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Arintra raises $21 Mn in Series A round led by Peak XV

EntrackrEntrackr ยท 7m ago
Arintra raises $21 Mn in Series A round led by Peak XV
Medial

Arintra raises $21 Mn in Series A round led by Peak XV Medical coding platform Arintra has raised $21 million in a Series A round led by Peak XV Partners, with participation from Endeavor Health Ventures, Y Combinator, Counterpart Ventures, Spider Capital, Ten13, and other strategic investors. The proceeds will be used to expand adoption across U.S. health systems and physician groups, accelerate product development, scale its team, and open a new Bay Area headquarters. Founded in 2020 by Nitesh Shroff and Preeti Bhargava, Arintra operates a GenAI-native autonomous medical coding platform for healthcare providers. Its system automates the translation of clinical documentation into accurate insurance codes while integrating clinical documentation improvement (CDI) and denials prevention into a single platform. The business model focuses on enabling providers to secure full, compliant reimbursement while reducing costs, improving claim accuracy, and accelerating cash flow. Arintra follows an enterprise SaaS model, integrating with EHR systems like Epic and Athena to operate within existing workflows. โ€œReimbursement in healthcare is fundamentally broken. Payers are moving fast, using policy and technology to shift more burden onto providers, but autonomous coding hasn't kept up,โ€ said Shroff, CEO of Arintra. โ€œWe built Arintra to help healthcare providers secure compliant revenue at scale while easing the burden on frontline teams.โ€ The firm targets large health systems, hospitals, and physician groups, offering measurable ROI through its revenue assurance approach.

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D2C luggage brand uppercase raises $9 Mn led by Accel

EntrackrEntrackr ยท 1y ago
D2C luggage brand uppercase raises $9 Mn led by Accel
Medial

D2C luggage brand Uppercase (Acefour Accessories) has raised $9 million in a Series B round led by venture capital firm Accel. As per uppercase, it has raised the new round at a post money valuation of $60 million. In 2022, the company had raised $7 million in apPre-Series A funding round led by Sixth Sense Ventures, with participation from Volrado Venture Partners. The funding will support business expansion, aiming to increase its customer base across India, uppercase said in a press release. Founded by Sudip Ghose, uppercase sells travel gear online and through 1,800 multi-brand stores across India. Its products are priced in the range of Rs 3,500-5,000. The Mumbai-based company aims to achieve its Rs 500 crore goal by adding 250 exclusive retail stores over the next three years. Earlier this year, luggage brand Mokobara raised $12 million in a Series B funding round led by Peak XV Partners. Besides Mokobara, uppercase also competes with Assembly, Nasher Miles and EUME. While Nasher miles raised $4 million in July, EUME bagged $1.7 million in June. As per startup data intelligence platform TheKredible, uppercase reported an operating revenue of Rs 10.65 crore in FY23 with Rs 21 crore loss. The company is targeting to more than double its revenue to Rs 150 crore by FY25, up from Rs 70 crore in FY24.

Scapia raises $40 Mn in Series B led by Peak XV

EntrackrEntrackr ยท 11m ago
Scapia raises $40 Mn in Series B led by Peak XV
Medial

Scapia raises $40 Mn in Series B led by Peak XV Travel fintech company Scapia has raised $40 million in its Series B round led by Peak XV Partners, with participation from existing investors, Elevation Capital, Z47, and 3State Ventures. The funding will enable Scapia to strengthen its team, enhance its product offerings, harness the power of AI, and accelerate its ambitious growth plans, Scapia said in a press release. According to the companyโ€™s regulatory filings, it has secured Rs 289 crore ($34 million) so far, with the remaining funds expected soon. In this round, Peak XV Partners took the lead, investing Rs 218 crore ($25.6 million), followed by Elevation Capital with Rs 62.28 crore ($7.3 million) and 3State Ventures contributing Rs 8.65 crore ($1.02 million). According to a separate resolution, the Bengaluru-based company also expanded its ESOP pool by 3,460 ESOP options. The newly added ESOP will be valued at Rs 22 crore, while the total pool now stands at Rs 132 crore (approximately $15.5 million). Entrackr estimates that the companyโ€™s post-money valuation stands at Rs 1,645 crore or $193.5 million. The valuation may vary after completion of the round. Founded by Anil Goteti, Scapia operates as a fintech-travel platform, offering a lifetime-free credit card with travel rewards. It generates revenue through interchange fees, interest on EMIs, and partner commissions from travel bookings. Scapiaโ€™s co-branded card with Federal Bank offers great value with no joining or annual fees, zero forex markup, and free unlimited domestic lounge access and airport perks based on monthly spending. Cardholders get 10% rewards on all purchases and 20% rewards on travel bookings made through Scapia. Scapia has raised over $70 million to date, including its $23 million Series A round led by Elevation Capital and 3State Ventures in November 2023. According to startup data intelligence platform TheKredible, Peak XV Partners became the largest external shareholder with a 13.74% stake, followed by Matrix Partners at 13.68%. Its FY24 appeared to be the first operational year, recording a revenue of Rs 17 crore while incurring a loss of Rs 88 crore during the same period. The company competes with the likes of One Card, which posted Rs 1,425 crore revenue, and Zolve, which stood at a revenue of Rs 67.8 crore in the fiscal year ended March 2024.

Visa processing startup Atlys raises $36 Mn in Series C funding

EntrackrEntrackr ยท 15h ago
Visa processing startup Atlys raises $36 Mn in Series C funding
Medial

Visa processing startup Atlys raises $36 Mn in Series C funding Founded in 2021 by Mohak Nahta, visa processing startup Atlys allows travellers to discover, apply for and manage visas digitally across more than 120 destinations. Atlys has raised $36 million in a Series C funding round led by Susquehanna Asia Venture Capital. Existing investors Elevation Capital, Long Journey Ventures, and Peak XV Partners also participated in the round. Travel platform MakeMyTrip joined the company as a new investor. The company will use the fresh capital to expand into new international markets and advance its AI roadmap. Atlys plans to deploy AI across the visa process including document verification, eligibility checks and traveller support. Since the previous funding round, the startup has processed close to 450,000 visas and expanded its presence across several global markets such as the UAE, the US, the UK and Australia. These international markets now contribute nearly half of the companyโ€™s overall business. According to the company, it currently operates at an annual visa run rate of more than 700,000 applications. The firm has recorded 11X growth since its Series B round in 2024. The latest round follows Atlysโ€™ $20 million Series B funding in September 2024 which was co-led by Peak XV Partners and Elevation Capital with participation from DST Global Partners and Headline. Earlier, the startup secured $12 million in a Series A round in September 2023 after it raised $4.25 million in seed funding in October 2021. In February 2025, Atlys also acquired the UK unit of visa services firm Artionis in an all cash deal to expand its presence in Europe and strengthen its visa processing infrastructure. With this expansion and new funding, the company aims to build a global digital visa platform for international travellers.

The Whole Truth raises $51 Mn in Series D funding

EntrackrEntrackr ยท 1m ago
The Whole Truth raises $51 Mn in Series D funding
Medial

The Whole Truth raises $51 Mn in Series D funding Clean-label health food brand The Whole Truth has raised about $51 million in a Series D funding round led by Sofina and Sauce.vc. The round comprises a mix of primary and secondary capital and saw participation from existing investors Peak XV Partners and Rainmatter Health, along with Ayra Ventures. Entrackr exclusively reported on the Series D funding last month. The fresh capital will be deployed to expand in-house manufacturing capacity, strengthen working capital, and build internal systems required for public market readiness. An ET report said the latest funding is the start of the companyโ€™s IPO journey, with profitability identified as the next key milestone. Founded by former Unilever executive Shashank Mehta, The Whole Truth focuses on clean-label packaged foods. Its product portfolio includes protein bars, protein powders, nut butters, and dark chocolates. Cofounder Rachna Aggarwal leads product development at the firm. Previously, the startup had raised $15 million in a Series C funding round led by Sofina in February last year, with participation from Z47, Peak XV Partners, and Sauce.vc. Since its Series C round in January 2025, the company claims to have grown threefold. Financially, The Whole Truthโ€™s revenue from operations surged 232% to Rs 216 crore in FY25 from Rs 65 crore in FY24. During the same period, the companyโ€™s loss increased 17% to Rs 28 crore in FY25 from Rs 24 crore in FY24. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here.

Newtrace raises $6.3 Mn in pre-Series A round led by HDFC Bank, MSIVC

EntrackrEntrackr ยท 6d ago
Newtrace raises $6.3 Mn in pre-Series A round led by HDFC Bank, MSIVC
Medial

Newtrace raises $6.3 Mn in pre-Series A round led by HDFC Bank, MSIVC Climate tech startup Newtrace has raised $6.3 million (Rs 56.93 crore) in a pre-Series A round led by HDFC Bank and Mitsui Sumitomo Insurance Venture Capital. The round also saw participation from Peak XV Partnersโ€™ Surge, Aavishkaar Capital, Speciale Invest, Micelio Technology Fund, and angel investors Manish Prataprai Gandhi and Renu Manish Gandhi. Entrackr had exclusively reported the current development last month. Prior to this round, Newtrace has raised over $6.5 million to date, including its $5.65 million round raised in May 2023 led by Peak XV (formerly Sequoia Capital India) and Aavishkaar Capital. The proceeds will be used to scale pilot manufacturing, validate its technology with customers, and expand its engineering and manufacturing capabilities. Newtrace expects to begin initial commercial deliveries of its Voltagen electrodes within the next 12 months. Founded in 2021 by Prasanta Sarkar and Rochan Sinha, Newtrace develops electrode and electrolyzer technologies for green hydrogen production. Its proprietary electrode technology, Voltagen, is designed for alkaline water electrolyzers and aims to improve energy efficiency, extend system lifetime, and reduce hydrogen production costs. Newtrace primarily serves electrolyzer manufacturers, green hydrogen project developers, and industrial gas companies. Its technology is designed as a drop-in replacement for existing electrodes, allowing hydrogen producers to upgrade performance without redesigning their systems. For the fiscal year ended March 2025, Newtrace reported Rs 1.8 crore in operating revenue, while its losses widened 73% to Rs 15.6 crore.

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