Bengaluru-based education technology startup 90+ My Tuition App has raised $ 5 million in a Series A funding round led by Dubai-based Pearl Investment.
The company said that it will utilise the funds for market expansion, brand building and product development across key cities in India.
90+ My Tuition App, founded in March 2020 by Vingish Vijay and Azmal Jaleel, looks to tap into the online primary and secondary education market, which is currently estimated to be worth $773 million, according to a report by market research firm KPMG.
The startup provides solutions to students between 5th and 12th standard of state education boards and has till date helped over 4.5 lakh students through the application, with an average course completion rate of 86%.
TagZ raises $538K in pre series A round
Bengaluru-based snacking company TagZ foods has raised $538K in a pre-series A funding round led by Agility ventures and Dexter Angels.
The company said that the fresh round of capital will be utilised for launching new product offerings, expanding distribution and its production capacity.
Some of the other investors in the round were Arjun Vaidya, Dharamveer Chouhan, Parth Choudhary, Mohanlal Menon and Dhruv Toshniwal.
TagZ was founded in 2019 by Anish Basu Roy and Sagar Bhalotia.
The company provides savory snacks. Its previous funding round was in October 2020, when it raised Rs 1.5 crore in a seed funding round. It will utilise the funds to expand its operations to newer geographies.
Text-based voice over startup Murf.ai raises $1.5 million in seed funding round
Bengaluru-based AI voiceover platform solution provider Murf.ai has raised $1.5 million in a seed funding round led by Elevation Capital.
Other investors who were part of the round included Meesho’s CEO Vidit Aatrey, Sanjeev Barnwal, CTO of Meesho, CEO of HyperTrack Kashyap Deorahe, and Ashish Goel, the CEO of Urban Ladder.
Murf.ai said that the funding will be used for hiring AI research talent for R&D and product innovation, along with building a better voice synthesis technology.
The company also plans expansion across EMEA and Amercias.
The startup was founded in Octover 2020 by Sneha Roy, Ankur Edkie and Divyanshu Pandey.
Murf.ai works as an AI-enabled SaaS tool that allows users to generate human voiceovers for videos and slideshows.
The company said that it has helped create over 40,000 voice overs in 15 languages since inception.
Fixcraft, raises $ 1 million in pre-Series A funding round
Gurgaon, Haryana-based car repair management startup Fixcraft has raised $1million in a pre-Series A funding round led by Ubiquity Capital.
The funding round also saw participations from Amit Lakhotia (CEO, park plus), Shashvat Nakrani (co-founder, BharatPe), Rohit Kapoor (CEO, Oyo India and SEA), Ashish Goel (founder CEO, UrbanLadder), Anshoo Sharma (co-founder, MagicPin) and others.
Fixcraft, founded in 2018 Vivek Sharma, Abhishek Goyal and Inderjeet Rao has now taken its total raised amount to $1.5 million.
Its previous round was in 2020 led by Angel List Syndicate and Co-founder of Droom Rishab Malik. The company will utilise the funds to expand operations into newer locations.
The virtual platform said that it witnessed a 400% year-on-year growth in 2020 owing to the pandemic.
The company has provided its services to 3,500 customers and plans to double the number by the end of the next fiscal.
Wasabi raises $1.8mn in seed funding round
Bengaluru-based communications platform provider Wasabi, registered as Truegrit Technolgoeis private limited, has raised $1.8 million in a seed round led by Ankur Capital.
The round also saw participations from 021 Capital, Sparrow Capital and angel investors such as Ola’s Ankit Bhati, Lalit Keshre from Groww, Revant Bhate from Mosaic Wellness and Ashish Goel from Urban Ladder, among others.
The funds raised will be utilised to expand the engineering team, and better their product offerings.
Wasabi, founded in January 2021 by Pradeep Dodle and Nikhil Goenka, is building an application for small and medium businesses in India to manage customer relationships.