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Funding Roundup: Zebroads, EduAce, Locus & more

Logistics startup Zebroads gets $75K in seed funding Zebroads, a Hyderabad-based online logistics and warehousing startup, has raised $75K (Rs 50 Lakh) in an angel round of funding from undisclosed investors, reports VCCircle. The company plans to invest these funds in increasing warehousing space, upgrading technology and improving logistics partners. The company currently offers customised warehousing, logistics and distribution channel services to SMEs. In addition to mini and mid-sized trucks, the startup also provides trained workforce (helpers and packers) for logistic requirements. *** EduAce raises $1M from MoMagic Education startup EduAce Services has raised $1 million (around Rs 6.6 crore) in seed funding from mobile Internet firm MoMagic, reports VCCircle. The capital raised will be utilised to build more school learning programmes and to expand operations across India. The company claims to have already covered over 2500 schools in 25 tier 2 cities across Uttar Pradesh, Uttarakhand and Madhya Pradesh. Its products include School Quiz League – Pratibha Ki Khoj - a state-centric quiz programme for school students, Daksh - a skill development programme for students and teachers, classroom Edu Fairs and school excellence awards. *** Locus raises $2.75 million in Series A funding Bengaluru-based logistics management platform, Locus announced $2.75 million in Series A funding, reports The Economic Times. The round was led by Exfinity Venture Partners with participation from Blume Ventures, BeeNext and Rajesh Ranavat, MD of Fung Capital. Existing investors including Bhupen Shah, Manish Singhal, Amit Ranjan also participated in this round. The funds will be used…

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