Funding Alert
European, North American tech startups see funding triple in 2021
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ByStartupStory | January 29, 2022
In 2019, the edtech surroundings might have been likened to a shallow well. Funding and hobby had been targeted more than marketers and there had been only some developing groups gaining interest.
But that’s not the case. Gone is the time when VCs could have to triumph over skepticism on marketplace size, and patron readiness to undertake tech-enabled studying answers.
2020 might be remembered in training circles for the tumult it brought on at schools, uuniversitiesies, and workplaces. But it’ll additionally be remembered because of the 12 months while the arena awakened to the answers being advanced via means of edtech groups to assist humans to examine faster, extra affordably, successfully, and effectively.
Not surprisingly, 2021 noticed a growth in edtech funding throughout a spectrum of buyers. Indeed, ed-tech funding in 2020 and 2021 equaled the quantity raised for the duration of the complete 2014-2019 period.
To keep on the preliminary metaphor, the edtech surroundings are now a deep, thriving lake. Exciting groups are spawning throughout geographies and verticals, or even generalist buyers are constructing conviction that the arena can generate the equal sort of oversized returns generated in fintech, health tech, and different sectors
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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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