Liquidity Events
Uolo acquire code-learning platform startup Tekie
Uolo Technologies has acquired fellow Bengaluru-based code-learning platform Tekie in a mostly stock deal. The transaction involves a cash component for Tekie's two founders Naman Mukund and Anand Verma, in addition to equity that will vest over a three-year period and a performance-linked incentive. Founded in 2017, Tekie offers schools a coding curriculum that works in over 100 schools.
From the Venture Intelligence PE-VC Deal Database: In May-2021, Tekie had raised about USD 1.5 M from GSV Ventures, Multiply Ventures and Better Capital. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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