This week has been slow in terms of funding rounds. Startups which raised capital in the last five days include Springboard, inFeedo and Bolo Indya.
Edtech platform Springboard raised $31 million in its Series B funding round led by Telstra Ventures and other new investors like Vulcan Capital and SJF Ventures, as the company plans to double down on student employability in response to the current job market in India and across the globe. With this investment, the startup, founded by Gautam Tambay and Parul Gupta in 2013, has so far raised more than $50 million. Read more.
inFeedo, a SaaS-based people analytics startup, has raised $700,000 financing from Y Combinator, the famed Silicon Valley-based incubator. Angel investors like Innov8 founder Ritesh Malik, Lenskart co-founder Peyush Bansal, former Facebook director Anand Chandrashekharan, Cisco’s Vinod Muthukrishnan, Inventus Law founder Anil Advani, and Kwench founder Sunder Nookala also participated in the funding round along with 100x Entrepreneur Fund that led an oversubscribed syndicate via LetsVenture. Read more.
Short-video app Bolo Indya has raised $300,000 investment from Eagle10 Ventures, India Accelerator Group and other high net worth individuals. This has taken the total capital raised by the company to over $500,000. The new funds will be used to enhance personalisation and recommendation engine, develop language evangelists and strengthen the team. After India banned Chinese short-video platform TikTok in June, Indian rivals including Bolo Indya, Roposo, Moj, Mitron and Chingari have seen a pick-up in downloads. Read more.