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In Brief
Monday, 10 May 2021 22:42 Private equity / VC
“Captain Fresh, a business-to-business (B2B) marketplace for seafood, has raised $3 million in a seed funding round co-led by Matrix Partners India and Ankur Capital. Incubate Fund and angel investors, including Jupiter Money’s Jitendra Gupta and Pine Labs’ Amrish Rau, also participated in the round.”, as per the reports by The Economic Times.
Global edtech upGrad in major funding announcement
Funding to provide boost to UK s international student population
LONDON, April 29, 2021 /PRNewswire/ South Asia s largest online higher education company, upGrad, today announced that it has raised USD 120 million from Temasek, a global investment company headquartered in Singapore.
upGrad plans to use a portion of the fresh capital to support UK institutions whose international student population has suffered as a result of the pandemic. The edtech platform plans to help more universities accessible to the world by taking services online.
The cost-effective proposition offers university partners with a new revenue stream at no extra cost, with only limited faculty time required in the first year.
Rajaram Legal in the city as its third partner there.
The 2008 NLSIU Bangalore graduate specialises in M&A and private equity and is joined by colleague Poonam Sharma as a senior associate.
Srivastava primarily advises investors as well as on structuring their investments.
Sharma has worked on acquisitions, control acquisitions, fund raises, cross border buyouts, complex private equity exits, portfolio buyouts, secondary share purchases and joint ventures, according to a statement form Rajaram.
When asked about where most of the firm’s revenue was coming from these days, Mumbai-based managing partner Archana Rajaram said: “VC and PE and increasingly M&A. The last few quarters have primarily been late stage funding upwards of 100mn.”
Edtech major upGrad raises $120 million from Temasek bestmediainfo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bestmediainfo.com Daily Mail and Mail on Sunday newspapers.
upGrad on Monday said it has raised USD 120 million (about Rs 897.3 crore) from Singapore-based Temasek, making this the first external fund-raise by the edtech major. Since its inception in 2015, upGrad has been 100 per cent owned, funded, and run by its co-founders as a capital-efficient business. upGrad plans to use the fresh capital to further strengthen its team, scale its global market operations and bolster its technology and product capabilities, a statement said. The company will also pursue merger and acquisition (M&A) opportunities, expand graduate and post-graduate degree portfolio in India, and scale up operations to achieve its USD 2 billion revenue goal by 2026, it added.