SHARE - eupheus.in · Raw meat e-tailer Zappfresh gets $3 mn from Dabur exec, VC firm STARTUPS...
1
RENEW | LOGOUT About Us Careers Advertise with us Contact Us Copyright Privacy Policy Terms of use Our Our Products: Products: News Corp News Corp Companies: Companies: enter email address Subscribe now and receive daily updates Subscribe Copyright © 2018 VCCircle.com. Property of Mosaic Media Ventures Pvt. Ltd. A News Corp Company Powered by WordPress.com VIP | Photo Credit: Shah Junaid/VCCircle TMT Exclusive: Sixth Sense Exclusive: Sixth Sense Ventures’ 2nd local fund closes Ventures’ 2nd local fund closes debut deal debut deal ! 19 March, 2018 By Debjyoti Roy SHARE 3 Sixth Sense Ventures’ second domestic fund has made its first investment, a top executive of the consumer-focused venture capital firm told VCCircle. Founder and chief executive Nikhil Vora said his firm has backed Delhi- based Eupheus Learning, which develops textbooks and their digitised versions to integrate class and home learning. Sixth Sense has picked up a significant minority stake in the company, said Vora, not disclosing the investment amount. He added that he has joined the board of Eupheus as part of the transaction. Commenting on the investment, Vora said, “We like the edu-tech space as it offers perpetual demand. We like Eupheus because of its strong and experienced promoter backing and it being the only unique player to have seamlessly integrated class-learning and home-learning solutions.” Eupheus, operated by Proficiency Learning Solutions Pvt. Ltd, claims to have presence in over 1,500 schools. The clientele list includes Narayana Group of Educational Institutions, GD Goenka Group, and Delhi Public School Society. Eupheus currently offers textbooks in 10 subjects (English, maths, general knowledge, environmental science, and others) for students of classes one to eight. It offers the same textual content in digitised version. The ed-tech firm seeks to develop its offerings in terms of subjects and classes both. The services are offered on a subscription basis, and the solutions can be bought in a bundle or as standalone units. “We have a readiness of will for learning solutions and with Sixth Sense this shall get further sharpened for curated solutions, which shall serve the fundamental needs of Indian K-12 space (kindergarten to class 12),” said Sarveshwar Shrivastava, co-founder of Eupheus. The company has in the recent past partnered several global institutions to bolster its presence in the K-12 learning space, such as World Book Inc., RoboGarden Inc., Sanako, Fiction Express and Primo Toys. Eupheus founders Eupheus founders Around 40 people, including the founders, Shrivastava, Rohit Dhar, Ved Prakash Khatri and Amit Kapoor, moved out of global education company Encyclopaedia Britannica and invested out of their pockets to launch the venture, Eupheus, in June 2017. Shrivastava, a graduate of University of Illinois, had worked with General Electric, Corning, Telecom Australia, NIIT, Pearson and Encyclopaedia Britannica before launching the venture. Dhar started his career as a teacher after completing his post-graduation in 1988 and was Shrivastava’s colleague in Encyclopaedia Britannica. Khatri has over two decades of experience as sales executive in the K-12 publishing industry space. He has been associated with publications such as Ratna Sagar and Oxford in the past. And Kapoor, a graduate of TA Pai Management Institute, earlier held the position of director, digital sales, at Encyclopaedia Britannica South Asia. Sixth Sense’s new fund Sixth Sense’s new fund The second fund, which has a target corpus of Rs 350 crore ($54 million), was supposed to mark the first close by the month-end. However, Vora said that the fund size may increase as talks with a few foreign investors were on. The firm, which is planning to deploy money in 12-15 companies from the new fund, will maintain its consumer-focused theme. Sixth Sense had a target corpus of Rs 125 crore for its first fund and had backed 10 companies, including gaming arcade operator Smaaash Entertainment Pvt. Ltd, Hindustan Foods Ltd, PepsiCo Inc’s Kurkure snack brand, JHS Svendgaard Laboratories Pvt. Ltd and hyperlocal logistics service provider Grab. Nearly 50 investors, including family offices and high net-worth individuals, besides Small Industries Development Bank of India, had come in as limited partners for the first fund. Vora said that the fund has started giving returns to investors. Vora’s investments Vora’s investments Vora was recently reported to be investing in his personal capacity in Gujarat-based Advance Syntex Ltd, that makes glitter powder and polyester film. He was an early investor in One97 Communications Ltd, the parent of digital wallet firm Paytm. He sold his stake in One97 to Chinese e-commerce giant Alibaba in May last year, reaping almost 75-fold gains. Around the same time, Vora also exited his investment in Kangaroo Kids Education Ltd, when the operator of pre-schools and K-12 schools was acquired by EuroKids International Pvt. Ltd. Vora is also an investor in Fogg-deo- maker Vini Cosmetics, which raised funds from private equity firm WestBridge Capital Partners in September 2017. He has also invested in Noida-based Soothe Healthcare Pvt. Ltd, the firm behind Paree brand of sanitary napkins. Besides, Vora has invested in Avigo Capital-backed sports-focused digital display solutions firm Technology Frontiers and aircraft maintenance and repair company AirWorks, which is backed by private equity firms New Enterprise Associates and GTI Capital. Deals in ed-tech space Deals in ed-tech space Other ed-tech startups that have raised funds recently include Toppr, which secured $100,000 (Rs 65 lakh) last month as part of an extended Series B round from Hong Kong- based early-stage investor Axis Capital Partners. In the beginning of this month, Buddy4Study raised $3 million (Rs 20 crore) in a Series A round from existing investor CBA Capital, which is backed by the Michael and Susan Dell Foundation. In early February, CollegeDekho raised $2 million (Rs 13.2 crore) in its third round from London-based Man Capital LLP, Girnar Software and others. Last month, Pune-based ed-tech startup Rubix108 Technologies secured $1 million (Rs 6.5 crore) in a pre-Series A round led by Polaris Fund. Bengaluru-based iNurture raised Rs 28 crore in a Series C round led by Ventureast in the last week of January. Aeon Learning Pvt. Ltd raised $3.2 million (Rs 20.43 crore) in a Series B round from MEMG Family Office LLP in the last week of January. Like this report? Sign up for our daily newsletter daily newsletter to get our top reports. Eupheus Learning Paytm Sixth Sense Ventures Vini Cosmetics Nikhil Vora Leave Your Comment GENERAL Nikhil Vora’s Sixth Sense Ventures Nikhil Vora’s Sixth Sense Ventures targets final close in three months targets final close in three months Nikhil Vora, former IDFC Securities’ managing director and co-head of... FINANCE Sixth Sense Ventures nears first Sixth Sense Ventures nears first close of second fund close of second fund Sixth Sense Ventures is soon going to mark the first close of its second... CONSUMER Sixth Sense makes Series A Sixth Sense makes Series A investment in roadside car assistance investment in roadside car assistance co Cross Roads co Cross Roads Consumer centric venture fund Sixth Sense Ventures, floated by former IDFC... RESOURCE LIBRARY A VCC Content Studio initiative INTRALINKS Cybersecurity Cybersecurity and its impact and its impact on M&A... on M&A... VCC EDGE Quarterly Quarterly Update Q Update Q Madhav A Chanchani ! 4 years ago Debjyoti Roy ! 1 month ago Shruti Ambavat ! 3 years ago STARTUPS Raw meat e-tailer Zappfresh gets $3 Raw meat e-tailer Zappfresh gets $3 mn from Dabur exec, VC firm mn from Dabur exec, VC firm STARTUPS Fewer people are responding to Quikr Fewer people are responding to Quikr listings -- and that's probably a good listings -- and that's probably a good thing thing STARTUPS OYO makes first acquisition, buys OYO makes first acquisition, buys service apartment firm service apartment firm STARTUPS Ten questions for early-stage startup Ten questions for early-stage startup founders looking to raise funds founders looking to raise funds STARTUPS Zoomcar elevates VP of engineering Zoomcar elevates VP of engineering as CTO as CTO Tweets about @vccircle 30m 35m Dubai-based Phoenix Group to #invest in #rose exporter Karuturi’s Kenyan bizgoo.gl/SAZisw How @Google's product searches are helping @Walmart, other retailers take on @amazonINgoo.gl/ctnXCn VCCircle @vccircle Dubai-based Phoenix Group to invest in ros… Dubai-based agriculture and food company Ph… vccircle.com VCCircle @vccircle How Google's product searches are helping… Alphabet Inc's Google routinely fields product q… techcircle.vccircle.com TECHCIRCLE UPCOMING EVENTS 03 MAY TechCircle LIVE Hotel Taj Yeshwantpur, Bengaluru FOLLOW US ON TWITTER Leave a Reply Enter your comment here... Enter your comment here... NO COMMENTS VCCEdge VCCEvents VCCTraining Proptiger Makaan.com WSJ MarketWatch Mansion Global Realtor Enter email for free newsletters > > "
Transcript of SHARE - eupheus.in · Raw meat e-tailer Zappfresh gets $3 mn from Dabur exec, VC firm STARTUPS...
RENEW | LOGOUT
About Us
Careers
Advertisewith us
Contact Us
Copyright
PrivacyPolicy
Terms of use
OurOurProducts:Products:
News CorpNews CorpCompanies:Companies:
enter email address
Subscribe now and receive daily updates
Subscribe
Copyright © 2018 VCCircle.com. Property of Mosaic Media Ventures Pvt. Ltd.
A News Corp Company
Powered by WordPress.com VIP
| Photo Credit: Shah Junaid/VCCircle
TMT
Exclusive: Sixth SenseExclusive: Sixth SenseVentures’ 2nd local fund closesVentures’ 2nd local fund closesdebut dealdebut deal
! 19 March, 2018
By Debjyoti Roy
SHARE
3
Sixth Sense Ventures’ seconddomestic fund has made its firstinvestment, a top executive of theconsumer-focused venture capitalfirm told VCCircle.
Founder and chief executive NikhilVora said his firm has backed Delhi-based Eupheus Learning, whichdevelops textbooks and theirdigitised versions to integrate classand home learning.
Sixth Sense has picked up asignificant minority stake in thecompany, said Vora, not disclosingthe investment amount. He addedthat he has joined the board ofEupheus as part of the transaction.
Commenting on the investment,Vora said, “We like the edu-techspace as it offers perpetual demand.We like Eupheus because of itsstrong and experienced promoterbacking and it being the only uniqueplayer to have seamlessly integratedclass-learning and home-learningsolutions.”
Eupheus, operated by ProficiencyLearning Solutions Pvt. Ltd, claims tohave presence in over 1,500 schools.The clientele list includes NarayanaGroup of Educational Institutions,GD Goenka Group, and Delhi PublicSchool Society.
Eupheus currently offers textbooksin 10 subjects (English, maths,general knowledge, environmentalscience, and others) for students ofclasses one to eight. It offers thesame textual content in digitisedversion. The ed-tech firm seeks todevelop its offerings in terms ofsubjects and classes both.
The services are offered on asubscription basis, and the solutionscan be bought in a bundle or asstandalone units.
“We have a readiness of will forlearning solutions and with SixthSense this shall get furthersharpened for curated solutions,which shall serve the fundamentalneeds of Indian K-12 space(kindergarten to class 12),” saidSarveshwar Shrivastava, co-founderof Eupheus.
The company has in the recent pastpartnered several global institutionsto bolster its presence in the K-12learning space, such as World BookInc., RoboGarden Inc., Sanako,Fiction Express and Primo Toys.
Eupheus foundersEupheus foundersAround 40 people, including thefounders, Shrivastava, Rohit Dhar,Ved Prakash Khatri and Amit Kapoor,moved out of global educationcompany Encyclopaedia Britannicaand invested out of their pockets tolaunch the venture, Eupheus, in June2017.
Shrivastava, a graduate of Universityof Illinois, had worked with GeneralElectric, Corning, Telecom Australia,NIIT, Pearson and EncyclopaediaBritannica before launching theventure.
Dhar started his career as a teacherafter completing his post-graduationin 1988 and was Shrivastava’scolleague in EncyclopaediaBritannica. Khatri has over twodecades of experience as salesexecutive in the K-12 publishingindustry space. He has beenassociated with publications such asRatna Sagar and Oxford in the past.
And Kapoor, a graduate of TA PaiManagement Institute, earlier heldthe position of director, digital sales,at Encyclopaedia Britannica SouthAsia.
Sixth Sense’s new fundSixth Sense’s new fundThe second fund, which has a targetcorpus of Rs 350 crore ($54 million),was supposed to mark the first closeby the month-end.
However, Vora said that the fundsize may increase as talks with a fewforeign investors were on.
The firm, which is planning to deploymoney in 12-15 companies from thenew fund, will maintain itsconsumer-focused theme.
Sixth Sense had a target corpus of Rs125 crore for its first fund and hadbacked 10 companies, includinggaming arcade operator SmaaashEntertainment Pvt. Ltd, HindustanFoods Ltd, PepsiCo Inc’s Kurkuresnack brand, JHS SvendgaardLaboratories Pvt. Ltd and hyperlocallogistics service provider Grab.
Nearly 50 investors, including familyoffices and high net-worthindividuals, besides Small IndustriesDevelopment Bank of India, hadcome in as limited partners for thefirst fund. Vora said that the fundhas started giving returns toinvestors.
Vora’s investmentsVora’s investmentsVora was recently reported to beinvesting in his personal capacity inGujarat-based Advance Syntex Ltd,that makes glitter powder andpolyester film. He was an earlyinvestor in One97 CommunicationsLtd, the parent of digital wallet firmPaytm. He sold his stake in One97 toChinese e-commerce giant Alibaba inMay last year, reaping almost 75-foldgains.
Around the same time, Vora alsoexited his investment in KangarooKids Education Ltd, when theoperator of pre-schools and K-12schools was acquired by EuroKidsInternational Pvt. Ltd.
Vora is also an investor in Fogg-deo-maker Vini Cosmetics, which raisedfunds from private equity firmWestBridge Capital Partners inSeptember 2017. He has alsoinvested in Noida-based SootheHealthcare Pvt. Ltd, the firm behindParee brand of sanitary napkins.
Besides, Vora has invested in AvigoCapital-backed sports-focused digitaldisplay solutions firm TechnologyFrontiers and aircraft maintenanceand repair company AirWorks, whichis backed by private equity firmsNew Enterprise Associates and GTICapital.
Deals in ed-tech spaceDeals in ed-tech spaceOther ed-tech startups that haveraised funds recently include Toppr,which secured $100,000 (Rs 65 lakh)last month as part of an extendedSeries B round from Hong Kong-based early-stage investor AxisCapital Partners.
In the beginning of this month,Buddy4Study raised $3 million (Rs 20crore) in a Series A round fromexisting investor CBA Capital, whichis backed by the Michael and SusanDell Foundation.
In early February, CollegeDekhoraised $2 million (Rs 13.2 crore) in itsthird round from London-based ManCapital LLP, Girnar Software andothers.
Last month, Pune-based ed-techstartup Rubix108 Technologiessecured $1 million (Rs 6.5 crore) in apre-Series A round led by PolarisFund.
Bengaluru-based iNurture raised Rs28 crore in a Series C round led byVentureast in the last week ofJanuary.
Aeon Learning Pvt. Ltd raised $3.2million (Rs 20.43 crore) in a Series Bround from MEMG Family Office LLPin the last week of January.
Like this report? Sign up forour daily newsletterdaily newsletter to get our topreports.
Eupheus Learning Paytm
Sixth Sense Ventures Vini Cosmetics
Nikhil Vora
Leave Your Comment
GENERAL
Nikhil Vora’s Sixth Sense VenturesNikhil Vora’s Sixth Sense Venturestargets final close in three monthstargets final close in three months
Nikhil Vora, former IDFC Securities’ managingdirector and co-head of...
FINANCE
Sixth Sense Ventures nears firstSixth Sense Ventures nears firstclose of second fundclose of second fund
Sixth Sense Ventures is soon going to mark the firstclose of its second...
CONSUMER
Sixth Sense makes Series ASixth Sense makes Series Ainvestment in roadside car assistanceinvestment in roadside car assistanceco Cross Roadsco Cross Roads
Consumer centric venture fund Sixth SenseVentures, floated by former IDFC...
RESOURCE LIBRARYA VCC Content Studio initiative
INTRALINKS INTRALINKS
CybersecurityCybersecurityand its impactand its impacton M&A...on M&A...
VCC EDGE
Quarterly DealQuarterly DealUpdate Q2 2017Update Q2 2017
Madhav A Chanchani ! 4 years ago
Debjyoti Roy ! 1 month ago
Shruti Ambavat ! 3 years ago
STARTUPS
Raw meat e-tailer Zappfresh gets $3Raw meat e-tailer Zappfresh gets $3mn from Dabur exec, VC firmmn from Dabur exec, VC firm
STARTUPS
Fewer people are responding to QuikrFewer people are responding to Quikrlistings -- and that's probably a goodlistings -- and that's probably a goodthingthing
STARTUPS
OYO makes first acquisition, buysOYO makes first acquisition, buysservice apartment firmservice apartment firm
STARTUPS
Ten questions for early-stage startupTen questions for early-stage startupfounders looking to raise fundsfounders looking to raise funds
STARTUPS
Zoomcar elevates VP of engineeringZoomcar elevates VP of engineeringas CTOas CTO
Tweets about @vccircle
30m
35m
Dubai-based Phoenix Group to #invest in #rose exporter Karuturi’s Kenyan bizgoo.gl/SAZisw
How @Google's product searches are helping @Walmart, other retailers take on @amazonINgoo.gl/ctnXCn
VCCircle@vccircle
Dubai-based Phoenix Group to invest in ros…Dubai-based agriculture and food company Ph…vccircle.com
VCCircle@vccircle
How Google's product searches are helping…Alphabet Inc's Google routinely fields product q…techcircle.vccircle.com
TECHCIRCLE
UPCOMING EVENTS
03
MAY
TechCircle LIVEHotel Taj Yeshwantpur, Bengaluru
FOLLOW US ON TWITTER
Leave a Reply Enter your comment here...Enter your comment here...
NO COMMENTS
VCCEdge
VCCEvents
VCCTraining
Proptiger
Makaan.com
WSJ
MarketWatch
MansionGlobal
Realtor
Enter email for free newsletters >>
"
Prev Next
20/03/18, 8)17 AMPage 1 of 1
![Gayatri quikr ppt[1]](https://static.fdocuments.us/doc/165x107/55ca529bbb61eb0d268b458d/gayatri-quikr-ppt1.jpg)
