Ed-Tech startup Skill-Lync raises $17.5 Million in series A led by Iron Pillar

SkillLync, an engineering focused edtech business, has raised $17.5 million in Series A funding from Iron Pillar, a venture growth investor focused on global tech companies founded in India. Y Combinator and Better Capital also took part in the round. New investors include Binny Bansal (Co-founder of Flipkart), Sai Krishnamurthy (ex-Flipkart; Co-founder of Xto10X), and Rashmi Kwatra (Founder of Sixteenth Street Capital). This is the largest Series A round ever raised by an educational technology company

Indian Crpto Startup Polygon buys Hermez for $250Mn, Firms to merge tokens

Polygon, an Ethereum scaling project, has announced a $250 million merger with Hermez, a zero-knowledge (ZK) cryptography-based scaling project, in the first-ever crypto token merger. Verifying data such as transactions, personal information, or identification using zero-knowledge technology is possible without turning over control of the information. Polygon Hermez will be the new name for the Indian cryptocurrency firm. Additionally, the Hermez project's technology, live solutions, 26-person team, and HEZ coin will all be merged into the Polygon ecosystem

Vedantu to turn Unicorn With $100M Funding

An Asian private value reserve is relied upon to contribute $40 million. The arrangement will make Vedantu India's fifth online instruction unicorn. It last raised $100 million, driven by Coatue Management in July 2020, esteeming it at $600 million. Internet learning firm Vedantu is in cutting edge converses with raise $100 million, esteeming it at a billion dollars, post-cash, as it is immovably continuing with a gathering pledges, rather than a reputed securing by Byju's, sources said.

[Funding alert] Fintech startup Karbon Card raises capital from Y Combinator

Fintech startup ?KarbonCard? has brought an undisclosed sum up in development capital from gas pedal Y Combinator, the startup said in an official statement on Monday. It intends to go through the assets to step its item improvement, employing plans, and activities, the Bengaluru-settled organization added. Up until this point, the startup has raised $3.5 million from financial backers, including Orio Venture Partner and US-based 2AM VC. It is currently raising more financing throughout the following not many months.

[Funding alert] D2C sports brand Elevar raises Rs 19 Cr in Series A from Kalaari Capital and Dream Capital

Mumbai-based D2C sports brand Elevar has brought Rs 19 crore up in a Series A series of financing, driven by Kalaari Capital, with cooperation from Dream Capital (DreamCap), the corporate funding and M&A arm of Dream Sports. Elevar will use the assets towards growing its item portfolio, expanding its advertising endeavors, and building its group. Kunal Joshi, Co-Founder, Elevar, said, "We are excited to have Kalaari Capital and Dream Capital collaborate with us. This gives us the stage to take our item portfolio to a higher level, empowering us to construct a millennial-first games brand that tends to our client's presentation prerequisites just as their cutting edge plan sensibilities."

[Funding alert] AI startup Peak secures $75M in Series C round led by SoftBank Vision Fund 2

UK-based man-made consciousness (AI) startup Peak has brought $75 million up in Series C round drove by SoftBank Vision Fund 2, with support from existing financial backers, including MMC Ventures, Oxx, Praetura Ventures, Arete, and Octopus Ventures. This brings Peak's absolute financing raised till date to $119 million. Pinnacle assists organizations with settling on better choices with the assistance of AI across their business, showcasing, request the executives, and supply chains, paying little heed to their AI development and capacity. Pinnacle's product stage empowers organizations to implant AI into the center of their dynamic and tasks.

[Funding alert] AppsForBharat raises $10M in Series A round led by Elevation Capital

Bengaluru-based AppsForBharat, an item studio zeroed in on building applications for profound and reverential requirements of Indian clients, has brought $10 million up in a Series A round drove by Elevation Capital with cooperation from existing financial backers ?Sequoia Capital India?, ?BEENEXT? and Matrix Partners India. The round likewise highlighted driving holy messengers like Scott Schleifer (Partner, Tiger Global); Saurabh Gupta (Managing Partner, DST Global); Ankush Sachdeva, Farid Ahsan, and Bhanu Pratap Singh (Co-authors, ShareChat); Utsav Somani (Partner, iSeed); Anshumani Ruddra (Group PM, Google); Vidit Aatrey and Sanjeev Barnwal (Co-originators, Meesho); and Kunal Shah (Founder, CRED), Sai Srinivas, Co-organizer and CEO, MPL. As indicated by the authority proclamation, the organization will utilize the subsidizing for making content IPs, assembling the item, and recruiting ability across the item, information, and designing verticals.