Apr 13, 2017

India Dealbook: CL Educate picks stake in Accendere; WeAreHolidays raises funding Subscribe to our newsletter Bhawna Gupta April 12, 2017: &nbsp CL Educate has acquired 49 per cent stake in educational services provider Accendere Knowledge Management Services Pvt. Ltd while online travel marketplace WeAreHolidays has raised an undisclosed amount in its Series B round. CL Educate picks 49% stake in ed-tech firm Accendere CL Educate , which made a market debut last month, has acquired 49 per cent stake in educational services provider Accendere Knowledge Management Services Pvt Ltd . According to a stock market disclosure, the company has also signed an agreement to acquire ETEN test prep business. It did not disclose the financial details of the transactions. Launched in 2009, Accendere helps universities and colleges improve their academic standings by enhancing their research output in engineering, technology, medicine, arts and law. The company was founded by R Shivaraman and Praveen Dwarakanath. ETEN test prep business is owned by coaching services provider IndiaCan Education Pvt Ltd. WeAreHolidays raises funding from Cox & Kings’ promoter Online travel marketplace has raised an undisclosed amount in Series B round led by Urrshila Kerkar, a director on the board of Cox & Kings Ltd . She invested in her personal capacity and acquired existing investors stake, according to a statement. Founded in 2012, WeAreHolidays is backed by investors like Paytm’s Vijay Shekhar Sharma, People Interactive’s Anupam Mittal, GSF’s Rajesh Sawhney, MakeMyTrip’s Sachin Bhati, Blume Ventures, Mumbai Angels and Matrix Partners India. The company will focus on the social aspect of travel and will re-launch its BIA app on the App Store. The app will help people record trips while travelling and will serve as a one-stop concierge platform for travellers to search for information, upload vouchers and get shopping deals on their mobile. It employs around 15 people. Also Read: