies by providing them with search, navigation, product recommendations, merchandizing and analytics solutions, has secured an undisclosed amount of capital in the Series B round of funding.
The funding was led by entities advised and managed by Nirvana Venture Advisors, along with existing investors including IDG Ventures, Inventus Capital, and Indian Angel Network. The company had raised $2 million in a Series A funding in 2013.
3. Active.ai, Indee and Affordplan get $500,000 each worth of funds from Kalaari Capital
As per the latest information Kalaari Capital has invested $500K in Active.ai, Indee and Affordplan. Active.ai provides a tech platform for banks, wealth managers and financial services companies to interact with customers. It was founded by Ravi Shankar, Parikshit Paspulati and Shankar Narayanan in 2016.
Affordplan is a tech product for doctors and patients to co-design payment plans for non-emergency healthcare services which was founded by Tejbir Singh and Hemal Bhatt in the year 2016. And, Indee is web video streaming platform that helps film studios and entertainment companies to promote and test their content before releasing it to viewers. This was founded by Sharan Reddy in the year 2015.
4. SolarTown Energy Solution and Comarete Technologies Raise INR 14.1 Million Funding Through GREX
GREX, which brings an experience of regular Capital Market to private Investors has successfully facilitated capital raising for SolarTown Energy Solution and Comarete Technologies which have together raised INR 14.1 million funding through GREX platform. The funds raised will be used for building a solution based on Internet of Everything (IoE).
5. Lenskart raises Rs 400 crore from Ratan Tata, IFC, others
Lenskart has raised Rs 400 crore led by World Bank arm IFC. Ratan Tata and Infosys co-founder Kris Gopalakrisnan also invested in their personal capacity. Existing investors including TPG Growth and IDG Ventures also participated along with Adveq Management.
The company will use the Series D funding to strengthen its supply chain and lens manufacturing capabilities as well as for expanding its presence to 400 cities in three years.
6. Seclore raises $12 million in Series B funding from Sistema Asia Fund
Sistema Asia Fund, the proprietary venture capital fund of Russian conglomerate Sistema JSFC has invested in Mumbai-based technology startup Seclore.
This was the Series B funding of the startup venture co-founded by ex-IITians Vishal Gupta and Abhijit Tannu and a sum of $12 million of was raised in the round. The round also saw participation from Helion Ventures, VentureEast and India Alternatives Private Equity Fund.
7. Dental care firm Vatsalya secures Rs 11 crore from S-Squared Capital
Bangalore-based Dental care firm Vatsalya – Centre for Oral Health has secured Rs 11 crore ($1.65 million) from S-Squared Capital Investments, USA in the pre-series A round of funding. The company runs couple of dental clinics in Bangalore. It was founded in 2003 and is looking to add two more centre in the next one year.
8. MobiKwik raises around 70 million from GMO Payment Gateway and MediaTek
MobiKwik, the Gurgaon based mobile wallet company has raised between $50million and $70million from GMO Payment Gateway, a Japanese payments company and MediaTek, a Taiwan based semi-conductor company, according to sources. The existing investors such as Sequoia Capital and Treeline Asia have also participated in this Series C funding round.
