WaterBridge Ventures has exited its investment in online education startup Unacademy after three top venture capital investment firms — Sequoia Capital, SAIF Partners and Nexus Venture Partners — bought out the earlystage investor’s stake in the Bengaluru-based company. The development comes soon after Unacademy raised $21 million (Rs.143 crore) in its Series C funding round, which was led by its three existing marquee investors in July, and which valued the three-year-old company at about $100 million.
Last Month's Deals
Drone startup Droni Tech has raised USD 500,000 in seed funding from Eagle Group and angel investors. The startup will use the fresh capital to drive research and development in Mumbai and the United States (US) and aims to ramp up growth through sales and marketing.
Venture Catalysts has made a pre-Series A investment of Rs.2 crore into Playtoome, a live entertainment destination which enables fans to interactively experience concerts and performances by artists. Angel investors including Arihant Patni, Bhaskar Raju Konduru, CTO at Housejoy, Goverdhan Singh Jamwal, chairman of Kunwar Viyogi Memorial Trust and Akhileshwaran Krishnan, Group CFO at Apollo Hospitals participated in the funding round.
Apple Inc has acquired a startup Akonia focused on making lenses for augmented reality glasses. Its display technology allows for “thin, transparent smart glass lenses that display vibrant, full-color, wide field-of-view images.” The firm has a portfolio of more than 200 patents related to holographic systems and materials.
Fintech startup Slice-Pay, which offers instant credit to students and young professionals, has raised Series-A funding led by Chinese lending company FinUp Finance Technology Group. SlicePay, which is currently present in Bengaluru, Chennai, Pune, Hyderabad and Mumbai, will use the funds to expand to smaller cities.
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