Geekster Raises Pre-Series A Round of LPI, MyNavi Corporation
Gurugram-based technology development platformraised $1.3 million in a pre-Series A round led by Inflection Point Ventures. The round also saw participation from Japanese company MyNavi Corporation and returning investors We Founder Circle and Ah Ventures.
The startup will use the funds to expand the team and offerings, including adding new programs and to create learning and hiring platforms.
Founded in 2020 by Ankit Maggu and Sahil Miglani, Geekster provides online in-demand skills training for tech jobs and soft skills. Students don’t have to pay until they find a job. More than 300 companies across multinationals, product companies, and startups hire Geekster, the company claims.
Trainman closes funding round for Goodwater Capital and others
Online ticketing platform based on Gurugramraised $1 million in a funding round from Goodwater Capital, Hem Angels and angel investors including Justin Hamilton and Ivy Growth Associates.
The company will use the funds to optimize its platform for seamless train travel by investing in technology and products. It will also leverage predictive and data analytics in the future. The company will also add airfare as a category.
Founded in 2016 by IIT Roorkee graduates Vineet Chirania and Karan Kumar, Trainman offers a one-stop solution to book train tickets, check PNR status and predict confirmation status before booking.
Fintech company Backspace Tech raises pre-seed round
Chennai-based software-as-a-service (SaaS) startup Backspace Tech has raised $450,000 in a pre-seed round from strategic investors including Mohan K and Jai Kumar (founders of Ippopay), Omar Bin (founder of Foloosi based in the UAE), in addition to the founders of M2P and other angel investors.
The startup will use the capital to strengthen its tech stack, expand the team, and fund its go-to-market strategy.
Founded in 2020 by Praveen Krishna Dev, Vishwanath Vijayan and Karthick Sivaram V, Backspace Tech offers a SaaS platform for financial institutions to resolve disputes and chargebacks on UPI and card payments. The product targets both issuing and acquiring banks with its chargeback and dispute product.
Edtech xQ platform raises funds from Gujarat-based angel syndicate
Mumbai-based edtech platform for video creation xQ has raised $1.4m from a Gujarat-based syndicate of angels and a group of HNIs, including top executives from Google, Deloitte, Tata 1MG, Axis Capital and photographer Joseph Radhik.
Founded in 2021 by IIM alumni Simon Jacob and Kartik Talwar, xQ works in collaboration with professional filmmakers, educators and advertising professionals to teach videomaking as a skill to school children.
xQ offers its flagship product xQ Video Lab in schools like science labs. It provides access to a video creation program, state-of-the-art shooting equipment, and an online learning platform so students can continue learning and practicing at home.
Fundflo raises a funding round with Ashish Kacholia of Lucky Investments
Pune-based SaaS platform for fintech Fundflo Technologies has raised undisclosed seed funding from Lucky Investments’ Ashish Kacholia.
Founded in May 2021 by Rattan Chugh and Rajesh Patil, Fundflo Technologies provides SaaS solutions for the CFO office of manufacturing and trading companies, by digitizing the working capital cycle. The services address manual and error-prone “order-to-cash” processes, poor cash flow predictability, and lack of access to credit for distributors and suppliers.
The platform claims to serve nearly 6,000 distributors and has collected Rs 860 crore in receivables since its inception.
Infrastructure automation startup Adaptive launches pre-seed cycle
DevOps and infrastructure automation startup Adaptive have raised undisclosed pre-seed funds from Antler India, Pareto Holdings, Adept Ventures, Hustle Fund and Haresh Chawla.
Founded in 2021 by serial entrepreneur Ronak Massand and DevOps engineer Debarshi Basak, the Adaptive Platform offers an intelligent bot framework for software vendors to enable shipping solutions in a fraction of the time it is today.
The platform enables a software company’s technology stakeholders, such as engineering managers, DevOps engineers, and site reliability engineers, to create ready-to-use models and functions.
Seekho restarts pre-Series A round
Gurugram-based career accelerator Seekho.ai has raised $3 million in a pre-Series A funding round from family office of JM Financial Group, LetsVenture, Trica, Super Morpheus, Yuj Ventures and Sequoia Capital India’s Surge. Angel investors Varsha Rao and Amit Ranjan also participated in the round.
Founded in April 2021 by Divya Jain and Arihant Jain, Seekho offers learning through its live classes taught by industry experts and exclusive mentorship. Students can subscribe to Seekho’s offerings and become part of its Seekho Talentboard, which connects relevant job seekers with employers.
It claims to have worked with over five lakh young professionals and students from over 200 colleges and universities since its inception.
Burger Singh raises $3.7 million in Series A
QSR brandraised $3.7 million in a Series A funding round led by Negen Capital. Other investors in the round include Lets Venture, Mumbai Angels, Old World Hospitality and singer and songwriter Jasleen Royal. The funding round valued the startup at $25 million.
Returning investors RB Investments, Rukam Capital, KCT Family Office and VM Salgaocar family office also participated in the round.
The company will use the capital for food court expansion and set up 120 food court outlets in FY23. It has 80 stores and aims to bring the total number of stores to 200 by FY23.
Founded in 2014 in Gurugram by Kabir Jeet Singh, Burger Singh has 12 franchises under development across the country in addition to its own stores.