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AI startup Zoca raises $6 million from Accel, Elevation Capital, others

Economic Times

Economic Times · 1m ago

AI startup Zoca raises $6 million from Accel, Elevation Capital, others

AI startup Zoca has raised $6 million in a funding round led by Accel, with participation from GTMfund, Elevation Capital, and Better Capital. Founded by IIT Kharagpur alumni Ashish Verma and Robin Chauhan, Zoca uses AI agents to assist hyperlocal businesses, such as salons and florists, with marketing and growth. The funding will support their US market strategy and enhance AI capabilities, currently serving over 1,000 beauty and wellness businesses, generating significant revenue.

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Mythik, Biostate AI, Zoca get funding; PaySprint eyes second tranche of Series A

VCCircle

VCCircle · 1m ago

Mythik, Biostate AI, Zoca get funding; PaySprint eyes second tranche of Series A

Mythik, Biostate AI, and Zoca have recently secured funding from various investors, including Accel and InfoEdge Ventures. Mythik raised $15 million for its entertainment technology business, aiming to promote Eastern mythology globally. Biostate AI received $12 million to enhance its RNA sequencing capabilities for precision medicine. Zoca garnered $6 million to expand its AI-driven marketing solutions. Meanwhile, fintech company PaySprint is preparing to raise an additional $3 million in its Series A funding round.

Dezerv Raises $32 Mn From Premji Invest, Others At A Valuation Of Over $200 Mn

Inc42 · 1y ago

Dezerv Raises $32 Mn From Premji Invest, Others At A Valuation Of Over $200 Mn

Dezerv, a wealthtech startup, has received a $20 million investment from Premji Invest in its Series B funding round. Existing investors, including Elevation Capital, Matrix Partners, and Accel Partners, also participated in the funding. Established in 2021, Dezerv claims to have managed assets worth over INR 6,000 crore since its inception.

B2B robotics maker Haber raises $44 Mn in Series C round

Entrackr

Entrackr · 7m ago

B2B robotics maker Haber raises $44 Mn in Series C round

Industrial robotics maker Haber has raised $44 million in its Series C round led by Creaegis, BEENEXT, and Accel. The round comprised $38 million in equity and $6 million in debt. Entrackr had exclusively reported the Series C round in October. The proceeds will be used to scale its operations internationally, particularly in the US, to serve the demand for AI-led industrial automation solutions. Founded by Raghavan, Arjunan PN, and Priya Venkat, Haber develops AI-powered industrial robots that automate labor-intensive tasks like sample collection, measurement, analysis, and intervention in factories. According to its website, Haber helps industries reduce chemical consumption as well as energy and water usage across sectors such as food and beverages, agriculture, and oil and gas. The company has raised over $70 million to date, including a $20 million Series B round led by Ascent Capital with participation from Accel, Elevation, and Beenext in November 2021. Accel is the largest external stakeholder with an 18.1% stake, followed by Creaegis and Elevation. Head to TheKredible for the complete shareholding breakup. While FY24 numbers are yet to be disclosed, Haber reported a total revenue of Rs 82 crore and a loss of Rs 36.7 crore in FY23. It directly competes with Prosus-backed Detect Technologies, Altizon, and Fero Labs, among others. Haber counts ITC, Aditya Birla, and Tata Steel among its clientele. Some of its portfolio includes automation services for chemical dosing across different applications, including sugar mills, distilleries, paper mills, breweries, independent institutions, and mining operations.

Swiggy IPO: Accel, Elevation Capital see over 3300% gain, Prosus likely to get Rs 4,254 Cr

YourStory

YourStory · 8m ago

Swiggy IPO: Accel, Elevation Capital see over 3300% gain, Prosus likely to get Rs 4,254 Cr

Indian food delivery platform Swiggy has set the price range of its initial public offering (IPO) at ₹371-390 ($4.98-$5.24). The IPO will be open for bidding from 6 to 8 November, and early investors including Accel and Elevation Capital are set to make significant gains. Accel will see a return of 3,391% on its investment, while Elevation Capital will gain 3,309%, based on the upper end of the IPO price. Swiggy plans to raise ₹44.99bn ($600m) in fresh capital through the issuance of new shares.

Sprinto Raises $20 Mn From Accel, Others

Inc42 · 1y ago

Sprinto Raises $20 Mn From Accel, Others

RegTech startup Sprinto has raised $20 million in Series B funding led by Accel. The funding round also included participation from existing investors Elevation Capital and Blume Ventures. Sprinto, founded in 2020, provides enterprises with automation tools for risk and compliance requirements. The company plans to use the funding for research and development, focusing on intelligent automation and artificial intelligence, as well as expanding into new markets.

Exclusive: B2B robotics startup Haber raises $38 Mn in Series C

Entrackr

Entrackr · 9m ago

Exclusive: B2B robotics startup Haber raises $38 Mn in Series C

Industrial robotics maker Haber has raised Rs 317.2 crore (approximately $38 million) in its Series C round, led by Creaegis with participation from Accel India and BEENEXT Capital. This new round materialized for the Pune-based company after a three-year gap. The board at Haber has passed a special resolution to issue 100 equity shares and 457,572 Series C preference shares to raise the above sum, according to regulatory filings accessed by Entrackr. Creaegis led the round with Rs 200.35 crore, while Beenext and Accel participated with Rs 83.5 crore and Rs 33.4 crore, respectively. The investment will support the company’s expansion, growth, and other capital requirements. According to TheKredible, Haber’s post-allotment valuation is approximately Rs 1,242 crore ($148 million). Haber develops AI-powered industrial robots that automate labor-intensive tasks like sample collection, measurement, analysis, and intervention in factories. According to its website, Haber helps industries reduce chemical consumption as well as energy and water usage across sectors such as food and beverages, agriculture, and oil and gas. The company has raised over $65 million to date, including a $20 million Series B round led by Ascent Capital with participation from Accel, Elevation, and Beenext in November 2021. Accel is the largest external stakeholder with an 18.1% stake, followed by Creaegis and Elevation. Head to TheKredible for the complete shareholding breakup. While FY24 numbers are yet to be disclosed, Haber reported a total revenue of Rs 82 crore and a loss of Rs 36.7 crore in FY23. It directly competes with Prosus-backed Detect Technologies, Altizon, and Fero Labs, among others.

Peak XV Partners leads $40-mn Series B in Scapia

VCCircle

VCCircle · 3m ago

Peak XV Partners leads $40-mn Series B in Scapia

Scapia, a travel fintech startup focused on co-branded credit cards for Gen Z and millennials, raised $40 million in a Series B funding round led by Peak XV Partners, with backing from Elevation Capital and others. The funding will enhance product offerings, leverage AI, and foster growth. Scapia's credit card offers no fees, high rewards, and exclusive travel benefits. The startup previously raised $23 million in Series A and $9 million in seed funding.

Swiggy IPO’s anchor investment bids to open tomorrow

YourStory

YourStory · 8m ago

Swiggy IPO’s anchor investment bids to open tomorrow

Swiggy, the food delivery player, is set to launch its initial public offering (IPO) with the bidding process scheduled to begin on November 6. The company aims to achieve a valuation of Rs 87,000 crore ($11.3 billion) and plans to list on domestic stock exchanges by November 13, 2024. Swiggy is looking to raise Rs 4,499 crore through the issuance of fresh shares, while existing shareholders, including early investors like Accel and Elevation Capital, will also sell around 175 million shares. Accel and Prosus are expected to realize significant gains from their investments.

Decoding Seed round of former Swiggy CTO Dale Vaz’s startup

Entrackr

Entrackr · 1y ago

Decoding Seed round of former Swiggy CTO Dale Vaz’s startup

Dal Vaz, former CTO of foodtech giant Swiggy, has launched his new startup, Aaritya Technologies, which recently raised seed funding from Accel Partners and Elevation Capital. The exact amount of funding was not disclosed. Aaritya Technologies has been valued at around $25 million post-money and plans to use the funds for general operating expenses, expansion, and capital expenditure. The startup aims to be a personalized trading platform, and Vaz had previously held key technology roles at Swiggy and Amazon India.

SaaS startup Simplismart raises $7 Mn in Series A funding

Entrackr

Entrackr · 8m ago

SaaS startup Simplismart raises $7 Mn in Series A funding

Bengaluru-based SaaS startup Simplismart has secured $7 million in a Series A funding round led by Accel, with participation from Shastra VC, Titan Capital, and others. Entrackr exclusively reported about the funding in July this year. As per sources, the company will be valued at around $35 million. The proceeds will be used to expand research and development (R&D) initiatives and accelerate growth, Simplismart said in a press release. Co-founded in 2022 by Amritanshu Jain and Devansh Ghatak, Simplismart offers an AI-based no-code machine learning platform that allows users to train custom machine learning models using their data, powering applications and decisions without writing code. Simplismart aims to simplify AI adoption for enterprises by providing a high-performance, cost-effective platform that addresses common challenges in enterprise AI deployment, such as performance trade-offs and the complexities of standardized workflows. The startup seeks to eliminate issues related to high costs, poor ROI, data privacy, and the need for customization to avoid downtime. In July 2023, AWS and Accel launched the AWS ML Elevate program which selected 35 generative startups from India and Simplismart was a part of the cohort.

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