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New Jersey-based Video Learning Platform Secures $930,000

22Oct By Gauri SinghNo Comments

FUNDING

New Jersey-based Video Learning Platform Secures $930,000

Artificial intelligence-powered video-learning platform VideoKen Inc. has reportedly raised funds amounting to $930,000 (Rs 6.83 crore). The funding round was led by SRI Capital and Touchstone Equities. Along with this, Hyderabad Angels also participated in the round with existing backer LG Chandrasekhar of Sutures India including angel investors like Flipkart and former Yahoo executives. This marks as the second round of seed funding by the New Jersey- and Bengaluru-based startup. The company plans to use these funds for the expansion of its operations in North America. Prior to this, VideoKen had raised $1 million from a clutch of angel investors. The company was founded in 2017 by Manish Gupta and Ashish Vikram. The company makes use of AI and machine learning to summarise vide...

19Jul By AnkitaNo Comments

FUNDING

Home Decor Startup Foyr Raises $4.2 Million Series A Funding

Hyderabad based VR platform Foyr raises worth $4.2 million from SRI Capital, JLL partners & others. Foyr registered in Singapore as RBJ International Pte. Ltd used by interior designers, architects, and property developers to design the architect online and see it in 3D mode using Virtual reality. SRI capital invested $2 Mn in this extended series A round, marked its first investment from his recently launched $100 Mn venture fund based in Philadelphia, USA. Foyr will use this funding round to enter the US market, which is expected to be its largest market in two years. Foyr has raised a total $9.7 million funding till date. "We are excited to be backed by SRI Capital which is one of the only VCs who understands the US market as well as Indian development teams. Having a suc...

4Jun By Lavina TolaniNo Comments

FUNDING

New-Delhi Based Sports Flashes Raises $1 Mn pre Series A funding

New Delhi based Sports Flashes Pvt Ltd which runs a sports content app "Sports Flashes" has raised Rs. 6.7 crore ( $1 million) in a pre Series A funding from an early stage venture incubator SRI Capital. The company will be utilising the funds obtained in expanding its operations. Sports Flashes is currently available on both Android and iOS and provides content in seven Indian languages on different topics such as sports news, live scores, fantasy gaming, expert views, trivia, and more. Founded in 2016 by Raman Raheja, an entertainment and sports professional and Keshaw Sinha, an IT veteran Sports Flashes claims to have 300,000 downloads till date and aims to touch 1 million downloads by the end of this year. Speaking of the latest development, Raman Raheja said, We are looki...

Fintech Firm IndianMoney.com Raises $3 M From SRI Capital, Others

9Jan By AnkitaNo Comments

FUNDING

Fintech Firm IndianMoney.com Raises $3 M From SRI Capital, Others

IndianMoney.com has raised $3 Million from SRI Capital, a US-based early stage venture capital fund. Existing investors Hyderabad Angels and others also participated in this round. IndianMoney.com has been a pioneer in serving hundreds of thousands of middle income people who are deprived of unbiased financial information and education. The company will use this new investment to augment its capacity to educate about 100,000 people every day. Currently the company educates about 18,000 people every day. In the next 2-3 years, the company will ensure that its consumers get education, transactional guidance, ability to transact and custodian services in one place. The company plans to accomplish all these without watering down its core competency of being an unbiased support to the ...

SRI Capital Invested $2.3 Million in Three SaaS Startups

18Jul By RishabhNo Comments

FUNDING

SRI Capital Invested $2.3 Million in Three SaaS Startups

Hyderabad and Philadelphia-based SRI Capital has invested a total of $2.3 million in three SaaS startups -- WorkApps, Yellowdig and Zuppler. SRI Capital is an investment firm and was founded by Sashi Reddi. Reddi is working as Managing Partner of SRI Capital, would join the Boards of all three companies soon. Workapps is a Pune-based startup which was founded by Rudrajeet, who is a first-generation entrepreneur in the consumer internet and mobile industry space, while co-founder MVS Murthy is a BFSI professional. “Though there are many players in this space, none of them cater to the large enterprise market, which is where WorkApps has built a very robust and scalable product”, he said. Yellowdig is a Social collaboration tool which aims at bringing knowledge from outside of the cl...