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Qoruz raises $500K in pre-Series A round led by The Chennai Angels

EntrackrEntrackr · 1m ago
Qoruz raises $500K in pre-Series A round led by The Chennai Angels
Medial

Qoruz raises $500K in pre-Series A round led by The Chennai Angels Qoruz, a creator intelligence and collaboration platform, has secured $500K of funding from The Chennai Angels as part of its ongoing pre-Series A round, which is targeted at $1 million. The round also saw participation from senior marketing professionals, agency leaders, and founders from the media and advertising ecosystem. The Bengaluru-based startup had previously raised 4.5 crore in a seed funding round from Dexter Angels and the IIM Indore Alumni Fund. The proceeds will be utilized to scale its AI capabilities, expand into new market verticals, and strengthen its global presence with a focus on the Middle East and Southeast Asia, Qoruz said in a press release. Co-founded in 2014 by Praanesh Bhuvaneswar, Prabakaran B, Aditya Gurwara, and Priya Vivek, Qoruz is a creator intelligence and collaboration platform that helps brands discover, evaluate, and collaborate with creators to drive measurable business outcomes. The platform enables marketers to approach creator collaboration as a structured, data-led channel rather than an intuition-driven tactic. “We’re not just building a platform, we’re building an ecosystem for the creator economy, where creators are central to how products are discovered, trusted, and bought. For this to scale meaningfully, it needs more than connections; it needs infrastructure. This capital allows us to deepen that foundation and bring operational precision to a space that has long operated on instinct,” said Praanesh Bhuvaneswar, co-founder and CEO of Qoruz. Qoruz plans to target $30 million ARR by 2026, growing 3x YoY in enterprise client adoption. The company claims that its platform has been used by over 1,000 brands and agencies, including Amazon, Flipkart, Jiostar, Dabur, L’Oréal, and Coca-Cola.

Edtech startup ODA Class raises $500K in Series B round

EntrackrEntrackr · 11m ago
Edtech startup ODA Class raises $500K in Series B round
Medial

Bengaluru-based edtech startup ODA Class has raised $500K in its Series B round from Skywalker Education Technology Co. Ltd. (Singapore), Daituzi Education Technology Corporation Limited, and Matrix Partners China. Following the latest round of funding, the total funding raised by ODA Class is now $12.75 million. In March 2020, the startup had raised an undisclosed amount in its pre-Series A round from Yuanfudao, a China education giant. In 2021, the company raised $9 million, followed by $3 million in 2022 and an additional $250K in 2023. According to ODA Class, the funds will be used in several key areas to maximize impact, like digital marketing, which will enhance the company’s brand visibility and reach a broader audience. Founded in 2019, ODA Class offers live online courses for students from class 1 to 10. Using AI technologies and innovative marketing strategies, the company provides high-quality education at accessible rates. With educators from IITs and NITs, ODA Class has served over 25,000 long-term students and aims to enroll 100,000 students in 2024 while continuing to enhance its learning platform. The company claims to have reported revenues of Rs 26.90 crore for FY22, which grew to Rs 63.76 crore in FY23 and further increased to Rs 65.81 crore in FY24. In parallel, the company managed to optimize its expenditures, with costs reported at Rs 79.20 crore in FY22, Rs 107.81 crore in FY23, and Rs 85.20 crore in FY24.

DeFi startup PlutoPe raises $500K in pre-Seed round

EntrackrEntrackr · 1m ago
DeFi startup PlutoPe raises $500K in pre-Seed round
Medial

PlutoPe, a fintech startup offering a non-custodial crypto wallet, has raised $500K in a pre-seed funding round led by Manit Gupta. The fresh funds will be utilized for the next phase of growth, aimed at expanding its global user base, deepening its presence in emerging and under-connected markets, and accelerating the delivery of seamless, user-first crypto financial tools, PlutoPe said in a press release. Launched in 2022 by Kumar Chetan Tyagi, PlutoPe is a non-custodial crypto neobank designed to give users complete control over their digital assets, with the simplicity of traditional finance and the power of decentralized infrastructure. Built for the global crypto-native community, it offers an all-in-one platform that integrates a secure wallet, multi-chain token swaps, real-time remittances, and a globally accepted debit card. According to PlutoPe, it aims to empower individuals to access the digital economy by removing barriers like limited infrastructure, low digital literacy, and complex onboarding. Its decentralized, user-first approach promotes direct asset ownership and financial access for those often left out of traditional systems. PlutoPe unifies wallet, swap, and card infrastructure into a decentralized stack designed for global scale—without dependencies on exchanges or legacy rails. The startup intends to launch new products, including crypto debit cards across MENA, SEA, and LATAM, a merchant app for crypto acceptance, and a one-tap on-ramp for Indian users. The company plans to focus on building strategic partnerships with stablecoin issuers, Layer-1 blockchain networks, and forward-thinking banking institutions. It claims to have registered 9% month-on-month user growth, 65% active user retention, and over $14.5 million in swaps processed.

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