Angel Investments
Engineering-oriented edtech player Feast Software raises $3.5-M
Mumbai-based Feast Software Pvt Ltd, an incubate of IIT-Bombay's SINE, has raised around USD 3.5 million in an angel round. Feast has developed a learning platform - under the brand “EnggOnline†- targeting engineering/skill students, tutors & industry experts for all levels. The company will use the funds towards manpower, cost of content development, delivery, and infrastructure required for the expansion of operations. Prime Securities Ltd was the exclusive investment banker to this transaction. The financing round was led by an investment firm led by Madhu Kela, Paresh Shah, Ketan Sheth, Arun Nahar, Kirti Doshi (founder member of the Antique group), Sanjay Dangi (Authum Investments), Anurag Jain (family office of Tarun Jain), Kishore Shah (CEO, Aamara Capital), P S Jayakumar (ex-MD & CEO, Bank of Baroda), Prem Rajani (Managing Partner, Rajani Associates), Akshay Gupta and N Jayakumar (both from the Management Team, Prime Securities), along with the EnggOnline founders family offices.
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