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Flipkart, Paytm founders back ed-tech startup Unacademy

August 24, 2016

Sorting Hat Technologies Pvt Ltd, which runs educational-technology platform Unacademy, has raised $1 million from a clutch of investors including Flipkart co-founders Sachin Bansal and Binny Bansal and Paytm founder Vijay Shekhar Sharma. The funding will be utilized to develop apps and products and hire employees.

Read more - http://www.vccircle.com/news/technology/2016/08/24/flipkart-paytm-founders-back-ed-tech-startup-unacademy

EnCashea raises funding from Kunal Shah, others; in talks to buy smaller rival RaddiMan

August 24, 2016

Bangalore-based scrap collection and recycling startup EnCashea has raised an undisclosed amount in seed funding from FreeCharge co-founders Kunal Shah and Sandeep Tandon, Tracxn Labs and a group of unnamed investors. The company is now in advanced talks to acquire its city-based rival RaddiMan.

Read more - http://www.vccircle.com/news/technology/2016/08/23/exclusive-encashea-raises-funding-kunal-shah-others-talks-buy-smaller

Deal discovery startup NearU raises funding from marketing guru Goutam Challagalla

August 24, 2016

Mumbai-based deal discovery startup NearU has raised an undisclosed amount in funding from Goutam Challagalla, a professor of marketing at business school IMD, Switzerland. Founded in June 2015 by Rao, NearU is a location-based mobile app for deal discovery. The startup follows an online-to-offline model connecting users to outlets.

Read more - http://www.vccircle.com/news/technology/2016/08/23/deal-discovery-startup-nearu-gets-funding-marketing-guru-goutam

Personalized Mobile Learning Platform for Professionals nhance raises seed $300K seed funding

August 23, 2016

nhance, a personalized mobile learning platform for professionals in emerging markets, has raised seed funding of $300K earlier this year from education entrepreneur and investor, Mohan Lakhamraju. Launched in 2015, nhance’s mission is to bridge the delivery gap between content platforms and learners by making learning easy, engaging and effective. nhance does this through its proprietary mobile learning platform, which transforms learning content into games and delivers interactive, bite-­‐sized experiences to users’ on their smartphones.

Read more - https://inc42.com/startups/nhance-seed-funding/

US firm FullContact acquires Kochi-based start-up Profoundis

August 23, 2016

FullContact, a US-based contact management platform for professionals and enterprises, has acquired Profoundis, which is based at Infosys’ co-founder Kris Gopalakrishnan-backed Startup Village in Kochi, Kerala. Profoundis provides technology-enabled human verified data research platforms. FullContact’s purchase of Profoundis follows $25 million in new funding, which the company will use to accelerate its growth, recruit global talent and fund further acquisitions.

Read more - http://www.business-standard.com/article/companies/us-firm-fullcontact-acquires-kochi-based-start-up-profoundis-116082300355_1.html

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