Photo credit: Pixabay.
Over the last few days, two health and nutrition startups and two edtech firms – one that made history in India – brought in funding. Meanwhile, if you’re an entrepreneur looking for a mentor or some investments, an acquisition on this list might put a little pep in your step.
Byju’s
Photo credit: Pixabay.
After bringing in a bank-breaking series C, Byju’s announced a US$50 million series D round from existing investor Sequoia Capital and the Chan Zuckerberg Initiative, Mark Zuckerberg and Dr. Priscilla Chan’s personal fund. The investment marks that fund’s first foray into Asia.
Sofina, Lightspeed Ventures, and Times Internet also participated in the round. As part of the deal, Vivian Wu, head of the Chan Zuckerberg Initiative’s education venture, will join Byju’s board.
Byju’s generates learning programs for K-12 students and also aids in prep for competitive exams. The funding will be put toward international expansion into locations including the US and UK, as well as support for its programs in the Middle East.
Poshtick
Photo credit: Phil Gradwell.
Health and wellness startup Poshtick has raised US$450,000 from Bhavya Sharma and Amit Nagar, two multimillionaires based in Noida.
The startup, which takes inspiration from poshtic, the Hindi word for “nutritious,” gives customers deals and products to help them lead healthier lives. The first of its products is “The Finge Box” – a combination of fitness and binge – mid-meal snacks that help with calories and portion control.
Founded by Pranav Sharma, the company seeks to make healthier snacks and educate its customers on nutrition.
CureInstant
Photo credit: DigitalDeconstruction .
Social health networking platform CureInstant has secured nearly US$150,000 from Dr. Rameshwar Kumar.
Funded by 18 year-old Hamraj Kumar, HealthInstant connects patients, doctors, medical stores, pathology labs, fitness centers, and other health professionals. The startup also helps people to book appointments with physicians and store their health-related data on the cloud.
Chatur Ideas
Photo credit: Pixabay.
Chatur Ideas, which connects startups with mentors and investors, has acquired online talent training company Nurture Talent Academy.
Nurture Talent Academy was started in 2010 by IIT and IIM alumnus Amit Grover, who also founded intercity cab service AHA Taxis. It provides training courses in areas including digital marketing and finance.
Devash Chawla founded Chatur Ideas in January 2015. The company raised nearly US$1 million in August from various investors.
Makkajai
Photo credit: dedivan1923 / 123RF.
Edtech firm Makkajai has cinched a US$250,000 seed investment from a group of investors, including Myntra CEO Ananth Narayanan and Anand Chandrasekaran, former chief product officer at Snapdeal.
Flipkart’s Maken Maheshwari and Ravi Garikipati, Indiabulls Ventures CEO Divyesh Shah, and Hong Kong-based Swastika Company also participated in the deal, which took place via Letsventure. Letsventure is an online portal that connects startups with angel investors, venture capital firms, and startup programs.
Founded by Roopesh Shenoy, Vinayak Palankar, Deep Shah, and Abhishek Awadhani in 2014, Makkajai provides educational math games for children in grades one through five. The startup claims to have 100,000 monthly active users, with users in the US, UK, Australia, Canada, and Germany. It launched its Android app in India this July.
Currency converted from Indian rupees. US$1 = INR 66.91
This post 5 rising startups in India – Sept. 11, 2016 appeared first on Tech in Asia.
from Tech in Asia https://www.techinasia.com/5-rising-startups-india-sept-11-2016
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