Language learning Platform Multibhashi raises undisclosed amount of funding from Inflection Point Ventures- Tempemail – Blog – 10 minute

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Inflection Point Ventures (IPV) has invested an undisclosed amount in the Bangalore-based language learning start-up Multibhashi. Mukul Agarwal, Param Capital and Anurag Goel, Cactus Communication have also participated in this round. The Multibhashi app has both audio-visual courses and quizzes to learn English from local languages and vice versa. Founded in 2017, Multibhashi is driven by learning outcomes and has courses that are designed based on learners’ job roles which facilitate effective learning.
Also backed by Japan’s RareJob & angel investor Dr. Aniruddha Malpani, Multibhashi has about 1.6 million users currently and intends to utilize funds raised from Inflection Point Ventures for building new tech features, expanding the team and on marketing to scale the product. Anuradha Agarwal, the founder of the start-up said, “The company aims to become a go-to player for anyone trying to learn English. It also plans to expand to other languages of India and its neighbouring countries.” The idea of Multibhashi to Anuradha emerged when she was helping women in her hometown learn English and it later took shape as a full-fledged product.
Venkatesh Bhat, an IPV investor said, “The start-up is focused on solving a layered problem with a scalable solution. I liked the reliance on repeatable revenue, the team composition and focus on execution.” Further, upon being asked about experience with IPV, Venkatesh said, “Inflection Point Ventures is fast emerging as an important funding and mentoring platform for start-ups with unique business proposition and going through early stage growth.” Inflection Point Ventures is an initiative of accomplished CXOs & angel investors who come with a rich experience in the start-up ecosystem. Formed with the belief that ‘Everyone can grow with Startups’ IPV investor members play an active role in the growth of its portfolio companies.
In 2016, the Language Training Market in India was estimated at USD 1.3Bn. Additionally, between mother tongue, second and third language, the 2011 census recorded that only ~10% of Indians reported were being able to speak some English. Multibhashi seeks to fill this gap with its unique focus on driving real learning outcomes using AI & ML through a combination of in-app activity and intervention from its human tutors. It has also been selected by accelerators like FB Start, Axilor, Gray Matters Capital, AWS Edustart and Google Launchpad and was one of the 10 Finalists shortlisted by WhatsApp for a grant challenge in 2019.
Inflection Point Ventures was founded in 2017 by a group of accomplished CXOs and investors who come with a rich experience in the start-up ecosystem. Formed with the belief that “Everyone can grow with startups”, IPV investor members play an active role in the growth of its portfolio companies.

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Nexus Backed Hasura Raises $9.9mn In Series A Funding- Tempemail – Blog – 10 minute

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Hasura, the San Francisco and Bangalore-based company providing data access and data flow tools and services via GraphQL APIs announced today that it has raised $9.9 million in Series A funding led by Vertex Ventures US. The round also saw participation from SAP.iO Fund, the early-stage venture arm of SAP, existing investors Nexus Venture Partners and Strive VC. Several angels also participated, including James Tamplin (founder of Firebase), Sam Lambert (VP of Infrastructure Engineering at GitHub), Amod Malvia (co-founder of Udaan, ex CTO Flipkart), and Michael Stoppelman (ex-SVP of Engineering at Yelp). 
GraphQL has emerged as an API solution to accelerate product and data delivery and is beloved by API consumers and application developers. Hasura automatically generates a real-time GraphQL API using declarative metadata configuration and authorization policies that gives consumers instant use. Hasura’s event engine makes it easy to integrate cloud-native/serverless business logic to the GraphQL API. This allows organizations and teams to use GraphQL in production and mission-critical applications (alongside existing and modern cloud-native infrastructure) without the significant cost of building and maintaining a GraphQL server. 
Building GraphQL APIs in enterprise (where a majority of use-cases are platform-centric and data-centric) has been challenging. It creates complexity for engineers who struggle to keep databases from being swamped by malformed queries which can cause outages and delays, not to mention security/privacy concerns.  
Hasura’s technology can process GraphQL queries and efficiently map them into queries to multiple underlying systems (like SQL databases, REST APIs, etc). This approach allows Hasura to perform user-given transformations, apply security policies and implement caching requirements in an efficient and scalable way that is cloud-native. Front end engineers, often the consumers of a GraphQL API, truly feel the power of ‘serverless’ design with GraphQL+Hasura. Hasura’s enterprise product also adds GraphQL API management and governance features, including monitoring, traffic management, and testing, and integrations for SSO and APM vendors. 
Stoplight, an API Design Management Platform, moved their boilerplate GraphQL and authorization into Hasura from their own GraphQL server. “Hasura has significantly reduced the time our engineers spend writing boilerplate GraphQL code. However, what really drove adoption of Hasura at Stoplight is the powerful and flexible permissions system it provides out of the box, and how easy it is to incrementally introduce to an existing tech stack,” said Marc MacLeod, Founder & CEO at Stoplight. 

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Online Content Marketplace Platform Pepper raises Rs. 2.2 Crores from Snapdeal Founders’ Titan Capital, YourStory and other Marquee Investors- Tempemail – Blog – 10 minute

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Emerging from a dorm room in BITS Pilani, the founders who are yet to graduate, have been able to aggregate over 1.75 crores of revenues and have a network of over 25,000+ content creators.
Content marketplace platform Pepper recently revealed that it has raised INR 2.2 Crores as part of its seed round led by Kunal Bahl and Rohit Bansal backed Titan Capital. Other marquee investors who participated in this round include YourStory, Padma Shri Dr Saurabh Srivastava (Co-founder of IAN and NASSCOM), Amit Ranjan (Co-founder, Slideshare), Alok Mittal (Co-founder & CEO, Indifi and former Jobs Ahead founder), Sidharth Rao (Chairman, Dentsu Webchutney), Ritesh Malik (Co-founder & CEO, Innov8), Sanjay Tripathy (Former CMO, HDFC Life and CEO, Agilio Labs), Manan Maheshwari (Co-founder, WYSH) and Hemanshu Jain (Co-founder, Diabeto).
With the infusion of new funds, Pepper is looking to expand its team in Mumbai and focus on product and its technology platform that will enable content creation ‘on-demand’. Founded in November 2017 by then second-year BITS Pilani students, Anirudh Singla and Rishabh Shekhar, the Mumbai-based startup aims to be India’s largest content marketplace platform and plan to make content creation, right from strategy to execution, accessible through an on-demand virtual workforce at any scale, vertical, and language.
Speaking about the platform, Anirudh Singla, CEO of Pepper, said. “With Passion Economy as a growing trend, it is important that you are able to enterprise your creators and help them grow. Through Pepper’s technology platform, it will not only be able to scale content creation to the tunes of hundreds of thousands of content pieces but also be able to create a framework that allows virtual collaboration of creators through tools on the platform. We are building the future of work for content!”
Anirudh also added that Pepper is now also expanding into graphics as a vertical and are launching a first-of-its-kind ‘content-as-eCommerce’ model which brands itself as the fastest content experience ever. Brands, SMEs and individuals can now order content in custom formats and get automated deliveries in available content genres, verticals and languages.
Pepper is currently working with Swiggy, InfoEdge, Urban Company, BookMyShow, Times Internet, India Today Group, Digit, Businessworld, Zivame, Bharat Matrimony, Simplilearn and 250+ other brands. Pepper aims to target over 1000 businesses and 200,000+ content creators over the next 18 months across domains and create an ecosystem for creators across graphic, voice and video. Pepper is actively looking to hire talent in tech and product.
Alok Mittal (Co-founder & CEO, Indifi) who invested said, “Pepper got my attention as soon as it was pitched to me. But what made me convinced were the founders, who at such an early age have made it into something formidable. They have been able to crack a lot of things, unit economics being one and I believe that is the best start anyone can have for their company.”
Amit Ranjan (Co-founder, Slideshare) who also invested also added that, “Pepper is building out an innovative digital content marketplace catering to the needs of Indian corporates, SMEs & startups. Started by a bunch of enterprising students from their college hostels, it is aggregating, organising and standardising the supply side of content to meet the ever burgeoning and diverse demand from industry. In a short timeframe, Pepper has notched up an impressive revenue run rate, is building relevant editorial tools and looks poised to scale up their business model. I’m happy to participate in their seed funding round and help Anirudh and his team in this journey!”
Pepper has been a part of Tech 30 at TechSparks 2019 hosted by YourStory and a Finalist at the Lufthansa Startup Expo by TiE Delhi NCR.
Pepper is India’s fastest growing content marketplace platform that assists businesses with end-to-end content creation. It aims to build a global ecosystem for content creators across text, graphic, voice and video. With a growing network of 25,000+ creators and 250+ customers, Pepper is a 14-member team based out of Mumbai.

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Udemy Raises $50 Million From Benesse Holdings; Valuation Stands At $2 Billion- Tempemail – Blog – 10 minute

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Online learning platform Udemy raises a fresh round of $50 million funding from its long time investor based in Japan, Benesse Holdings. The company’s valuation stands at $2 billion and it plans to expand to more markets. 
The funds will be used for developing a base in markets across the world and also expand its headquarters in San Francisco. Denver, Dublin, Colorado, Gurgaon, Sao Paulo, Brazil, and Ankara are some places it is looking at to set up and grow offices. 
CEO of Udemy, Gregg Coccari said in a statement that the company is on a mission to improve lives through learning, and so is Benesse. They believe that 2020 will be a milestone year where they will serve millions of more students and enable thousands of businesses and governments to upskill their employees. For this growth to be possible, they need their expert instructors and partner to be with them at every step to build business. 
The San Francisco headquartered company believes that 57,000 expert instructors on their portal are helping millions of students learn new skills and their diverse range of courses adds to this. A year back, Udemy’s saw growth in its subscriptions by expanding internationally and offering courses in Japanese, Spanish, Portuguese and German languages as well. They did this while keeping their product local and also the experts on it. 
The learning platform has above 5000 customers globally which include Adidas, Booking.com, Toyota, and Wipro. 

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Unacademy Raises New Funds; Valuation Raised To $510 Million- Tempemail – Blog – 10 minute

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Edtech startup Unacademy has raised $110 million from Facebook, and US private equity firm General Atlantic. This places Unacademy’s valuation to $510 million. 
Investors like Sequoia Capital, Nexus Venture Partners, Steadview Capital, and Blume Ventures also participated in the round. This was apart from investments by Flipkart CEO Kalyan Krishnamurthy and Udaan co-founder Sujeet Kumar.
Edtech startup Unacademy usually focusses on preparing students for competitive exams. They are likely to utilise the money to increase the number of competitive exams, and also bring top educators onto its platform, by improving the quality of content.
Reports say that Unacademy has over 90,000 active subscribers, who log in to be tutored through livestream by 10,000 educators on its platform. Unacademy also hosts video tutorials on YouTube, where as per them, it receives more than 150 million monthly views, and also acts as a funnel in bringing learners onto its platform.
Experts have said that around 70 percent traffic comes from tier 2 and tier 3 cities, especially because there is a lack of access of top educators. As of now, Unacademy has its content catering to 32 competitive exams. 
With this investment, Unacademy becomes one of the most highly valued ed-tech startups in India. This was especially after ed-tech giant Byju’s was valued at $8.2 billion. Mark Zuckerberg’s foundation has also invested in Byju’s. 

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‘fleetx’ – An AI Startup Raises Pre-Series A Funding- Tempemail – Blog – 10 minute

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Gurugram-based AI-driven logistics platform, fleetx.io has recently raised an undisclosed round Pre-Series A funding from India Quotient and Let’s Venture Angel Fund. The funding round had seen participation from angel investors like Ajay Prabhu, Prashanth Susarla, Sajid Rahman and Aditya Pratap Singh.
fleetx was launched in 2017, by Vineet Sharma, Abhay Jeet Gupta, Udbhav Rai, Parveen Kataria, and Vishal Misra. The firm offers a suite of software-based products that would help fleets of all sizes to monitor and optimise their daily logistics operations. The startup uses AI and predictive analysis, in order to help them improve their services efficiently, and cost-effectively.
The startup is looking forward to use the fresh funds towards products and tech enhancements, and also drive expansion in cities like Bengaluru, Kolkata, Gujrat, and Mumbai. The present strength of the startup is around 30. Previously, fleetx had raised an undisclosed amount of angel funding in January this year.
How is India Faring?
Earlier in 2017, India was ranked second on the Emerging Markets Logistics Index. The startups operating out of this genre have always adopted new-age technologies, that had brought in cloud-based GPS tracking systems, radio-based frequency identifying software, to cater to the needs of logistics. 
Other startups like GreyOrange, have been using AI-based robotic systems that can automate routine logistics tasks at warehouses and fulfillment centers of large e-commerce and retail firms. 
Also, Bengaluru based LetsTransport had raised around $14.2 million in Series B funding from Bertelsmann India Investments, Fosun International, and other investors. There are other similar technologies like BlackBuck, Delhivery, Rivigo, thus catering to e-commerce logistics, freight, and last-mile delivery services.

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Ad Startup ‘Adnomo’ Raises $3 Mn From Ant Financial- Tempemail – Blog – 10 minute

Media tech startup Adonmo, that claims to be India’s first contextually targeted digital out-of-home (OOH) advertising firm, has raised funding. The ad firm has raised an amount of USD 3 million in the pre-series round of funding from Alibaba and others.
The funding round was led by Alibaba’s holding firm Ant Financial run Bace Capital, and others like Astrac Ventures and Mumbai Angels Network, as per a statement from the company. Adnomo would use the funds in expanding its operations, to acquire talent, and also accelerate product development. 
Adnomo was founded in the year 2017 by Sandeep Bommireddi and Sravanth Gajula. The company also helps advertisers reach their target audience at scale, with efficiency and effectiveness. Some of its major clients include Amazon, Honda, Exide, HDFC Bank, Ikea, Reliance Digital.
Earlier, Bace Capital has already invested in startups like Paytm, Zomato, Bigbasket, Rapido, Healofy, Qyuki, Roomme, and others. VC firm Bace Capital normally invests in early-stage companies in emerging economies, that are primarily focussing on India and Southeast Asia. 
Bace Capital is an affiliate of Alibaba and fintech giant Ant Financial. It is speculated that through Bace’s investment, they are planning to deploy more than 60 percent of the USD 150 million India-Southeast Asia corpus in the early-stage companies in India. 
The Indian startup ecosystem has been thriving of late, and with more and more funding happening here, the market is going to get more bullish. However, specific efforts and endeavours have to be taken towards the development of Tier 2 and Tier 3 cities, of India, which is where real development would actually come from. Unless development is equitably distributed among different parts of the country, there are little chances that there would be all-round development of a country, more specifically an economy. Hope things turn out the same way soon. 

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Samsung Thailand raises awareness of endangered animals with SanctuARy experience- Tempemail – Blog – 10 minute

Samsung is on a mission to raise awareness of Thailand’s most endangered animals, having launched a unique AR experience entitled Samsung SanctuARy.
Working alongside WeAreSocial Australia, Samsung’s augmented reality project warns of the endangerment of Thailand’s rarest species. 16 of Thailand’s top creators came together to create 10 artistic representations of native endangered animals, using the AR Doodle feature on the Galaxy Note10.
From 14-year-old up-and-coming talents to established artists, the work was accessible through Facebook Messenger’s AR capabilities.
Launched in Thailand’s urban jungle of Bangkok, on the rooftop garden of Samyan Mitrtown, visitors are prompted to scan a code to access the AR experience via a Messenger bot. The AR lens then puts the endangered animals in the users’ hand, encouraging them to stand up and take action to raise awareness of the plight of these species, and spread the word on social media.
“Collaboration was crucial in bringing our project to life, and not just amongst the artists featured in it,” says Edu Pou, executive creative director, We Are Social.
“Our team at We Are Social Sydney worked very closely with Samsung Global and Samsung Thailand, Facebook, and the tech wizards at Resn, to lift the work to greater heights.”
SanctuARy visitors will also be able to unlock a disappearing face filter designed to emphasize and further dramatise how these animals are slowly fading from the planet. Users will pick the animal they want to embody and after a few seconds, the filter disappears.

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Video Startup Mogi Raises Funding- Tempemail – Blog – 10 minute

While online video consumption is exploding, with almost 80% of the data consumed on internet being video, the video platforms are facing multiple challenges. Mogi is a video delivery SaaS platform that intends to address these issues with its breakthrough technology.
Within 2 months of launch, the company has bagged 2 prestigious customers and is doing pilots with a number of high profile customers in edtech, e com, and news and content sectors. It has also attracted an investment of $150 K from a Global Angel investor. Mogi will invest these funds in building world-class technology in the rapidly evolving video delivery market across the world. It also has plans into tap into the US and European markets besides continuing its focus on India which is the second-highest per capita video consuming market today.
Commenting on the announcement, Vikrant Khanna, Co-founder and CEO of Mogi said “Global video content demand is exceeding CDN capacity, the issue becomes especially acute during high peak traffic hours. This leads to poor consumer experience in terms of buffering & latency. Mogi’s breakthrough technology leverages a multi-layered architecture comprising conventional CDNs and private & dynamic nodes. Mogi Streaming Engine ensures that data is routed via the best performing & most cost-effective route, intelligently switching between the nodes. This delivers high performance, no buffering video viewing experience to the consumers. No other video delivery technology has the ability to scale up in real-time like this”.
Rahul Lahoria, Co-founder and CTO further added. “Serving videos today is a complex operation. There are multiple moving parts, from transcoding (compression) to managing Content Distribution Networks (CDNs) for transferring & caching, video player integration & Video Analytics. Besides the complexity, the cost of managing the above operation turns out to be very high. Mogi not only manages the entire video operation end to end for the video platform but also leverages its next-generation technology to deliver it at a 50% saving to the video platform”.
The global video transfer market is estimated to be $20 Bn and is growing at 33% CAGR. Almost all digital platforms are moving towards video content starting from Media & Entertainment, Ed Tech, Social Platforms, e com, Ad Tech to video commerce to name a few.

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