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Funding roundup: Vedantu, Box8, KleverKid and Uniphore

Vedantu raises $5 million in series A


Bangalore-based startup Vedantu has raised $5 million in a series A round of funding from Accel Partners and Tiger Global reports NextBigWhat. The company will use the funds to create a system in which students can choose a teacher in real time.

Vedantu provides an online live tutoring platform in which teachers and students are able to live stream sessions with each other. The platform provides tutions for students between the grades 6 and 12 and offers classes for JEE, NTSE, PSA, IMO and KVPY preparation among others. The company mentions it will focus on extending its platform to mobile and tablet devices and scalability which can run 100s of live streams concurrently.
Box8 raises Rs 21 crore from Mayfield


Mumbai-based Box8 has raised Rs 21 crore in a series A round of funding from Mayfield, reports YourStory. The platform will use the funding build technology, expand its team and increase market penetration.

Box8 offers an on demand food delivery service in Mumbai, and claims to have 22 delivery units across the city. The platform claims to see over 2000 transactions every day, with 80% of the transactions coming from repeat customers. As of now the platform offers various curries, rotis and rice, wraps, sandwiches, sides and drink along with its signature ‘boxes’ for ordering online. The company also takes up party orders.
KleverKid raises seed funding from Aarin Capital and others


New Delhi-based KleverKid has raised an undisclosed amount in seed funding from Aarin Capital Partners and a group of individual investors including Ananda Kallugadde, Maina Sahi and Sunil Kaul, reports Techcircle. The platform will use the funds to expand to other Tier I cities across India.

Founded by Shabnam Aggarwal in 2013, the platform aggregates various activities, classes, coaches, playschools, tutors, and workshops in Delhi and Gurgaon regions. Users can then search the website for the service of their choice and also review the service. Users are also encouraged to list their own classes online, as the platform provides free listing. It mentions it also sends photographers to snap pictures of the classes to give users a better idea of what the place is like.


Uniphore Software raises series A from K Gopalakrishnan


Chennai-based speech recognition solutions company Uniphore Software Systems raised an undisclosed amount of funding in a series A round of funding from Kris Gopalakrishnan and other existing investors. The platform will use the funding for expanding globally and for product and technology development.

The platform currently provides solutions like voice biometrics, virtual assistants and speech analytics. It markets these products to various industries including banking, BPOs, insurance, lending/MFI, healthcare, government and agriculture. Note the company had previously raised investment from IDG Ventures India, Ray Stata, Indian Angel Network and YourNest Angel fund among others in March last year. Founded in 2008, Uniphore claims to have served over 70 enterprise customers and 4 million end users.

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