Noida-based edtech startup, Buddy4Study raised Series A funding of $3 million (Rs 20 crore) from CBA Capital, an education-focused VC fund, and Challenger 88, a Swiss investment firm reports Libza Mannan. The company plans to utilise the capital to scale up and expand its operations significantly. The funding was raised through ECF (Education Catalyst Fund) managed by CBA Capital.
Online payments platform RazorPay announced it had collaborated with Indian Railway Catering and Tourism Corporation (IRCTC) to help customers make online payments on the IRCTC website and mobile app through UPI (Unified Payment Interface), writes Tarush Bhalla. RazorPay will also provide options like net banking, wallets, and credit or debit cards.
ANI Technologies Private Limited, which runs cab aggregator Ola, pumped in Rs 50 crore ($7.6 million) into its cab-leasing business subsidiary, Ola Fleet Technologies Private Limited, filings made by the company with Registrar of Companies (RoC) revealed, reports Sameer Ranjan. This fund infusion comes months after Ola raised $1.1 billion from investors led by China’s Tencent Holdings and Japan’s SoftBank Group.
SaaS-based customer experience management platform Survaider raised $500,000 in a funding round led by The Chennai Angels and Axilor Ventures, along with participation from other angels, writes Sameer Ranjan. The platform had earlier raised a small round from Axilor Ventures in 2016.
Event management SaaS company Cvent inked a pact with the social arm of India’s IT industry body NASSCOM (NASSCOM Foundation) in New Delhi, reports Libza Mannan. As per the pact, Cvent will jointly work to provide digital literacy training to 1000+ under-served people under the Pradhan Mantri Gramin Digital Saksharta Abhiyan, a part of the Digital India initiative.
HackerEarth, an innovation management company announced the launch of Startup Connect, which connects early-stage startups with large organisations, writes Neha Jain. Under the Startup Connect programme, enterprises can host innovation challenges for business problems. Startups can participate in these challenges and match their existing product/solution to the given problem statement or modify their solution accordingly.
Digital music streaming service Gaana raised $115 million from Tencent and Times Internet in its latest round of financing, reports Harshit Mallya. The funds will be mainly invested in strengthening its technological capabilities, such as leveraging Artificial intelligence (AI) to provide users with a personalised music experience.