Flipkart CEO Kalyan Krishnamurthy has invested an undisclosed amount in B2B e-commerce startup Moglix. Kalyan, who was earlier Managing Director at venture capital firm Tiger Global, is an investor in several startups, including home rental venture Nestaway and wellness chain Cure.fit. This is his first investment in the B2B e-commerce space, according to Moglix.
Paypal enters India's education market
One of the world’s largest online payment companies, PayPal, is now integrating its services with Indian online education platforms. The US-based company has been active in India since 2008 in the cross-border payments business. In 2017, PayPal launched its domestic operations in India. Among the verticals that PayPal has specialised in globally is education, a market worth $215 billion in India.
Aibono raises $2.5M
AI-powered fresh food aggregator platform Aibono raised $2.5 million in its Pre-Series A round led by impact investor Menterra (India), Artha Initiatives (Zurich), Milliways Ventures (Bay Area), Rebright Partners (Japan), 3One4 Capital (India). Aibono plans to expand its market reach, strengthen logistics that minimise the Seed-to-Plate timeline, ramp up its headcount, and on-board the next phase of small food and vegetable farmers.
TartanSense raises seed funding
Bengaluru-based agritech and robotics platform TartanSense has raised $2 million in seed funding. The round was led by Omnivore, Blume Ventures, and BEENEXT. The other investors in the round included Dileep George, co-founder of Silicon Valley-based Vicarious AI (backed by Elon Musk and Jeff Bezos), GreyOrange Co-founders Akash Gupta and Samay Kohli, as well as Kush Jawahar from Featherlite.
GA invests in Think & Learn
General Atlantic has invested between Rs 31.32 crore and Rs 34.53 crore in Think & Learn, the owner and operator of edtech platform BYJU'S Learning. Media reports added that Chinese conglomerate Tencent had also invested in BYJU'S, taking the total investment in the edtech platform to between Rs 75 crore and Rs 80 crore. BYJU'S is currently valued at over $4 billion.
FYND not acquired by Reliance
Refuting rumours that it is being acquired by Reliance Group, omnichannel shopping startup FYND has stated that it aims to continue as an independent entity. The B2C marketplace Co-founder Harsh Shah told YourStory that although they are in talks with multiple parties, including the Reliance group, for investment, the team is not looking at being acquired.
Yalochat raises $8M
Yalochat, a San Francisco-based artificial intelligence-driven customer relationship management (CRM) platform has its sights set on India. The company has recently raised $8 million in its Series A round of funding led by Silicon Valley-based Sierra Ventures. According to a press statement, these funds will be used for Yalochat’s expansion of its operation and team across India.
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