Private institutional lender to education sector, Indian School Finance Company (ISFC) has raised $6 million of Series-A funds from social venture capital firm Gray Matters Capital. Impact investment bank Unitus Capital was the advisor for the transaction. ISFC plans to use this money to increase its loan ticket size and reach out to more clients in the country.
ShoeKonnect, a business-to-business (B2B) marketplace for leather products, has raised an undisclosed amount of investment from Indian Angel Network. Sahil Kejriwal led the round of investment on behalf of IAN and will join the company’s board. The funding will be utilized to expand the company’s business operations, enhance technology and product development and to bolster marketing initiatives.
Bengaluru-based Maya, which operates a women’s health tracker, has raised an undisclosed amount of funding from Rajan Anandan, vice-president, Google, Southeast Asia and India. The funding will be utilized to enhance user interface, develop the product and expand user base in India.
Founder chief executive officer of wealth advisory IIFL Wealth Karan Bhagat and a clutch of other angel investors have invested an undisclosed amount in Mumbai-based parenting and baby care startup Kidsstoppress. The funding will be utilized to strengthen, technology infrastructure and team. It will also expand its services to more cities across the country. Launched in 2011, owned and operated by Kidsstoppress Media Pvt Ltd, Kidsstoppress (KSP) connects parents to brands, services, and events for children through its online platform.
Delhi-based online lending platform ZipLoan has raised an undisclosed amount of seed funding led by GrowX Ventures and other angel investors. The startup will utilize the money to fund technology product, app, and data science capabilities.