Invact Metaversity, which aims to build a virtual university town with multiple colleges, has raised $5 million in its seed round, led by Arkam Ventures.
Antler India, Picus Capital (Germany), M Venture Partners (Singapore), BECO Capital (Dubai) and 2amVC (US) also invested in the round, valuing the startup at $33 million.
Founded by Manish Maheshwari, the former head of Twitter India, and Tanay Pratap, Invact Metaversity is being built on the metaverse to foster an immersive environment conducive to learning, the company said in a statement.
The startup has also raised capital from over 70 individuals such as Balaji Srinivasan, former chief technology officer of Coinbase; Nithin Kamath, cofounder of Zerodha; and Kunal Bahl, founder of Snapdeal.
Antler India, one of the investors, plans to infuse $100-$150 million in more than 100 Indian startups over the next three years.
Read more on Tech Gist Africa:
Chinese EV Maker Hozon Secures $316M in fresh Funding
Self-driving Startup Trunk Tech’s Series B led by Chinese auto giant BAIC
Fēnbèitōng, a platform for organizing business expenditures raises $140M
