NxtWave raises $2.8M in pre-Series A round led by Orios Venture Partners and Better Capital
Hyderabad-based edtech startup NxtWave has raised $2.8 million in pre-Series A round led by Orios Venture Partners and Better Capital.
The current funding round also saw participation from Ravi Bhushan (Founder, BrightChamps), Ramakant Sharma(Founder, LivSpace), Vikram Kailas (Cofounder, Mytrah Energy), Umang Kumar (Cofounder & President, CarDekho), Chakradhar Gade (Cofounder, Country Delight), Anupam Mittal (Founder, Shaadi.com), Vikas Malpani (Cofounder, Leher & Commonfloor), Rajesh Shawney (Founder, GSF Accelerator), Nandu Nandkishore (Professor ISB & Former Global CEO Nestlé Nutrition) and Shaji Devakar (Executive Director, IIFL Wealth) and Giridhar Malpani (Founder, Climber Capital).
Launched amidst the pandemic in September 2020 by Sashank Reddy Gujjula, Anupam Pedarla and Rahul Attuluri, NxtWave claims to be cash-flow positive and has profitably grown by 9X in the last 10 months to $7.5 million ARR.
The startup offers vernacular, asynchronous and online cohort-based training programs in Industry 4.0 tech career tracks for college students, graduates and early professionals. In the last 6 months, 250+ companies have hired NxtWave graduates including the likes of Google, Jio etc, stated the press statement.
NxtWave has built an active student community of 200,000+ students from over 3,000 colleges and currently has paid customers from 250+ districts with more than 85 percent of them coming from non-metros and rural areas.
BizzTM raises $1.2M in seed round led by 2am VC, along with Axilor Venture and others
BizzTM, a burgeoning M2B2C model startup enabling retailers to sell without owning inventory through a supply chain platform working on aggregated delivery services has raised $1.2 million in its seed round. 2am VC, a US-based early-stage India fund, along with Axilor Ventures, Let’s Venture, IIMI Fund, Qua Capital, Incisive Ventures, and marquee angel investors such as Anupam Mittal (founder Shaadi.com), Ramakant Sharma (Co-founder Livespace), Abhishek Nag (Director at Netflix) and Ryan Valles (a US-based serial entrepreneur), has invested in the startup. Family offices like Patni, Supriyajith Family Trust, and Almoayed General also contributed to this round.
The brand will leverage the freshly infused capital to further expand its presence in 100 new cities across Indian northern regions while adding innovative categories, onboarding cutting-edge technology, and improving existing supply chain infrastructure.
Edtech and SaaS startup Vertocity raises $300K in pre-Seed round led by Techintelli Solutions Pvt Ltd
Career-focused edtech and SaaS startup, Vertocity, has raised around $300K in a pre-seed round. The startup aims to expand to the international market and increase the number of courses and strengthen its SaaS products to provide a seamless management and hiring experience for colleges and corporates.
Speaking about the recent development, Ravi Teja Nadakudity, Founder and CEO at Vertocity said, “We intend to make a difference in the educational ecosystem. Vertocity will go ahead with developing strong SaaS products for the educational fraternity and build strong niche courses to make youth employable.”
The startup is also into its SaaS products namely, LMS and Opportunity Board for Colleges and corporates to ease the operational and hiring challenges.