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Sistema.bio secures $15 Mn to accelerate global expansion

EntrackrEntrackr · 1y ago
Sistema.bio secures $15 Mn to accelerate global expansion
Medial

Sistema.bio, a biogas-tech company, has successfully raised $15 million in a funding round led by ElectriFI, managed by EDFI Management Company. Existing investors, including Chroma Impact Investment, KawiSafi Ventures, AXA IM Alts, and others, also participated in this round. The funds will be used to scale operations, enhance technology, and improve customer service. Founded in 2010, Sistema.bio manufactures advanced digesters that enable farmers to convert waste into renewable energy and organic fertilizer. The company focuses on carbon mitigation and climate change adaptation, using IoT-supported Measurement, Reporting, and Verification (MRV) programs. Their technology transforms animal waste into clean biogas for cooking and electricity, while producing nutrient-rich biofertilizer. Operating across three continents, Sistema.bio has impacted over 100,000 farms and more than 600,000 people, reducing CO2 emissions by over 1 million tons annually. With more than 100,000 biogas units installed in over 35 countries, Sistema.bio is recognized as a leader in integrated renewable energy and agricultural technology for small-scale agriculture.

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Enterprise procurement platform Aerchain secures $13 Mn in Series A round

EntrackrEntrackr · 3d ago
Enterprise procurement platform Aerchain secures $13 Mn in Series A round
Medial

Enterprise procurement platform Aerchain secures $13 Mn in Series A round AI-native enterprise procurement platform Aerchain has raised $13 million (Rs 118 crore) in a Series A funding round led by Pavestone VC, along with participation from IndiaMART and other investors. The Bengaluru-based startup had previously secured $3 million in a pre-Series A funding round back in September 2021, co-led by IndiaMART and Season Two Ventures. The fresh funds will be utilized to accelerate its global expansion and enhance AI capabilities as it builds what it terms the "Spend Operating System," Aerchain said in a press release. Co-founded in 2021 by Harsha Kadimisetty and Himavanth Jasti, Aerchain is an AI-native enterprise procurement platform that orchestrates, executes, and advises across the full intake-to-pay lifecycle. The Spend Operating System covers conversational intake and SOW generation, vendor discovery and management, RFQ and auction automation, autonomous negotiation, techno-commercial evaluation, contract management, invoice processing, and payment tracking, all powered by a multi-agent AI architecture trained on each customer’s data. Aerchain says that its "Spend Operating System" is a comprehensive platform designed to transform enterprise procurement from a reactive cost centre into a proactive business driver. Most enterprise procurement teams continue to operate in a reactive mode, trapped in email chains, Excel spreadsheets, and ERP workarounds. Aerchain's Spend Operating System addresses these challenges through a comprehensive three-level transformation, such as eliminating reactive firefighting, where its Spend Orchestration layer automates 80% of operational procurement work, reducing task completion time from days to hours. Aerchain deploys AI agents that prepare analyses, surface benchmarks, draft negotiation playbooks, and accelerate outcomes, enabling buyers to make better decisions faster. Once operational bandwidth is freed, the platform's Spend Intelligence module continuously analyses spend patterns alongside external market dynamics, including commodity movements, contract expirations, and vendor consolidation opportunities, proactively sharing actionable recommendations. Aerchain claims to have been trusted by over 50 global enterprise customers across more than 30 countries, managing $45 billion in spend, and has reduced procurement cycle times by over 50%. The company is supported by Veda Corp Advisors.

MoEngage raises additional $180 Mn in Series F, completes $15 Mn liquidity event

EntrackrEntrackr · 3m ago
MoEngage raises additional $180 Mn in Series F, completes $15 Mn liquidity event
Medial

MoEngage raises additional $180 Mn in Series F, completes $15 Mn liquidity event MoEngage, a customer engagement platform for consumer brands, announced that it has raised an additional $180 million as part of its Series F round. This follows the $100 million secured in November 2025, taking the total Series F raise to $280 million. The latest investment was led by new investors ChrysCapital and Dragon Funds, alongside Schroders Capital, with continued participation from existing investors TR Capital and B Capital. The capital will be used to accelerate innovation for the Merlin AI suite, scale go-to-market teams in North America and EMEA, and explore strategic acquisitions that extend the platform’s capabilities or accelerate global expansion. MoEngage has completed its second employee tender offer worth around $15 million, providing liquidity to 259 current and former employees. The transaction also included select secondary sales by early investors, including Eight Roads Ventures, Helion Venture Partners, Z47, and Ventureast. While the company declined to comment on its valuation, its post-money valuation is estimated to be in the range of $850–900 million. Founded in 2014 by Raviteja Dodda and Yashwanth Kumar, MoEngage provides insight-driven customer engagement tools that help brands reach users across web, mobile, email, and messaging channels. Its clients include SoundCloud, McAfee, Flipkart, Kayak, Domino’s, and Deutsche Telekom. MoEngage Inform enables reliable delivery of critical transactional messages such as OTPs and account updates through a single API, separate from marketing campaigns. Its Product Analytics offering combines behavioral data with real-time engagement, helping teams understand user behavior and drive retention and lifetime value. The company serves over 1,350 consumer brands across 75 countries, powering digital experiences for more than 2 billion users each month.

Amazon-backed ToneTag secures $78 Mn after 7-year hiatus

EntrackrEntrackr · 1y ago
Amazon-backed ToneTag secures $78 Mn after 7-year hiatus
Medial

Amazon-backed ToneTag secures $78 Mn after 7-year hiatus Contactless payment solution provider ToneTag has raised $78 million in its Series B2 funding round. The funding is a combination of primary and secondary capital and is led by ValueQuest S.C.A.L.E. Fund and its co-investors who have committed over 50% of the fundraise. Existing investor Elevate Innovation Partners LLC are also participating in this round. This investment will enable ToneTag to revamp customers' payment experiences and accelerate its global expansion, the company said in a press release. The Bengaluru-based company has secured a new funding round after nearly seven years, making it one of the few startups to raise capital after such a long hiatus. Founded by Kumar Abhishek, ToneTag provides three product categories for businesses: voice commerce, online store solutions, and in-store solutions, tailored for retail and F&B sectors. Through its Oyeti platform, the company enables businesses to integrate voice-powered shopping, ordering, and payment experiences. For customers, its VoiceSe UPI payment service allows voice-based transactions even without an internet connection. ToneTag processes over 30 million transactions daily using its unique soundwave technology. This allows secure payments through sound, making it easy to use even without the internet. Big companies like Google and Amazon, along with major Indian banks like SBI and ICICI, trust ToneTag for their payment solutions. According to data intelligence platform TheKredible, ToneTag’s revenue from operations jumped 111.7% to Rs 47.78 crore during FY24 in contrast to Rs 22.57 crore generated in FY23. The firm also achieved profitability for the first time since its inception in 2014. Among contactless payment solution providers, ToneTag competes with Paytm, PhonePe, PineLabs, BharatPe, and MobiKwik et al.

Trufrost & Butler raises $7 Mn from Carpediem Capital

EntrackrEntrackr · 6m ago
Trufrost & Butler raises $7 Mn from Carpediem Capital
Medial

Trufrost & Butler, a provider of commercial refrigeration and foodservice equipment, has raised $7 million in growth funding from Carpediem Capital, a consumer and services-focused private equity fund. The proceeds will be used to enhance customer experience by strengthening order fulfilment, expanding service infrastructure, boosting domestic manufacturing, and exploring international markets. Founded in 2018 by Neeraj Seth and Satish Dudeja, the brand caters to India’s HoReCa (Hotels, Restaurants, Cafés) sector. With the rapid expansion of QSRs and foodservice operators beyond metros, Trufrost & Butler provides cost-efficient, innovation-led solutions that meet the needs of tier II and tier III markets. Its portfolio includes refrigeration, food preparation, and beverage equipment, designed to deliver reliable performance and quicker ROI for customers. It plans to deepen its service backbone, accelerate manufacturing capabilities, and enhance beverage and culinary support initiatives with the fresh capital. Over the past few years, Trufrost & Butler has positioned itself as a service-led, experiential brand in a fragmented industry, competing against both multinational equipment providers and local suppliers. With this funding, Trufrost & Butler is set to accelerate growth in India and prepare for selective global expansion.

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