Adventure programs provider for schools Rocksport raises $3-M from Brand Capital

Rocksport , a provider of in-school adventure programmes, has raised USD 3 million (about INR 25 crore) from Brand Capital, the investment arm of Bennett, Coleman & Co Ltd, the publisher of Times of India. With this investment, Rocksport has closed its Series A round, elevating its valuation to USD 30 million. The new funds will primarily finance advertising and brand-building initiatives.In its earlier fund raise, Mahindra Holidays & Resorts had picked up a strategic stake, helping the company to expand across India .