Learnpedia.in- Digitalized Content Provider For Engineering Test Preparations Secures Angel Investments from Ixora Ventures

learnpedia and ixoraLearnpedia, the Hyderabad based digitalized content provider for engineering test preparations has secured an undisclosed sum of investment from Ixora Ventures and a consortium of prominent angel investors.

Learnpedia, founded in 2012 by serial entrepreneur Krishna Rao Akula, aims at narrowing the learning gap faced by students by providing high quality learning aids and test analytics across digital platforms: DVD and on branded tablets. Its flagship product, JEE Studymate, launched last year, has received praise from students and teachers alike.

“With the creation of a common national test for admission into engineering colleges across the country, it is estimated that over 2.8million students would require Learnpedia’s services. We aim to use the funds to improve content and add additional products to our offerings portfolio”, says Krishna Rao Akula

“Quality of content, strength in distribution, aggressive expansion plans and capabilities of the management team: Learnpedia has all the key ingredients to succeed in the unstructured test prep market in India” stated Nikhil Mulchandani, Partner at Ixora Ventures.

At present, Learnpedia employs a team of over 35 full-time professionals, including IIT alumni, and has partnered with over 70 teachers and student wizards who are on hand to respond to users’ questions and queries submitted within 24 hours. The company has already secured over 3,500 orders and is foreseeing an accelerated demand for its product as the year progresses.

 Learnpedia aims to utilize the funds raised towards improving content, ramping up sales activities as well as adding new products to their current portfolio.

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Mswipe Raises Funding From US-Based Matrix Partners

mswipe-logoMobile Point of Sales (PoS) company Mswipe has received its first round of investment from US-based venture capital fund, Matrix Partners. Mswipe enables merchants to accept debit and credit card payments using their mobile phones.

Manish Patel, Founder and Managing Director, Mswipe said,”Mswipe enables small and mid-sized merchants to accept regular credit and debit cards on their mobile phones with the same security and speed as conventional POS terminals at a very affordable price point and competitive card interchange fees. Other than conventional brick and mortar stores, Mswipe’s solution enables card acceptance by insurance agents, home delivery services providers etc. Merchants have access to their transaction records on their mobile phones as well as a host of online reports.”

MSwipe has applications for Java, Android and iOS devices, and its device plugs into a mobile phones audio jack to enable payments. It claims to have POS terminal deployments with 4000 merchants, in over 200 cities and towns across India.

mswipe

Mswipe has partnered with Prizm Payment Solutions and Axis Bank to provide merchants a comprehensive card acceptance service. It currently employs 40 people and has a pan-India direct sales agent network to provide after sales support to its customers.

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Tata Elxsi Launched incub@TE, For An Incubation Centre Program

incubateRecently, Tata Elxsi launched incub@TE, an incubation centre program to nurture and support aspiring entrepreneurs. The initiative is designed to create the next wave of product and service oriented technology start-ups in the areas of mobile, social, local, enterprise, cloud and embedded applications. Candidates can apply by registering online.

Commenting on the launch of incub@TE, Mr. Rajesh Kumar, Vice President, Strategic Initiatives, Tata Elxsi said,”This platform will enable start-ups and aspiring entrepreneurs to convert their innovative ideas into commercially viable products and services, It will also help entrepreneurs associated with the program gain better market visibility, acceptance and credibility.”

Tata Elxsi is a design company that blends technology, creativity and engineering to help customers transform ideas into world-class products and solutions.

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Naya Ventures Launches New 250 Crore Rupees Fund Focusing On The Mobile And Cloud Markets

Naya Ventures, a new type of venture capital fund specializing in early stage companies in the mobile and cloud markets, has announced its first closing for its 250 Crore Rupees ($50 million) fund.

Combining the features of a venture capital fund with those of a private equity firm, Naya not only provides capital to early stage companies, but also the industry experience and relationships at the concept stage in their development to help jumpstart their growth to the next level and beyond. Naya helps connect entrepreneurs with the necessary key players in big companies, from internal product marketing and development all the way up to C-level executives, leveraging its own extensive operational experience, product development expertise and network of strategic relationships to help entrepreneursgrow their companies and accelerate value creation.

Naya Ventures is led by serial entrepreneurs who are veterans in mobile and cloud technology industryand who have collectively founded and sold mobile technology companies creating more than 2500 Crore Rupees ($500 million) in shareholder value.

The fund is headed by Dayakar Puskoor, a wireless industry visionary and former Microsoft executive whose background includes founder and CEO of JP Mobile and M2 Junction; Prabakar Reddy, an experienced global executive with more than 20 years of strategy and operational roles in Fortune 500 and innovative start-up companies including co-founder and CIO of Risemartand managing director of ANSR Group, and Gowri Shankar, CEO of SinglePoint Technologies and a founding member of the Sprint PCS launch team, which laid the foundation for Sprint PCS’s industry-leading enterprise sales strategy.

In operation since 2011, Naya’s current portfolio consists of seven companies in the mobile and cloud market. These include BoxFish (formerly Mixaroo), a better way to control TV, Zoomingo, a top rated shopping app platform that lets consumers find the best deals in their local stores or online from their smartphone or home computer; and Glympse, a mobile service that allows GPS-enabled mobile devices to share their location via a web app for a pre-set amount of time. Additional companies are currently in the pipeline or under evaluation.

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