IDFC Alternatives, the private equity arm of IDFC group, is partnering with venture capital firm Parampara Capital to launch an early stage fund targeting at innovative startups.The fund, IDFC Parampara Early Stage Opportunities Fund – Series I, seeks to make Series A investments in companies across sectors where technology, intellectual property and innovation are primary differentiators.
Edtech startup BYJU’s has acquired Bengaluru-based Vidyartha, a data-driven platform offering customised learning guidance to students.The acquisition will help strengthen BYJU’S efforts to create highly personalised learning experiences for the students using the application.
Wipro chairman Azim Premji’s family office, PremjiInvest has reportedly invested $25 Mn in Bengaluru-based food company, ID Fresh Foods. With the investment, Premji Invest has acquired a 25% stake in the company at the latter’s valuation of $100 Mn. The company will use the fresh funds to grow its presence across India and expand its product offerings.
Bengaluru-based fintech startup Gumption Labs has received USD 50,000 in investment from Village Capital.The funds will be used to expand its team and operation to handle the increasing number of users of platform.
Bangalore-based WeHive Technologies Pvt Ltd, which runs parenting social network TinyStep, has raised $2 million in a fresh round of funding from its existing investor, e-commerce major Flipkart. The company said it will use the current funds to innovate on its product and expand its services.