Showing posts with label AdvantEdge Partners. Show all posts
Showing posts with label AdvantEdge Partners. Show all posts

advantEdge Partners Onboards Startups Ango Health and Unanth to Its Incubator Program

Indian early stage VC fund advantEdge Partners today said it has on-boarded startups Ango Health and Unanth to its six-month Incubator program.

Ango Health is a personalized pregnancy management platform that improves the quality of care received by expecting mothers.

Neeraj Saini, Co-Founder, Ango Health said, “The incubator program brings in a lot of structure to the venture and is helping set us up for the next stage of our journey. Ridhish has been available 24x7 to help out with whatever requirements we have, and has arranged mentoring sessions for the team by the best experts from the industry. The fact that we are allowed to take risks in a controlled environment makes us more competitive. Additionally, all administrative and legal work is taken care of by the advantEdge team, allowing us to concentrate on the technology and meeting customers needs, which itself is a major value to an early stage startup like ours.”

Unanth is a leading vernacular online IT learning marketplace targeted at engineering students and software professionals, allowing them to up skill themselves in their native language.

Kishore Reddy, Co-Founder of Unanth said, “I can confidently say that having access to world-class office infrastructure in this well-located incubator has made a world of difference to our team’s productivity and focus. Also, all non-core activities like legal opinion, company formation, media and PR are handled by the incubator and that frees us to focus on what really matters – the product and our market.”

The advantEdge incubation program provides 360-degree support to accelerate startups through their initial lifecycle. On acceptance into the program, startups receive not only capital, but access to advantEdge’s best in class infrastructure, on-call support services and free credits from their world leading partner network, including Amazon, Razorpay and IBM, among others. Startups also have ready access to the fund’s experienced in-house team, world-class mentor network, investor community and industry connections.

“A big highlight of the program is the regular advice we get from Kunal on strategic direction and the advantEdge team on everything from setting and measuring KPIs to scheduling 1:1 mentoring sessions with experts and fellow entrepreneurs,” Kishore added.

“Ango Health and Unanth both demonstrated a fantastic value proposition and we are glad to have them join our program. Both of them are looking to create a meaningful and long-lasting impact in their respective areas and we are committed to help them accelerate their growth.” said Kunal Khattar, General Partner at advantEdge Partners, “It’s not just about providing them with state-of-the-art infrastructure, mentoring and support services, but partnering with them in the true sense by being by their side at every step to help them build the correct product market fit and create the organizational foundation to scale the business.”

advantEdge’s Incubator program differentiates itself by focusing on only a select few startups at a time and following a rolling admissions cycle throughout the year.

“The non-batch approach, combined with selection of only a handful of teams at one time, allows us to cater to the individual needs of each startup and provide customized support services tailored for them. This process is designed exclusively to help startups accelerate through their initial stages and raise capital to scale by the end of the program.” Ridhish Talwar, Head of advantEdge Incubator program said.

Apart from the Incubator program, which is based in Delhi NCR, advantEdge also runs a highly successful early stage tech fund and has made 18 investments so far in pioneering companies like Shuttl, TrulyMadly, Rapido, Smartivity, IndiaLends, ScoopWoop and IIMJobs etc.

Ed Tech Startup Smartivity Raises $1M in Pre Series A Round Led by S Chand and Others

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New Delhi-based an augmented reality-based ed-tech startup, Smartivity has raised $1 million in a pre-series A round of funding led by publishing firm S Chand and early-stage investment firm AdvantEdge Partners.

Other investors who also participated in the round include Singapore-based fund CFG Offshore Holdings and Silicon Valley-based fund Tandem Capital and a clutch of angel investors.

With this round of funding, the company aims to expand its current portfolio in STEM and augmented reality products to provide interactive learning to kids and also develop IoT (internet of things)-enabled toys and robot-led learning for kids. The funds will also be used to expand its reach and aim for the global market.

In October 2015, the firm which was started by three-IIT Delhi alumni Ashwini Kumar, Apoorva Gupta, Rajat Jain along with Tushar A Amin, had raised $200,000 in a seed round of funding.

The Delhi-based startup has two broad product ranges—STE(A)M (science, technology, engineering, arts and mathematics) learning-based do-it-yourself kits, which have a fundamental scientific concept at the core of each activity, and Smartivity EDGE, their augmented reality-enabled learning activities. It uses augmented reality, a technique that enables superimposing digital objects over physical ones, to help kids understand various concepts.

The user has to download the Smartivity EDGE application, which is available on both Android and iOS to experience the augmented-reality platform.

"Smartivity has shown tremendous growth over the past 12 months with a high focus on product design and execution and has built a portfolio of innovative products," said Gaurav Jhunjhnuwala, director of S Chand Group.

In March this year, S Chand also invested $1 million in Bangalore based home and online tutoring startup FlipClass, along with Blume Ventures. Just four days back, education technology platform Unacademy has raised $500,000 in a funding round led by Blume Ventures.

Image Source: ShutterStock

Bike Taxi Operator Rapido Gets Funding from Pawan Munjal, Rajan Anandan and Others

rapido

Bike taxi operator Rapido has received funding from a set of investors, including Hero MotoCorp Chairman Pawan Munjal and Google India head Rajan Anandan. The company has raised pre-series A round of funding led by Munjal, AdvantEdge Partners, Astarc Ventures and Tesellate Ventures, among others.

Other investors who participated in the round include Anupam Mittal, founder and CEO of People group; Smile Group Partners; Ankit Nagori, ex CBO, Flipkart, and Kunal Khattar, serial entrepreneur and co-founder of Carnation Auto. The funding amount is still undisclosed by the company.

The funds will be deployed for Rapido's expansion into other cities and building up the team. The company has a fleet of over 400 bikes across Bangalore, Gurgaon and Delhi. The number is set to touch 1,000 over the next two months.

Founded in November 2015 by Aravind Sanka, Pavan G and Rishikesh Sr, Rapido is a nextgen platform which provides Bike Taxi Services in India. One can book a bike ride through a mobile app for travelling solo. Its app is available for Android platform and has over 50,000 app downloads and delivered more than 1,25,000 rides.

The startup claims that its 85% of rides are from repeat customers and 10% of the customers are women as well as it also helps customers save 40% cost and 50% time compared to alternative options.

Commenting on the funding, Aravind Sanka, Co-founder at Rapido said, “The funds will be deployed for Rapido’s expansion into other cities and building up the team. A majority of our customers use us as a daily commute option since we have built the product with deep understanding of their needs. We have unique features such as quick booking, favorite routes and multiple modes of booking including missed call booking service.”

Bike Taxi Operator Rapido Gets Funding from Pawan Munjal, Rajan Anandan and Others

rapido

Bike taxi operator Rapido has received funding from a set of investors, including Hero MotoCorp Chairman Pawan Munjal and Google India head Rajan Anandan. The company has raised pre-series A round of funding led by Munjal, AdvantEdge Partners, Astarc Ventures and Tesellate Ventures, among others.

Other investors who participated in the round include Anupam Mittal, founder and CEO of People group; Smile Group Partners; Ankit Nagori, ex CBO, Flipkart, and Kunal Khattar, serial entrepreneur and co-founder of Carnation Auto. The funding amount is still undisclosed by the company.

The funds will be deployed for Rapido's expansion into other cities and building up the team. The company has a fleet of over 400 bikes across Bangalore, Gurgaon and Delhi. The number is set to touch 1,000 over the next two months.

Founded in November 2015 by Aravind Sanka, Pavan G and Rishikesh Sr, Rapido is a nextgen platform which provides Bike Taxi Services in India. One can book a bike ride through a mobile app for travelling solo. Its app is available for Android platform and has over 50,000 app downloads and delivered more than 1,25,000 rides.

The startup claims that its 85% of rides are from repeat customers and 10% of the customers are women as well as it also helps customers save 40% cost and 50% time compared to alternative options.

Commenting on the funding, Aravind Sanka, Co-founder at Rapido said, “The funds will be deployed for Rapido’s expansion into other cities and building up the team. A majority of our customers use us as a daily commute option since we have built the product with deep understanding of their needs. We have unique features such as quick booking, favorite routes and multiple modes of booking including missed call booking service.”

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