WhiteHat Jr scores $10 million in Series A

NEW DELHI: Ed-tech startup WhiteHat Jr has raised $10 million (Rs 72 crore) in its Series A round of financing, led by existing investors venture capital firm Nexus Venture Partners and Omidyar Network, philanthropic investment firm set up Ebay founder Pierre Omidyar.

Joining the Mumbai-based company’s cap table is Owl Ventures, a Menlo Park-based, ed-tech-focused investment firm. This is the second ed-tech bet by Owl in India in the last three months, having earlier participated in market leader Byju’s $150 million equity financing round, alongside Qatar Investment Authority in July.

Proceeds from the latest round will be used by the less-than year-old startup to strengthen its technology platform, along with adding to its course curriculum, as well as towards marketing and branding.