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AI Firm Worxogo Raises Funds from Inventus Capital & Ideaspring Capital

16Oct By Gauri SinghNo Comments

FUNDING

AI Firm Worxogo Raises Funds from Inventus Capital & Ideaspring Capital

Artificial Intelligence (AI) company Worxogo that offers a cognitive AI engine as a software-as-a-service or SaaS application has secured an amount of Rs 16.5 crore in its first funding round, which was led by Inventus Capital and Ideaspring Capital. The company plans to use these funds for the purpose of entering the US market, where it has also applied for a patent for its AI engine, called Mia. “The engine is based on behavioural science, neuroeconomics and AI, which, when integrated to the enterprise system, can serve as a cognitive digital assistant to nudge employees to improve productivity,” said CEO Ramesh Srinivas. The Worxogo app sends “nudge” notifications to employees on a daily basis to improve performance, based on the individuals’ behavioural patterns. The backers state...

19Sep By AnkitaNo Comments

FUNDING

Power2SME Bags $36 Mn In Series E Round Of Funding

Power2SME, an online buying hub for small-scale enterprises, has recently raised an additional $36 million funding in a Series E round from its existing investors Accel, Inventus Capital, Kalaari and IFC along with Nandan Nilekani. (more…)

10May By AnkitaNo Comments

FUNDING

Healthifyme a Mobile Based Fitness Startup Raises $6 million Funding

HealthifyMe, a mobile health and fitness startup today announced Series A funding of USD 6 million (about 40 crores) led by IDG Ventures India, Inventus Capital and Blume Ventures. The funding comes just a year after announcement of seed round led by angel investors and Micromax, the company said in a release. Stating that HealthifyMes funding comes on the back of strong growth, it said adding that with in a years time, the company has scaled up users to 5,00,000 from 30,000 users in January 2015. The funds will be used to further develop its digital coaching platform and to accelerate growth in India, the company said. "With these funds we plan to impact 5 million users and tie-up with over 500 corporate and healthcare partners. Our aim is to be the best in the world and we wi...

29Jan By No Comments

FUNDING

Truebil has raised 35 Crores Funding Led By Kalaari Capital and Others

BENGALURU: Truebil, an online market for buying and selling second-hand cars, has raised Rs 35 crore Series-A funding from venture capital investors Kalaari Capital, Inventus Capital and San Francisco-based Tekton Ventures. The rounds also participation from existing investor, Kae Capital. The Mumbai-based startup, whose founders include former Housing employees, is focused on peer-to-peer sales of cars unlike large classified players like CarDekho and CarTrade. "The difference between classifieds players and us is that we handhold a customer throughout the experience, helping close the transaction," said co-founder and CEO Suraj Kalwani. "One thing that we are convinced about is horizontal classifieds will start getting unbundled and specialised. Used-car sales is a large market...