TrulyMadly raises INR 16 Crore in pre-Series A; Valuation jumps 4X in 6 months adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
India Digest: Tech startups Teachmint, KikoTV raise fresh funding
Photo: Reuters
May 4, 2021
Social e-commerce startup KikoTV has raised an undisclosed amount in its latest funding round while online teaching platform Teachmint secured $16.5 million in its Series A round.
Online teaching platform Teachmint raises $16.5m Series A
Bengaluru-based online teaching platform Teachmint has raised $16.5 million in a Series A funding round led by US venture capital firm Learn Capital and backed by Lightspeed India Partners, Better Capital, and CM Ventures.
The new round brings the Indian startup’s to-date raise to $20 million. It last raised $3.5 million in a seed funding round led by Lightspeed India in October 2020.
May 04, 2021
Neil Bahal, CEO of Negen Capital, among angels who took part in the pre-Series A funding round
Social e-commerce start-up KikoTV has raised an undisclosed sum through a pre-Series A funding round led by global venture capital firm SOSV with participation from Venture Catalysts.
The round also saw participation from Neil Bahal, CEO of Negen Capital, and other prominent angels.
ShivamVarshney, Co-founder and CEO of KIKO TV said: “Our plan is to use the funding to speed up the seller on-boarding process, develop the product, and expand the team”.
KikoTV is a live-streaming social e-commerce platform that enables users to virtually shop, sell and access entertainment. It was founded by ShivamVarshney, an alumnus of IIT Bombay, and Alok Chawla, an MBA from NMIMS.
Venture Catalysts, SOSV invests in social e-commerce startup KikoTV adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
Dating app TrulyMadly on Tuesday said it has raised Rs 16 crore (USD 2.1 million) in funding from Venture Catalysts, 9 Unicorns, Paytm founder Vijay Shekhar Sharma and others. Early stage investor advisor Jana K Balan, Neil Bahal from Negen Capital, angel investor Ruchi Sihare and existing investors Inflection Point Ventures, The Chennai Angels and AngelList also participated in the pre-series A round, a statement said.
Paytm founder Vijay Shekhar Sharma, InMobi co-founders Abhay Singhal and Piyush Shah, Nodwin Gaming founder Akshat Rathee and Dr Vaidya s founder and CEO Arjun Vaidya also joined the round, it added. TrulyMadly will deploy the capital to build new product offerings, expand to new geographies and boost its technology by leveraging Artificial Intelligence (AI) powered platform features and Machine Learning (ML) algorithms, it said.