🇮🇳 Roundup: SoftBank backs $330m round of ecommerce firm

Startups in India, including ElasticRun and Agrim, have raised at least US$61 million in funding today from international and local investors.

Here’s a snapshot of the fundraising:

Here’s some important tech news from India today:

Byju’s to set aside US$200 million for offline expansion

The edtech titan is looking to invest the amount over the next 12 to 18 months to bolster its offline tuition centers. The move comes after it acquired tutoring firm Aakash Education Services in a deal estimated at US$950 million.

Byju’s currently has 80 offline centers across 23 cities in India. It aims to bump that number up to 500 centers across 200 cities this year.

As part of its expansion plans, Byju’s looks to add up to 4,000 new teachers for its offline services in 2021. It also plans to add another 6,000 people to run the 500 centers.

Infibeam enters fintech startup management with new unit

Infibeam Project Management will provide fintech firms with tools and resources that can help boost their businesses.

The Bombay Stock Exchange-listed company has incorporated its new unit in Gujarat International Finance Tec-City, an under-construction central business district in Gandhinagar.

According to the report, the fintech startup management space is in its nascent stages. With Infibeam’s offering, startups can pool their resources on their core business, the company said.