🇮🇳 Roundup: Ninjacart sets up $25m agri-focused fund (Updated)
Startups in India, including Junio, raised at least US$6 million in funding today from local investors.
Here’s a snapshot of the fundraising:
Here’s some important tech news from India today:
Early-stage startups get new US$15 million VC fund
Suvan Ventures, a new venture fund focused on B2B cross-border SaaS companies, has been launched by Radhesh Kanumury, who is also a founding member and managing partner of Arka Venture Labs.
The fund size for Suvan Ventures is expected to be US$10 million to US$15 million. It will back nearly 20 to 25 startups.
Suvan Ventures will identify and invest in early-stage firms and help them scale by providing mentoring and connections to investors, partners, subject matter experts, system integrators, and potential customers.
Physics Wallah to raise US$100 million at unicorn valuation
Physics Wallah, an online learning platform, is reportedly in talks to raise US$100 million at a unicorn valuation.
The platform, which has been completely bootstrapped so far, operates as a YouTube channel and offers online and offline courses as well as study materials for competitive exams.
Launched in 2016, Physics Wallah’s YouTube channel has over 6 million subscribers.
Ninjacart launches US$25 million ‘Agri Seed Fund’
Ninjacart has set up the fund to support emerging and new-age startups in the agriculture sector.
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