*Mycaptain raises $3 mn from Ankur Capital, others Mumbai, Jan 18 (PTI) Online mentoring startup Mycaptain has raised USD 3 million (about Rs 22.3 crore) in funding led by Ankur Capital.
The pre-series A round also saw participation from Inflection Point Ventures, Firstport Ventures, IIM Calcutta Angels Network, Singapore Angel Investors and other super angels.
The Bengaluru-based edutech platform said it will use the money to further scale up course offerings, acquire more users, and grow the team.
Mycaptain was co-founded by Mohammed Zeeshan, Sameer Ramesh and Ruhan Naqash.It is a platform where students can learn directly from young professionals, discover new career options and build practical skills through courses which range from content writing, social media management, fashion design, entrepreneurship and even advertising.
*** *T-hub bags Rs 5 cr from Startup India Seed Fund T-Hub, a pioneer in the innovation ecosystem, has been selected under the Startup India Seed Fund scheme to disburse Rs 5 crore among eligible startups with an objective to support and fuel early stage funding.
T-hub, which aims to provide value-driven and effective growth to startups, said the fund will be disbursed to the eligible startups through debt or convertible debentures instruments. The fund will also be utilized to provide financial assistance to startups for proof of concept, prototype development, product trials, market-entry, and commercialisation.
The seed fund allocated to T-Hub is sector agnostic and will focus on supporting technology startups and innovations which are viable for early growth.
*** *Pre-owned cars platform Carzso raises Rs 5 cr from Mytash, others Carzso.com, a virtual pre-owned cars showroom, has raised Rs 5 crore from a group of marquee investors led by Mytash, which is an Indian investment arm of US early-stage investment fund.
Vaibhav Sharma, founder & CEO, said the platform is built in the metaverse space founded in 2019.
*** *JK Paper commences commercial production at new packaging board line JK Paper Ltd on Tuesday said it has started commercial production at its new packaging board line at Unit – CPM (Central Pulp Mills) in Gujarat.
The new line will add 1.7 lakh TPA (tonnes per annum) capacity of virgin fibre board, taking the company’s total capacity of packaging board to 3 lakh TPA, JK Paper said in a statement.
With this, the company’s consolidated paper and board capacity will reach 7.61 lakh TPA, including the capacity of its subsidiary, Sirpur Paper Mills, it added.
The new state-of-the-art packaging board line with cutting edge technology has come up at a capital cost of nearly Rs 2,000 crore, JK Paper said.
“The plant will enable the company to produce world class value added products and offer sustainable and eco-friendly packaging solutions covering various sectors like pharmaceuticals, food products and services, apparels, FMCG, personal products etc,” it added. PTI BEN RKL RUJ RUJ
