Tech-based Mentorship Platform MentorKart® raises USD 250K LetsVenture & Ashish Vidyarthi Join this round
Leading Tech-based Mentorship patented platform MentorKart announced that in its extended round of funding, it has raised funds from LetsVenture and senior actor & motivational speaker Ashish Vidyarthi taking total funds raised till date to USD 250K.
MentorKart will utilise the funds for its go-to Market plans, enhancing its platform, strengthening tech capabilities, building new products and expanding teams across tech, product, and marketing.
Test Prep Startup Toppersnotes raises $1mn in a seed funding round
Test Prep Startup Toppersnotes raises $1mn in a Seed round led by Inflection Point Ventures. The round also saw participation from LetsVenture, PlanB Capital, Pulkit Agrawal (CEO – Trell), Ashish Sharma, (MD – Innoven Capital) and other notable angels.
Magenta to infuse ₹250 crore in Tamil Nadu for EV unit
Magenta will invest close to ₹250 crores and set up a manufacturing unit focused on the design, product development and architecture standards for EV technologies in the e-mobility space. The investment will be mainly for the R&D, manufacturing technologies and a broader set of choices in the e-mobility segment. It signed a Memorandum of Understanding (MoU) with the State Government of Tamil Nadu to invest in building the EV charging infrastructure in the state.
Seed funded by HPCL in 2018 & incubated by Shell in 2019, Magenta is also backed by the Microsoft Startup Program further to strengthen its advanced technology platform for Electric Mobility. In 2020, Magenta had raised pre-series funding from JAN (JITO Angel Network) and LetsVenture. In May 2021, Magenta announced that it had closed its Series A funding by renowned Indian American philanthropist, billionaire, and serial entrepreneur, Dr Kiran Patel.
To read key news and updates from last week on angel investing & startups from LetsVenture, visit: https://blog.letsventure.com/lv-news/letsventure-in-the-news15-21-nov/