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Startup Street: Vedantu's fundraising, True Balance’s plans for rural India in the spotlight

Updated : February 13, 2020 08:17 PM IST

Online tutoring platform Vedantu has raised $24 million as a part of its third round of fundraising. It was led by GGV Capital with participation from existing investors. In August last year, the company had raised funds worth $42 million making a total of $66 million. Speaking to CNBC-TV18, Co-founder & CEO of Vedantu Vamsi Krishna discussed the company's future course of action.

True Balance is a Gurugram and Korea-based fintech app operated by Balance Hero Co. Launched in 2014, the company raised $23 million in its third round of funding in October last year from a clutch of Korean investors. Having raised a total of $67 million from various investors including Softbank Ventures Asia, True Balance has big plans for India’s large unbanked population. To talk more about the company, Megha Vishwanath is joined by the founder and CEO, Charlie Lee.

Early-stage tech venture capital fund Parampara Capital's co-founders have launched their second fund called Inflexor Technology Fund. It is a sector-agnostic fund and aims to raise $100 million. Jatin Desai, the Managing Partner at Inflexor Ventures, spoke to CNBC-TV18's Shruti Mishra about the new venture.
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