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Pravega Ventures leads $3 Mn pre-Series A round in Constelli

EntrackrEntrackr · 1y ago
Pravega Ventures leads $3 Mn pre-Series A round in Constelli
Medial

Pravega Ventures leads $3 Mn pre-Series A round in Constelli Aerospace and defence tech startup Constelli has raised $3 million in a pre-Series A funding round led by Pravega Ventures. This is the company's first institutional funding round. The proceeds will be deployed towards capital expenditure and research and development (R&D) of new products, Constelli said in a press release. Co-founded in 2017 by Satya Gopal Panigrahi and Avinash Chenreddy, Constelli specializes in developing advanced signal processing solutions and tools that enhance the design, development, and testing of critical aerospace and defence systems. According to the Hyderabad-based company, it leverages modern technologies and advancements in hardware and software, modeling and simulation, and distributed computing to achieve transformation. The company focuses on enhancing technical sophistication and expediting the development lifecycle of payloads for airborne and ground defence platforms. Constelli says that its products and services are used globally by organizations developing radar and electronic warfare (EW) systems. The company claims that it serves India's Ministry of Defence, the Defence Research and Development Organisation (DRDO), and defence contractors in South Korea, Australia, and Singapore. The other notable players in this space are NewSpace Research & Technologies, IdeaForge, Garuda Aerospace, and others.

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Fluid Analytics raises $1.6 Mn in pre-Series A round

EntrackrEntrackr · 1y ago
Fluid Analytics raises $1.6 Mn in pre-Series A round
Medial

Cleantech startup Fluid Analytics has raised $1.6 million in its pre-Series A round led by Pravega Ventures and joined by an angel investor. The proceeds will be used to execute a global scale-up expansion starting with a focus on North America, the company said in a press release. Founded by Nidhi Jain and Asim R. Bhalerao, Fluid Analytics monitors water infrastructure health, waterway conditions, and the spread of water-borne diseases at scale. The startup claims to have successfully deployed solutions, monitored over 400 million gallons (1.5 billion litres) of urban wastewater spills and enabled the treatment and reuse of over 200 million gallons (800 million litres) daily. It continues to monitor a population of over 17.5 million for water-borne diseases, as an indicator of sewage spills. Its business model helps cities to combat water pollution sustainably, collaborating with utilities, contractors, and engineering firms. Early stage venture capital fund Pravega Ventures focuses on providing seed and pre-Series A funding. Its portfolio includes Crofarm (now Otipy), Fyle, SalarySe, Cashinvoice, and GrayQuest, among others.

Classplus and Pravega to lead $6 Mn round in GyanDhan

EntrackrEntrackr · 8m ago
Classplus and Pravega to lead $6 Mn round in GyanDhan
Medial

GyanDhan, a platform in the education-finance space, is in the final stages of securing a funding round worth approximately $6 million. Pravega Ventures and Classplus are jointly leading the funding round. A few of GyanDhan’s existing investors are also expected to take part. Gray Matters Capital, Sundaram Finance, and individuals such as Satyen Kothari, Paula Mariwala, and Pravin Gandhi are early backers of the company. GyanDhan has facilitated over Rs 7,000 crore ($840 million) in cumulative loan originations and has established an on-ground presence across 30 cities in India. Founded in 2015 by Ankit Mehra and Jainesh Sinha, GyanDhan is eyeing a valuation of around $15-20 million. Regulatory filings reveal that Classplus and Pravega have already invested Rs 20 crore ($2.33 million) and Rs 10 crore ($1.16 million) respectively, with the remainder of the $6 million round expected to be finalized shortly. GyanDhan has seen rapid growth over the past few years. In FY24, the company posted an operating revenue of Rs 21.4 crore along with a profit of Rs 1.36 crore. Pravega has previously invested in a handful of edtech-focused ventures, while Classplus—a B2B edtech platform—has built a diverse portfolio of educational startups.

Cumin Co. raises $5 Mn pre-Series A round led by Fireside Ventures

EntrackrEntrackr · 17d ago
Cumin Co. raises $5 Mn pre-Series A round led by Fireside Ventures
Medial

Cumin Co. raises $5 Mn pre-Series A round led by Fireside Ventures Gurugram-based kitchenware startup Cumin Co. has raised $5 million (around Rs 41 crore) in a pre-Series A funding round led by Fireside Ventures. Existing investors Huddle Ventures and Alteria Capital also participated, along with several angel investors. Earlier in August last year, Cumin Co. had raised its first institutional funding of $1.5 million (about Rs 13.16 crore) led by Fireside Ventures along with participation from Huddle Ventures. The proceeds will be used to expand the product portfolio across cookware and kitchen essentials. It also plans to strengthen its supply chain, increase investments in R&D, and improve manufacturing and product innovation capabilities. Founded by Niharika Joshi and Udit Lekhi, Cumin Co. operates in the premium kitchenware segment and focuses on research-led product development. The brand sells cookware and kitchen essentials directly to consumers through online channels. Cumin Co. builds its products around proprietary material and coating technology under its Enviromax platform. It holds three granted patents and has five more pending, covering material science, surface coatings, and product design. Going ahead, Cumin Co. will continue to focus on controlled expansion, selective channel rollout, and improving unit economics as it scales its operations. It competes with other notable startups in this space such as Indus Valley and Palette Brand’s Ember. Indus Valley secured Rs 23.1 crore in a pre-Series A round led by DSG Ventures, while Palette Brands raised nearly Rs 17 crore in a pre-Series A round led by Rockstud Capital.

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