Latest Startup News, Funding News, Tech News, Insights & Stories from Indian Startup Ecosystem
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Highlights Adukale, a direct-to-consumer (D2C) snacks brand based in India, has successfully raised Rs 11 crore (approximately $1.3 million) in a pre-Series A funding round. The funding was led by Force Ventures, with participation from Aanya Ventures and notable angel investors including Subrata Mitra and Radhika Pandit. Enhancing Manufacturing and Expansion Plans The primary objective…
Summary Nikhil Kamath, co-founder of Zerodha, has launched the WTFund, a pioneering initiative aimed at supporting young entrepreneurs aged 25 and under. The fund offers a non-dilutive grant of Rs 20 lakh, mentorship pods, community access, GTM studio, beta testing, talent acquisition avenues, and more. Kamath expressed his vision for cultivating a culture of risk-taking…
Summary Delhi-based startup TraqCheck, specializing in AI-driven background verification, has secured an undisclosed investment from Caret Capital and Peyush Bansal’s Family Office, Culture Cap. The funding aims to enhance operational efficiency through its innovative enterprise tech platform. Founded in 2020, TraqCheck utilizes AI to streamline background checks for employees, boasting a client base of over…
Summary Gurugram-based health insurance claim assistance platform, ClaimBuddy, has secured a substantial $5 million in Series A funding. Led by Bharat Innovation Fund (BIF), with participation from Japanese fund CAC Capital, alongside existing investors Chiratae Ventures and Rebright Partners, this investment marks a significant milestone for ClaimBuddy. Founded in 2020 by Khet Singh Rajpurohit and…
Summary ProcMart, a leading B2B digital marketplace specializing in supply chain solutions, has successfully raised $30 million in a Series B funding round led by Fundamentum Partnership and Edelweiss Discovery Fund, with participation from Paramark Ventures. Founded in 2015, ProcMart aims to streamline indirect purchases for large enterprises through its tech platform, offering services such…
Summary PineGap.ai, an AI SaaS startup founded by graduates of IIT-BHU, has successfully raised $2.5 million in seed funding led by SVQuad and Inventus Capital. The funding aims to enhance the company’s equity research platform and facilitate expansion of its engineering team in Bengaluru and the US. Prominent Silicon Valley entrepreneurs and executives from Wall…
Summary: PlatinumRx’s successful funding round not only signifies a milestone for the startup but also heralds a new era of affordability and convenience in medication procurement, promising transformative benefits for patients across the nation. In a significant stride for the healthcare sector, Bangalore-based online pharmacy startup PlatinumRx has successfully raised $800,000 in seed funding. Led…
Summary: Despite a 40% dip in funding compared to the preceding week, the startup landscape retains its vibrancy, with noteworthy developments such as the inception of new funds and strategic acquisitions shaping the industry’s trajectory. As startups continue to navigate challenges and seize opportunities, the Indian entrepreneurial landscape evolves, driven by innovation, resilience, and a…
Summary:Noida-based edtech startup Aviotron Aerospace secures INR 4.96 Cr ($600K) in Pre-Series A funding led by Enrission India Capital, bolstering its position in the education technology sector. Founded in 2019, the startup aims for nationwide expansion, offering experiential learning solutions to K-12 students across India. Noida-based edtech startup, Aviotron Aerospace, makes waves with a successful…
Summary Arch0, a rising star in cloud security, secures $1.25 million in pre-seed funding, led by Leo Capital. Founded in 2022, Arch0 aims to simplify cloud security with AI-driven operations. CEO Nithin Jois emphasizes accessibility. Investor Dinesh Singh sees growth in cybersecurity demand. Arch0 plans subscription-based expansion. Arch0 Secures $1.25 Million in Pre-Seed Funding to…