Future Group’s Kishore Biyani, Mohandas Pai and 68 others invest in former Twitter India head’s latest startup

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Future Group’s Kishore Biyani, Mohandas Pai and 68 others invest in former Twitter India head’s latest startup
Invact Metaversity
  • The undisclosed amount was raised at a valuation of $33 million by diluting less than 15% equity.
  • The list also includes entrepreneurs from startups like Zerodha, Razorpay, Snapdeal, CARS24, and others.
  • The company plans to use this capital to hire engineers, illustrators and 3D designers.
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Edtech startup Invact Metaversity — a startup founded by former Twitter India head Manish Maheshwari — has raised its first round of funding from Future Group’s Kishore Biyani, former Infosys director TV Mohandas Pai and others.

The undisclosed amount was raised at a valuation of $33 million by diluting less than 15% equity.

Innov8 founder Ritesh Malik, former Facebook managing director Kirthiga Reddy and leaders from global companies like Microsoft, Coinbase, Google, Uber, Amazon, Spotify, Softbank, LinkedIn, Disney, Meta, Coinbase and Twitter participated in the round.

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Overall, 70 global entrepreneurs participated in the round, the company has revealed.

The list also includes entrepreneurs from top startups like Zilingo, Zerodha, Razorpay, Sheroes, Snapdeal, Koo, CARS24, Bounce, Leap Finance, Suki, and others.

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Invact Metaversity was founded in the second half of 2021 by Manish Maheshwari and former Microsoft executive Tanay Pratap. It runs a 3D immersive virtual learning platform, which allows students to communicate with one another and their teachers via animated avatars regardless of their physical location.

“With virtual lives playing an equally important role as physical realities, the idea of Metaverse would dominate all aspects of living,” Invact Metaversity said in a statement.

The company plans to use this capital to hire engineers, illustrators and 3D designers.

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