Former Zomato senior executive Mohit Gupta and Myntra founder Mukesh Bansal have raised $26 million in seed money for their omnichannel fashion startup Lyskraft, making it one of the largest early-stage rounds for an Indian startup amid the ongoing funding crunch, according to ETtech report. The round was led by Peak XV Partners, formerly Sequoia…
AI powered driver assistance technology startup Sapience Automata has raised INR 1.75 CR in a Seed Round led by Inflection Point Ventures. The funds will be utilized for growing sales for Driver camera, building key partnerships in the automotive domain, continuing to develop Advanced driver-assistance systems (ADAS) technology, and filing international patents, a statement said.…
Landscaping startup, Garden of Joy has raised INR 84 Lakhs in a Seed Round led by Inflection Point Ventures. They plan to utilize funds to expand operations in Bangalore, expanding to 5 additional cities, developing a design tool with a pricing calculator, and vertically integrating through owning workshops for fabrication and civil work, as per…
Artificial intelligence (AI)-led risk management solutions provider, SydeLabs said it has raised $2.5 million as a part of its seed round of funding led by RTP Global. The round also saw participation from early-stage investment firm Picus Capital along with marquee angel investors including Cred founder Kunal Shah and Mobile Premier League founder Sai Srinivas…
Fintech platform Yenmo, which provides instant loans against mutual funds, has raised $500,000 in a seed funding round led by US-based startup accelerator Y Combinator, according to ETtech report. Founded by Aryan Agarwal and Ashutosh Purohit, Yenmo enables its users to borrow against their investments at a flat 10.5% interest rate. Investors can view all…
Liquidnitro Games, which provides a variety of services to game publishers, has raised $5.25 million in a seed funding round led by Nexus Venture Partners, according to ETtech report. The firm did not disclose the valuation at which the funding happened. The funds will be used to boost capabilities around art, design, engineering, product and…
Blitz Electric Mobility (Blitz), a trailblazer in the Asian Pacific electric vehicle (EV) logistics sector, announced the successful closure of its oversubscribed seed extension funding round across Q3 2023 and Q1 2024, securing USD 1.6 million from eminent investors including ADB Ventures, Iterative VC, FiveFortyAlpha, Third Derivative, BonBillo Fund, Bansea, and Satvik Investments, with ADB Ventures leading the round.…
Creator-focused social platform Plutus has secured an undisclosed investment from the Silicon Valley-based venture capital firm, Andreessen Horowitz (a16z) in its seed round, according to ETtech report. This marks a16z’s second investment in India, following its bet on cryptocurrency trading startup Coinswitch Kuber in October 2021. Founded in June 2021 by Karata Dasmahapatra, Shivanshu Tyagi…
Campfire, the Y Combinator-backed startup modernizing accounting software for startups and midsize companies, announced it closed a $3.5 million seed funding round led by Foundation Capital and joined by Y Combinator and Twenty Two Ventures. Campfire will use the funding to attract world-class talent and further support its flagship products, which provide a modern general ledger and automate revenue…
Game studio Overworld, building high-quality, cross-platform multiplayer RPGs, has closed a seed round of $10M, led by Hashed alongside The Spartan Group, Sanctor Capital and Galaxy Interactive, with notable participation from Hashkey, Big Brain Holdings and Foresight Ventures, to accelerate development on a multiplayer role-playing experience enhanced with digital collectibles. Codenamed Overworld, the rich, cross-platform fantasy…
Khyaal, India’s number one app for senior citizens, has raised USD 4.2 million in a seed funding round. The round was co-led by 62Ventures, SVQuad, and Inventus Capital. Glen Tullman, Kanwal Rekhi, Raju Reddy, and Raj-Ann Gill, were among the distinguished entrepreneurs and investors who participated in this round. Notable existing investors, including Everywhere Ventures, Supermorpheus, and Unpopular Ventures also invested in this round, bolstering their support to…
Y Combinator-backed AI startup Crux has raised $2.6 million in seed funding round led by Emergent Ventures, with participation from Y Combinator and Neon Fund, according to ETtech report. The round also saw participation from early backers like First Cheque and other investors. Crux is backed by industry veterans in product & technology like Tej…
Healthtech startup Aarogya Tech said it has raised around $1.8 million seed funding round, with $1.5 million in fresh capital led by Hasu P Shah, founder and chairman emeritus of Hersha Hospitality Trust, who will be joining the Aarogya Tech Board, according to ETtech report. The infusion of new funds will accelerate product development, fortify…
FlexifyMe, a trailblazing Chronic Pain Management Platform, closed its Seed funding round, securing INR 10 Crore from leading investors IvyCap Ventures and Flipkart Ventures. The round witnessed active participation from other esteemed investors, including GSF, Chandigarh Angels, Venture Catalyst, and Ah Ventures. The company plans to strategically direct these funds to revolutionize chronic pain management,…
Sunicon Ventures, one of the leading early-stage India-focused venture capital firms, has led the seed funding round of INR 5 crore for Suind. The round also saw participation from Zetta Farms and other prominent angel investors. Suind is an innovative DroneTech start-up revolutionizing agriculture through AI and offering a comprehensive solution for real-time crop monitoring…