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Vertical professional networking platform Apna has raised an additional $12.5 million in a round led by Sequoia Capital India and Greenoaks Capital.
The round also saw participation from
Lightspeed India and
$20 million in the last six months.
The funds will be used to strengthen Apna s presence in existing cities, expand to new geographies, invest in exceptional talent, as well as build sophisticated engineering and product capabilities.
“At Apna we aim to uplift the workforce in every sense, Founder and CEO Nirmit Parikh said in a press statement. Over the last six months we have facilitated 16 million-plus recruiter-candidate interactions and 30 million-plus work-related conversations, where users have helped each other to start a business, find a gig, or learn a new skill.”
Investors bet big on edtech startups that bring extracurriculars online
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Synopsis
The founders of such startups say they want to democratise access to quality classes, which have traditionally been hyperlocal and exclusive. They typically charge between Rs 200 to Rs 1,300 per online session.
ETtech
Illustration: Rahul Awasthi
Mumbai Startups that offer extracurricular activities will be a key part of the edtech sector in 2021, venture capitalists and other investors told ET. While education saw a huge shift online in 2020, many students continue to forgo extra-curricular activities.
This has led to a boom in such startups, with investors and founders calling this the white space of the Indian edtech market.
Motilal launches retail advisory service TejiMandi
February 15, 2021
Motilal Oswal Financial Services through its subsidiary TM Investment Technologies has launched TejiMandi, a stock market investment service for retail investors.
With a minimum investment advice starts at ₹20,000, the product makes equity advisory significantly more accessible compared to PMS products where the minimum ticket size is ₹50 lakh. Subscription plans to the application start at ₹149 a month and provide investors access to an actively managed investment advisory with portfolio of 15-20 stocks at a one click buy, sell and rebalance facility.
The stocks are recommended based on the investor’s risk profile. The investment strategy combines tactical bets with long-term winners. Tactical bets include special company situations from a 3-6 month perspective, while long-term winners looks at stocks from a 12-18 month perspective.
Manufacturing platform Zetwerk raises $120 million to scale its operating system for manufacturers globally
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BENGALURU, India
, Feb. 2, 2021 /PRNewswire/ Global manufacturing platform Zetwerk has raised Rs. 880 Crore (US $120M) in its Series D round led by US based Greenoaks Capital and Lightspeed Venture Partners, to continue helping customers translate their digital designs into physical products, through access to a wide range of fully verified, flexible manufacturing capacity from small manufacturers (SMEs). Sequoia Capital India and Kae Capital also participated in the round.
Founded in 2018 by IIT alumni Amrit Acharya, Srinath Ramakkrushnan, Rahul Sharma and Vishal Chaudhary, Zetwerk has rapidly established itself as a universal platform for the entire manufacturing ecosystem. The platform is increasingly being adopted globally, with the company growing 3X year-on-year in 2020, despite the impact of the Covid-19 pandemic. This Serie