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B2B mobility startup DriverShaab raises pre-Series A round

EntrackrEntrackr · 4m ago
B2B mobility startup DriverShaab raises pre-Series A round
Medial

B2B mobility startup DriverShaab raises pre-Series A round Business-to-business (B2B) mobility solutions provider DriverShaab has raised Rs 2.82 crore in a pre-Series A funding round co-led by Firstport Capital and Inflection Point Ventures (IPV). The Kolkata-based company had previously raised $39.8K from IIMCIP and others. The proceeds will be utilized to scale its driver aggregation platform, enhance operational excellence, and strengthen technology infrastructure, DriverShaab said in a press release. Founded in 2019 by Avijit Das, DriverShaab offers on-demand driver services, logistics support, and employee transportation solutions for businesses. The startup leverages technology to streamline driver aggregation, making operations more reliable and efficient for enterprises across industries. According to market research, India's mobility market is valued at $900 million. DriverShaab leverages technology to streamline driver aggregation, ensuring seamless deployment, reduced downtime, and enhanced service reliability. The platform simplifies the driver aggregation model and is built to streamline fleet operations for businesses. The company aims to create seamless, tech-driven solutions that address the unique challenges of driver services. DriverShaab addresses driver supply challenges, operational inefficiencies, and fleet management complexities through its tech-driven approach. Currently, it has facilitated transactions worth Rs 26 crore since its inception, demonstrating strong demand and adoption of its platform.

Perkant Tech raises Rs 6.6 Cr in seed round

EntrackrEntrackr · 4m ago
Perkant Tech raises Rs 6.6 Cr in seed round
Medial

Perkant Tech raises Rs 6.6 Cr in seed round Indore-based health tech startup Perkant Tech has raised Rs 6.6 crore ($771K) in its seed round led by YourNest Venture Capital. The funding also saw support from the Government of India’s Atal New India Challenge (Rs 1 crore), Villgro Foundation (Rs 35 lakh), and Sanchi Connect (Rs 25 lakh). The proceeds will be used to help Perkant Tech improve its technology, grow its team, and prepare for a wider launch after successful tests. The firm also plans to add more features for detecting diseases early and helping in recovery tracking. Founded in 2020 by engineers Lokant Jain and Saniya Jeswani, Perkant Tech has created a smart AI-powered medical device that gives quick and clear health checks. Its main product, “Abhay Parimiti,” can scan a person’s health in under 60 seconds and works even in areas with limited doctors. Perkant’s technology is already patented in India and has a pending patent in the U.S. It is also aligned with India’s National Digital Health Mission. Its system can track over 700 body signals, helping people stay ahead of serious illnesses. The device is easy to use, making it helpful for both doctors and non-medical users in rural or remote places.

The need for Pre-Seed VC funds in India

Inc42Inc42 · 1y ago
The need for Pre-Seed VC funds in India
Medial

The article discusses the significance of pre-seed funding in the Indian startup ecosystem. Pre-seed funding fills the gap between bootstrapping and seeking traditional seed funding. It supports startups in their early stages by providing financial support, attracting talent, and validating their problem statements. Pre-seed investors require a deep understanding of the market and focus specifically on this stage of a startup's journey. They offer tailored support and guidance to early-stage startups, helping them navigate challenges and drive growth. Pre-seed funding benefits both startups and investors, allowing for early entry, influence on startup direction, potential high returns, and long-term relationships with entrepreneurs.

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