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Funding Roundup: Indus Insight, Capital Float and SmartOn

Indus Insight raises undisclosed sum from Unilazer Ventures and Hive India

indusinsightlogoGurgaon-based Big data & analytics firm Indus Insights has raised an undisclosed amount in Series A funding round from Unilazer Ventures and Hive India, reports TechCircle.

The company had previously raised over $90,000 from angel investors like Capital One director of marketing strategy and analytics Himanshu Nagpal, JP Morgan Intelligent Solutions managing director Shivraj Mundy,  former FutureBazaar president Kashyap Deorah and entrepreneur Bhawna Bhatia. General Counsel at Wonga.com, Secil Baysal is also apparently an investor in the company.

The firm will utilize the funds to strengthen its team of data scientists and for its sales & marketing initiatives across the world.

The firm was founded in 2009 by Saurabh and Neha Sharma and offers data & analytics services for various functional areas of an organization including marketing, risk, acquisitions and customer relationship management. It claims to have clients across various geographies and sectors including one of America’s largest prepaid debit card issuer, an Indian subsidiary of a Global Bank, one of US’s top 10 credit card issuers and a financial products distribution firm among others.

Capital Float raises $1M in funds from SAIF Partners

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capital-float-250x72Bangalore-based digital SME finance company Capital Float has raised $1 million investment from SAIF Partners.

This follows a $2 million investment from Aspada Investment Company last month and an undisclosed amount of angel investment earlier this year.

Founded in 2013 by Gaurav Hinduja and Sashank Rishyasringa, Capital Float provides working capital loans to small businesses through its technology-led loan origination and credit underwriting platform. It currently works with e-commerce merchants, early-stage B2B service providers and small manufacturers across Mumbai, Bangalore, Delhi and select other Indian cities.

SmartOn selected for in Kaplan & Techstar’s EdTech Accelerator

smarton logoBangalore and New York based online education service provider SmartOn has been selected to Kaplan and Techstars’s Edtech Accelerator in New York City. It will receive $20,000 investment from Techstars and an option for a $150,000 convertible debt note from Kaplan.

It will also have access to Kaplan’s educational expertise and proprietary technology to develop evidence-based learning products.

SmartOn currently offers courses in Interior Design, Social Media, Data Analytics and E-Commerce segments. It claims to offer project based learning and online certification programs in partnerships with various academic institutions. It has also tied up with partners like KPMG, MSL Publicis Groupe, Shopify and Hootsuite for building these online learning courses.

SmartOn co-founder Rakshit Kejriwal told Medianama that they are also launching 6-month online certification courses in E-Commerce, Social Media and Interior Design in collaboration with Pearl Academy next month. In addition, they are in talks with various companies to roll out online courses in Digital Marketing, UX Design, Data Analytics, Growth Hacking and Entrepreneurship areas.

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Kejriwal claims that more than 3,000 students have taken their courses in different formats from 60 countries until now.

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