Prozo, an online marketplace for buying and selling study material, has raised its Pre-Series A round of funding from a London-based venture capital firm and two affluent individuals. Prozo claims to be a search engine where students can buy books, e-learning content, coaching material and personal notes. As per its website, about 200 publishers and 60 digital content producers such as Aakash Institute, CrackVerbal, Brilliant Tutorials, Plancess, learnpedia, Meritnation and Toppr.com are selling on its platform.
Venture debt firm InnoVen Capital India has extended loans worth a total of $6 million to consumer analytics company Capillary Technologies Pvt Ltd and education technology start-up Simplilearn Solutions Pvt Ltd. Backed by Singapore’s sovereign wealth fund Temasek Holdings Pvt. Ltd, InnoVen Capital extends growth capital in the form of debt to start-ups in south-east Asia, in the range of $50,000 to $5 million for an average of 36 months at an interest rate of 13-19%.
Content marketing start-up YAAP Digital Pvt Ltd has acquired branding and design company Brand Planet Consultants India Pvt Ltd in an all-cash deal of $3 million, to expand its marketing technology tools into branding practices such as product packaging and logo designing.
Early stage investor IDG Ventures India will earn handsome returns as it sells a portion of its holding in eyewear portal Lenskart to Wipro chairman Azim Premji’s family office — PremjiInvest — which has invested about INR 200 crore in the Delhi-based company. PremjiInvest, through its entity PI Opportunities Fund-II, has subscribed to fresh shares worth INR 65 crore in the company at a valuation of INR 1,800 crore or $270 million.
Bangkok-based Indian e-commerce company, Zilingo, has raised $8 million from Venturra Capital, Sequoia India and Susquehanna International Group. The funding will be utilized to capture new markets such as Indonesia and increase presence in Singapore and Thailand by on boarding more sellers.