Funding Alert
Edtech startup Clever Harvey raises $1.5 million in pre-series A funding
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ByAyushi Ray | September 10, 2021
Edtech startup Clever Harvey raises $1.5 million in pre-series A funding. The funding round was led by TechNova Ventures along with Tom Varkey and Multiply Ventures, and existing investor Education Catalyst Fund also participated in the round. Clever Harvey, the B2C vertical of Callido Learning, had launched its flagship Junior MBA series of career discovery programs for teenagers last year. It plans to use the new funds to expand its product portfolio, onboard key talent, strengthen its marketing outreach and build distribution channels in and beyond India. Serving a market of young adults of age 14 to 18 years, who are at a decision-making juncture of selecting colleges, academic streams, and course subjects, Clever Harvey offers case studies in business strategy, marketing, technology, data analysis, UX design, and social media, that allow students to test-drive options for future career paths.
Since its inception in April last year, this edtech startup has graduated over 6,000 students and seen strong acceptance from parents for this new category. “We are making “career discovery” easier by giving teenagers a ‘behind-the-scenes’ exposure of various industry roles through short, immersive, and fun cohort-based programs. Students meet online in small groups of ten, with focused teacher/facilitator interaction and collaborate with peers from across the country to solve live case studies. Our programs guide teenagers in making academic & career choices that are better aligned with their interests and passion,” said Sriram Subramanian, founder and CEO, Clever Harvey.
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Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
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