Tag: INR

12
Oct
2020
Posted in technology

Miko Raises INR 23 Cr In Pre-series B Round Led By Stride Ventures

Existing investors Chiratae Ventures, YourNest Venture Capital and NASSCOM former chairman Keshav Murugesh also participated in the round

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3 min read

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Mumbai-based startup Miko—founded in 2015 by IIT-Bombay graduates Sneh R. Vaswani, Prashant Iyengar and Chintan Raikar—has raised INR 23 crore in a pre-series B round led by Stride Ventures.

Existing investors Chiratae Ventures, YourNest Venture Capital and NASSCOM former chairman Keshav Murugesh also participated in the round.

The trio founded Emotix which focuses on creating emotionally intelligent solutions and its products leverage proprietary and state of the art artificial intelligence (AI), robotics and Internet-of-Things.

Launch Of Miko 2

After the success of their first generation of Miko, the robotics startup developed Miko 2—a puppy-sized companion robot for children. It uses AI and voice-recognition technology to see, hear, sense, express, talk and recognize faces. The widget tackles a multifaceted need-gap of education, technology, entertainment and hence is an enabler in effective parenting.

“Our growth journey till Miko 2 was about creating a product that meets the needs of today’s parents who seek a positive and trusted gateway of technology. Miko 2 has now evolved into a powerful content subscription platform with global content alliances,” said  Vaswani, co-founder and chief executive officer, Miko, in a statement. “We are on track to surpass the 100,000 user mark in the coming quarters with Miko 2 hosting hundreds of applications and use cases. It’s very encouraging for the entire Miko team to build a global consumer technology brand out of India. In our journey, we are very pleased to partner with Stride Ventures and are looking forward towards a

08
Oct
2020
Posted in technology

Paytm Stands Tall; Announces INR 10 Cr Fund For Mini App Developers

The latest development has been welcomed by the Indian startup ecosystem, which has been up in arms about Google’s Play Store policies

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After the announcement of Mini App store to fight against the monopoly orchestrated by Google in its Play Store, Paytm founder Vijay Shekhar Sharma on Thursday announced INR 10 crore investment fund for mini app developers at a virtual conference.

The developer conference also had Vishal Gondal, founder and chief operating officer, GOQUii, Anand Lunia, general partner at India Quotient, Rajesh Swahney of GSF Accelerator and Murugavel Janakiraman of Matrinomy.com as speakers. Around 5,000 developers registered for the virtual conference.

The latest development has been by and large welcomed by the Indian startup ecosystem, which has been up in arms about Google’s Play Store policies.

However, after facing backlash, Google has decided to extend its deadline for Indian app developers to comply with its play billing system to April 2022 from the original date of September 2021.

The Fallout

The move to support indigenuous app developers has come days after Paytm was taken down by Google from its Play Store for violating the company’s gambling policy. Within a few hours of the move, Google had restored the Paytm app on the Play Store, but Vijay Shekhar Sharma, has since then gone on record multiple times expressing his discontent with Google’s high-handed behavior of abusing its monopoly over the Indian internet ecosystem.

Many other prominent Indian entrepreneurs, including arch-rival PhonePe’s founder Sameer Nigam, have also come out in support of Paytm’s fight against Google.

Following this Paytm launched its own Mini App Store. Mini apps are a custom-built mobile

07
Oct
2020
Posted in technology

Edtech Startup Winuall Raises INR 14.7 Cr From Prime Venture Partners and BEENEXT

The company said it will use the fresh capital to enhance product capabilities and hire across technology, product, AI and business development teams

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Education technology company Winuall on Wednesday said it has raised INR 14.7 crore funding from Prime Venture Partners, BEENEXT, Ramakant Sharma, founder of LivSpace along with a clutch of angel investors.

Founded in 2019 by Ashwini Purohit and Saurabh Vyas, Winuall ties up with small and medium coaching centres to help them digitise the learning experience for their students with online study material, assessments and live classes.

It achieves this by offering institutes and tutors a software-as-a-service (SaaS) plug and play platform on a subscription model. The company provides tutors and institutes tools like class scheduling, batch management, attendance, live classes, online quizzes, AI-based recommendations, online courses, building online platforms etc. Additionally, tutors also get to sell their courses across the globe and collaborate with other tutors via Winuall platform.

“Our aim is to enable tutors in India to go digital and improve the quality of learning for students. We want to empower the tutors & coaching institutes to remain independent by building and retaining their own brand name through our platform,” said CEO Purohit. “With the ongoing pandemic, this investment is a testament to how newer trends of online learning will emerge in the times to come.”

The Bengaluru-headquartered company has so far on boarded over 3,700 coaching institutes and 5,000 tutors across the country. It aims add about 20,000 coaching institutes and serve more than three million students by the end of  2021.

The company said it will use the fresh capital to enhance product

30
Sep
2020
Posted in technology

Edtech Startup Sunstone Eduversity Raises INR 24 Cr In Series A Funding Led by Saama Capital

The Series A funding round was led by early-stage investor Saama Capital along with participation from Ashish Gupta of Helion Advisors, Pankaj Bansal of PeopleStrong and existing investors Prime Venture Partners, Rajul Garg and Purvi Capital

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3 min read

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Edtech startup Sunstone Eduversity has raised INR 24 crore in Series A funding round led by early-stage investor Saama Capital.

The round also saw participation from Ashish Gupta, managing director of Helion Advisors, Pankaj Bansal, co-founder and chief executive officer of PeopleStrong along with existing investors Prime Venture Partners, Rajul Garg and Purvi Capital.

Founded in 2014 by IMT alumni Ashish Munjal and Piyush Nangru, Sunstone Eduversity offers Pay after Placement—program fees paid only upon successful placement with a company—higher education programs in partnership with several colleges and private universities. The company claims to work closely with corporates to develop industry ready specializations, such as BFSI, logistics, sales management and digital marketing.

“Sunstone Eduversity is fixing the problem of large scale skill gaps in students by adopting one simple principle, accountability. By collecting fees only after our students get jobs, we make sure that all the cogs in our system are working towards the success of our students,” said Ashish Munjal, co-founder, Sunstone Eduversity.

The company has so far partnered with eight institutions in six cities and claims to have secured 100 per cent placements for its 2018-20 batch, with some of the prominent recruiters being Axis Bank, HDFC, WNS, Genpact, Amazon, TCS, Karvy, Byjus, Reliance Retail, PolicyBazaar and Swiggy. Further, it generated over 450 internship offers for the batch of 2019-21 even during the pandemic.