Physics Wallah raise $26M at $3.7B valuation
Physics Wallah, an Indian edtech startup, has secured $26 million in new funding. That investment gives the company a $3.7 billion valuation.
The round was led by DST Global and other investors. Physics Wallah: Launched as a YouTube channel by Alakh Pandey, Physics Wallah is an ed-tech revolution initiated to aid students in preparing for competitive exams.
It has become one of the world’s largest online education platforms where students from all over the world can access affordable education.
The capital will help the company roll out more offerings and reach more students across India. It is a big step for the startup, demonstrating its expansion and influence in the field of education.
Google invests in indian startup “Toonsutra”
An Indian startup Toonsutra has received funding from Google. This startup makes work for kids enjoyable and friendly.
The investment reflects Google’s desire to nurture creative and educational platforms. Toonsutra will use the funding to expand its team and produce more interesting content.
The shift reflects the increasing role of digital learning and entertainment in children’s lives. Both companies are enthusiastic about the partnership and reaching more kids around the world.
Whole Truth Startup raise Rs 133 cr, valuation 3.6X
A health-centric startup Whole Truth Foods just raised new capital for its business of Rs 133 crore. To have the highest stake in this amount, which means investors expect 3.6 × of the current valuation for their investment by October 2023, which also shows strong investor confidence in the demand for the company.
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Whole Truth, which is known for its clean-label snacks, as well as protein products, said the funds will be used to broaden its product offerings and increase its reach among consumers.
This funds an important next step toward Makana’s mission to put the power of better food in as many people’s hands as possible — after all, with both transparency and healthy eating trending, the stars are aligning. Everything that is being said will lead to some exciting times for the team.
Rapido raise Rs 250 cr as part of Series E
Bike taxi service Rapido has raised Rs 250 crore in its Series E funding round. The funds will be used for expanding services and technology improvements, the company said.
Rapido also plans to expand its existing markets and look for new opportunities. This funding round also included participation from existing investors, a sign of their confidence in the company’s growth.
Rapido is using its 17 years of expertise to build value as a technology company and offers safe, low-cost, shared motorbike rides as part of its relentless pursuit of convenience for the users.
The new round of funding will be utilized for scaling the company and improving their customer experience.
Swiggy hikes restaurant fee by 2%
Swiggy has raised the fee charged to restaurants by 2%. Many restaurant owners who are already contending with high costs have been upset by the move.
They say the increase will make it more difficult for them to turn a profit. Swiggy says the shift is necessary to enhance its offerings and enable delivery partners to achieve stability.
Restaurant owners, however, believe the added burden will compel them to hike food prices, which would trickle down to consumers. And now, many are demanding a fairer system to account for the needs of all involved.
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