The team has already furnished close to 200 rooms in the last 6 months and is confident of generating a Rs. 5 crore committed revenue in a couple of months from now.
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EduAce Services is North-Central India’s leading education services company working with Schools & Students on their Co-Scholastic learning needs. Having its operations in the states of Uttar Pradesh, Uttarakhand & Madhya Pradesh.
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Solair’s IoT customization and deployment solutions, built on Microsoft’s Azure cloud platform, are engineered to help businesses in any industry utilize IoT to run more efficiently and profitably.
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At Snapdeal, TargetingMantra’s team will further the on-going initiative to build the ‘customer experience engine’ which will personalise shopping experiences for customers.
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The two companies together raised Rs. 14.1 million and plans to raise further capital on GREX platform soon.
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Funds raised will be utilized towards customer acquisition via unique content, building a scalable technology platform and working towards creating a strong community of road trippers.
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The funding was led by entities advised and managed by Nirvana Venture Advisors, along with existing investors including IDG Ventures, Inventus Capital, and Indian Angel Network. This is slated to help the startup grow faster, and scale the product to dominate the online retail market globally.
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The current round of funding will be utilized to further expand to other key cities, add to the existing technology and hire new talents
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