Investments, News

#Fundingwire: Hyderabad Angels Invests Rs 15 Cr in 12 Startups, Creema Raises $10M From Globis Capital Partners & More

skillshare#FundingWire is your quick daily dose of notable investments made in the technology space. The firms covered in this segment include Creema, Pianta, Skillshare & Hyderabad Angels

Hyderabad Angels Invests Rs 15 Cr in 12 Startups

Hyderabad: Hyderabad Angels, group of angel investors, has invested a sum close to Rs 15 crore in 12 startups. Hyderabad Angels further prepares to invest in 12 more startups and add 50 more investors to its current portfolio of 100 angels.

Hyderabad Angels saw a growth of 20% in investor base since inception, has doubled strength to nearly 100 last year, increased interest from investors from the US, Japan and Singapore, said the chapter chairman Pradeep Mittal.

Though sector agnostic, some of the sectors that this group is attracted to were artificial intelligence, augmented reality & virtual reality, financial, education and healthcare technologies, among others. Prominent among the ventures supported by Hyderabad Angels so far include a combination of B2B and B2C businesses like GIBSS, NowFloats, Explara, Indian Money and Thrillophilia. Read More

Home Healthcare Startup Pianta Raises Seed Investment from FreeCharge Founders

Bangalore: Pianta, which is a home healthcare services marketplace, has raised undisclosed amount in seed funding from FreeCharge founders Kunal Shah and Sandeep Tandon.

The company was founded in 2015 by Swaminathan Seetharaman, Ganesh Subramanian and Nitin Agarwal, with an aim to connect trusted home health care providers with consumers.

Pianta helps discover and book appointments with healthcare providers who provide home visits for physiotherapy, nursing and lab sample collection. Read more.

Creema Raises $10M From Globis Capital Partners

Tokyo: Creema, Japanese startup behind C2C marketplace for handmade products, has raised $10 million in latest round of financing led by Globis Capital Partners (GCP). For Creema, this is its fourth round following an approximately $911,000 raise from KDDI Open Innovation Fund (KOIF for short, jointly operated by leading Japanese telco KDDI and VC firm Global Brain) back in June 2014. In addition to GCP, participating investors in the latest round were KDDI, Global Brain, and SMBC Venture Partners, as well as Creema founder and CEO Kotaro Marubayashi himself

The company will use the funds to strengthen development and marketing efforts. Creema had depended on word-of-mouth marketing among users, and is now expecting to hit about $92 million in gross merchandise volume for 2016. Read More

Edtech Startup Skillshare Secures $12M led by Amasia & Omidyar Network

New York: Skillshare, edtech startup, has raised $12 million of financing in Series B co-led by Amasia and Omidyar Network. The funding brings the company’s total capital raised to $22 million to-date. New York-based Skillshare, which employs 40 full-time people, intends to use its new funding to employ more people, expand internationally and continue to add courses and features that its instructors.

“As a low-cost subscription business in a largely high-cost and a-la-carte driven industry, we see ourselves as the Spotify to the industry’s iTunes,”  said Mike Karnjanaprakorn, team leader. Skillshare costs $10 per month but offers its subscribers unlimited access to its courses for that price.

The company reports 3 million enrollments to-date and a growing course catalog that has reached 5,000 classes to-date. Skillshare did not disclose more granular user metrics such as a daily active user count, subscriber churn or average or median amount of time spent on the site. Read More

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