Education content firm S Chand and Company Limited, along with its subsidiaries, has acquired a minority stake in AToZLearn Edutech Private Limited while Gurugram-based intercity mobility startup ZingBus is said to be in advanced talks to raise $12-15 million.
S Chand picks up stake in AToZLearn Edutech
Education content firm S Chand and Company Limited, along with its subsidiaries, has acquired a minority stake in AToZLearn Edutech Private Limited, which claims to make exam preparation 50% faster.
The round also includes investments from directors of S Chand, key managerial personnel of S Chand, Mukesh Sharma Family Trust, Inflection Point Ventures (IPV), Firstport Capital, and Keiretsu Forum, among others.
S Chand made its first acquisition by buying out Vikas Publishers along with its imprint Madhuban for Rs150 crore in 2012. Subsequently, it also acquired Delhi-based publisher New Saraswati House, which has a strong grip on textbooks in Sanskrit, French and Indian regional languages; and Kolkata-headquartered Chhaya Prakashani, which has a significant presence in the West Bengal board, among others.
ZingBus to raise $12-15m in fresh funding
Gurugram-based intercity mobility startup ZingBus is in advanced talks to raise $12-15 million in a fresh funding round, Entrackr reported.
InfoEdge is expected to lead the round, the report added as the company looks to expand its operations and enter newer cities and ramp up its fleet.
In July 2021, ZingBus raised about $6 million in its pre-Series A round from a host of investors such as Infoedge Ventures, Founders Club, Pioneer Fund, Anim Fund, Locus Ventures, and Liquid 2 Ventures, among others.