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Clean Electric raises $6 million in funding from Info Edge Ventures, others

Economic TimesEconomic Times · 1y ago
Clean Electric raises $6 million in funding from Info Edge Ventures, others
Medial

Clean Electric, a company specializing in fast-charging battery technology for electric vehicles and grid battery solutions, has secured $6 million in a funding round led by Info Edge Ventures, Pi Ventures, and Kalaari Capital. The funds will be used for research and development, expanding sales and operational teams, and developing new products focused on faster charging and renewable energy storage. Clean Electric's proprietary rapid charging technology can fully charge electric vehicles in under 12 minutes, addressing convenience and cost challenges in the adoption of electric vehicles. The company aims to extend its technology to electric four-wheelers and commercial vehicles in the next 12 to 18 months.

Info Edge launches Rs 250 Cr growth-stage investment fund

EntrackrEntrackr · 17d ago
Info Edge launches Rs 250 Cr growth-stage investment fund
Medial

Info Edge has launched a new growth-stage investment fund with a capital commitment of Rs 250 crore, marking its first dedicated vehicle for later-stage companies. The new vehicle, called B8 Fund-I, may also raise capital from external sponsors, taking the total corpus beyond the initial Rs 250 crore. Info Edge already operates four early-stage investment platforms. These include Info Edge Ventures, which has raised Rs 2,300 crore across three funds; Capital 2B with a Rs 280-crore corpus; Redstart Labs, focused on AI-led startups; and direct investments from its balance sheet. Through its venture vehicles, Info Edge has backed several startups at early stages, including Gnani AI, Ixigo, Shiprocket, Zingbus, and Truemeds. Through its balance sheet, the company has invested in firms such as Zomato and Policybazaar in their early years. The new Rs 250-crore fund will focus on backing growth-stage, tech-enabled companies in India or those primarily focused on India, the company said in a regulatory filing. Registered with Sebi as a Category II alternative investment fund, the vehicle will have a tenure of eight years from its first closing. In May last year, Info Edge said its shareholders had approved a plan to invest up to Rs 1,000 crore in Info Edge Ventures' third fund as part of its strategy to institutionalize its startup investing platform. The Info Edge Ventures funds are managed in a 50:50 partnership with Singapore’s sovereign wealth fund Temasek. For the quarter ended December 31, Info Edge’s operating revenue rose to Rs 819 crore, while net profit increased 10% year-on-year to Rs 317 crore from Rs 288 crore.

Matiks raises $3.1 Mn in pre-Series A round led by Tanglin Ventures

EntrackrEntrackr · 6m ago
Matiks raises $3.1 Mn in pre-Series A round led by Tanglin Ventures
Medial

Matiks raises $3.1 Mn in pre-Series A round led by Tanglin Ventures The Bengaluru-based maths-focussed mobile gaming platform Matiks has secured $3.1 million (about Rs 27 crore) in a pre-Series A funding round led by Tanglin Ventures along with participation from Info Edge Ventures and other angel investors including boAt co-founder Aman Gupta, Unacademy co-founders Gaurav Munjal and Roman Saini, and Anil Goteti. The fresh funds will be allocated to expand its team, ratchet up marketing, enhance product offerings, and enter new geographies, Matiks said in a press release. Co-founded in Sept. 2024 by Sudhanshu Bhatia, Mohan Kumar, and Sushant Timmapur, Matiks provides mobile games that enable users to test their mathematical skills. It also lets users compete against each other. As per market research, India’s gaming industry is currently valued at about $3.8 billion and is expected to reach the $9.2 billion mark by FY29. According to the company, it offers features like live 1v1 and multiplayer math duels, daily challenges, global leaderboards, and personalized progress tracking to make math practice engaging and fun for users of all ages. The platform offers games across different categories, with focus on speed, memory, puzzle, among others. It also runs weekly contests to enable higher engagement. Matiks allows users to add friends, and even has a discord community. It has just launched a paid ‘Creators Programme’ which lets users form a community on the platform. Currently, the startup claims to have around 1 Lakh users and has crossed 50K downloads on the Google Play Store.

Pype AI raises $1.2 Mn in pre-seed round led by Kalaari Capital

EntrackrEntrackr · 3m ago
Pype AI raises $1.2 Mn in pre-seed round led by Kalaari Capital
Medial

Pype AI raises $1.2 Mn in pre-seed round led by Kalaari Capital The funds will be used to enhance its healthcare communication platform and support expansion into the United States market. Pype AI, an AI front desk platform for hospitals and clinics, has raised $1.2 million in a pre-seed round led by Kalaari Capital with participation from Wyser Capital and Tenity. The funds will be used to enhance its healthcare communication platform and support expansion into the United States market. Founded in 2024 by Dhruv Mehra and Ashish Tripathy, Pype AI builds voice-based AI agents that automate tasks such as appointment scheduling, follow-ups, treatment preparation, and round-the-clock support. Trained on medical conversational datasets, the agents aim to deliver accurate and empathetic patient interactions. The company has also built Whispey, an open-source observability platform with more than 40 evaluations to ensure compliance and performance. Through integrations with hospital electronic medical records, Pype AI reduces missed appointments, lowers operational costs, and improves patient retention. Pype AI is live in several Indian healthcare facilities and claims to automate more than 85 percent of patient queries. It is integrating with Zocdoc, Epic, and Cerner while onboarding United States-based clinic networks. The startup plans to reach more than 50 hospitals and clinic chains by mid-2026 and is working with medical experts to publish research on AI-driven improvements in patient adherence.

Phot.AI raises $2.7 Mn to automate e-commerce creative design

EntrackrEntrackr · 1y ago
Phot.AI raises $2.7 Mn to automate e-commerce creative design
Medial

Phot.AI, an AI-driven creative automation platform, has secured $2.7 million in a seed funding round led by Info Edge Ventures, with participation from Together Fund and AC Ventures. The funds will be used to expand the team, invest in R&D, and launch the much-awaited copilot. Phot.AI was co-founded in 2023 by Venus Dhuria, Aneesh Rayancha, and Akshit Raja, who previously built AppyHigh. Phot.AI automates creative design and marketplace listings for e-commerce, brands, and retail by using AI agents that learn which designs perform best. The platform reduces manual effort and costs by up to 80% and enables A/B testing of creatives, boosting conversions by 40%. Phot.AI supports product photography, image enhancement, and batch processing using Generative AI, with over 3 million sign-ups pre-launch.

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