Our weekly column summarizes the tech financing highlights in India this week.
Edtech leads in this week’s Indian tech market. Online personalized e-learning startup Toppr raised the largest amount of investment with USD 6.92 million, followed by online lending platform ZipLoan, which secured USD 3 million. An additional fintech startup, CashFree, landed USD 120,000 in a seed funding round. Other player like IoT cold chain solution provider TagBox also raised funding this week.
Edtech startup Toppr raises USD 6.92 M for Series B
Founders: Zishaan Hayath, Hemanth Goteti
Founded in: 2013
Financing status: USD 6.92 million for Series B round in 2017
Personalized e-learning startup Toppr on Tuesday raised USD 6.92 million for Series B to make marketing expansion as well as accelerate user acquisition.
Online lending platform ZipLoan raises USD 3 M for undisclosed round
Founderz: Kshitij Puri, Shalabh Singhal.
Founded in: 2015
Financing status: USD 3 million for undisclosed round in 2017
Online lending platform ZipLoan on Wednesday raised USD 3 M to team recruitment, market expansion and technology enhancement.
Payment platform Cashfree raises USD 120K for Seed round
Founders: Akash Sinha, Reeju Datta
Founded in: 2015
Financing status: USD 120K for seed round in 2017
Payment platform Cashfree on Monday raised USD 120,000 for seed round for product development, recruitment, strengthening bank partnerships, and pursuing marketing expansion.
Cold chain IoT startup TagBox raises angel funding
Founders: Adarsh Kumar, Saumitra Singh and Sameer Singh
Founded in: 2016
Financing status: Undisclosed amount for angel round in 2017
Cold chain IoT startup TagBox on Tuesday raised angel funding for product development, filing patents and global certifications.
(Top photo from 699pic.com)