[Funding alert] Ronnie Screwvala invests $5M in 21K School in its pre-Series A round

The first online-just school in Quite a while – ?21K School? – has as of late brought $5 million up in pre-Series A round from Ronnie Screwvala, Co-Founder and Chairman, upGrad. Established in 2020 by Santosh Kumar, Yeshwanth Raj Parasmal, Dinesh Kumar and Joshi Kumar, 21K School plans to make a 100% web-based school offering kids matured 3 to 18 years a decision of three educational programs – Indian, American and British. The organization plans to send the assets raised to increase its effort to understudies in India and abroad, and fortify its learning stage for information driven guidance across all educational programs.

[Funding alert] Edtech platform Adda247 raises $20M in Series B led by WestBridge Capital

Adda247?, a Gurugram-based multilingual edtech stage giving web-based courses in nine dialects, has raised Series B financing of roughly $20 million drove by WestBridge Capital. The round likewise saw support from existing financial backers, including Info Edge, Asha Impact and JM Financials. Established by Anil Nagar and Saurabh Bansal in 2010, Adda247 offers items like live-video classes, on-request video courses, mock tests, and books focussed on government assessments. With 15 million month to month dynamic clients, the stage will utilize the furthest down the line assets to upgrade the innovation and item and direct senior-level recruiting. The edtech organization is additionally anticipating the securing of a couple of organizations with reciprocal contributions.

[Funding alert] Simpl raises $40 M in Series B; will use funds to scale and hire, says founder

Purchase currently pay-later (BNPL) fintech startup ?Simpl? has brought $40 million up in a Series B financing round drove by Valar Ventures and IA Ventures, just as existing investors. The startup hopes to utilize assets from the most recent round to employ ability including engineers, just as fuel the dispatch of its new items and highlights, originator Nitya Sharma told YourStory. The new items and elements incorporate an extortion location stage for vendors, and a devotion program that dealers can reach out to their normal clients, Nitya said. He added that Simpl is additionally dispatching an item called "Pay-in-3" for recent college grads that will permit them to divide their bills north of three equivalent installments each month. Part of the subsidizing will likewise be utilized to grow its business and locally available new traders to its framework, the startup originator added.

[Funding alert] Fintech startup PayGlocal raises $4.9M from Sequoia Capital India

Installment arrangements startup PayGlocal on Thursday said it has brought $4.9 million up in a Series A subsidizing round drove by Sequoia Capital, alongside financial backers like BeeNext, Jitendra Gupta, and Amrish Rau. The startup said it will utilize the assets to scale its cross line dealer installments arrangement and extend the group. Established in 2021 by ex-Visa leaders Prachi Dharani, Rohit Sukhija, and Yogesh Lokhande, PayGlocal empowers dealers to acknowledge and gather installments from clients living external India in their preferred money and utilizing their own credit and charge cards.

[Funding alert] Curefit raises $145M from Zomato, others

Wellness stage Curefit Healthcare Pvt Ltd which possesses and works wellness stage Cult.fit has raised $145 million driven by food innovation ?Zomato?and a gathering of financial backers and people, as indicated by filings made with the Ministry of Corporate Affairs. With the exchange, Zomato has additionally stripped games offices stage Fitso to ?Cure.fit?, as indicated by filings made by Zomato with the business sectors controller. During its new quarterly income, Zomato said that it will offer Fitso to Curefit for $50 million, aside from putting an extra $50 million in the organization. Zomato had said that it will send $1 billion across different Indian new companies throughout the following two years. Zomato drove the round in Curefit with a speculation of almost $100 million, gaining a 6.38 percent stake in the organization. Different financial backers which partook in the round incorporate San Francisco settled South Park Commons Opportunities Fund II, Temasek, and Accel.

[Funding alert] Why 16-year-old AuthBridge has piqued the interest of investors

Ajay Trehan dispatched personality verification organization ?AuthBridge? after he ran over foundation screening organizations on his one of his excursions to the US. In its initial days, AuthBridge used to do historical verifications for different organizations physically, which included going through criminal records, submitting demands at police headquarters and so on Established in 2005, AuthBridge offers administrations like character check, business foundation screening, client screening, and accomplice due industriousness, among a few others. It has three primary business lines: 1. Labor force Solutions: The greatest income generator for the business, the upward assists managers with doing fast individual verifications on imminent new workers very quickly versus what commonly would require days.