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Accounting and tax management platform Febi.ai raises $2 Mn

EntrackrEntrackr · 9m ago
Accounting and tax management platform Febi.ai raises $2 Mn
Medial

Accounting and tax management platform Febi.ai has raised $2 million in a pre-Series A funding round co-led by Lumis Partners, Virender Rana, Lenskart co-founder Amit Chaudhary, Padmaja Ruparel, Cashkaro co-founder Rohan Bhargava, Rajat Jain, and other investors. The proceeds will be utilized to further advance its artificial intelligence capabilities to automate accounting and tax compliance processes, ramp up customer acquisition, and expand its workforce, Febi.ai said in a press release. Co-founded in 2022 by Amit Jindal, Saurabh Jain, Ashu Goel, and Rahul Bansal, Febi.ai leverages AI technology to eliminate the hassles of manual data entry and errors in accounting and invoice verification. The platform automates documentation management and tax compliance while providing founders and entrepreneurs with real-time business insights to make informed decisions with greater confidence. The Gurugram-based company aims to solve real-time problems faced by teams and end users of existing accounting and tax compliance platforms. The platform claims to have been built by the chartered accountant community and will empower entrepreneurs and the CA community with real-time insights and effective ways to manage accounting and tax compliance functions. Febi uses a cutting-edge AI/ML platform, coupled with a team of seasoned domain experts, including CAs and personal accountants, to ensure seamless management of all accounting, tax compliance, and finance operations in real-time. It also leverages a dedicated personal accountant for strategic financial guidance and support.

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Hyperbots raises $2 Mn in seed round from Kalaari, others

EntrackrEntrackr · 11m ago
Hyperbots raises $2 Mn in seed round from Kalaari, others
Medial

Hyperbots, an AI startup for finance and accounting, has raised $2 million in its seed round led by Kalaari Capital with participation from Sunicon Ventures, and Athera Venture Partners. The proceeds will be used in expansion of Hyperbots’ go-to-market strategy and product development including the development of proprietary generative AI models for finance and accounting. Founded in 2023 by Rajeev Pathak, Niyati Chhaya, and Ram Jayaraman, Hyperbots offers end-to-end AI-powered tools for various functions, including accounts payable (AP), accounts receivable (AR), and expense processing. Hyperbots claims to have developed proprietary AI Assistants, with human-like intelligence to automate manual, analytical, and strategic tasks in finance and accounting. The firm is focused on US mid-markets and is gaining traction in the US, targeting firms with revenues between $50 million and $1 billion. Hyperbots’ platform embeds AI in all tasks for processes such as procure-to-pay, order-to-cash, and expense management, minimizing human involvement by 80%.

Fintech startup Mili raises $2 Mn led by Chiratae and BoldCap

EntrackrEntrackr · 7m ago
Fintech startup Mili raises $2 Mn led by Chiratae and BoldCap
Medial

AI meeting assistant for wealth management firm Mili has raised $2 million in its seed round led by Chiratae and BoldCap with participating investors Sparrow Capital, SFMG Wealth Advisors, Gregg Fisher (Quent Capital), and Better Capital. The proceeds will be used to enhance and accelerate Mili's product, including expanding customization capabilities, deepening integrations, ramping up its partnerships, and growing the engineering and customer success teams. Founded in early 2024 and is led by Chirag Gandhi, Mili provides enterprise-grade meeting documentation software that helps wealth management firms streamline their advisory workflows while maintaining the highest standards of compliance and customization. The platform enables financial advisors to focus on client relationships by reducing administrative overhead through secure, real-time AI assistance that works seamlessly with existing systems. According to the company, it has an industry-leading compliance architecture built for enterprise wealth management, with customizable templates and firm-specific rubrics that adapt to each practice's unique needs. Mili has a rapidly expanding integration suite supporting major wealth management platforms, backed by an SOC 2-certified infrastructure with enterprise-grade security.

ClickPost raises $6 Mn in Series A round

EntrackrEntrackr · 1y ago
ClickPost raises $6 Mn in Series A round
Medial

Shipping intelligence platform ClickPost has raised $6 million in its Series A round led by Inflexor Ventures Partners and Athera Venture Partners. The round also saw participation from Riverwalk Holdings and an existing investor Rebright Partners. Previously, the startup had raised an undisclosed amount in seed round in April 2020. The funding will be used for launching new AI-driven modules, global growth and hiring, the company said in a press release. Initially launched as a developer tool to help engineers integrate with courier APIs, ClickPost pivoted to provide a post-purchase experience platform for brands. Founded by Naman Vijay, ClickPost is an all-in-one logistics management platform that provides everything from accurate delivery dates in the pre-purchase journey to multi-carrier integration, tracking visibility, returns and exchange management, and omnichannel enablement. The firm said that it has helped large fashion retailers convert more than 35% of their returns to exchanges, and has helped others improve shipping NPS by upto 40%. The startup claims to have tracked more than 1 million shipments daily, and is aiming to grow 5x in the next 2 years. Over 300 eterprises across India, North America, APAC, and the Middle East use ClickPost.

BPR Hub raises $2.6 Mn led by Accel and Kae Capital

EntrackrEntrackr · 5m ago
BPR Hub raises $2.6 Mn led by Accel and Kae Capital
Medial

BPR Hub raises $2.6 Mn led by Accel and Kae Capital BPR Hub, a San Francisco and Bengaluru-based AI-powered compliance management platform for manufacturers, has closed its $2.6 million seed funding round, co-led by Accel and Kae Capital. The funds will be used to scale globally, expand the team, and enhance product features to meet the rising demand for compliance management. Prominent angel investors in manufacturing also participated, positioning the company for rapid growth in India and North America. Founded in 2024 by Teja Edara (CEO), Milanjeet Singh (COO), and Vinodh Peddi (CTO), BPR Hub was created to address key challenges in compliance. With over a decade of experience in manufacturing and compliance, Milanjeet Singh's firsthand insights drove the development of a platform to streamline compliance management for manufacturers. BPR Hub's platform automates up to 80% of quality, compliance, and governance tasks, cutting certification time by 40%. It effectively tackles key challenges faced by small and medium manufacturers in a complex regulatory environment. Through automated evidence evaluation and continuous monitoring, BPR Hub helps companies fast-track certification – turning a process that typically takes months into one that takes weeks. The platform streamlines the management of overlapping certification requirements, eliminating duplication and ensuring nothing falls through the cracks. BPR Hub streamlines manufacturing by integrating quality assurance, production control, inventory, and asset management into a single platform. This ensures seamless compliance management, allowing teams to focus on growth.

Troo Good raises $9 Mn led by Puro Wellness

EntrackrEntrackr · 9m ago
Troo Good raises $9 Mn led by Puro Wellness
Medial

Troo Good, a millet-based snack brand, has raised $9 million in a new round led by Puro Wellness. Existing investors Oaks Asset Management and V Ocean Investments have also participated. Entrackr had exclusively reported about the funding earlier this month. The company has raised around Rs 132 crore (around $15.7 million) to date including its Rs 55 crore in a Series A led Oaks Management in November 2021. According to the startup data intelligence platform TheKredible, Troo Good will be valued at Rs 322 crore or $38 million post-allotment. The proceeds will be used to support the company’s efforts in expanding infrastructure, enhancing distribution capabilities, and driving product innovation. Founded in 2018 by Raju Bhupati, Troo Good is a Hyderabad-based company that sells millet-based snacks, including chikkis, protein bars, and nutri bars. The company claims to sell over 2 million millet chikkis and other millet snacks every day. While the firm has yet to report FY24 numbers, Troo Good recorded a modest 7% growth in revenue, rising to Rs 52.7 crore in the fiscal year ending March 2023. However, effective cost management enabled Troo Good to achieve profitability during the same period. It competes with Slurrp Farm, which raised $7.2 million in January this year, as reported exclusively by Entrackr.

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