[Funding roundup] Kreedo, Bhatia Labs, Airattix, PayCardo raise early stage capital

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[Funding roundup] Kreedo, Bhatia Labs, Airattix, PayCardo raise early stage capital


Edtech startup Kreedo raises $2.3M in pre-Series A round

Edtech startup Kreedo has raised $2.3 million in a pre-Series A round led by Switzerland-based UBS Optimus Foundation, Spectrum Impact, Gray Matters Capital and 1Crowd, with participation from Innospark Ventures, IIM-CAN and The Chennai Angels.

The startup will use the fresh capital to accelerate Kreedo’s next phase of growth and expansion, the startup said.

Founded in 2012 by husband-wife duo Mridula Sridhar and VK Manikandan, alumni of IIM-C, Kreedo aims to transform the way early learning is delivered in budget private schools and preschools through its 6T Learning Framework.

Bhatia Labs raises Rs 3.2 crore in seed round

Bhatia Labs, the parent company of a suite of subscription-based brands – Banaa, Designoye and Serverfellows – has raised over Rs 3.2 crore in a seed round led by Eureeca Holdings.

The startup will use the new capital to develop products, cloud infrastructure and build a global distribution ecosystem for Banaa.com, the company said. Launched in January 2019, Banaa.com offers a suite of code-free and subscription-based products and services.

The latest infusion of capital comes shortly after the company raised Rs 1.8 crore in 2021 through an equity crowdfunding.

Dushyant Bhatia, Founder, Bhatia Labs

Public storage marketplace Airattix raises Rs 1.25 crore

Airattix, a Pune-based first-of-its-kind warehouse and parking marketplace, has raised Rs 1.25 crore in its pre-Series A round led by a group of Indian and US investors.

The startup plans to use the funds to expand its presence in tier-I and tier-II cities in India, team building, technology development and marketing.

Founded in 2020, Airattix hosts a marketplace where people can list and rent private free storage spaces and free parking spaces for goods storage and car parking, respectively.

Airattix is ​​fully operational in Pune and has been able to expand its operations in metro cities like Pune, Delhi, Mumbai, Chennai, Hyderabad and Bengaluru.

PayCardo raises seed round from Singapore-based MaGEHold

Pune-based startup PayCardo has raised an undisclosed amount of funding in a follow-on seed round from Singapore-based investment firm MaGEHold.

This initial investment will be used mainly to fulfill commitments for pilot projects. A major share of the funding will be used to expand the team across verticals to support pilot engagements and build the necessary infrastructure to scale the PayCardo platform.

Founded in January 2021, payment technology startup PayCardo is developing a contactless, cashless and secure digital payment solution for everyday intra-city bus commuters in India.


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