24/08/2022
Summary
- Singapore-based M Venture Partners has invested $2.2 million in Liquide Solutions.
- Skincare brand Deconstruct has raised $2 million in a seed round led by Kalaari Capital.
- BrightCHAMPS has bought Schola, a Singapore-headquartered live learning platform for children in a $15 million cash and stock deal.
Liquide gets $2.2M in pre-seed funding
Singapore-based early-stage investor M Venture Partners has invested $2.2 million in Liquide Solutions Pvt. Ltd.
This was a pre-seed round of funding in which investors like Kunal Shah of Cred; BharatPe’s Shashvat Nakrani and Suhail Sameer; Ruchi Kalra, Ashish Mohapatra, and other members of the Founders Fund by OfBusiness, etc. also took part.
The Bengaluru-based firm, which was established in 2021 by Anuj Bajpai, Paritosh Gunjan, Aniket Shirke, and Kunal Ambasta, offers consumers access to actionable data including automated buy/sell alerts and smart nudges based on their portfolio and market trends.
Deconstruct raises $2M in seed round led by Kalaari Capital
Skincare brand Deconstruct which is operated by Baypure Lifestyle Pvt. Ltd has raised $2 million in a seed round led by Kalaari Capital.
Another VC firm Beenext and Flipkart co-founder Binny Bansal also participated in the round.
In the following 12 to 18 months, the company plans to increase its product line from 15 to 50 items by investing the money in R&D, growth, hiring, and marketing campaigns.
Bangalore-based new skincare line Deconstruct is supported by science and features innovative formulations for an application that is focused on results.
BrightCHAMPS buys Singapore-based Schola
BrightCHAMPS has bought Schola, a Singapore-headquartered live learning platform for children in a $15 million cash and stock deal.
“The ability to communicate confidently, coherently, and creatively is a crucial life skill for kids and a prerequisite for success as an adult. Given Schola’s profitability and sustainable growth approach with low cash burn, we already know that there is great synergy between the two companies operating models,” Ravi Bhushan, founder, and CEO, of BrightCHAMPS, said.
Aditya Gupta and Nhu Tran Le Thanh, two former senior Facebook executives, created Schola in 2019. The company says it offers a range of courses in a live, one-on-one class format for children aged 4-15 years to develop critical skills for tomorrow’s prosperous global careers.
Brightchamps claims to operate in over 30 countries, including the US, Canada, the UAE, Saudi Arabia, Indonesia, Malaysia, Thailand, and Nigeria. Bhushan launched the company in 2020. The Brightchamps platform teaches coding, money management, and robotics to kids between the ages of 6-16 years.
Servify gets $65M led by Singularity Growth Opportunity Fund
The lifecycle management startup Servify said on Wednesday that it has raised US$65 million in a round that was led by Singularity Growth Opportunity Fund, according to a report in PTI citing the company’s founder Sreevathsa Prabhakar.
Because it intends to go public through an Initial Public Offering (IPO) in the next 18 to 24 months, it deliberately collected money from domestic investors in this round, Prabhakar told PTI.
Loopworm receives $3.4M in seed funding
Omnivore and WaterBridge Ventures led a $3.4 million seed round of funding for the agri-tech firm Loopworm. Titan Capital and angel investors Nadir Godrej, Sanjay Rangrass, and Akshay Singhal also participated in the round.
Loopworm will use the money for hiring staff, research and development, and even the construction of laboratories. According to a press statement from Loopworm, it will soon open its first facility in North Bengaluru to scale up manufacturing.
Dandera Ventures to roll out first commercial EV next month
Dandera Ventures, a startup in sustainable mobility, plans to introduce its first commercial electric vehicle (EV) to the Indian market in September 2022. The business claimed to have finished the EV’s road tests and is currently building up charging stations and finalizing service locations in preparation for the launch.
According to Dandera, last-mile delivery services and independent delivery operators would be the EV’s primary market. According to the startup, the EV will have performance and capacity benchmarks that are at the top of their field and will be reasonably priced.
RevSure gets $3.5M in funding led by Innovation Endeavors
Startup RevSure AI, which uses artificial intelligence (AI) to prepare sales pipelines, said that it has raised $3.5 million in funding from Innovation Endeavors and angel investors Sharath Keshava Narayana, Rick Scanlon, and Katrin Ribant.
To integrate marketing and sales funnels and assist B2B software-as-a-service (SaaS) organizations in improving their pipeline preparation, RevSure claims to be developing a first-of-its-kind sales pipeline readiness solution.
Dezerv appoints Sripad Panyam as head of product
Dezerv, a wealth-tech firm, announced the appointment of Sripad Panyam as head of product.
The platform’s overall product development and user interface will fall under Panyam’s purview. He has built award-winning products in his previous endeavors and has more than ten years of experience in product management. At companies like Urban Company, he has held the position of head of products in the past.