Mobile-based social networking platform for sports, Khel Now has received $500K in funding from Thailand-based Indochine International company.The startup plans to use the funds to expand its network and services across Southeast Asian countries. The company is also planning to add sports such as tennis, basketball, badminton and Thai martial arts such as Muay Thai on its platform.
NowFloats, a firm which helps businesses get online, has received a funding of $10 million in a Series-B round from a clutch of investors including Iron Pillar and IIFL along with Blume Ventures & Omidyar Network.The company plans to invest the money on sharpening its technology stack that drives customer support which the company aims to be a hybrid of automated and human interaction. It also plans to sharpen its services for the small and medium enterprises and expand further into the tier-II and tierIII cities in the country.
Last-mile logistics provider LetsTransport has raised INR 27 crore ($4 port has raised $4 million) in a Series-A round of funding led by Japan’s payment gateway company GMO. The round also saw participation from Neelesh Bhatnagar, former CEO of Landmark Arabia. With the current round of capital,company will be building a data sciences team to improve product feature.
Math learning startup Cuemath raised $15 million (nearly Rs 102 crore) in its Series B round of funding from CapitalG (formerly known as Google Capital) and existing investor Sequoia India. The company said that the funds will be used to develop its learning system and to expand to more cities across the country.
India Educational Investment Fund (IEIF), an early-stage impact fund established by the Michael & Susan Dell Foundation (MSDF), has invested undisclosed amounts in ed-tech firm ChipperSage and job portal Select Jobs. ChipperSage Education Pvt Ltd offers English proficiency solutions that aim to improve school students’ comprehension and communication.Select Jobs, run by Select Jobs Pvt Ltd, is a job placement company for candidates at the bottom of the socio-economic pyramid, such as delivery boys, electricians, plumbers, etc.