Edutor Technologies Raises Angel Round from Hyderabad Angels

Hyderabad-based Edutor Technologies has raised Rs 2 crore (nearly $400,000) from angel investor network Hyderabad Angels. The investment was led by serial entrepreneur Sashi Reddi, who has invested Rs 1 crore, said a press release. Edutor, which develops and markets interactive learning systems for touch-based devices such as tablets, will use the funds raised to expand its offerings. The company…

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Shravan Shroff, Ravi Kiran Launch Startup Accelerator VentureNursery

Come May, Mumbai will become home to a brand new startup accelerator that will kick off its maiden 13-week bootcamp with between five and eight young startups. Founders Shravan Shroff and Ravi Kiran officially unveiled plans for the accelerator, dubbed VentureNursery, at a press conference today. The accelerator starts accepting applications for the bootcamp on April 1 and intends to…

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IAN to Fund Startups Seeking $150K

In a step towards broadening its investment strategy, Indian Angel Network (IAN) will now look at slightly smaller deal ticket sizes to cater to startups in the mobile and Internet segments. It will invest a little over $150,000 in two dozen such startups, said a press release. The angel network has so far restricted itself to ticket sizes of between…

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HeadStart Ventures to Plug Funding Gap with Angel Fund

When Kallol Borah wrote in last week to introduce his latest venture, HeadStart Ventures, I was a bit confused. Borah also happens to be a co-founder of the HeadStart Network Foundation, a not-for-profit entity which hosts the popular startup showcase event HeadStart. The two, it turns out, are not related and there is some acrimony brewing on that front. But…

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