Blog

Funding news

Edtech startup Rising Stars raises $2M in pre-Series A round

Mumbai-based edtech company Raising Superstar has raised $2 million in a pre-Series A round led by BLinC Invest, a venture capital fund specialising in edtech and fintech.

The company offers activity-based educational videos to parents, enabling them to engage and teach children till the age of six years. It plans to use the fund to expand its management team, enhance its global presence through localised content, and invest in technology development.

Raising Superstars was founded in 2020 by Raghav Himatsingka, an alumnus of Stanford University and former co-founder of Truckola Technologies, and Shraddha Himatsingka, an alumna of Leeds University and a former parents’ consultant. The startup was featured on Shark Tank India in 2021.

Automation platform Sheerdrive raises pre-Series A round

Mumbai-based digital AI/ML pre-owned vehicle platform Sheerdrive has secured an undisclosed investment from Inflection Point Ventures (IPV), an angel investment group.

IPV joins a group of existing investors that includes Prajit Nanu, Co-founder and CEO of NIUM; JITO Angel Network; INSEAD Angels India; Group Landmark; and Volrado Venture Fund.

Since its establishment in April 2020, Sheerdrive has been building a digital platform powered by automation, artificial intelligence, and machine learning to empower used car dealerships to optimise market opportunities and maximise their business potential.

Other news

TVS Capital Funds appoints Naveen Unni as managing partner

TVS Capital Funds has appointed Naveen Unni as its managing partner.

Unni has 20 years of experience in consulting, specialising in business transformation, digital strategy, and leadership development. He earlier served as the managing partner for the Chennai office of McKinsey and Company.

With an asset under management of approximately Rs 2000 crore, TVS Capital Funds is gearing up to launch its next growth fund. The firm’s third fund will support entrepreneurs leading technology-driven enterprises in the financial services and B2B/enterprise services sectors.