SocialMedia

Indian TikTok Alternative Chingari Bags Seed Round From AngelList
Chingari was launched in 2018 under the incubation of IT consulting company Globussoft. The short video app has recorded more than 23 Mn downloads since the Chinese app ban on June 29. Chingari rival Mitron raised seed funding round led by 3One4 Capital
 

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Tech

Solar solution startup Fourth Partner Energy raises $15M in third round from responsAbility
responsAbility's 'Access to Clean Power Fund' is a private debt fund that seeks to address the lack of access to clean power globally, with a strong focus on sub-Saharan Africa, South, and Southeast Asia.
 

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EdTech

Vernacular Edtech Startup Entri Raises $3.1 Mn To Capitalise On Growth Spike
Investors include Good Capital, HyperTrack’s Kashyap Deorah and BigBasket’s Hari TN
The funds have been invested in two tranches of $1.7 Mn and $1.4 Mn. Entri claims to have seen 100% spike in its user base and 150% growth in revenue since the lockdown
 

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Ecommerce

IndiaMART Carves Out INR 74.6 Cr Profits In Q1 Despite Pandemic Crippling Cash Flow
Previously IndiaMART CEO Dinesh Agarwal had predicted a loss of 20% of its customer base. IndiaMART’s shares surged 12% in morning trade after the company reported its financial performance. IndiaMART’s revenue from operations declined by 10% from INR 170 Cr in Q4 FY20
 

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Tech
Elara Technologies Pours In INR 20 Cr In Housing, PropTiger

Elara had raised $70 Mn in January 2020. The company had said that it will be utilising the funds to accelerate growth for its real estate plays. The fresh funds are expected to help the companies expand co-living and paying guest business
 

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Funding

Investors Pour In Fresh Capital In Bewakoof, Melorra, Stones2Milestones & Disprz
Pramak Consultants, Pratithi Investment Trust and Indigoedge Management Consultancy have invested INR 3 Cr in Bewakoof. Lightbox and Beeline Impex have invested through venture debt in jewellery brand Melorra. Edtech startup Stones2milestones gets 25 angel investors onboard for funding
 

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