Bangalore based education startup - eDreams Software Innovation Private Limited has raised R5Cr from Mumbai Angels.
Founded in 2010 by Rajeev Pathak, eDreams provides educational software products. It flagship offering Funtoot is a personalized tutor that teaches children in a fun and interactive manner.
Currently, 1000 students across three schools use Funtoot.
The products developed by eDreams are focused towards enhancing the life of every student through technology innovations. eDreams has partnered with many educational and research organizations and is involved in basic and applied research to develop products at par with global standards.
The funding came through winning the THE PITCH SEASON 2 – BloombergUTV's business reality show.
Last November, Mumbai Angels along with Accel Partners invested in Bangalore based mobile website developer Mobile Motion, while in April it invested in mobile solutions company Zipdial Mobile Solutions Pvt Ltd.
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
| 31/01/12 |
eDreams - Mumbai Angels |
Venture Capital |
Mumbai Angels |
1.01 |
| Date | Type | Buyer | Target | Size ($mn) | State |
| 21/05/12 |
M&A |
Bright Lifecare Private Limited |
Madeinhealth.com |
- |
Completed |
| 21/05/12 |
Venture Capital |
Blume Ventures |
Serendipity Infolabs Private Limited |
- |
Completed |
| 17/05/12 |
M&A |
Carzonrent India Private Limited |
QCABS |
- |
Announced |
| 17/05/12 |
M&A |
Trivone Digital Services Private Limited |
Chakpak Media Private Limited |
- |
Completed |
Fund |
| Name | Corpus | Target Sector | Website | KeyContact |
| Mumbai Angels |
|
IT/ITES/Technology
Retail
Telecom
Media |
http://www.mumbaiangels.com/ |
Ajit SuranaAjit SuranaAnil JoshiAnil JoshiAlok AgarwalAlok AgarwalAnand JhaveriSasha MirchandaniJaved TapiaAmit Grover
|
Company |
| Name | Promoters | Office | Competitor | Website |
| eDreams Edusoft Private Limited |
Rajeev Kumar Pathak |
#3524, 3rd Floor, 17th Main, 1st Cross, Service Road, HAL 2nd Stage |
|
www.edreamssoftware.com |
