Sports and Fitness Education Venture SportzVillage Raises $10M from Gaja Capital
Mumbai and Bengaluru based sports and fitness education venture SportzVillage has raised around $10 million in its second round of funding from mid-stage private equity firm Gaja Capital. The new funding will be used to extend its operations. In 2010, the company had secured about $2 million from Bharati Jacob and Mahesh Murthy-led early-stage fund, Seedfund, primarily for its EduSports business.
SportzVillage operates three businesses – SportzConsult (sports management company), EduSports (provide physical education and sports programmes to schools) and MeraSport is a technology initiative to improve sports user experience by leveraging new media technologies of mobile, web and IPTV.
Gaja Capital had also backed educational and training services company CL Educate, staffing firm TeamLease and EuroKids in India. The firm had raised $180 million in its III fund and invests in sectors such as education, financial services, and consumer.
Credit and Financial Technology Start-up IndiaLends Raises $1M to Accelerate its Growth
Credit and financial technology startup, IndiaLends has closed a $ 1million bridge round of investment in a deal led by existing investors – DSG Consumer Partners, Siddharth Parekh, and Gautham Radhakrishnan among others.
This investment comes within 2 months of its previous fund-raise. The company plans to utilize the investment to grow its product suite, expand operations to 7 cities, enhance technology and engage the talent in the sector.
IndiaLends has tied-up with close to 10 financial institutions and recently expanded its services to Mumbai and Bangalore, in addition to Delhi NCR. It processes over 300 loan requests a day offering loans between Rs.50,000 and Rs. 15 Lakhs.
The financing was led by DSG Consumer Partners, who have previously funded ventures such as Sula Wines, MSwipe, Veeba Food Services, Zipdial, Oyo Rooms and EazyDiner.
Online Luxury Shopping Portal Rock N Shop Raises $150K from HNIs
New Delhi-based online luxury shopping portal, Rock N Shop has raised $150,000 from high net individuals with the support of Enablers, a web-based platform connecting and facilitating fundraising transactions between startups and investors. The raised funding will be used for enhancing its technology infrastructure, hiring talent and increasing the number of luxury labels on its platform.
The company is also planning to raise more capital in this financial year to fuel further growth and ramp up operations. It offers designer apparel and accessories for men and women from fashion houses such as Victoria Beckham, Stella McCartney, DVF, Chloe, Marchesa, Halston Heritage, Alice + Olivia, Dolce & Gabbana, Saint Laurent and many more.
V-cube Global Services Acquires Majority Stake in Wiz Learn Technology from EduComp
Education solutions provider Educomp Solutions Ltd. has sold its entire stake in Wiz Learn Technology, Singapore, to V-cube Global Services for an undisclosed amount. Further, as part of the deal, Wiz Learn’s investment in 3 subsidiaries naming Singapore Learning.com Pte Ltd; Pave Education Pte Ltd and Wiz Learn Pte Ltd will also get sold.
Educomp Solutions had invested in Wiz Learn in 2007, for an aggregate amount of $9 million. The present sale will yield a return of 57% on Educomp’s original investment.
Wiz Learn’s services are used among public schools in Singapore as well as enterprises such as Mitsubishi UFJ Bank for training of employees as an education platform to provide customization and installation support.
V-cube provides visual communication platform with a service of web-based video conferencing to corporate users through cloud and on-premises license in Japan and internationally. It offers video, audio, chat, document sharing, and telephone conferencing services; and services such as remote learning, human resource management, web/TV conferencing and customer support etc.