News Update
Tinkerly labs raise 6.5 cr in a round led by Navneet Tech Ventures
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ByManjeet Singh | October 9, 2021
Since its inception in 2009, Marwari Catalysts Ventures has supported dozens of Edtech startups, and its portfolio company Tinkerly has recently raised Rs6.5 cr in a round led by Navneet Tech Ventures. The Jaipur-based EdTech startup was founded by IIT-Delhi and XLRI alumni Sharad Bansal, Om Prakash Godara, and Kapil Arya back in 2015. This round of funding raised a total of Rs10 crores.
Using STEM educational kits as part of a play-based curriculum, the startup focuses on bringing a fun and engaging learning experience to children in monotonous online coding classes.
Education startups are experiencing a boom in India and this announcement illustrates that trend. Through its support for strong Edtech startups such as Tinkerly that can bring this vision to life, Marwari Catalysts is contributing its bit to a comprehensive vision for education in the Indian market.
Tinkerly aims to make kids creators instead of consumers of technology, it states in a statement. The startup further adds, “Prior to COVID-19, exposure to robotics or coding was limited to students studying in less than one percent of total Indian schools. With the adoption of online learning, access to quality learning has been democratized.”
Sharad Bansal, CEO of Tinkerly and co-founder of the startup, comments, “The fresh capital will multiply the startup’s efforts to rapidly grow the online user base and invest in technology. Tinkerly’s unique (Kit + Live Class) courses combined with the support of Navneet Tech Ventures and MCats, will set new benchmarks of learning outcomes and spark the joy of making among students across the globe.”
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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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