Hyderabad-based Creya Learning, an education startup that works with schools to bring practical learning solutions to primary and secondary school students, is raising its first round of funding from individual investors.
Hippocampus Learning Centres (HLC), a Bangalore-based education services provider that targets rural markets, has raised Rs 7 crore ($1.29 million) from Lok Capital and Acumen Fund as part of a Series A round of funding for an undisclosed equity stake. HLC will use the funds raised to expand its outreach to 7,000 students and 100 [...]
Bangalore-based education software startup Elucido Media Networks started its journey with a very different business proposition. Using an in-house developed content management system, the company created LCD-based information display boards for educational institutes. However, founders Rajat Rakkhit and Jay Sethuram realized that non-interactive content was not going to get them too far. They went back [...]
I happen to travel and meet a lot of people these days for work. This is a broad cross section of engineers, designers, venture capitalists and top executives of companies. Most of them are very smart, successful and usually well off folks. I would say, they represent the great resurgent India that we are so [...]
Sequoia Capital India has invested $5.5 million in Hyderabad-based education company K12 Techno Services as part of a Series B round. K12 manages 50 English-medium schools and 10 junior colleges under the Gowtham Model Schools brand. Its value proposition is high-quality education at an affordable price point. The fresh funds will be used to expand [...]
Pearson Plc, publisher of the Financial Times, has acquired a controlling stake in TutorVista, an online education startup founded by serial entrepreneur Krishnan Ganesh. The British company has paid $127 million (Rs 577 crore) to increase its stake in TutorVista to 76 per cent. It already owned about 17 per cent in the Bangalore-based startup, [...]
Accelerator to angel to VC flow still struggling to find equilibrium in India
I had fun moderating the panel on early stage financing at India Internet Day. VCCircle has an interesting article. The key issues are as under: 1. Too few deals are progressing from accelerators to angel, and from angel to Series A. Only five per cent of deals going from accelerators to Series A might not [...]
The early ecommerce marketplace pioneers: eBay class of 2000-2005
TechCrunch recently published an article I wrote about how the eBay class of 2000-2005 helped shape ecommerce in Silicon Valley and continues to innovate and move the sector forward. By understanding what shaped this class’ experience and examining where these alums are today, we identified the most important industry trends and start to see a [...]
The founder’s guide to surviving the Series A crunch
The Indian entrepreneurship and venture capital ecosystem is fast maturing. Today we have more early stage funds than ever. This fund availability will only improve, aside from the temporary blips caused due to macroeconomic ups and downs. We are in one such ‘crunch’ today, where even though seed and angel funds are writing cheques with [...]
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