Bigwigs put $33mn in Invact’s kitty

Bengaluru: Former Twitter India head Manish Maheshwari's Invact Metaversity has raised money from 70 corporate leaders and startup founders at a valuation of $33 million.
Among the investors are Future Group’s Kishore Biyani, TV Mohandas Pai, chairman of Manipal Global Education, Ritesh Malik, founder of Plaksha, and Kirthiga Reddy, former Facebook India head.Entrepreneurs from startups like Zilingo, Zerodha, Razorpay, Sheroes, Snapdeal, Koo, Cars24, Bounce, Leap Finance, and Suki also invested. Invact Metaversity is a 3D immersive virtual learning platform that allows students to communicate with one another and their teachers via animated avatars.
Maheshwari said he was "overwhelmed by the faith that the investors have shown in our company’s vision to make education available to everyone immersively at a price they can afford.”