Here is an update of all the ongoings in the startup world from the second week of May.
Ed-Tech Startup Toppr raised $2.3M in its third round of funding. The investment is the third one for venture capital firm Alteria.
Healthcare Startup Innovaccer raised $25M in its series B round of funding. This funding round led by Westbridge Capital brings the healthcare data analytics firm’s total funding to $41M.
Fintech startup BigWin Infotech will be launching its P2P lending platform www.paisadukan.com soon. This announcement came after the firm received its license from the RBI this week.
Electric Vehicle Startup Tork Motors got a funding of $66,000 from co-founders of cab-hailing giant Ola Bhavish Aggarwal and Ankit Bhati. The Pune-based firm which has raised around $ $660,000 so far, intends to put around 10,000 units of its electric motor-bikes on Indian streets by 2021.
Automotive Manufacturer, Mahindra has plans on investing $1M in IoT startup Carsense. The Mumbai-based startup which produces connected IoT devices for cars will be offering a 23% stake in stocks to Mahindra for its investment.
Google acquired Israel-based cloud migration startup Velostrata for an undisclosed amount which is estimated to range anywhere between $100M to $200.
Kochi-based iB Hubs will be kicking off the second edition of Startup School, a program for student entrepreneurs next week. The four-week program will teach students various aspects of starting a business and promoting it.
San Francisco-based AI company ThoughtSpot raised $145M in a fresh round of funding. This funding estimates the value of the company at around $950.