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The funding plummeted by 73% in the week from Nov 20 to 25, compared to the same period last year, when startups secured $224 million across 39 rounds. However, compared to last week, funding activity saw an uptick of 52%.
The new capital will be used to double down on the companys growth, expand its customer base, onboard more banking partners, and strengthen its product suite, Goteti said.
India's federal financial probe agency Enforcement Directorate (ED) has found that troubled edtech firm Byju's has allegedly violated provisions of the Foreign Exchange Management Act (FEMA) to the tune of Rs 9,000 crore. This and more in todays ETtech Top 5.
Ankit Nagori said that it is on the back of membership and subscription programmes, Eatfit has a 70% customer retention rate
Artificial intelligence (AI)-based edtech startup Shaktimaan.ai raises $2 million (Rs 16.5 crore) in a seed funding round from startup accelerator YCombinator, Fundersclub, GoodWater Capital along ......