Online education firm Meritnation today said it has raised an additional funding of Rs 25 crore from Info Edge (India).
Info Edge, which runs portals like naukri.Com, jeevansaathi and 99acres.Com, has invested close to Rs 96.5 crore across various funding rounds in Meritnation.Com.
Meritnation.Com will use the funds to ramp up technology operations. "We will also make significant investments in hiring IITian teachers and expanding our world class broadcasting studios," Meritnation.Com founder and CEO Pavan Chauhan said.
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Truebil raises funding from Kae Capital, angel investor * Truebil, a Mumbai-based startup that offers curated virtual marketplace for pre-owned cars, has raised USD 500,000 in its first round of funding from Kae Capital and angel investor Anupam Mittal (founder and CEO of People Group).
The investment will be used for developing technology to enhance the end-user experience and further expand to other cities in the country.
Incepted in March this year, Truebil aims to make pre-owned vehicle buying and selling experience simpler and transparent.
"With Truebil's unique model, we are confident of bringing about a revolution in the used car market in the country and making the buying process a gratifying experience for the consumers," Truebil co-founder and Chief of Marketing and Growth Shubh Bansal said.
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Taxiforsure founder invests in Vyomo
* Taxiforsure co-founder Aprameya Radhakrishna has made a seed investment in mobile beauty and wellness platform, Vyomo.
Details of the investment were not disclosed.
Cricketer Yuvraj Singh is already an existing investor in Vyomo through Youwecan VC.
"The beauty and wellness industry is a large market, ripe for disruption. I decided to invest in Vyomo based on the extremely focused and effective core team, led by Abhinav Khare and Poonam Marwah," Radhakrishna said.
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Shalimar Paints appoints Surendra Bhatia as new COO * Shalimar Paints has announced that the chief executive and managing director Sameer Nagpal resigned with effect on May 30.
The Board of the company has decided to appoint Surendra Bhatia as chief operating officer (COO) and Chief Financial Officer (CFO) with immediate effect, it said in a statement.
"Henceforth, Bhatia will head the overall operations including sales and marketing of the company and be responsible for steering the growth of the organisation," it said.
