VC Fund Investments
Robotics and coding startup for kids Avishkaar raises Rs.5-Cr from Auxano, others
New Delhi-based edtech startup Avishkaar has raised INR 5 crore in a pre-Series A funding round led by existing investor Auxano Ventures and Mumbai Angels. Angel investors Alok Mittal (CEO of Indifi Technologies) and Varun Aggarwal (co-founder of Aspiring Minds) also participated in the fundraise. The new funds will be used for product development, expansion and hiring talent. Avishkaar, which claims to have clocked five times growth in FY21, focuses on robotics, artificial intelligence, coding and app development for children between ages 5 and 15.
From the Venture Intelligence PE-VC Deal Database: In Feb-18, Avishkaar had raised nearly $1-M from Auxano Ventures. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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