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Bengaluru Based Startup HackerEarth Raised $ 4.5 Million In ‘Series-A’ Funding

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HackerEarth, bengaluru based startup HackerEarth, HackerEarth funding, HackerEarth funding, startups in bengaluru, HackerEarth Series A funding, Sachin Gupta, Vivek Prakash, HackerEarth recruit, HackerEarth sprint, HackerEarth products,

Bengaluru-based startup technology company HackerEarth recently raised $4.5 million in Series A funding. Founded by Sachin Gupta and Vivek Prakash in 2012, HackerEarth is a competitive programming platform which supports over 32 programming languages.

Going deeper into the details, the current funding of $4.5 million has been led by strategic investor DHI Group Inc., which operates career based website Dice.com, followed by BEENEXT, Singapore-based early stage venture fund, Startup platform BEENOS and also from online marketing firm Digital Garage and BizReach.

Prime Venture Partners, HackerEarth’s current investor also participated in this funding round, which raised as much as $5 million till date. The funds raised till now will be used to strengthen its product team and expand its business internationally.

Sachin Gupta, CEO, and Co-Founder of HackerEarth said in an interview: “We see good potential in this space and want to invest in growing this business. This is in line with our efforts to build a large developer community across the globe and help companies do better talent management.”

There also news that HackerEarth has spread its presence overseas like in African and South American markets like in Mexico, Brazil, Bolivia, Kenya, Nigeria, and Venezuela. This firm basically focusses on evolving their SaaS product called Sprint.

The founders of HackerEarth, Sachin and Vivek said that their goal is to assess the talent of developers under objective parameters of quality (of code) and the problems they crack over time.

He also recalls saying: “Our anecdote to start up was in college, when we saw the best guy in our batch not getting placed. We realized that the way engineers or developers were evaluated is very subjective and riddled with biases. But the thing about developers is that their skill is so objective, and it wasn’t being objectively assessed.”

HackerEarth was founded in November 2012 and this startup secured $ 500,000 from startup incubator AngelPrime and GSF Accelerator in 2014. Basically, this organization helps recruiters in finding the right candidate for technical jobs and also in assessing candidates.

HackerEarth has two products:

1) Recruit, which is a candidate assessment platform that allows recruiters to create programming tests and evaluate candidates.
More than 500 companies including Amazon, Walmart, and Cognizant have used it for technical assessment. The annual subscription fee ranges from $5,000 -$30,000.

2) Sprint: An innovation management platform for businesses. This offers end to end management capabilities for hackathons. The annual subscription fee for Sprint will be $ 30,000-$ 50,000.

The company makes a revenue of about $ 350,000 in a month, which is expected to shoot up at least 75%in the next 12 months. With more than 700 customers, the company expects to double up its customer count by next year.

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Imarticus Learning Acquires MyCaptain for INR 50 Crore to Boost Non-Tech Upskilling

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My Captain

Imarticus Learning, an IPO-bound professional education firm, has acquired Bengaluru-based edtech platform MyCaptain for INR 50 crore in a cash-and-stock deal. This marks Imarticus’s fourth acquisition in four years and is aimed at expanding its presence in non-tech career training, especially across India’s Tier-II and Tier-III cities. MyCaptain, which has over 500,000 learners and a revenue of ₹27 crore for FY25, specializes in creative and entrepreneurial fields, with 60% of its users from smaller cities.

 

With this acquisition, Imarticus will bring MyCaptain’s employability bootcamps in digital marketing, design, and content to its 20+ classroom centers in 16 cities, blending online and offline learning. MyCaptain will operate as a fully-owned subsidiary, and all 250 of its employees will join Imarticus, expanding the combined workforce to over 850. The move supports Imarticus’s goal to reach five million learners by FY28 and deepen its offerings in non-tech domains.

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Ex-100X.VC Partners Launch 247VC, Announce INR 250 Crore Fund for Seed-Stage Startups

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StartupStories

Former 100X.VC partners Yagnesh Sanghrajka and Shashank Randev have launched a new venture capital firm, 247VC, unveiling a maiden fund with a target corpus of INR 250 crore (about $30 million). The SEBI-registered Category II AIF includes a base of INR 200 crore and a INR 50 crore greenshoe option, and is focused on backing 30 seed-stage startups across India over the next three years.

 

247VC will target high-potential founders in sectors like deeptech, enterprise tech, consumption, and Industry 5.0, with initial cheque sizes ranging from INR 3 crore to INR 4 crore and follow-on capital for top-performing companies. The fund has attracted prominent early backers, including Sachin Tagra (JSW Ventures), Vivek Mathur (ex-Elevation Capital), and Shailendra Majmundar (Johns Hopkins University).

Sanghrajka and Randev, who together have invested in over 200 startups previously, aim to support ambitious founders building for scale and innovation, especially in emerging and underexplored markets. The launch comes as seed-stage investing gains momentum in India, with average cheque sizes rising despite a cautious funding environment.

 

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Flam Secures $14M Series A to Revolutionize Mixed Reality Marketing with AI

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Flam_StartupStories

AI infrastructure startup Flam has raised $14 million in a Series A round led by RTP Global, with participation from Dovetail and existing investors, bringing its total funding to $22 million. Founded in 2021, Flam enables brands to create and deliver high-fidelity mixed reality (MR) and generative AI experiences without the need for app downloads, allowing consumers to access immersive content via QR codes or links in under 300 milliseconds.

Flam’s platform is already used by over 100 global brands-including Google, Samsung, and Netflix-reaching more than 380 million users. The new funding will accelerate product innovation, expand operations in North America, Europe, and Asia, and launch a full-stack enterprise suite for MR and GenAI-driven marketing. The company currently has over 120 employees and plans to grow to 180 by the end of 2025, aiming to transform every brand touchpoint into an interactive digital experience.

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