Tuesday, May 21

Tag: seed funding

Locale.ai Raises Pre-seed funding from Better Capital
FUNDING

Locale.ai Raises Pre-seed funding from Better Capital

Location analytics startup Locale.ai has raised a pre-seed round of funding led by early-stage venture firm Better Capital. The funding round also saw participation from notable angel investors such as Myntra's co-founder Raveen Sastry and Fusion Charts' co-founder Pallav Nadhani, Locale.ai said in a statement. The company will use the fresh capital to scale up its business and expand globally, primarily in the US. Locale.ai, operated by LocateAI Technologies Pvt. Ltd, was founded by Rishabh Jain and Aditi Sinha last year. The startup aims to help companies engaged in moving assets to get more sustainable demand using real-time location data and analytics. It is already working with mobility and delivery companies in the US, France, Argentina and India. Aditi Sinha, co-founder...
CerraCap Ventures secures Strategic investment from IIFL Wealth
FUNDING

CerraCap Ventures secures Strategic investment from IIFL Wealth

CerraCap Ventures, a leading early-stage technology venture capital firm, announced a strategic investment of an undisclosed amount from a unit of IIFL Wealth Management Limited (IIFL Wealth), in CerraCap Ventures Fund II. Headquartered in Orange County, CA, CerraCap Ventures focuses on areas of Cyber Security, AI and Digital Health. Leveraging a unique "Sales and Scale" business model, CerraCap goes beyond providing just capital to early stage companies. They help startups sell into large enterprises through an ecosystem of decision makers and an influential advisory board consisting of global leaders. IIFL Wealth is one of the leading private wealth management firms in India with an AUM of around USD 24 billion. General Atlantic, a leading global growth equity firm, is among the l...
London based OweMe Raises $1 Million in Seed Funding
FUNDING

London based OweMe Raises $1 Million in Seed Funding

London based OweMe which is a startup that helps companies move money efficiently through their supply chain has reportedly raised an amount of $1 million in Seed funding.This round was led by pi Ventures.  The company basically increases profitability by removing supply chain costs using provenance and disintermediation for banks, large corporate buyers and suppliers.  The company is planning to use the funds raised in strengthening the product and the team. OweMe is a blockchain based platform enabling provenance of money in deep supply chains.  The company was co-founded in 2016 by Nishant Singh, CEO, and Nisha Singh, COO, who have expertise in the banking and fintech space. “Finance is viewed as a single entities’ issue for ages. Ope...
Ouriel Ohayon’s KZen has Raised $4 million in Seed Funding
FUNDING

Ouriel Ohayon’s KZen has Raised $4 million in Seed Funding

KZen, a company run by former TC editor Ouriel Ohayon, has raised $4 million in seed funding. The funding round was led by Benson Oak Ventures, Samsung Next, Elron Ventures. The company is planning to use these funds to build a “better wallet,” obviously the elusive Holy Grail in the crypto world. Omer Shlomovits, Tal Be’ery, and Gary Benattar are deep crypto researchers and developers and helped build the wallet of Ohayon’s dreams. “We wanted something that did not feel like a pre-AOL experience, that was incredibly superior in terms of security, and simple to use,” he said. “We wanted a solution that brings peace of mind and that did not force the user into compromising between convenience and security which is, unfortunately, the current state of affairs. We quickly realized that ...
Elucidata Corp. Raises Seed Funding To Modify Drug Discovery
FUNDING

Elucidata Corp. Raises Seed Funding To Modify Drug Discovery

A data science company called Elucidata Corporation announced that it raised a seed funding amounting to $1.7 million carried out by Hyperplane Venture Capital. Along with Hyperplane Venture, other angel investors were a part of the seed funding round as well. The backed company has already started working well and has gained profitability. Elucidata Corporation plans to utilize these funds in the expansion process and to transform drug discovery. It wants to grow its team and operations in New Delhi and also introduce some fresh discovery tools for the process of discovering drugs. The company is planning to grow and expand extensively. “The potential for Elucidata’s platform to improve the lives of countless people — from those suffering from diabetes to a wide range of other dise...
Mutual Fund Marketplace Nivesh.com raises Rs 3 Cr Seed Funding
FUNDING

Mutual Fund Marketplace Nivesh.com raises Rs 3 Cr Seed Funding

Nivesh.com, a mutual fund marketplace has raised a seed funding of Rs. 3 crore through LetsVenture along with Google India MD Rajan Ananadan, former Infosys Head Sales Basab Pradhan and others. The startup has customers across 200 cities and partners over 15 cities and is backed by a clutch of prominent investors that include Debasish Hota, CEO at CompuGain Corporation, Vivek Khare, Advisor Corporate Development at Naukri.com, Windorse Capital and LetsVenture LLC. Anurag Garg, CEO and founder at Nivesh.com said, This investment further cements our belief in the business model. We are witnessing extremely good response from our target audience and working on expanding our geographical footprints. While enriching the user experience, we will also look at strengthening our distribution...
We “Pixr8 News” Raise 2.5 Mn Angel Funding
FUNDING

We “Pixr8 News” Raise 2.5 Mn Angel Funding

Delhi based Online Business Media Platform Pixr8 News has raised 2.5 Million Seed Funding From an Angel Investor. The digital media house plans to use the newly raised funds in expanding its customer base, acquiring readership and hiring new talent that could boost its market reach and business operations. Currently, with offices in Lucknow and Delhi, the organisation has helped many leading Global Companies, SMEs & Startups to promote their brand, business & portfolio. Confirming on the latest funding round, Mr Nitish Singh, CEO and Founder at Pixr8 News said, "We feel lucky to have raised seed funding at such a crucial juncture. We now aim to use the latest funding for company expansion in India and Internationally.  Founded in 2014 by Mr Nitish Singh, Pixr8 News is an emerg...
Digital Insurance Platform Raises $1.5 million From Kalaari Capital & Others
FUNDING

Digital Insurance Platform Raises $1.5 million From Kalaari Capital & Others

Gurugram based Digital insurance platform Toffee has raised $1.5 million (around Rs 10 crore) seed funding led by venture capital firm Kalaari Capital, impact investors Omidyar Network and Accion Venture Lab. Founded by Nishant Jain and Rohan Kumar, the digital-only platform launched its beta version in December 2017. Toffee’s tech platform can analyse, predict and customise insurance products for millennials across health, lifestyle and personal accidents. It claims that buying insurance takes less than 90 seconds and that it processes simple claims in under two hours using a completely digital interface. Rohan Kumar, CEO & Co-Founder, Toffee Insurance said, “We are really excited about the support we have received from Kalaari Capital, Omidyar Network and Accion Venture Lab. Th...
Agri-Tech Startup Earth Food Raises Rs. 64 Cr Seed Funding
FUNDING

Agri-Tech Startup Earth Food Raises Rs. 64 Cr Seed Funding

An Agriculture based startup headquartered in Pune, Earth Food has successfully raised Rs. 6.4 crore in a seed funding round from city-based Rairah Corporation. First reported by VC circle, the agri-startup deals in growing grows residue-free fruits and vegetables and sells them both online and offline will use the funding to expand its market outreach.   Earth Food founder, Nilesh Palresha said, We plan to use this funding to strengthen our position in the market and invest in building differentiated offerings for our customers. Residue-free farming involves the use of organically derived biocides and biofertilizers that aim to protect the crops and augment their growth. According to the cited sources, the company is also planning to utilize the fresh capital for its lo...
Kolkata Based Insurance Firm Raises $1 Million From Venture Catalysts
FUNDING

Kolkata Based Insurance Firm Raises $1 Million From Venture Catalysts

Kolkata based insurance management company Ideal insurance raises $1 million seed round of funding from Venture Catalysts. Venture Catalysts is India's leading incubator and the investors from Vcats include Nitesh Prakash of Ola, Atul Jain of Samyakth Finserv and promoters of Nandan Steel, Maithan group, Primarc, Atha group etc. The funding will be used primarily for building a strong infrastructural support for our operations and backend team as well as for marketing purposes. "With the development of our dedicated health insurance portal www.121policy.com, the investment has come at a much needed stage and will definitely bolster our growth and diversification plans," said Rahul Agarwal, founder and CEO, Ideal Insurance. Ideal Insurance is a pioneer in delivering niche and custom...
Meaningful Exit Strategy for Startup Founders and Investors
BLOGS

Meaningful Exit Strategy for Startup Founders and Investors

The startup industry is not doing it for the money, but money is one of the most talked about thing in the startup world. Money flows in the system at a greater pace and in considerable numbers. The scenario is pretty much clear for VCs, how they plan on making money by funding the startup at a nascent stage. For the founders, who are starting up or have already started up, its important for them to know how can they get most out from their startups. The optimal financial strategy for founders is to start bootstrap, raise seed funding, grow their venture and take exit. But at what stage should a founder plan his/her exit from the startup for better personal financial returns, is something we're often confused at! A lay man would say bigger the number, better the returns, well actu...
On-demand Ambulance Service Startup StanPlus Raises $1.1 Mn Seed Funding
FUNDING

On-demand Ambulance Service Startup StanPlus Raises $1.1 Mn Seed Funding

Hyderabad based on-demand ambulance service startup announced that it raised an investment of $1.1 million seed funding from Kalaari Capital’s Seed Fund Kstart and INSEAD Angels Asia. The round also saw participation from CM Diamant, a chain of medical centres and hospital in Canada and Africa. The funds will be utilised to increase StanPlus'  Advance-Life Support fleet and expand across geographies, innovation and to cover all medical transportation categories in near future. The funding will also be utilised to augment the technology front. "StanPlus’ approach to medical transportation is enterprising," says Muthiah Venkateswaran, Partner at Kstart, a seed fund initiative of Kalaari Capital, one of India’s leading Venture Capital firms. Founded in 2016 by three INSEAD MBA graduates ...