Legal Salah, FanPlay raise seed rounds; Sunstone Eduversity raises Series A

Kolkata-based legal-tech startup, Legal Salah has raised $1 million in a seed funding round led by I2I Capitals, a family office that comprises angel investors.

The fresh capital will  be used to support product development and market expansion, the company said in a statement.

“We will leverage funds in creating AI and ML enabled GST software which will speed up the GST filing process to under 5 minutes. In addition, we also plan to introduce our own accounting software for the existing clients,” Subhash Jha, co-founder and CEO of the company said.

With an aim to share legal and tax related solutions, the company was founded in 2016 by Jha, Abhinit Kumar Singh, Sujit Jha and Tausif Warsi. 

Legal Salah claims to work on a zero consultation and advisory fee basis.

Nadia Milicent Norman, managing partner of I2I Capitals said, “Legal Salah's service offerings to its target audience comes at a perfect time as the industry is embracing digital transformation, everywhere. With the current investments, we are excited to help scale Legal Salah and look forward to its success,”

FanPlay

Delhi-based real money gaming startup FanPlay has raised an undisclosed amount in a seed round from Redcliffe’s Dheeraj Jain, Anupam Mittal, Core91 Fund led by Shalin Shah, the LetsVenture platform (via the 100x Entrepreneur Syndicate) and other marquee angel investors. 

Founded by an IIT-ISB team, Bharat Gupta and Pritesh Kumar, FanPlay is looking to create a unique business model in real money games by focusing on the social element of mobile games. 

“The days of passive consumption are over. Active participation is the new way for content consumption. Consumers don’t just watch TV or video on their phones, they want to participate. Best example is the IPL. People just don’t sit behind the TV - they play games (at times multiple) related to the match they are watching. This active participation is clear from the massive demand for products like the Hotstar’s Watch and Play or Fantasy Sports like the Dream11 and MPL,” Gupta said. 

Sunstone Eduversity 

Edtech startup Sunstone Eduversity has raised Rs 24 crore in Series A funding. led by Saama Capital, with participation from Ashish Gupta, MD - Helion Advisors, Pankaj Bansal, co-founder and CEO- PeopleStrong. 

Existing investors, Prime Venture Partners, Rajul Garg and Purvi Capital also participated in the round. 

The company will use the fresh capital to invest in its technology platform, hiring and curriculum, it said in a statement.

Sunstone is also planning to use the funds to strengthen its efforts in creating industry-ready professionals and building its network of colleges across multiple cities.

Founded in 2014 by IMT-Ghaziabad alumnus Ashish Munjal and Piyush Nangru, Sunstone has eight partner institutions in six cities and will have 20 partners in 15 cities by July 2021.