#FundingAlert: 10club raised one of the largest seed funding rounds in South Asia, Quizizz raised $31.5 million in Series B, and more

Here's a round-up of funding news from this week.

In the first six months of 2021, Indian startups raised $10.8 billion – more than twice the amount that was raised in the first half of last year. A total of 31 mega-rounds – deals of over $100 million – have been recorded this year so far compared to 28 last year.

Here’s a round-up of funding news from this week:

peAR Technologies raises Rs 2.5 crore in a pre-Series A1 round led by Inflection Point Ventures

peAR, among the first startups in the Asia-Pacific region to make an augmented reality-based in-restaurant ordering app, plans to use the funds towards building 3D Modelling technology for augmented reality. Additionally, the startup will launch in four cities – Mumbai, Bengaluru, Delhi/NCR, as well as Pune.

Edtech startup Nalanda raises Rs 40 crore from impact investor Aavishkaar Capital

The Kolkata-based startup is a preschool education company operating under the brand ‘Little Laureates.’ The platform is looking to expand nationally through its integrated platform of digital content, curriculum and pedagogy.

Rural tech startup Hesa gets $2 million in seed funding

The seed round was led by Venture Catalysts. Accelerator fund 9Unicorns also participated in the round.

Founded in 2019, the startup unifies value chains in rural India by enabling local brands and businesses to join together as a community. 

GoBolt raises $20 million in its Series B round

The logistics startup’s funding round was led by Paragon Partners and saw participation from existing investor Avishkaar Capital.

The startup is GoBolt is an end-to-end logistics solutions provider that gives line haul express solutions to the e-commerce and non-ecommerce industry.

10club raised $40 million – one of the largest seed funding rounds in South Asia

10club acquires small brands that sell their products on e-commerce platforms and scales those businesses. Their seed round was co-led by Fireside Ventures and an unnamed global investor.

Quizizz raised $31.5 million in a Series B round led by Tiger Global

The edtech platform helps teachers create gamified quizzes and interactive lessons that generate instant student feedback. This is done without the need for grading by hand.

The startup will continue to expand its team across India and the US to keep pace with customer growth and invest in key partnerships to accelerate expansion in international markets.

Amanat Khullar is the Content and Editorial Manager at ADIF.

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