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<ul class="summary-list"><li>Insider just published its second annual <a href="https://www.businessinsider.com/seed-100-best-early-stage-investors-2022-5?r=seed-100-lp">Seed 100</a> and <a href="https://www.businessinsider.com/seed-25-best-female-early-stage-investors-2022-5?r=seed-100-lp">Seed 25 lists</a> of the best seed VCs.</li><li>The lists not only celebrate past wins but also use a statistical model to predict ongoing success.</li></ul>Insider's second annual Seed 100 list once again names the best seed-stage investors in the US.<h4>Read: <a href="https://www.businessinsider.com/seed-100-best-early-stage-investors-2022-5?r=seed-100-lp">The Seed 100: The best early-stage investors</a></h4>And our second annual <keyword id="13790593" type="UNKNOWN" weightage="60" keywordseo="seed-25" source="Orion">Seed 25</keyword> list, which honors the rising number of women in seed-stage investing, names the best female investors.<h4>Read: <a href="https://www.businessinsider.com/seed-25-best-female-early-stage-investors-2022-5?r=seed-100-lp">The Seed 25: The best female early-stage investors</a></h4><h2>Based on data</h2>What makes these rankings different from other best-VCs lists is that they're based on data. And they're not just rearview analyses that celebrate past success. They use a statistical model designed to predict, with high confidence, future success.That makes the Seed 100 and Seed 25 ideal tools for founders looking for successful early-stage investors to bring on as partners, as well as for other VCs and angel investors searching for top dealmakers to include in their networks.In fact, those are the exact reasons that the data-driven VC firm Tribe Capital, the creator of the model, spent three years building and fine-tuning it. Tribe's data selected and ranked these top investors out of a field of more than 1,400 people using 25 attributes.<h4>Read: <a href="https://www.businessinsider.com/best-seed-vcs-venture-capital-tribe-capital-seed100-seed25-2022-5?r=seed-100-lp">How Tribe Capital selected and ranked Insider's Seed 100 and Seed 25 lists of the best seed VCs</a></h4><h2>Newcomers and rising stars</h2>This year's list includes 37 newcomers, including Ian Rountree, No. 6 on the Seed 100, who worked in the nonprofit world until he realized, he told us, that nothing changes the world faster than "solving problems with cash flow."Read: <a href="https://www.businessinsider.com/ian-rountree-top-seed-vc-climate-tech-crypto-biotech-2022-5?r=seed-100-lp">How Ian Rountree bet $120,000 of his life savings on startups and became one of the nation's top seed investors</a>Another newcomer is Miriam Rivera, No. 1 on the Seed 25, who built her firm by backing female founders and founders of color, filling the skies with unicorns as she did. "People have seen that investing in diverse people is profitable," she said.Read: <a href="https://www.businessinsider.com/miriam-rivera-ulu-ventures-vc-unicorns-underrepresented-startup-founders-2022-5?r=seed-100-lp">How top VC Miriam Rivera turned bets on underrepresented founders into multibillion-dollar wins</a>Speaking of unicorns, Aileen Lee, No. 2 on the Seed 25, coined the term. But Lee told us that she was most proud of mentoring founders: "Sticking by people through hard times is actually one of the things that I feel really proud about."<h4>Read: <a href="https://www.businessinsider.com/vc-aileen-lee-cowboy-ventures-secret-to-her-success-2022-5?r=seed-100-lp">'It was scary': How Aileen Lee launched her own VC firm after 13 years at Kleiner Perkins — and became one of the best in the business</a></h4>Then there's Garry Tan, who rose 33 spots this year on the Seed 100. He said, "A founder who is a great builder tends to be a magnet, attracting the smartest people."These three Seed 100 stars also told us how they achieved success in a world so full of competition.<h4><a href="https://www.businessinsider.com/jenny-fielding-techstars-vc-top-female-seed-investor-2022-5?r=seed-100-lp">How Jenny Fielding, the face of Techstars, became the most well-connected investor in New York</a></h4><h4><a href="https://www.businessinsider.com/eric-paley-top-seed-vc-investing-startups-2022-5?r=seed-100-lp">How seeking out the 'weird and wonderful' led to Eric Paley's seed investment in Uber and hundreds of other startups</a></h4><h4><a href="https://www.businessinsider.com/engineer-kevin-mahaffey-top-seed-vc-angel-investing-2022-5?r=seed-100-lp">Kevin Mahaffey began building software when he was 8 years old. Now he's the No. 3 seed investor.</a></h4>But the list is also full of surprises, such as football great Joe Montana, who's VC fund has quietly become a powerhouse.<h2>Read the full list: <a href="https://www.businessinsider.com/seed-100-best-early-stage-investors-2022-5?r=seed-100-lp">The Seed 100: The best early-stage investors of 2022</a></h2>

The best seed VCs of 2022 — based on data

New Delhi, Feb 2 () The Department for Promotion of Industry and Internal Trade (DPIIT) is working on guidelines for a National Seed Fund that was announced in the Budget for 2020-21 to help start-ups and budding entrepreneurs, a top government official said.
DPIIT Secretary Guruprasad Mohapatra said that most of the start-ups actually face problem in raising finance or funds in the ideation to the proof of concept stage. 
He said that now the finance minister has announced a proposal in the Budget on Saturday for providing seed fund to start-ups, the department will work on this.
Finance Minister Nirmala Sitharaman proposed to provide early life funding, including a seed fund to support ideation and development of early stage start-ups.
"So now we will move a Cabinet note and create a fund and guidelines in this regard," Mohapatra told .
He said that the department will work on a National Seed Fund policy and creation of the fund.
In their interactions with the department, start-ups have time and again demanded formulation of a national seed fund scheme.
Some states and central government departments like Biotechnology Industry Research Assistance Council have their own seed fund scheme but they are small and are not pan-India, the secretary said.
The department has already held discussions with states, and central government departments that have such schemes in this regard.
The secretary also said that the budget announcement regarding employee stock option plan (ESOP) will help start-ups in further strengthening startup ecosystem in the country.
"In order to give a boost to startup ecosystem, I propose to ease the burden of taxation on the employees by deferring the tax payment by five years or till they leave the company or when they sell, whichever is earliest," the finance minister has said.
 ESOP is a significant component of compensation for employees. Currently, it is taxable.
 On the budget, Mohapatra said that the need of the hour is to encourage investments and to that extant there are lot of positive things in the budget.
 "It is a pro-investment budget," he added. RR MR
MR

DPIIT working on guidelines for National Seed Fund: Mohapatra

<ul><li>Indian startup Lo! Foods, which is a low carb and keto friendly range of packaged foods brand, is bringing healthy snacking for people. </li><li>These include atta, biscuits, snacks, namkeens and chocolates. </li><li>The startup, which started in 2019 has received $5 lakh funding from top founders and executives of the FMCG and financial investment community. </li><li>The company also announced its partnership with Hyatt Place, Hyderabad.</li></ul>Indian startup Lo! Foods which brings in keto-friendly packed snacks raised $5 lakhs as seed fund. Apart from financers, the startup also attracted top executives of FMCG companies as well as it bets on Indians to buy low-carb snacks. Its angel investors include Anuj Golecha, the co-founder - Venture Catalyst; Raveen Sastry, the co-founder of Myntra, Rashmi Daga, Founder of Freshmenu, Sunil Chhabra, Advisor &amp; Founding Team member, Jumbotail; and Mitesh Shah, the CFO of BookMyShow among others. “Top FMCG and Financial executives coming on board to invest and mentor the company is another strong validation of the prospects we have as an organization. We believe we are now ready to further scale up our operations to the next level,” said Sudarshan Gangrade, the founder of Lo! Foods. The startup producers a range of products includes atta or flour, biscuits, snacks or namkeens and even chocolates which can be eaten by those on a keto diet. Keto diet which involves eating only fats and protein by shunning carbohydrates altogether, has become popular with the increasing number of <keyword id="351691" type="COMPANY" weightage="20" keywordseo="Weight-Watchers">weight watchers</keyword> in India. Desi taste buds The brand created a wide online market on platforms like Freshmenu, Eat Fit along with Amazon, Flipkart and Big Basket. “The Indian taste buds want something desi to munch on, but finding a healthy option is difficult. People do not like to have a granola bar or ragi biscuits with their tea. So, we are to cater to their taste buds with satisfactory and tasty low-carb snacks,” Sudarshan had <a href="https://yourstory.com/smbstory/bengaluru-low-carb-snacks-biscuits-lo-foods-fmcg">told </a>Your Story. The startup also partnered with Hyatt Place in Hyderabad by introducing <keyword id="6877681" type="UNKNOWN" weightage="20" keywordseo="keto-food">keto food</keyword> products on their menu like breads, paranthas, pastas and brownies. “I built my company on products that are very Indian in nature, tasty and healthy. The passion to impact health at scale got me convinced to come up as an advisor,” said PC Musthafa, Founder, ID Foods. See also: <a href="https://www.businessinsider.in/weight-loss-surgeries-grow-100-times-in-last-15-years/articleshow/70780880.cms">Weight loss surgeries grow 100-fold as food-loving Indians take the easy route</a> <a href="https://www.businessinsider.in/humans-have-been-drinking-tiny-plastics-every-day/articleshow/70781384.cms">We are eating, drinking and breathing microplastics — and don’t know how it would affect us</a>

A startup that bets on packaged keto snacks and chocolates raises seed funding

DocSendDocSend CEO Russ Heddleston<ul class="summary-list"><li>DocSend, <a href="https://markets.businessinsider.com/news/stocks/docsend-and-dropbox-team-up-to-enable-founders-and-business-leaders-to-collaborate-control-and-track-all-of-their-business-critical-documents-1028660256">a cloud-based document sharing startup</a>, released a report Tuesday that revealed what can make or break a pitch deck for early-stage startups.</li><li>The report found that <a href="https://www.businessinsider.com/pre-seed-investors-look-to-fund-smart-people-with-startup-ideas-2015-4">pre-seed funding rounds</a> have gained popularity and influence among startups and investors, but the stakes are higher for both groups as the round becomes a must-have for many companies.</li><li>In a study of 174 pre-seed startups seeking funding, DocSend found that 9 milestones indicated whether or not a company would successfully raise funding.</li><li><a href="https://www.businessinsider.com/prime?module=article&amp;area=summary">Click here for more BI Prime stories</a>.</li></ul>Venture capitalists have been pumping billions of dollars into startups over the last five years. Those startups are staying private longer, and investor returns are looking bigger and better by the day. The biggest windfalls, however, don't necessarily come when a startup goes public or gets acquired. Those that make it big tend to be investors who wrote the company's first check. In 2014, that was commonly called a seed round. Founders had little more than an idea and a PowerPoint, and investors wrote modest checks to see what the team could produce with a small amount of funding.Fast forward to 2020, and conventional wisdom is all but thrown out the window. A new report out Tuesday from <a href="https://markets.businessinsider.com/news/stocks/docsend-and-dropbox-team-up-to-enable-founders-and-business-leaders-to-collaborate-control-and-track-all-of-their-business-critical-documents-1028660256">DocSend, a cloud-based document sharing startup that specializes in things like pitch decks</a>, found that institutional venture capital is trickling down into <a href="https://www.businessinsider.com/pre-seed-investors-look-to-fund-smart-people-with-startup-ideas-2015-4">pre-seed funding rounds</a> that often come in the earliest days of a company."Pre-seed isn't the new seed," DocSend CEO Russ Heddleston told Business Insider. "We are seeing that, for a particular range of companies, there is a logical range of money you need if you aren't wealthy enough to prove out the metrics to prove out the company. It's a formalization of the angel round."The report looked at pitch decks of 174 startups that self-identified as pre-seed stage and sent pitch decks to investors via DocSend. The startup's software tracks how many times an investor opened the files, how long they spend reading the deck, and which parts of the deck they spent the most time reviewing. <h2>These are the 9 key milestones DocSend found could make or break a startup in the earliest days. </h2>

Startups are engaging VCs earlier than ever, but investors keep raising the bar for pre-seed funding. This report says these 9 milestones are "must-haves" for young startups.

As <a href="http://www.businessinsider.in/searchresult.cms?query=investors">investors</a> are rushing to put money in new-born <a href="http://www.businessinsider.in/searchresult.cms?query=startup">startups</a>, there is more than moolah that startup founders want. 
 
<a href="http://www.businessinsider.in/searchresult.cms?query=founders">Startup founders</a> have begun giving more importance to their investors and are looking to bring <keyword id="1634680" type="UNKNOWN" weightage="100" keywordseo="seed-investors">seed investors</keyword> on board under whom they can get the right grooming, in a bid to grow right. 
 
A good seed investor is one who works closely with the founders and helps them in analysing the product-market fit for their offering and standing out of the crowd. 
 
Paavan Nanda of ZO Rooms told ET it is very important for an investor to believe in a portfolio startup's vision, trust the team, and give them the freedom to work independently. 
 
Support from the beginning is critical in helping a startup scale quickly. 
 
In a survey of funded entrepreneurs by ET and Tracxn, seed investors in India were rated high for their ability to open doors for <a href="http://www.businessinsider.in/searchresult.cms?query=partnership">partnerships</a>, back founders' judgment, and reach out to other investors for the next <a href="http://www.businessinsider.in/searchresult.cms?query=funding">funding</a> round. 
 
Mayank Kumar, cofounder and CEO of months-old logistics startup Opinio, benefitted from this. 
 
"Accel helped us tremendously in talent acquisition. They gave us a few personally vetted profiles within a 24-hour turnaround. They would also connect you to any CEO in the country immediately," said Kumar. 
 
(Image: Thinkstock)

New-born startups want parenting from investors for right grooming

<keyword id="11441043" type="COMPANY" weightage="20" keywordseo="SimpliContract">SimpliContract</keyword>, an AI and SaaS-based contract lifecycle management (<keyword id="3467940" type="COMPANY" weightage="20" keywordseo="clm">CLM</keyword>) platform, said on Monday it has raised <keyword id="54123" type="COMPANY" weightage="20" keywordseo="USD">USD</keyword> 1.8 million in a <keyword id="948731" type="PERSON" weightage="20" keywordseo="seed-funding">seed funding</keyword> round led by <keyword id="1397792" type="COMPANY" weightage="20" keywordseo="Kalaari-Capital">Kalaari Capital</keyword> with participation from Picus Capital, Arka Ventures, and Digital Sparrow Capital. This funding will drive its efforts in engineering, <keyword id="6019235" type="COMPANY" weightage="20" keywordseo="ai-research">AI research</keyword>, and marketing, the Bengaluru-headquartered company said in a statement. SimpliContract's product supports organisations across the contract lifecycle from request to renewal and enables effective collaboration for internal and external stakeholders such as vendors and customers, it said. The platform, built with customisable and intelligent workflows, seamlessly integrates with enterprise applications and provides actionable insights to users across procurement, sales, and legal functions, the statement said. Partner at Kalaari Capital, <keyword id="154262" type="PERSON" weightage="20" keywordseo="Ravinder-Singh">Ravinder Singh</keyword>, said, "90 per cent of global enterprises and 50 per cent of midsize organisations will have CLM solutions in place by 2023. The Global CLM market is expected to grow from USD 1.5 billion today to USD 5.2 billion by 2027. We believe that the AI- powered CLM platform of SimpliContract will drive and ride this growth." "We are seeing significant interest and adoption in the market within a few months of launch. SimpliContracts AI-driven platform supports over 4,000 enterprise users and manages 30,000-plus contracts worth over USD two billion in value," CEO of SimpliContract, Guru Venkatesan, said. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/sona-comstar-ipo-price-gmp-should-you-subscribe/articleshow/83505013.cms">Sona Comstar IPO worth ₹5,550 crore opens today – find out if this EV battery player has enough juice for a long ride</a> <a href="https://www.businessinsider.in/business/news/why-dodla-dairy-has-no-plans-to-expand-beyond-southern-india/articleshow/83503817.cms">Here’s why Dodla Dairy has no plans to expand beyond southern India for at least the next two years even with its IPO</a>

SaaS startup SimpliContract raises $1.8 million in seed funding led by Kalaari Capital

Education start-ups in India seem to be the hottest targets right now, going by the kind of <keyword id="6357455" type="EVENT" weightage="100" keywordseo="Funding">funding</keyword> they are attracting from local and global investors. A couple of days ago, Delhi-based start-up <keyword id="1974964" type="UNKNOWN" weightage="100" keywordseo="Avanti-Learning-Centres">Avanti Learning Centres</keyword> raised an undisclosed amount in <keyword id="948731" type="UNKNOWN" weightage="100" keywordseo="seed-funding">seed funding</keyword> from <keyword id="1894311" type="UNKNOWN" weightage="100" keywordseo="Pearson-Affordable-Learning-Fund">Pearson Affordable Learning Fund</keyword> (<keyword id="1954796" type="UNKNOWN" weightage="100" keywordseo="PALF">PALF</keyword>). Two more <keyword id="6365770" type="UNKNOWN" weightage="100" keywordseo="angel-investors">angel investors</keyword> also took part in the round. Avanti will use the <keyword id="1974977" type="UNKNOWN" weightage="100" keywordseo="Seed-round">seed round</keyword> to develop an <keyword id="1974975" type="UNKNOWN" weightage="100" keywordseo="Online-offline-learning">online-offline learning</keyword> &amp; monitoring system, create more <keyword id="755302" type="UNKNOWN" weightage="100" keywordseo="educational-content">educational content</keyword> and build new <keyword id="68244" type="UNKNOWN" weightage="100" keywordseo="Learning-centres">learning centres</keyword>. Currently, the <keyword id="1044076" type="UNKNOWN" weightage="100" keywordseo="education-start-up">education start-up</keyword> operates stand-alone and in-school centres in Delhi, Mumbai, Chennai, Kanpur, Roorkee and Puducherry, besides helping the <keyword id="3216" type="ORGANIZATION" weightage="100" keywordseo="students">students</keyword> in three Tibetan schools in Uttarakhand and Karnataka. 
 
This is the second investment in India that Pearson has made through PALF, and the third overall since the fund was launched in July 2012. 
 In November this year, <keyword id="1954793" type="POSITION" weightage="100" keywordseo="Global-education-leader">Global education leader</keyword> Pearson’s inaugural <a href="http://www.businessinsider.in/These-2-Peer-selected-Start-upsShared-150K-Investment-To-Boost-Low-cost-Education/articleshow/26512179.cms">edupreneur programme</a>, jointly launched by PALF and US-based investor Village Capital, came to a close with <keyword id="1954794" type="UNKNOWN" weightage="80" keywordseo="Experifun">Experifun</keyword> and <keyword id="1467859" type="COMPANY" weightage="80" keywordseo="Sudiksha-Knowledge-Solutions">Sudiksha Knowledge Solutions</keyword> walking off with a seed funding of $75,000 each. The <keyword id="6362476" type="ORGANIZATION" weightage="100" keywordseo="investments">investments</keyword> will enable the start-ups to further develop their low-cost education ventures and assist underprivileged school children. 
 Pearson launched PALF in July 2012 with a capital of $15 million. Investments are made into private companies that offer <keyword id="1974987" type="UNKNOWN" weightage="100" keywordseo="Affordable-educational-services">affordable educational services</keyword> and schooling in Asia, <keyword id="12925" type="ENTERTAINMENT" weightage="80" keywordseo="Africa">Africa</keyword> and Latin America. 
 Set up as a <keyword id="456748" type="UNKNOWN" weightage="100" keywordseo="non-profit">non-profit</keyword> in March 2010 by <keyword id="258061" type="PERSON" weightage="100" keywordseo="Akshay-Saxena">Akshay Saxena</keyword> and <keyword id="1974967" type="UNKNOWN" weightage="100" keywordseo="Krishna-Ramkumar">Krishna Ramkumar</keyword>, Avanti Learning Centres supports students from low-income families (those with a family income of $5,000 per annum or below) and prepares them for <keyword id="1974989" type="UNKNOWN" weightage="100" keywordseo="College-entrance-exams">college entrance exams</keyword>, especially the highly competitive engineering and medical entrance tests. Students can study up to 18 hours a week at a centre and need to pay only $20 per month. Costs are kept low as a large network of volunteers and partners, including universities, public schools, policy makers and private sector businesses, help with teaching and administration. 
 Instead of traditional lectures, Avanti follows a comprehensive programme including <keyword id="1951606" type="UNKNOWN" weightage="100" keywordseo="book-learning">book learning</keyword>, <keyword id="144248" type="ENTERTAINMENT" weightage="100" keywordseo="Videos">videos</keyword>, <keyword id="1974990" type="UNKNOWN" weightage="100" keywordseo="Peer-learning">peer learning</keyword> (developed by Dr <keyword id="1974994" type="UNKNOWN" weightage="100" keywordseo="Eric-Mazur">Eric Mazur</keyword>, the company’s chief academic advisor and a physics professor at <keyword id="53675" type="ORGANIZATION" weightage="80" keywordseo="harvard">Harvard</keyword>), <keyword id="956032" type="PERSON" weightage="100" keywordseo="Self-study">self study</keyword> &amp; <keyword id="969316" type="UNKNOWN" weightage="100" keywordseo="group-work">group work</keyword>, <keyword id="1974991" type="UNKNOWN" weightage="100" keywordseo="Recorded-lectures">recorded lectures</keyword>, <keyword id="140811" type="UNKNOWN" weightage="100" keywordseo="mentoring">mentoring</keyword> and doubt-solving. Students are enrolled after a highly selective two-stage process. 
 “It was the commitment from Akshay and Krishna to focus on improving the <keyword id="1974995" type="UNKNOWN" weightage="100" keywordseo="Education-of-low-income-communities">education of low-income communities</keyword>, combined with an <keyword id="1974993" type="UNKNOWN" weightage="100" keywordseo="Innovative-learning-model">innovative learning model</keyword>, which was the most attractive aspect of the <keyword id="718769" type="ORGANIZATION" weightage="100" keywordseo="investment-opportunity">investment opportunity</keyword>,” said PALF executive director, <keyword id="1974962" type="UNKNOWN" weightage="100" keywordseo="Katelyn-Donnelly">Katelyn Donnelly</keyword>. 
 “Avanti is particularly exciting because it is a non-traditional pedagogy with very strong initial results. Our investment allows us to partner with a mission-led company to bridge a crucial gap between secondary and <keyword id="6375224" type="ORGANIZATION" weightage="100" keywordseo="higher-education">higher education</keyword> for low-income learners. PALF is enthused to support the Avanti team to successfully grow across India, and we look forward to working with them to deliver on their long-term vision,” she added. 
 Commenting on the funding, Saxena said, “Once we decided that a <keyword id="1975001" type="UNKNOWN" weightage="100" keywordseo="For-profit">for-profit</keyword> model was the best way to reach scale, we knew we would need expert strategic insight and advice. We are incredibly excited to be working with the Pearson Affordable Learning Fund as they bring unrivalled education expertise to the table that can help us achieve our long-term objectives. We look forward to building upon the relationship with Pearson as we improve outcomes for low-income learners in the years to come.” 
 
Recent fundraising by education start-ups 
uFaber: Mumbai-based <keyword id="1975002" type="UNKNOWN" weightage="100" keywordseo="uFaber-Edutech">uFaber Edutech</keyword> (http://www.ufaber.com/), which runs an <keyword id="1975003" type="UNKNOWN" weightage="100" keywordseo="Online-education-marketplace">online education marketplace</keyword> for <keyword id="1975006" type="UNKNOWN" weightage="100" keywordseo="Professional-skill-development">professional skill development</keyword>, hobbies, crafts, academics and vocational training, got Rs 37 lakh from <keyword id="1975007" type="UNKNOWN" weightage="100" keywordseo="Ah-Seeders">Ah! Seeders</keyword>, the seed funding network of <keyword id="1975008" type="UNKNOWN" weightage="100" keywordseo="Club-Ah">Club Ah!</keyword> It is the network’s maiden investment in India after its launch in the country. Ah! Seeders puts its money into very early stage companies and typically invests in the range of Rs 25-50 lakh. 
 
<keyword id="1573710" type="COMPANY" weightage="100" keywordseo="Meritnation">Meritnation</keyword>: Delhi-based <keyword id="1962741" type="COMPANY" weightage="100" keywordseo="Applect-Learning-Systems">Applect Learning Systems</keyword>, which runs the online education and assessment site Meritnation.com (http://www.meritnation.com/), secured Rs 10 crore from <keyword id="80004" type="COMPANY" weightage="100" keywordseo="Info-Edge">Info Edge</keyword> (India) Ltd, the biggest consumer Internet company in India by market value. With this fresh round, Info Edge has put in a total of Rs 71.5 crore and holds around 55.81% stake in Applect (on a fully diluted and converted basis). 
 
<keyword id="900714" type="COMPANY" weightage="100" keywordseo="InOpen-Technologies">InOpen Technologies</keyword>: Mumbai-based InOpen Technologies (http://inopen.in/), a start-up developing educational content and <keyword id="1975016" type="UNKNOWN" weightage="100" keywordseo="Teachers-training-solutions">teacher’s training solutions</keyword>, received an undisclosed sum in Series A from <keyword id="1975017" type="UNKNOWN" weightage="100" keywordseo="Japanese-education-firm">Japanese education firm</keyword> Benesse Holdings, Inc. In August 2011, the company raised $500,000 in seed funding from <keyword id="1975018" type="UNKNOWN" weightage="100" keywordseo="Ventureast-Tenet-Fund-II">Ventureast Tenet Fund II</keyword>. 
 
MangoSense: The Pune-based edutainment start-up (http://mangosense.com/) got an undisclosed amount from <keyword id="164924" type="ORGANIZATION" weightage="100" keywordseo="Mumbai-Angels">Mumbai Angels</keyword>. Its products include <keyword id="1975022" type="UNKNOWN" weightage="100" keywordseo="MangoReader">MangoReader</keyword>, <keyword id="1975023" type="UNKNOWN" weightage="100" keywordseo="MangoReach">MangoReach</keyword> and <keyword id="1975025" type="UNKNOWN" weightage="100" keywordseo="MangoSocial">MangoSocial</keyword>, through which users can create a fun and social environment for reading books and sharing them with friends. 
 
<keyword id="1975033" type="UNKNOWN" weightage="100" keywordseo="K2-Learning">K2 Learning</keyword>: Bangalore-based hybrid (online-offline) start-up K2 (http://k2learning.in/) secured Rs 8 crore in angel funding from <keyword id="244269" type="PERSON" weightage="100" keywordseo="Radheshyam-Agarwal">Radheshyam Agarwal</keyword>, founder and director of <keyword id="1975034" type="UNKNOWN" weightage="100" keywordseo="Calcutta-Tube-India">Calcutta Tube India</keyword>. The start-up specialises in <keyword id="1975035" type="UNKNOWN" weightage="100" keywordseo="Commerce-content">commerce content</keyword> and plans to set up <keyword id="1974968" type="UNKNOWN" weightage="80" keywordseo="Tab-Labs">Tab Labs</keyword> in more than 100 <keyword id="37181" type="ORGANIZATION" weightage="100" keywordseo="colleges">colleges</keyword> that will get special tablets with <keyword id="1975036" type="UNKNOWN" weightage="100" keywordseo="Pre-loaded-commerce-data">pre-loaded commerce data</keyword>. 
 
<keyword id="1309724" type="UNKNOWN" weightage="100" keywordseo="Simplilearn">Simplilearn</keyword>: Bangalore-based <keyword id="1974963" type="UNKNOWN" weightage="100" keywordseo="Simplilearn-Solutions">Simplilearn Solutions</keyword> (www.Simplilearn.com), a company offering <keyword id="1309739" type="UNKNOWN" weightage="100" keywordseo="professional-certification-courses">professional certification courses</keyword> online, secured $10 million in <keyword id="1095983" type="UNKNOWN" weightage="100" keywordseo="Series-B-funding">Series B funding</keyword> from <keyword id="309606" type="ORGANIZATION" weightage="80" keywordseo="Helion-Venture-Partners">Helion Venture Partners</keyword> and existing investor <keyword id="1397792" type="UNKNOWN" weightage="80" keywordseo="Kalaari-Capital">Kalaari Capital</keyword>.

Another Education Start-up From India Gets Seed
Round From Pearson Affordable Learning Fund

New Delhi, Jun 11 () Gurugram-based Jimmy's Cocktails, a cocktail mixer startup, on Thursday said it has raised USD 350,000 (around Rs 2.65 crore) in seed funding and plans to use the funds to broaden its product offerings and expand distribution footprint. The funding round was led by Ekcle Ventures. Vidur Talwar, Chairman T&amp;T Motors and Angad Bhatia CEO Indiatimes Lifestyle Network, Times Internet, were among those who participated in the fund raising round, the non-alcoholic cocktail start-up said in a release. Anirudh Somani, one of the investors associated with Ekcle Ventures, is joining the company board following the funding round. Launched in September 2019, the brand was available at 200 retail touchpoints in Delhi/NCR prior to lockdown in the wake of the COVID-19 pandemic. "Given the situation, the founders fast-tracked and launched direct to consumer sales from their own website," it said. Ankur Bhatia, Founder and CEO of Jimmy's Cocktails said the company plans to use the funding to expand distribution, hire talent and on new product development. "Jimmy's is in a unique space at a unique time. We found the business interesting as they have a first-mover advantage and are being guided by experienced industry hands. To add to this, home parties and DIY cocktails are now likely to become more of a necessity than a desire," Somani said. NKD MR

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