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May 29, 2014

Deal Alert: VentureNursey angels invest in networking platform for researchers InvenZone

Lithasa Technologies, which runs a networking platform for scholars and researchers called InvenZone, has raised angel funding from VentureNursery Angels. The backers include Yahoo! India senior director Vishal Maheshwari, Aditya Birla PE CEO Bharat Banka, Nirvana Ventures co-founders Amit and Arihant Patni and former Starcom MediaVest CEO Ravi Kiran. 

The start-up was founded by Vinay Kumar, an IIT-Bombay alumnus and former Amazon executive Deekshith Marla. InvenZone launched its beta product in IIT-Bombay, where it has 1,000 users. The startup is now planning to launch in other IITs and other top universities like AIIMs and IISc. The company claims to have indexed 23 million research papers which are over 40% of the total global database.

Source: Economic Times

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