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Exclusive: Fintech startup CheQ closes new round at $6.7 Mn

EntrackrEntrackr · 1y ago
Exclusive: Fintech startup CheQ closes new round at $6.7 Mn
Medial

Credit card bill payment management platform CheQ has secured Rs 18.5 crore (around $2.2 million) additional proceeds in its extended seed round. This is the second tranche of the round for the Bengaluru-based company. The new tranche came after a month of its $4.5 million extended series round. Entrackr was the first to report the development last month. The board at CheQ has passed a resolution to allot 6,855 Seed 1 CCPS at an issue price of Rs 26,988.91 each to raise Rs 18.50 crore, its regulatory filings accessed from the RoC shows. Lloyd Dizon and Zenaida Dizon Balajadia invested Rs 4.16 crore each while Sherpalo LLC (a venture by Ram Shriram), Hitesh Gupta, and Amit Lakhotia participated with Rs 8.32 crore, 10 lakhs, and 25 lakhs respectively. As per filings, the company will use these funds for growth, expansion, marketing, and general corporate purposes as decided by the board. According to startup data intelligence platform TheKredible, the company has been valued at around Rs 460 crore or $55.4 million (post-money) after the fresh tranche of the extended seed round. Founded in 2022 by Aditya Soni, CheQ helps customers simplify the discovery and management of all credit products and allows you to pay your credit card bill, and EMI on a single platform. The startup has raised over $17 million to date including its $10 million seed round led by Venture Highway and 3one4 Capital in June 2022. CheQ remained a pre-revenue stage firm with a revenue of only Rs 2 crore during the fiscal year ended March 2023. However, the losses for the three-year-old firm stood at Rs 19.4 crore in the same period. CheQ competes with fintech unicorn CRED which has secured around $1 billion to date and was valued at $6.4 billion in its last fundraise. According to the startup data intelligence platform TheKredible, it posted Rs 1,400 crore in revenue with a loss of Rs 1,347 crore during FY23.

PlaySuper raises $500K in seed round led by IAN Group and 100X.VC

EntrackrEntrackr · 5m ago
PlaySuper raises $500K in seed round led by IAN Group and 100X.VC
Medial

Snippets PlaySuper raises $500K in seed round led by IAN Group and 100X.VC Gaming commerce startup PlaySuper has raised $500K in its seed round led by IAN Angel Fund and 100X.VC. The round also saw participation from angel investors including Uday Sodhi, KRS Jamwal, Pratham Mittal, Rajit Bhattacharya, and Ankit Das, among others. The proceeds will be used to accelerate product development, expand market reach, and strengthen hiring. PlaySuper is set to launch its next-gen, hyper-personalized in-game store, allowing easy integration without requiring updates. The Gurugram-based brand also plans to expand into Southeast Asia (SEA) within six months, followed by MENA and LATAM. Additionally, it will bring in a Product Head and expand its B2B partnerships team to onboard more gaming studios. Founded in April 2024 by Shouradeep Chakraborty, PlaySuper enables gamers to shop inside their favorite mobile games while playing. It integrates real-world shopping experiences within mobile games. Shouradeep and Upamanyu previously co-founded LectureNotes, an edtech platform that raised $2.5 million in 2022. They bring extensive experience from the gaming, Web3, and edtech sectors. Over the next year, the company will focus on launching its in-game store, scaling its reach into new markets, and deepening its collaborations with game developers.

Hyderabad-based Hyperleap AI launches Generative AI Platform post $225K pre-seed round

EntrackrEntrackr · 1y ago
Hyderabad-based Hyperleap AI launches Generative AI Platform post $225K pre-seed round
Medial

Hyderabad-based new-age Generative AI (GenAI) startup Hyperleap AI has launched an enterprise-ready end-to-end Generative AI platform after raising $225K in pre-seed funding. The funding over two rounds was led by various angel investors, including Anil Kommineni, currently SVP at Zenoti. The proceeds will be used to enable the development and refinement of Hyperleap’s enterprise-ready Generative AI platform. Hyperleap AI operates with a small team based at T-Hub’s new machine learning and artificial intelligence technology hub (MATH) in Hyderabad, delivering services at scale by using its AI capabilities themselves. The startup is now publicly releasing its end-to-end Generative AI platform in May 2024, making it first of a kind product for AI integration by businesses. As per data compiled by startup data intelligence platform TheKredible, more than half a dozen early-stage generative AI startups have raised nearly $100 million in funding in the past six months, Sarvam AI leads the pack with $41 million in Series A followed by Ema and Neysa which raised $25 million and $20 million in their seed round respectively.

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

EntrackrEntrackr · 9d 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.

GenAI startup Origamis AI raises $500K in seed round

EntrackrEntrackr · 5m ago
GenAI startup Origamis AI raises $500K in seed round
Medial

Snippets GenAI startup Origamis AI raises $500K in seed round GenAI startup Origamis AI has raised $500K in a seed funding round co-led by Vikas Gautam and Naveen Agarwal. The proceeds will be used to accelerate the development of the orchestration platform and take the platform and agents to the global market, Origamis said in a press release. Co-founded by Manas Agrawal, Ankit Agrawal, and Alexander George, Origamis AI offers a platform that orchestrates Generative AI (GenAI) components to build scalable enterprise applications. The startup aims to advance its mission of providing accessible, reliable, and transformative GenAI solutions. The Bengaluru-based company addresses the growing enterprise need for secure, compliant, and cost-effective AI. By combining robust data protection, risk mitigation, and fairness frameworks, it helps businesses confidently deploy AI while minimizing risks. Origamis AI offers pre-built agents that deliver immediate results across industries. Pic Agent streamlines visual search and automated meta-tagging in fashion, while Docu Agent simplifies document-based productivity for sectors like healthcare and finance. Data Agent enables natural language interactions with databases, opening opportunities for data-driven decision-making. The platform combines these specialized tools with its foundational platform, helping enterprises and SMEs boost operational efficiency, enhance workforce productivity, and unlock new sources of customer value. According to Origamis AI, its pre-built GenAI agents are designed to eliminate domain-specific challenges in industries such as fashion, BFSI, commerce, healthcare, and trading. These AI agents deliver immediate impact by automating tasks, optimizing workflows, and generating actionable insights.

Dubpro.ai raises $500K in seed round

EntrackrEntrackr · 1y ago
Dubpro.ai raises $500K in seed round
Medial

AI startup Dubpro.ai has raised $500k in its seed round from Venture Catalysts. Anicut Capital, 9Unicorns, and JJFO and FirstCheque also participated in the round. Founded by Ishan Sharma and Rishikesh, dubpro.ai enables creators and companies to localise their video content through advanced AI-driven dubbing solutions. Using a combination of Artificial Intelligence and human expertise, dubpro.ai offers high-quality vernacular content localisation that was previously inaccessible due to cost restrictions and time-consuming processes. “We are extremely excited to work with leading investors and a passionate team to build generative AI capabilities in Indic languages that could unlock a great potential for video content being available across all vernacular languages from Education to Entertainment content,” said Sharma, founder & CEO of dubpro.ai. The platform claims to deliver realistic dubbing experiences at a scalable cost point, ensuring efficiency and affordability. With an emphasis on quality assurance, Dubpro.ai’s human experts conduct over 10 quality checks. Venture Catalysts invests $250K – $2 million in early-stage startups. It has a presence across 55 cities in 9 countries. It recently led funding round in proptech startup Bandhoo.

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