Page 5 - Leverage Edu News Today

With eyes on the personal loan business, can Flipkart take on the likes of Navi, CRED, Paytm, Money View and others?

This weeks ETtech newsbreak on PharmEasy going for a rights issue at a price 90% lower than its peak valuation of $5.6 billion to repay debt has tripped alarm bells in several startups that have taken debt financing.

This week, Indian startups have managed to raise $155 Mn across 15 deals, a 138% jump from $65 Mn raised last week across 42 deals

The funding landscape for Indian startups remained dry with new-age companies managing to raise only $304 million across 19 rounds this week.

Bengaluru-based generative AI powered elearning startup ZuAI has bagged INR 4 Cr in a seed funding round led by Prime Venture Partners.

Global warming. Funding winter. El nino. The weather is truly inclement all around. But thats no reason for venture capitalists, who have raised record moolah over the past year, to cling to their capital instead of putting it to work, causing a drop in investments in the first half of 2023. This and more in todays ETtech Morning Dispatch.

This is a 25% bump in its previous valuation back in March 2022, when Leverage Edu raised $22 million from a consortium of funds, family offices and individual angels.

Noida-based study abroad platform Leverage Edu has secured $40 Mn in its Series C funding round led by the language testing conglomerate ETS.

With this funding round, the startup's valuation has reached around $150 million—a growth of 25% from its Series B round last year.

Leverage Edu, an overseas-focused higher education counselling platform run by Leverage EdTech Pvt Ltd, has secured Series C funding of $40 million (around Rs 320 ......