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Interior design startup Flipspaces raises $2M in pre-Series B round

Interior design tech startup, Flipspaces on Tuesday announced that it has raised $2 million in a pre-Series B round from a consortium led by Prashasta Seth, Ex-CEO, IIFL AMC. The round saw participation from family groups and HNIs. Flipspaces is also backed by Carpediem Capital, a growth-stage PE fund for mid-sized ventures. According to the company statement, Flipspaces plans to utilise the funds to drive the growth of the US vertical, which has seen 25X growth in a year, and expand its newly launched SaaS vertical.

Subscription management startup Fleek raises $1M in seed round led by Axilor

Bengaluru-based Fleek, a subscription management platform, has raised a seed funding of $1 million led by Axilor. The round also saw participation from RTP Global Ventures, Titan Capital, and 9Unicorns Accelerator. Angel investor Ramakant Sharma and his syndicate also participated in this round. Founded by Aditya Uttaravalli and Arvind Eashwar, Fleek is a subscription tracking and management platform that aims to streamline the industry by giving the user sole control of all subscription services with ease and simplicity. 

Unacademy inducts Karan Shroff as the new co-founder

Edtech unicorn Unacademy has announced the elevation of its Chief Marketing Officer Karan Shroff as a co-founder of the company. This development was announced by Unacademy Founder and CEO Gaurav Munjal on the microblogging site Twitter. According to the post, Gaurav says Unacademy had introduced the concept of Partner. “To put it simply, Partner is a leader who emulates all the characteristics of a co-founder, and in that essence, a partner is a co-founder today,” he said.