Prozo raises $205,000 from angel investors Prozo, an online marketplace that lets users buy and sell study material, has raised $205k in a round of seed funding from Nalin Jain, Shomil Pant, Dinesh Kundu and other angel investors, reports Vccircle. The platform will use the funding for hiring and spending on marketing and mobile app development. Founded by Ashvini Jakhar and Jerry Jose, the platform offers new and old books, notes etc. in various categories such banking, civil service, engineering, English etc. The platform also provides mentors that users can sign up for. These mentors charge anything between Rs 300 per hour to Rs 2000 and above. Note that just last week, education technology firm Wincourse acquired 85 per cent stake in Mappr, a social learning platform which lets students share notes and interact with teachers, for an undisclosed amount. *** IEIF invests in edu-tech startups Report Bee & Guru-G India Educational Investment Fund (IEIF) has invested an undisclosed amount in the education technology startups, Report Bee Edusys and Guru-G Learning Labs, reports Vccircle. Report Bee will use the funds for product development and to expand in international and domestic markets, while Guru-G will use the funds to expand its business in schools and the publisher market. Founded in 2010 by Ananth Mani, Report Bee offers a platform for the education sector which it claims to help improve learning using data analytics. As of now it claims to be used in 250 schools in Asia serving over 200,000 students and…
