Discover more from ADIF
#FundingAlert: Edtech startup Teachmint raised $20 million, Shiprocket raised $41.3 million, and more
Here's a round-up of the latest funding news.
Shiprocket raised $41.3 million in series D1 funding
The latest round of funding for the e-commerce shipping and enablement platform was co-led by PayPal Ventures and existing investor Bertelsmann India Investments. Other participants included Info Edge Ventures, March Capital, and Tribe Capital.
With the latest capital infusion, the Delhi-based logistics aggregator Shiprocket’s total funding rose to $94.3 million.
Edtech startup Teachmint raised $20 million
The pre-series B round was led by existing investors Learn Capital and will help the year-old startup intensify its focus on the development of live teaching technology, and aid enhancement of its products, expansion into newer markets and hiring of skilled talent.
With the fourth round of funding, Teachmint became the fastest edtech platform in the country to raise $40 million.
The platform allows teachers to make their own classrooms through its app. The startup said that it has over a million teachers on its platform and has recently launched a product that expands its offerings to schools and colleges.
AI-led startup Fountain9 raised $1.9 million in seed funding
The startup offers predictive inventory planning and optimisation solution for CPG and retail, and is currently focusing on brands in the F&B, e-commerce, and retail space in the country.
Founded by Niki Khokale and Rajas Lonkar, Fountain9 plans to use the capital to enhance the intelligence of its demand sensing engine, strengthen its product offerings, and expand into global markets.
DealShare raised $144 million
The social e-commerce platform raised the latest funds at a valuation of $455 million in the round led by Tiger Global.
With the latest infusion, the company has raised a total of $183 million, and plans to use this round to expand operations, invest in technology and build its team.
Health tech platform BeatO raised Rs42 crore
The latest round of funding in the startup, a digital care ecosystem for chronic condition management, was led by W Health Ventures and saw participation from PharmEasy.
BeatO will use the capital to grow its subscriber base across multiple channels and geographies, and for product enhancement to provide care for more cardiometabolic conditions.
Amanat Khullar is the Content and Editorial Manager at ADIF.
Join the Alliance of Digital India to become a part of our journey to grow India’s startup ecosystem.