Funding Alert
uFaber Raises Rs 25 Crore in Series A Funding Round
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ByStartupStory | May 25, 2023
uFaber, the online learning platform, successfully raises Rs 25 crore in its Series A funding round, with Mastermind JPIN Capital Partners and Gray Matters Capital leading the investment. Prior to this, the edtech firm had secured Rs 2.5 crore from angel investors.
According to a statement by uFaber, the online learning platform is committed to sustaining its upward growth trajectory and strengthening its position in the highly competitive edtech market. The company also emphasized that the funding received will fuel its expansion plans, enabling enhancements in system capacity, technological advancements, and team expansion.
uFaber provides targeted training programs catering to a wide range of individuals. The platform focuses on training predominantly female teachers, offering them the flexibility to work from home in more than 100 small towns. These trained teachers leverage online platforms to deliver English language instruction to young learners, ensuring affordability and exceptional effectiveness.
uFaber operates five distinct programs on its platform: Fluent Life, eMaester, IELTS Ninja, UPSC Pathshala, and Real School. The Fluent Life program targets college students, professionals, homemakers, and businessmen, aiming to enhance their English communication and soft skills. eMaester specifically trains women to become work-from-home teachers. IELTS Ninja focuses on preparing working professionals for English proficiency exams, while Real School offers personalized education solutions. Lastly, UPSC Pathshala provides coaching for a range of competitive exams.
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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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