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Social networking platform Culture raises seed round led by Acuvest Infra

EntrackrEntrackr · 13d ago
Social networking platform Culture raises seed round led by Acuvest Infra
Medial

Social networking platform Culture raises seed round led by Acuvest Infra Social networking platform Culture has raised Rs 2 crore in a seed funding round led by Acuvest Infra. The proceeds will be used to accelerate product development, expand community initiatives, and strengthen safety-focused platform infrastructure, Culture said in a press release. Founded by Anurag Rangineni, Culture enables users to discover and connect through Artificial Intelligence-driven interest-based video matching, allowing conversations to develop organically around shared passions such as music, startups, travel, wellness, and creative pursuits. Culture places strong emphasis on accountability and user safety by using real profiles, phone verification, and Artificial Intelligence-powered moderation that automatically disconnects interactions involving nudity, harassment, or nuisance. The Hyderabad-based startup plans to roll out creator-led Spaces, a feature that allows creators and community leaders to host live discussions, events, and hybrid online-offline experiences. The platform enables ticketed events, targeted event promotion, and long-term partnerships with offline venues such as cafes, clubs, and cultural spaces. According to the company, it is expanding through college activations, cafe and brewery partnerships, creator collaborations, and organic community building initiatives. It plans to scale across major Indian cities before expanding to global markets, with a longer-term roadmap that includes premium subscriptions, creator monetisation tools, and native advertising aligned with user interests. Culture aims to build a global platform where human connection comes before algorithms, and where digital spaces feel less like feeds and more like conversations.

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Payment infra startup Mylapay raises $1 Mn

EntrackrEntrackr · 27d ago
Payment infra startup Mylapay raises $1 Mn
Medial

Chennai-based payment infrastructure startup Mylapay has raised $1 million as part of an ongoing funding round, ahead of its planned Series A raise. The round saw continued backing from CDM Capital and Credit Saison, along with new participation from GrowthCap Ventures, led by Pratekk Agarwaal, and a group of strategic angel investors. Prior to this round, the startup had raised $550,000 in seed funding. With the latest capital infusion, Mylapay is preparing to scale adoption of its acquiring platform and move closer to a full Series A fundraise later this year. The proceeds will be used to strengthen Mylapay’s core payment infrastructure, expand its product stack, deepen integrations with banks and payment aggregators, and support international expansion across the Middle East, Africa, and the US. Founded by Mohanraj Ravi, Mylapay builds backend payment processing systems covering 3DS authorisation, switching, clearing and settlement, and reconciliation. Its platform is certified by major card networks including Visa, Mastercard, and RuPay. Mylapay recently rolled out a unified acquiring platform that allows banks and payment institutions to manage card and UPI acquiring through a single integration. The platform is designed to handle more than 5,000 transactions per second and focuses on compliance-led, modular payment processing.

Tax management infra startup Prosperr.io raises $4 Mn led by Jungle Ventures

EntrackrEntrackr · 1m ago
Tax management infra startup Prosperr.io raises $4 Mn led by Jungle Ventures
Medial

AI-led tax management infrastructure startup Prosperr.io has raised $4 million in a seed funding round led by Jungle Ventures. The round also saw participation from Yatra Angel Network, Sadev Ventures, and other investors. The Bengaluru-based company has now raised a total of $5.55 million since its incorporation in 2022. Earlier in August last year, Prosperr had raised $1.55 million in its pre-seed round led by Gokul Rajaram, a board member at Pinterest and Coinbase. The proceeds will be used to accelerate product development, strengthen AI capabilities, and scale its B2B sales operations. The company is also exploring expansion into adjacent areas such as wealth management. Founded by Manas Gond and Dev Kumar, Prosperr.io is building software infrastructure to manage tax planning, compliance, and employee reimbursements for both individuals and enterprises. The platform uses automation and AI to handle deductions, filings, and compliance workflows across salaried users and businesses. For enterprises, Prosperr.io offers tools that automate employee tax benefits, reimbursements, and compliance, reducing manual processing and regulatory risk. On the consumer side, the company operates a subscription-led model that provides ongoing tax planning and advisory, adjusting to changes in income and financial goals. The brand has also expanded its enterprise offering with an AI-powered reimbursement product aimed at simplifying corporate tax operations. Prosperr.io claims strong traction across both segments, with high retention among enterprise clients.

Culture Circle raises $2 Mn from Info Edge Ventures

EntrackrEntrackr · 1y ago
Culture Circle raises $2 Mn from Info Edge Ventures
Medial

Culture Circle, a marketplace for sneakers and streetwear, has raised $2 million in its seed round led by Info Edge Ventures, along with participation from angel investors. The proceeds will be used to expand its collection further, strengthen our authentication technology, and continue building the luxury fashion community. Founded in 2023 by Devansh Jain Nawal and Ackshay Jain, Culture Circle is a luxury e-commerce platform boasting a network of over 3,500 sellers and a catalog of 3.5 million listings. The platform specializes in premium products, including sneakers, streetwear, and high-end fashion items such as bags, blazers, backpacks, and cardholders. Culture Circle features offerings from iconic brands like Nike, Yeezy, Dior, Supreme, Common Projects, and Louis Vuitton, among others. Headquartered in Delhi NCR, the startup has recently ventured into six international markets—Qatar, Oman, the UAE, Singapore, the UK, and Thailand—through a pilot program aimed at global expansion. Through its proprietary SourceX platform, Culture Circle enables users to compare prices and access exclusive deals on brands like Nike, Adidas, Jordans, On, Yeezy, Supreme, Balenciaga, and Dior.

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