CoutLoot has over six lakh sellers on its platform with the eclectic mix comprising of home businesses, so-called mom and pop shops and street vendors as well.
Kredent InfoEdge Private Limited (KIPL), an entity that operates the Indian brands
StockEdge and
Elearnmarkets, has acquired growth capital of INR 10 Crore (appr. $1.35 million) from
Kotak Securities Ltd in order to expand their existing product capabilities while growing their user base.
This is reportedly the very first funding transaction that has been undertaken by Kotak Securities Limited (KSL). It comes as part of its
Start-Up Investment and Engagement Program.
The firm stated that it intends to use the proceeds to scale its e-learning and analytics platforms and will also update its data and technology.
At present, Kredent serves more than 2 million users and is currently looking to expand its user base to around 10 million. The company is focused on establishing an ecosystem that’s able to provide investors an end-to-end journey from learning (via elearnmarkets), research and data analytics (offered via StockEdge), collaboration (via StockEdge social), to trans
[Weekly funding roundup] Venture investments begin on a tepid note for month of March
Venture funding for first week of March was little under $50 million with lower number of deals, but debt financing was higher at $55 million
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The first week of March has not begun on a positive note for the Indian startup ecosystem with decline in venture funding when compared to the last week of February.
The week saw total venture funding of $49 million spread across 14 deals. This compared poorly with the last week of February, where the amount had touched $403 million.
Although, the positive highlight of the week was debt venture fund, which actually had a higher amount when compared to the equity funding. There were four debt deals during the week which garnered $55 million.
[Funding alert] Edtech startup ImaginXP raises $1 5M led by Venture Catalysts yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.