Thursday, 4 June 2020

MA Network Portfolio Company WitBlox launches a Robotics Learning App



 
MA Network Portfolio Company WitBlox launches a
Robotics Learning App

WitBlox, an ed-tech startup by IIT Bombay Alumni working in the STEM Education Space has launched a Robotics Learning App on the lines of Tik Tok, though strictly for educational purposes which has Video Tutorials on “How to Build Robots”, Drones, DIY tech based projects along with a shop option to buy the components and materials required to build  the same. Recently, Witblox raised funding of INR 1.3 Cr from Mumbai Angels Network. The startup was earlier incubated with Neotech, an incubator and accelerator from Ambuja Neotia.

The STEM toy market of India is estimated at $500 million in 2020. Indian Government is promoting Tinkering in a big way by creating Atal Tinkering Labs in over 5000 schools across the country. Buying tinkering materials and components from the market has always been a challenging task for Tinkerers and parents. This challenge is magnified in a post Covid world and they are dependent on e-commerce for ordering parts and tinkering materials.

“We have a large community of Makers and Tinkerers of over 20,000 who regularly use WitBlox Kits and materials to build cool Robots and Projects. We have simplified electronics by creating modular WitBlox Kits so that even 10 year old children can tinker and build Robots and circuits. WitBlox Kits are ranked No. 1 in the Robotics Kit section by Amazon India. Tinkerers all over India are using our app to learn and build robots, drones and order parts and components to build them.

We felt the need for a platform where Makers and Tinkerers could showcase their ideas, creations and inventions, learn from each other’s work and stay connected. We also wanted to reward our Makers and Tinkerers so that they would take up bigger challenges and projects to upskill. We felt that WitBlox App with TikTok like features for sharing Projects and creations would be a great idea for all the Makers and Tinkerers to showcase their latest creations,” says Amit Modi, Founder & CEO, WitBlox.
“We are proud of backing a startup founder who is actively participating in the #VocalforLocal movement and coming up with apps and technology to further the educational needs of the current generation. We extend our full support and best wishes to them,” says Nandini Mansinghka, Co-Promoter and CEO of Mumbai Angels Network.

About Mumbai Angels Network: 

Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing. The network is today 500+ members strong, across 9 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune, Jaipur and Chennai). It has a 140+ strong portfolio with 45+ exits and has invested 150+ crores.

Friday, 15 May 2020

Any Time Classes, Learning App start-up, raises funding from Mumbai Angels Network

 
Any Time Classes, Learning App start-up, raises funding from
Mumbai Angels Network

Innovative Learning App start-up Any Time Classes (ATC) raised an undisclosed amount in the recent round of funding carried out by Mumbai Angels (MA) Network. 

Any Time Classes is a learning app with creative visual content for post-class 10th commerce students. It started with a blend of Hindi and English language content for CA classes in phase 1 & subsequently moved to XIth, XIIth, CS, CMA, CPA, ACCA, CIMA, CFA, BBA, MBA, & CLAT and other prep exams in different phases. There is no dependency on the human factor. ATC is a completely process-driven organization and is managed professionally.

P S Rathore, Founder of Any Time Classes on funding raised by MA Network, “This investment has a significant meaning to us. As the world is moving towards change and now, we have a conviction that we moved at the right time. This is the future that we had seen a couple of years back the world is believing into now. Thank You for aligning with our vision for creating a beautiful world of tomorrow. Thank You Mumbai Angels for all the support.”

MA Investor Abhishek Pansari on the funding, “Due to the outbreak of COVID - 19, students and the teachers are rediscovering the education methodologies. I believe, Any Time Classes can definitely play a decent role due to their presence in online classes format and there is a huge scope for growth in this format.”

Nandini Mansinghka, Co-promoter and CEO Mumbai Angels Network, commented, “We are happy to onboard Any Time Classes in our diversified portfolio. We see a lot of potential and growth in the e-learning sector as everything is turning into virtual format, and everyone is adapting to digital learning platforms as the new normal.”

About Mumbai Angels Network: 

Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing. The network is today 450+ members strong, across 9 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune, Jaipur and Chennai). It has a 135+ strong portfolio with 30+ exits and has invested 150+ crores.

Monday, 11 May 2020

CHARGE+ZONE, an electric vehicle charging start-up, raises funding from Mumbai Angels Network



CHARGE+ZONE, an electric vehicle charging start-up, raises funding from Mumbai Angels Network
CHARGE+ZONE was founded in 2018 and has established electric vehicle charging technology based on IOT and using cloud services to provide anywhere-anytime charging solution by making it smart, open platform configurable & flexible.
CHARGE+ZONE uses technology which is powered by IOT, through over-the-air flow of data and use of cloud base solutions to give a smooth customer experience. The company aims to build software solutions which will have Unmanned charging stations providing quality charging services, with remote control and monitoring, thus making them 24x7 available to EV drivers.
Kartikey Haryani, founder of CHARGE+ZONE on funding raise through MA, “While the entire global economies are facing unprecedented times, We thank Mumbai Angels for bestowing their trust and helping us in raising funds for CHARGE+ZONE, an EV charging company through their Network."
Investor Bhanu Prabha Thambireddigari, "I was highly impressed with the concept of CHARGE+ZONE. Clean energy theme and capable management team enticed me to add Charge Zone to my portfolio."
Nandini Mansinghka, Co-promoter and CEO Mumbai Angels Network, commented, "As Electric Vehicle as a sector gains wider adoption over the next decade, Our Investors see a lot of long term potential throughout the entire EV space. We welcome Charge+Zone in our diversified portfolio.”
About Mumbai Angels Network: 
Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing. The network is today 450+ members strong, across 9 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune, Jaipur and Chennai). It has a 135+ strong portfolio with 30+ exits and has invested 150+ crores.

Saturday, 9 May 2020

MA Network Portfolio Company Talent Bridge launches Video Conferencing feature on their app Odigo in 21 days






MA Network Portfolio company Talent Bridge has launched a video conferencing feature in Odigo, their Enterprise Messaging Platform within 21 days to help their customers effectively communicate during the time of crisis.

Odigo is an Enterprise Messaging Platform for enhancing productivity on the move, through Collaboration, Calibration and Control, to address the hierarchical and distributed workforce needs of an enterprise.

Keeping pace with the recent developments around the globe, Odigo is evolving as an integrated communication and collaboration platform for enterprises. Odigo is a one of its kind integrated communication and collaboration platform that is hierarchical, secure, confidential and scalable to enhance productivity on the go via chat, phone call, video call, video-conferencing, file sharing and structured data collection.

Recently, Odigo has introduced video calling/video conferencing feature. The uniqueness of video calling/video conferencing in ODIGO is that it works under the overarching framework of hierarchical, secure and confidential interaction while ensuring the ease of use for its users. Only users with specific access/permissions can initiate video calling/video conferencing making it perfectly suitable for enterprise usage. Currently, the Video Calling feature is available on mobile App (Android and iOS).


“When people had to start working from home due to the outbreak of Coronavirus, our customers started asking for it and we delivered it fresh in just 21 days. We are glad that Mumbai Angels Network backed us in our early days and kept us motivated to expand our horizons,” said Gauravendra Shukla, Co-Founder and CEO, Talent Bridge.



“We are very proud that our portfolio companies have risen to the occasion and are strategically innovating to meet the demands of the current market. Our heartiest congratulations to team Talent Bridge for the quick turnaround of adding this useful feature to their app,” said Nandini Mansinghka, Co-Promoter and CEO, Mumbai Angels Network.

Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing. The network is today 450+ members strong, across 9 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune, Jaipur and Chennai). It has a 135+ strong portfolio with 30+ exits and has invested 150+ crores.

Thursday, 7 May 2020

Brainwired raises funding from Mumbai Angels Network


Agritech start-up Brainwired raises funding from
Mumbai Angels Network
Brainwired is an Agritech company focused on providing unique livestock health monitoring and tracking solution (named WeSTOCK) which enables farmers to maximize their profits at a reduced expense. The solution is customizable and makes it easy for farmers to adapt to their farms. At Brainwired the vision goes beyond customer satisfaction to forging strong bonds with the customers for prolonged cooperation. 
Romeo Jerard and Sreeshankar Nair founders of Brainwired on the funding raised,“The support extended by the entire MA team during such situation has been phenomenal. They were diligent and thoroughly professional throughout the process. Looking forward to working with them and benefit from their wide investor network.”
Investor Kritk Abiram, "Brainwired is a perfect Fitbit for Livestock, also enabling farmers to maximize their profits. Both co-founders have background in Livestock industry and they are very well versed with issues plaguing the sector."
Nandini Mansinghka, Co-promoter and CEO Mumbai Angels Network, commented, “We are happy to have Brainwired on-board in our diversified portfolio. It’s an agri-tech company where farming communities can adopt technology to maximise profits by reducing expenses."
About Mumbai Angels Network: 
Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing. The network is today 450+ members strong, across 9 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune, Jaipur and Chennai). It has a 135+ strong portfolio with 30+ exits and has invested 150+ crores

Thursday, 30 April 2020

MA Portfolio Company NewsBytes raises funds from North Base Media

MA Portfolio Company NewsBytes raises funds from North Base Media
April 30, 2020NewsBytes (run by Elysium Labs Private Limited), an AI-driven digital media company, has successfully closed the first tranche of its Series A round, led by North Base Media, a global venture capital firm specialized in media.The company will deploy the fresh funds in augmenting its technology.
Founded by Romesh KhaddarShikha Chaudhry and Sumedh Chaudhry, NewsBytes received its early funding by Mumbai Angels Network in 2017 & 18.




“With this capital, we are better positioned to expand our fast-growing audience and develop new technologies that will allow us to serve new clients.the participation by NBM, which has extensive media and media-tech experience globally, together with new investor JITO Angels and the company’s existing investor, Powerhouse Ventures, gives NewsBytes stability at a crucial time.” says Sumedh Chaudhry, Co-Founder, NewsBytes.
“We are very pleased that our portfolio company NewsBytes has closed the first tranche of their Series A and we continue to back them up strongly as they go ahead,” says Nandini Mansinghka, Co-Promoter and CEO, Mumbai Angels Network.
NewsBytes has developed India’s first and the only AI-driven content engine, YANTRA, which can write factual stories without any human intervention. Notably, the engine has multilingual capabilities and can tackle a wide array of categories from consumer technology to financial markets. NewsBytes is licensing its engine to other companies looking to automate their content creation process. The company has already onboarded several clients including overseas media companies.
About Mumbai Angels Network -
Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing. The network is today 450+ members strong, across 9 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune, Jaipur and Chennai). It has a 135+ strong portfolio with 30+ exits and has invested 150+ crores.