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Enterprise solutions startup Beacon raises $7 million in round led by Sorin Investments

Economic Times

Economic Times · 5m ago

Enterprise solutions startup Beacon raises $7 million in round led by Sorin Investments

Beacon.li, an AI-powered enterprise solutions startup, raised $7 million in a Series A round led by Sorin Investments. The funding will help expand AI capabilities, scale globally, and enhance automation. Founded in 2023, Beacon.li streamlines enterprise software with AI automation, serving clients in India and the US. Investors include Athera Venture Partners and Jafco Asia. Beacon.li's AI reduces support volume by 80% and boosts user adoption fourfold, addressing critical enterprise efficiency needs.

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Related News

Beacon.li raises $7 Mn in Series A round

Entrackr

Entrackr · 5m ago

Beacon.li raises $7 Mn in Series A round

Enterprise tech startup Beacon.li has raised $7 million in its Series A round led by Sorin Investments, with participation from Athera Venture Partners, JAFCO Asia, Unicorn India Ventures, and angel investors including Capillary Technologies founder Aneesh Reddy, Rapido co-founder Aravind Sanka, and Kapil Bharti. The proceeds will be used to expand AI capabilities, increase global presence, and boost enterprise automation. Founded in 2023 by Silus Reddy and Rakesh Vaddadi, Beacon.li offers AI-driven product assistants for enterprise software support, integrating with systems to automate processes and answer queries. Customers include Darwinbox, Zluri, Keka HR, and Planful. Co-founded by former KKR India head Sanjay Nayar, Sorin Investments closed its maiden fund at Rs 1,350 crore in May last year.

Fintech Startup FREED Raises

Inc42 · 1y ago

Fintech Startup FREED Raises

Indian fintech startup FREED has raised INR 60 crore ($7.5 million) in a Series A funding round led by Sorin Investments and Multiply Ventures. The funds will be used to expand the company's reach and improve its technology. FREED, founded in 2020 by Ritesh Srivastava, offers debt solutions to individuals through its Debt Resolution Programme and Debt Consolidation Programme. The startup claims to have enrolled over INR 1,200 crore in retail debt on its platform from more than 25,000 customers across India.

Debt relief startup Freed raises $7.5M led by Sorin Investments, others

IndianStartupNews

IndianStartupNews · 1y ago

Debt relief startup Freed raises $7.5M led by Sorin Investments, others

Gurugram-based startup Freed recently raised $7.5 million in funding to expand its debt relief services. The funding round was led by Sorin Investments and included participation from Multiply Ventures and Piper Serica Fund. Freed offers innovative solutions to help individuals manage their finances effectively and relieve the stress of debt collection. Since its founding in August 2020, the startup has assisted over 25,000 customers with over Rs 1,200 crore in stressed retail debt. The recent funding will support Freed's growth and enhance its technological capabilities in the debt relief landscape.

Nexus Venture Partners, Sanjay Nayar’s Sorin top up bets on Uniqus Consultech

VCCircle

VCCircle · 1y ago

Nexus Venture Partners, Sanjay Nayar’s Sorin top up bets on Uniqus Consultech

Uniqus Consultech, a technology-based environmental, social, and governance (ESG) and accounting consultancy firm, has raised $10 million in a Series B funding round. The round was led by Nexus Venture Partners and also saw participation from Sorin Investments. The funding will be used to scale up existing solutions, expand into new markets, and develop the firm's technology stack. Uniqus provides ESG and accounting consulting services and offers AI-assisted financial reporting and ESG platforms. The funding comes after the startup raised $12.5 million in a Series A round last year.

Debt relief platform FREED raises $7.5 Mn in Series A

Entrackr

Entrackr · 1y ago

Debt relief platform FREED raises $7.5 Mn in Series A

Debt relief platform FREED has raised Rs 60 crore ($7.5 million) in its Series A round led by Sorin Investments and Multiply Ventures, with participation from Piper Serica and other institutional funds. In May 2022, FREED raised $2.8 million in a pre-Series A round led by Inflection Point Ventures. With this latest investment, FREED aims to accelerate its growth trajectory, deepen its impact, and continue pioneering advancements in the debt relief landscape. Founded in August 2020 by Ritesh Srivastava, FREED assists individuals in navigating their debt challenges effectively. The company claims to have enrolled over 1,200 crore in stressed retail debt on its platform across more than 25,000 customers pan India. Besides FREED, Loan Settlement, Single Debt, and CreditQ, among others also compete in this segment. Sorin Investments, a venture capital firm set up by KKR’s Sanjay Nayar and Caravel Group’s Angad Banga, raised $100 million from multiple family offices for its debut fund in July 2022. Its portfolio includes Uniqus and Venwiz.

Nexus Venture Partners, Sanjay Nayar’s Sorin double down on Uniqus Consultech

VCCircle

VCCircle · 3m ago

Nexus Venture Partners, Sanjay Nayar’s Sorin double down on Uniqus Consultech

Uniqus Consultech, a technology-led consulting firm focusing on ESG, accounting, and reporting solutions, raised $20 million in a Series C funding round led by Nexus Venture Partners, with participation from Sorin Investments. The funds are intended to accelerate growth, expand service lines, and enhance global presence. Co-founded in 2022, Uniqus plans to develop AI-driven solutions to address reporting and risk management challenges, tapping into market demand with a team of over 550 professionals across 11 offices.

Trucking aggregator LetsTransport raises $25M led by Bertelsmann India Investments (BII)

IndianStartupNews

IndianStartupNews · 2y ago

Trucking aggregator LetsTransport raises $25M led by Bertelsmann India Investments (BII)

LetsTransport, an enterprise-level trucking aggregator, has raised $25 million in a new funding round led by Bertelsmann India Investments (BII), with participation from other undisclosed investors.

Debt relief platform Freed raises $7.5 million in funding round led by Sorin Investments

Economic Times

Economic Times · 1y ago

Debt relief platform Freed raises $7.5 million in funding round led by Sorin Investments

Gurugram-based debt relief startup Freed has secured $7.5 million in a funding round led by Sorin Investments and Multiply Ventures. The company, which helps consumers manage and repay their debts, plans to use the investment to expand its reach and enhance its technology. Freed aims to alleviate the burden of debt for individuals in India who may be over-leveraged and facing collection stress from lenders. The startup, founded in 2020, has already enrolled over INR 1,200 crore in stressed retail debt across more than 25,000 customers.

Debt relief platform Freed raises $7.5 million led by Sorin Investments

Economic Times

Economic Times · 1y ago

Debt relief platform Freed raises $7.5 million led by Sorin Investments

Gurugram-based debt relief startup Freed has secured $7.5 million in funding in a round led by Sorin Investments and Multiply Ventures. The platform helps consumers manage their finances and repay debts, offering relief to individuals who are over-leveraged and facing collection stress from lenders. The investment will support the company's goal of expanding its reach and enhancing its technology. Since its founding in 2020, Freed has enrolled over Rs 1,200 crore in stressed retail debt, serving more than 25,000 customers in India.

CapGrid Solutions raises $5 Mn led by Anicut Capital

Entrackr

Entrackr · 5m ago

CapGrid Solutions raises $5 Mn led by Anicut Capital

CapGrid Solutions raises $5 Mn led by Anicut Capital B2B manufacturing startup CapGrid Solutions has raised $5 million (around Rs 45 crore) in a funding round led by Anicut Growth Fund. The round also saw participation from existing investors Nexus Venture Partners and Axilor Ventures. Earlier in January 2023, CapGrid had raised $7 million led by Nexus Venture Partners. The round closed at a valuation of Rs 305 crore after the investment, according to an ET report. The proceeds will be used for global expansion and investments in technology to improve supply chain and operational efficiencies. Founded in 2020 by Tiwari and Himanshu Singh Raghuvanshi, CapGrid helps car part makers and suppliers by making it easier to find and buy the materials they need. It helps OEMs procure precision parts and components from suppliers that it has tied up with. CapGrid currently operates around 11 fulfilment centres and has 50 strategic supply manufacturing partners. The Gurugram-based startup claims to have recorded a revenue of around Rs 99 crore in the last fiscal year and expects to reach Rs 220 crore in FY25.

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