#Fundingwire is your dose of notable investment announcements in the Indian technology ecosystem. Firms which have recently raised fresh investments include – Lenskart, Pronzo, CheersOye!, Makkajai, BigStylist, Top Rankers and NoBroker
Lenskart Raises Close to Rs 200Cr from Premji Invest – IDG Gets Partial Exit
Online marketplace for eye wear, Lenskart has raised close to Rs 200 crore from Premji Invest. As part of the deal, its existing investor IDG Ventures has received a partial exit from the company. The investment was raised at a valuation of Rs 2000 crore
Delhi-based Lenskart, which was founded in 2010 by Peyush Bansal, had raised Rs 400 crore in May 2016 in Series D from a group of investors. The company works on an omni-channel model with 20 stores at present, which it plans to double by the end of this year. It has a current revenue) run rate of Rs 400 crore. Read More
EduTech Startup Pronzo Closes Rs 2 Cr in Pre-Series A
Delhi-based Pronzo has closed Rs 2 crore in Pre-series A round of investment from a London-based venture capital firm Earlsfield Capital and 2 individual investors -Sailender Solanki and Rajiv Solanki. The company offers a marketplace to publishers, institutes, teachers and students, for selling and buying study material.
Pronzo was founded by Ashvini Jakhar and Jerry Jose in 2014. The company claims to have 200 publishers and 60 digital content producers. Read More
Gifting Platform CheersOye! Raises Under Rs 3.35 Cr in Angel Round
Mumbai-based social gifting platform CheersOye! has raised a little under Rs 3.35 crores in angel round of investment. The names of the investors haven’t been undisclosed yet.
The company was founded by Bhavna Lalchandani and Rahul Shrivastava in 2015. It allows users to gift experiences to their friends via its website or app. It claims to have over 50,000 app downloads and 35% repeat users. Read More
EduTech Startup Makkajai Raises $250K in Angel Investment
Pune-based education technology startup Makkajai has raised $250,000 from a group of angels, including Myntra Chief Ananth Narayanan; Snapdeal’s former CPO Anand Chandrasekaran and others. The company offers gamified learning solutions for K-12 level students.
Makkajai was founded in July 2014 by Roopesh Shenoy, Vinayak Palankar, Deep Shah and Abhishek Awadhani. It claims that its product Monster Math is being used by over 500 schools and 300,000 parents across the world. Read More
On Demand Beauty Marketplace BigStylist Raises $900K from Info Edge
Mumbai-based BigStylist has raised $900,000 in a fresh round of investment from its existing investor Info Edge. This brings Info Edge’s stake in the company up to 39%. The company had previously raised Rs 6.4 crore from Info Edge in November 2015.
BigStylist was founded in July 2015 by IIT Kharagpur alumni Richa Singh, Chinmaya Sharma and Anurag Srivastava. Read More
Top Rankers Raises $670K in Angel Round
Bangalore-based online test preparation startup Top Rankers has raised $670,000 in angel round from CareerNet Consulting Pvt. Ltd and Ideation Initiative Pvt. Ltd. The portal helps in preparation for competitive exams in banking, law and public services.
It was founded in 2014 by Gaurav Goel, Malay Sarkar, Mehbub Hussain, Harish Goswami and Himanshu Joshi. It targets to grow its user base from 50,000 to 5 lakh in 12-18 months. Read More
NoBroker Raises Fresh Investment from Anand Chandrasekaran
Broker-free realty platform NoBroker has raised fresh investment from former Snapdeal CPO Anand Chandrasekaran. The financial details of the deals are presently undisclosed.
NoBroker was founded by Akhil Gupta and Saurabh Garg in 2013. It has raised $13 million till date. Read More
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