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Str8bat, Oncare, Zevo, Secret Alchemist snag early-stage funding

VCCircle

VCCircle · 9m ago

Str8bat, Oncare, Zevo, Secret Alchemist snag early-stage funding

- Sports technology company Str8bat secures $3.5 million in Series A funding led by Exfinity Venture Partners - Cancer-care startup Oncare raises $1 million in seed funding led by Huddle Ventures to expand operations and provide affordable cancer care solutions - Electric vehicle mobility platform Zevo raises $2 million in pre-Series A funding to deploy electric vehicles and develop fulfillment centers - Aromatherapy-based wellness brand Secret Alchemist secures $500,000 in seed funding led by Inflection Point Ventures and appoints actress Samantha Prabhu as co-founder - Zevo aims to raise an additional $20 million by January 2025 to have 200,000 electric vehicles on the road by 2030

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TWF Flours and StepChange snag early-stage funding

VCCircle

VCCircle · 1y ago

TWF Flours and StepChange snag early-stage funding

Indian flour brand TWF Flours and climate-tech startup StepChange have secured early-stage funding. TWF Flours raised $1.4m in a pre-Series A funding round led by Rainmatter, the start-up fund of Indian stockbroker Zerodha. TWF Flours uses data and algorithmic milling to create customisable flours for nutrition and function. StepChange, a software-as-a-service start-up, secured funding from venture firm Flourish Ventures. StepChange offers solutions to improve environmental, social and governance metrics and reduce emissions for large corporate enterprises and finance firms.

Nawgati, Troovy, KorinMi snag early-stage funding

VCCircle

VCCircle · 2m ago

Nawgati, Troovy, KorinMi snag early-stage funding

Fuel-tech platform Nawgati, children’s snacks brand Troovy, and skincare clinic KorinMi have secured early-stage funding from various investors. Nawgati raised $2.5 million to expand its fuel station optimization solutions globally. Troovy raised $2.3 million to enhance its nutritious children’s snack offerings. KorinMi secured Rs 3 crore to advance its Korean-inspired skincare treatments tailored for Indian consumers, with plans to open 25 new clinics in major Indian cities.

SucSEED Venture Partners’ cofounder quits, says to build ‘something new'

VCCircle

VCCircle · 6m ago

SucSEED Venture Partners’ cofounder quits, says to build ‘something new'

Dhiraj Kumar Sinha, cofounder of SucSEED Venture Partners, has exited the early-stage investment firm, which runs a blind pool angel fund and is establishing a venture capital fund. SucSEED has invested in companies such as SupplyNote, str8bat, We360.ai, ConsCent, and SportVot. Sinha plans to pursue a new venture following his departure.

MENA Digest: Two Egyptian startups snag funding; Riyadh's Blend raises pre-seed round

VCCircle

VCCircle · 11m ago

MENA Digest: Two Egyptian startups snag funding; Riyadh's Blend raises pre-seed round

Egyptian fintech startups, Lucky ONE and Qardy, have attracted early-stage funding in the MENA region. Meanwhile, Riyadh-based Blend, a restaurant-focused software-as-a-service platform, has successfully raised a pre-seed round. Funding activity in the region has decreased, with notable deals including Oman-based climatetech company 44.01 securing investment.

SucSEED Venture set to float maiden VC fund

VCCircle

VCCircle · 1y ago

SucSEED Venture set to float maiden VC fund

Early-stage investment firm SucSEED Venture is planning to establish a venture capital fund based in GIFT City, Gujarat. The company, known for its blind pool angel fund, has backed notable startups like SupplyNote and str8bat. SucSEED Venture will be raising capital for the new fund and aims to tap into the emerging finance hub's potential.

Protectt, Slikk, Go Zero, Hypergro, iHub Robotics snag early-stage cash

VCCircle

VCCircle · 4m ago

Protectt, Slikk, Go Zero, Hypergro, iHub Robotics snag early-stage cash

Several startups, including Protectt, Slikk, Go Zero, Hypergro, and iHub Robotics, have secured early-stage funding. Protectt received $8.7 million to enhance its AI-driven mobile cybersecurity solutions and expand globally. Slikk raised $3.2 million to scale its fashion delivery operations. Go Zero secured funds for its sugar-free ice cream business expansion. Hypergro received funding to boost AI innovation in video marketing, while iHub Robotics plans to invest in humanoid robotics manufacturing and education in AI and robotics.

Avataar leads Chef Robotics' Series A round; Stance Health, Better Nutrition, others snag funding

VCCircle

VCCircle · 3m ago

Avataar leads Chef Robotics' Series A round; Stance Health, Better Nutrition, others snag funding

Chef Robotics, a US-based robotics startup, raised $43 million in a Series A funding round led by Avataar Ventures. The funding included both equity and equipment financing through debt. The company, specializing in robotic systems for meal assembly, plans to expand its operations. Additionally, startups like Stance Health, Better Nutrition, and Argos Watches secured early-stage funding. These funds will help them develop technologies, enhance products, and expand market reach in their respective fields.

Number of early-stage investors slide even as more Indian startups snag cheques

VCCircle

VCCircle · 2m ago

Number of early-stage investors slide even as more Indian startups snag cheques

In the first quarter of the year, Indian startups experienced an improved funding environment, with many securing investments. However, the number of unique investors participating has declined, highlighting the higher risk involved with early-stage ventures. This trend underscores a need for cautious optimism as startups navigate the evolving investment landscape, as reported by a VCCircle analysis. Despite more startups receiving funds, the decrease in investor numbers presents a critical observation for the market.

ZEVO eyes first mile and mid mile delivery after conquering last mile EV logistics

YourStory

YourStory · 5m ago

ZEVO eyes first mile and mid mile delivery after conquering last mile EV logistics

ZEVO, an electric vehicle (EV) fleet service, launched in 2022 with four vehicles, now boasts Rs 60 crore in annual recurring revenue and targets Rs 300 crore by next year. Initially self-funded, ZEVO attracted interest from global partners, easing financing challenges. The company focuses on refrigerated EV services and expanding into first-mile deliveries. With a current fleet of 2000 vehicles across 20+ cities, ZEVO plans to expand to 10 more cities and raise $20 million in funding.

Funding freeze bites into the early stage businesses

Money Control

Money Control · 1y ago

Funding freeze bites into the early stage businesses

In Q3CY2023, venture capital firms showed a preference for investing in newer startups. Late stage startups, including Unicorns, have been more affected by the funding freeze, while early stage investment activity has remained relatively unaffected. However, the funding winter is now impacting the early stage funding segment as well.

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