We round up the most important and recent funding, acquisition, mergers announcements every week for you. FundGram is a short-quick dose of notable investments in the startup ecosystem. This week’s FundGram includes CBA Capital’s first fund, Amazon-Patni venture’s $18.84 million funding, 500 Startups investment in Moneytor, US-based firm’s investment in SalesPro and LendingKart $4.7M debt financing
CBA Capital to invest over $15.6 million in early-stage education market
CBA Capital, backed by Michael and Susan Dell foundation, an education based venture capital fund has closed $15.6 million in its first round. The fund further stated that the capital will be used to boost early stage education and skilling market in India.
As a part of the first closed round, the company has announced to make investments in pre-series A, series A, B and C equity rounds. Also, the VC firm has announced over $2.3 million in early stage edtech startups, Simulanis, Kopykitab and Buddy4Study.
JV Appario, Amazon-Patni venture, raises $18.84 million
JV Appario — a joint venture between Amazon India Ltd and Ashok Patni — has raised over $18.84 million from parent Frontizo Business Services Pvt Ltd. The sum was raised in the first week of January and involved shares worth $120 million at a rate of $0.15 per share.
Appario Retail is owned by Frontizo Business, formerly known as Aristotle Sales and Marketing, it acts as a reseller, distributor and a stockist of plethora of goods and services. Also, it provides a technology platform for commerce transactions.
Moneytor raises funds from 500 startups and others
Moneytor, Mumbai-based stressed receivables management firm, has raised an undisclosed amount of funds from 500 Startups, accelerator ISME ACE. The round also saw participation from a few angel investors.
Moneytor is a SaaS-based platform that helps financial institutions manage collections in a better way. The company is looking to looking to digitise and automate all the debt collection processes.
Silicon Valley based VC 3737 North Capital invests in local startup SalesPro
SalesPro, based out of Bengaluru, has raised an undisclosed amount of funds from Silicon Valley based VC firm 3737 North Capital.
Founded in 2012 by Abhinav Sharma and Kejal Haria, SalesPro comes with deep and diverse experience in all aspects of demand generation. SalesPro’s expertise lies in awareness generation, identification of patterns in prospecting, comprehending the buying psychology, and creating a data-driven approach that prepares the sales teams in closing the deals effectively and efficiently.
LendingKart Finance raises $4.7 million from Dutch Development Bank FMO
The NBFC arm of LendingKart, LendingKart Finance, has raised $4.7M in non-convertible debentures from Netherland Development Finance Company.
The latest round comes in less than two weeks after the company had raised a debt from the State Bank of India, taking its total debt to ~$59 million mostly from NBFCs like Aditya Birla Financial Services, IFMR Capital and Mannapuram Finance.