Edtech startup Sunstone, which focuses on higher education, announced it has raised USD 35 million, about Rs 280 crore, in a funding round led by WestBridge Capital, according to PTI report. The funding round also saw participation from Alteria Capital. Founded by Ashish Munjal and Piyush Nangru in 2019, Sunstone had raised USD 28 million in…
Upekkha, a US-based Value SaaS Accelerator and an AngelList-style early-stage investment firm, announced it has raised $9 million from WestBridge Capital towards its rolling fund that will look to invest in around 50-60 startups in the current financial year, according to ETtech report. This is the first of its kind alternative investment fund (AIF) in…
IndiaMART, a B2B marketplace, has announced its participation in the Series B Investment Round of Simply Vyapar Apps Private Limited (Vyapar), of Rs 217.6 Crores. The round has been led by WestBridge Capital, along with the participation of existing investor India Quotient. Vyapar’s valuation post this round shall stand at approximately Rs 883 Crores. As…
SupportLogic, creator of the proactive support experience (SX) platform, has announced that it has closed a $50 million series B funding round, led by WestBridge Capital Partners and General Catalyst. Existing investors Sierra Ventures and Emergent Ventures also participated in this new funding round. The funding will support and accelerate SupportLogic’s growth and ongoing platform…
Voice AI company, Skit has secured USD 23 million as part of its Series B funding, to fuel growth and product evolution. The investment was led by WestBridge Capital with participation from Kalaari Capital and Exfinity Ventures, Angelist syndicate led by Aaryaman Vir Shah from Prophetic Ventures and Letsventure syndicate led by Sense AI. The…
Lead School, an ed-tech startup in India’s K-12 education segment, has received $30 million in GSV Ventures led Series D funding round. The round also saw participation from existing investor – Westbridge Capital, an investment firm. Co-founder – Sumeet Mehta said, “We are impatient to reach out to the 1.5 million schools and 260 million schoolgoing…
Lead School, an education technology company based in Mumbai, announced that it has raised $28 million in Series C funding led by WestBridge Capital. Existing investor Elevar Equity also participated in the round. The startup will use the funds to fuel expansion. It has plans to grow its sales channel and sign up new customers.…
Vedantu, a Bengaluru-based LIVE online learning platform that enables personalized learning, announced that it has raised $100 million Series D funding led by US-based Coatue Management. Existing investors Tiger Global, GGV Capital, Omidyar and Westbridge Capital also participated in the funding round. The latest capital raising values the online live tutoring startup at $600 million,…
Nazara Technologies, a Mumbai-based gaming and sports media company, announced that it has made an additional investment in fantasy sports startup Halaplay through an equity swap of stocks from Kae Capital worth Rs 14.6 crores, according to an ETtech report. Post investment, Nazara becomes a majority stakeholder in Bengaluru-based Halaplay Technologies. Nazara has invested in…
Innovaccer, a Healthtech startup, announced it has raised $70 million in a Series C funding round from Steadview Capital, Tiger Global, Dragoneer, Westbridge Capital, Mubadala, and M12. Till now, the company has managed to raise a total capital of $120 million. The company will utilise the funds to improve existing processes that digitise healthcare for…