India Roundup: Teachmint eyes $70m raise and other funding news

Edtech platform Teachmint reportedly in talks to raise over US$70 million

• Investors: New and existing investors, including Learn Capital and Lightspeed Venture Partners
• Stage: Unspecified
• About the startup: Founded in May 2020, Teachmint enables offline tutors to digitalize their classrooms and engage with existing students online and reach out to more users. The startup also launched its Teachmint for Institute, a platform for educational institutions to conduct and monitor online classes. The new funding round may push the company’s valuation to US$500 million.

Spiritual-tech company AppsForBharat nets US$10 million in series A money

• Lead investor: Elevation Capital
• Other investors: Sequoia Capital India, Beenext, Matrix Partners India, and other angel investors
• Stage: Series A
• Funds used for: Creating intellectual property, building products, and hiring employees across product, data, and engineering teams
• About the startup: Incorporated in November 2020, AppsForBharat aims to develop mobile and web-based apps that are designed to help users cater to their spiritual and devotional needs. the startup also raised US$4 million in its seed funding round, which was co-led by Sequoia Capital India and Beenext last month.

Investment platform Dezerv lands US$7 million in seed round

• Lead investor: Elevation Capital and Matrix Partners India
• Other investors: Whiteboard Capital, Blume Founders Fund, and other angel investors
• Stage: Seed
• Funds used for: Ramping up hiring and launching and scaling its technology platform.
• About the startup: Established in April 2021, Dezerv provides an integrated portfolio approach to investment. The strategy helps users maximize returns while limiting the downside. The platform currently offers only high-net-worth individuals a mixed portfolio and unlocks access to new asset classes, which include high-yielding bonds and emerging high-growth startups.

Home decor startup Kraftinn bags undisclosed amount in seed round

• Investors: North Eastern Development Finance Corp Venture Capital
• Stage: Seed
• Funds used for: Expanding inventory and recruiting for teams involved in design, marketing activities, sales, and distribution.
• About the startup: Founded in 2015, Kraftinn offers products including lamps, storage utilities, garden accessories, home accessories, and office accessories. Its product line spans six categories and includes over 50 products. It aims to blend traditional and modern designs, weaves, patterns, materials, and processes.