Mumbai Angels Investing Up To Rs 5Cr In Bangalore-based Start-up eDreams Edusoft « Biz Tech. Mumbai Angels will invest up to Rs 5 crore ($1 million) in two year old disruptive technology product startup focused on the education industry eDreams Edusoft.
The company’s products are driven by innovations across technologies such as artificial intelligence, machine learning, NLP and speech processing. Bangalore-based eDreams was founded by Rajeev Pathak who also serves at its CEO. E-learning Start-up Carveniche Secures Funding From Mumbai Angels « Startups. Bangalore-based education technology start-up Carveniche has secured an angel funding of around Rs 1 crore ($0.2 million) from Mumbai Angels.
Founded in 2010 by former Infosys engineers Avneet Makkar and Saraswathy A, Carveniche is an education technology venture which provides content-based products and services to schools and leverages the Cloud technology for delivery. Currently, it has around 1,100 hours of content for classes VI-X, with a presence in around 11 schools. “The funding will be primarily used for expanding the sales team as we are looking to enter the North Indian market soon. In addition, we will utilise it for R&D, product expansion, etc.,” said Avneet, co-founder and president (business strategy & operations) of Carveniche. Currently, the firm has a 32-member team. Welcome to LimberLink.