Tekie Raises $1 5 Million from GSV, Multiply Ventures and Better Capital 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.
EdTech startup, Tekie, has raised $1.5 million in seed funding co-led by Silicon Valley-based GSV Ventures and Multiply Ventures, an early-to-growth stage fund by former e-commerce executives from Myntra, Paytm, Flipkart, and Alibaba. Better Capital has also participated in the round. Tekie plans to focus on expanding their product offerings and explore new revenue models. They have recently launched their B2B offering where they partner with schools to enable coding in their curriculum. NEP2020 has mandated schools to offer coding as a subject from class 6 onwards as part of 21st century skills. Siddharth Sharma, Pro-Vice Chairman of Delhi Public School, Ujjain commented, This is the first seed investment in India by GSV, a woman-led, multi-stage venture capital firm focused on the $7 trillion-plus education technology sector across Pre-K to Gray whose portfolio companies include Coursera, which recently went public, Masterclass, and Outlier .
Founded in 2017 by
IIT Delhi graduate Naman Mukund and SRCC alumnus Anand Verma, Tekie is a live coding platform that brings the art of storytelling to make learning a movie-like experience. The edtech startup has created the world’s first animated series on coding to teach text-based coding to kids.
Further adding, Naman Mukund said, “Having grown up in a digital-first world, the learning habits of students have evolved and the education system needs to keep up with the changing trends. Coding is not only an essential skill for the future but an effective way to build problem-solving and logical thinking among kids,
Startup news and updates: daily roundup (April 16, 2021)
YourStory presents this daily roundup of the latest startup news and updates from the Indian startup ecosystem and beyond. Here s the roundup for Friday, April 16, 2021.
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Google on Thursday pledged funds for 250,000 COVID-19 vaccinations and technical assistance towards vaccine delivery in low- and middle-income countries amidst a surge in infections across the world. The internet search giant also announced that it is helping to fund pop-up vaccine sites in the US and committing an additional $250 million in Ad Grants to connect people to accurate vaccine information.
Bengaluru-based FMCG startup Lo! Foods on Friday announced that it has raised $1 million in pre-series A round led by the Chona Family Office, erstwhile promoters of Havmor Ice Cream. Other investors including Ecosystem Ventures, Raveen Sastry (Co-founder, Multiply Ventures), KRS Jamwal, Pratyush Prasanna (Gojek) also participated in this round.
Bengaluru-based Lo! Foods on Friday said it has raised USD 1 million (about Rs 7.4 crore) in funding, led by the Chona Family Office, the erstwhile promoters of Havmor Ice Cream. The pre-series A round also saw participation from Ecosystem Ventures, Raveen Sastry (Co-Founder, Multiply Ventures), KRS Jamwal, Pratyush Prasanna (Gojek) among others, a statement said. The funds will be used towards accelerating growth, strengthening existing distribution networks and ramping up marketing, it added. Started in 2019 by Sudarshan Gangrade, Lo! Foods offers low-carb and Keto-friendly packaged products. It also has also ramped up to 20 cloud kitchens across Bengaluru, Delhi, Gurugram and Hyderabad that offer fresh low-carb food on demand through food delivery apps.