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Presage Insights raises seed funding round

EntrackrEntrackr · 7m ago
Presage Insights raises seed funding round
Medial

Presage Insights, a provider of IoT and AI-based predictive maintenance, has raised Rs 5.6 crore in a seed funding round led by YourNest Venture Capital. It comes as part of the YourNest-SanchiConnect Velocity Program 2024. The fresh funds will be utilized to expand its market presence, scale operations, and accelerate innovation, Presage Insights said in a press release. Co-founded in 2021 by Aman Bhambra, Atul Sharma, and Kamalpreet Singh Sidhu, Presage Insights offers a comprehensive platform that combines advanced IoT sensors with a cloud-based software solution, enabling real-time monitoring of machine health. The platform leverages AI-driven diagnostics and delivers actionable insights to predict and prevent equipment failures. These solutions help manufacturers save up to $6,000 per machine annually, extend equipment lifespan, and bridge the skills gap in the industrial workforce. The Noida-based company aims to empower the industrial AI and IoT solutions landscape, helping manufacturers achieve higher efficiency, productivity, and sustainability. It focuses on minimizing machine breakdowns, enhancing predictive maintenance, and transforming manufacturing into an intelligent, automated ecosystem that maximizes value and minimizes waste. According to market research, the global predictive maintenance market is poised to grow from $7.5 billion in 2023 to $88.8 billion by 2032, with a CAGR of 31.6%. Presage Insights addresses the need for predictive, real-time solutions that help manufacturers reduce waste, optimize resources, and enhance productivity. The company says that its predictive maintenance solutions are already deployed across industries including FMCG, steel, cement, automotive, and process manufacturing, serving leading customers such as Adani, Abbott Healthcare, BPCL, and Kansai Nerolac. The company plans to introduce new hardware models tailored to industrial use cases and make forays into overseas markets such as the Middle East, South America, and South Asia.

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Trading platform Trackk raises $1 Mn in seed round

EntrackrEntrackr · 1m ago
Trading platform Trackk raises $1 Mn in seed round
Medial

url: https://entrackr.com/snippets/trading-platform-trackk-raises-1-mn-in-seed-round-9652110 Content: Trackk, a new-age trading platform, has raised $1 million in seed round funding from prominent investors, including Mga Ventures, GSF Ventures, GNP Group, Paras Defence, along with leading family offices and angel investors. Prior to this, the Mumbai-based company had raised $100K in a pre-seed funding round from Maahavir Ventures. The fresh funds will be deployed in team building, technology and crafting a better user experience, Trackk said in a press release. The company has recently received approval from the Securities and Exchange Board of India (SEBI) to begin brokerage services on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Before securing this license, Trackk operated for over three years as an Authorised Person, acquiring more than 1.5 lakh registered users and facilitating over 6,000 trades daily — building a strong foundation of active traders and product insights. Co-founded in 2021 by Vedant Gupte, Aryan Jain, and Siddharth Thakkar, Trackk is a next-gen stock trading app that helps users discover stocks, trade from a single screen, and gain behavioural insights on their trading journey. “We believe the next generation deserves a seamless, technology-driven platform,” said Vedant Gupte, CEO at Trackk. “With our funding, SEBI approval, and strong leadership team, we are ready to bring a fresh, ambitious vision to India’s capital markets.” Trackk plans to launch its trading platform in the coming months, introducing a single-screen, intuitive trading experience designed for India's youth. Alongside this, the platform will offer personalised stock reports, data-backed portfolio ideas, and behavioural insights to help users make informed decisions and improve their trading habits over time. It primarily competes with other major companies in this space such as Groww and Zerodha.

Stride Green raises $3.5 Mn in seed round

EntrackrEntrackr · 3m ago
Stride Green raises $3.5 Mn in seed round
Medial

Stride Green raises $3.5 Mn in seed round Gurugram-based climate-tech platform Stride Green has raised $3.5 million in a seed funding round led by Micelio Technology Fund and Incubate Fund Asia, along with participation from other strategic investors. The proceeds will be used to expand the team, enhance its technology platform, and support its growth across India's clean energy transition sectors, including electric mobility, battery storage, and renewable energy. Founded by Ishpreet Gandhi and Vivek Jain, Stride Green provides asset financing and lifecycle management solutions tailored for sustainable businesses. It uses its proprietary tech stack to offer real-time analytics, alerts, and operational insights aimed at improving asset performance and longevity. The platform currently manages over 3,000 cleantech assets and collaborates with original equipment manufacturers and logistics firms. Stride Green facilitates leasing and financing solutions for these sectors, enabling companies to scale sustainably. Stride Green is also planning geographical and vertical expansion to deepen its role within the climate-tech space.

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