Spark Studio, a Bengaluru-based edtech startup focused on extracurricular activities, has secured new financing round from Y Combinator.
Spark Studio said it has scaled to 7,000 users across 9 different countries since its launch in 2021.
The company will use the funds to scale up the platform, including broader content and curriculum.
Founded by Anushree Goenka, Kaustubh Khade, Namita Goeland and Jyothika Sahajanandan, Spark Studio offers over 15 courses across music, communications and visual arts.
“Y Combinator’s belief in the Indian extracurricular learning space is a validation of our model. Learning has shifted online and parents are looking for quality classes that they can meaningfully engage their children in,” Anushree Goenka, co-founder and CEO, Spark Studio, said.
Gurugram-based knowledge sharing platform Tealfeed has secured undisclosed seed financing round from angel investors through ah! Ventures.
The fresh capital will be used to scale up the platform, which has currently signed up more than 5,000 global creators in the areas of technology, startups, marketing, leadership and design.
Founded in 2021 by Rohit Garg and Sourabh Kaushik, Tealfeed provides its users the option to customise its feed based on interests and follow creators to learn from them.
The firm said it has been witnessing 60% growth monthly since starting its operations four months ago.
RubanBridge Pvt. Ltd which runs 1Bridge, a last-mile supply chain and distribution startup, has raised $2.5 million in a new financing round led by Netherlands-based impact investor C4D Partners.
The round also saw participation from KAAJ Ventures, Prashanth Prakash, of Accel Partners; Puneet Jetli, co-founder of Happiest Minds, and Aradhana D Chatterjee, and Prashanth Boccasam.
With the new round of capital, 1Bridge will deepen its supply chain and distribution network across another 10,000 villages, expand its product & service offerings
“With this investment, we aim to expand the network, strengthen our technology and data capabilities, roll out 1Bridge Experience Zones at the Taluk-level and deepen our partnerships for last-mile supply chain and distribution – while pursuing profitable growth,” Madan Padaki, founder and CEO of 1Bridge, said.
1Bridge said it has grown at over 75% year-on-year (YOY) growth and has grossed revenue of over Rs 52 crore in FY21.
It aims to cross Rs 100 crore in FY22.
To date, 1Bridge has onboarded over 10,000 networks of entrepreneurs. The firm has turned EBITDA positive in FY22.
The firm also said it has raised working capital facility from Ananya Finance for Inclusive Growth.
Launched by Madan Padaki and Anil Kumar, 1Bridge is a commerce platform focusing on villages, it offers products & digital services at the doorsteps of village consumers.
It works with local rural entrepreneurs or ‘1Bridge Advisors’ to help deliver these products and services through a mobile-based tech platform.
The company has presence in over 70 districts of Southern India and is operational in states like Karnataka, Andhra Pradesh, Telangana, Maharashtra, Tamil Nadu and Odisha.
