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EdTech firm Makkajai raises funding from former Snapdeal CPO

August 17, 2016

Education technology firm Makkajai has raised $200,000 in its seed round from angel investors Snapdeal‘s former chief product officer and angel investor, Anand Chandrasekaran. Makkajai is building an adaptive learning platform comprising deeply engaging educational games and learning analytics. The company claims that its Monster Math suite of games has achieved 1.5 million downloads with 100,000 monthly users.

Read more - http://economictimes.indiatimes.com/articleshow/53715336.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

MaalGaadi, ZiPi raise funds from Swan Angel Network

August 17, 2016

Online logistics marketplace MaalGaadi, an chatbot platform ZiPi, have raised funding from Indore-based Swan Angel Network. While MaalGaadi has raised $375,000 (INR 2.5 Cr) from Swan Angel Network, Sachin Khandelwal and other investors, ZiPi has raised an undisclosed sum from Swan Angel Network alone.

Read more - https://inc42.com/buzz/funds-maalgaadi-zipi/

SoftBank leads $90 million funding in Oyo

August 17, 2016

Budget hotel aggregator Oyo Rooms is closing a $90-million financing round, split into two tranches, led by its largest shareholder SoftBank. The budget hotel aggregator’s valuation has remained flat at around $400 million, pre-money . Its other investors include Sequoia Capital and Lightspeed Venture Capital, among others.

Read more - http://economictimes.indiatimes.com/articleshow/53718425.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Edtech startup Gradopedia raises seed round

August 17, 2016

Mumbai based ed tech startup Gradopedia has raised an undisclosed round of seed funding from investors in Dubai. Gradopedia is a career discovery platform and was part of the first batch of startups housed at Pune based edtech accelerator, Edugild. The funding will be utilized to build internal capabilities in learning and development and build technology in-house.

Read more - http://economictimes.indiatimes.com/articleshow/53720945.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Hike raises $175 Million from Tencent, Foxconn; joins $1-billion club

August 17, 2016

Hike Messenger has raised $175 million in a fresh round of funding led by Tencent Holdings and Foxconn Technology Group, joining the coveted ‘unicorn’ club of startups. The company would be investing in services, people, office space as well as some long term bets in areas of machine learning and computer vision.

Read more - http://economictimes.indiatimes.com/articleshow/53728746.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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