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Autocracy Machinery raises pre Series A round led by Venture Catalysts
Entrackr
·
1y ago
Medial
Machine manufacturing startup Autocracy Machinery has raised Rs 5 crore in a a pre Series A round led by Venture Catalysts along with participation from Nikhil Jaisinghani, Bharat Jaisinghani and SFour Capital. The Hyderabad-based company had earlier secured $1.2 million back in 2023 from Venture Catalysts, Z Nation Lab, Hem Angels and others. The proceeds will be allocated towards enhancing its research and development capabilities, and expanding its manufacturing and marketing footprint, Autocracy Machinery said in a press release. Co-founded in 2020 by Santhoshi Buddhiraju and Laxman Vallakati, Autocracy manufactures machines for construction, agriculture, and infrastructure purposes. The company offers a comprehensive range of products, including trenchers, landscaping machinery, agricultural attachments, and water body conservation machines like lake cleaners. Autocracy exports its products to the Middle East and Africa. The company also claims to have machinery which has superior performance and is priced to ensure accessibility for both business and individual clientele. Recently, 9Unicorns, a part of multistage investing firm Venture Catalysts Group, rebranded itself to 100Unicorns. It also announced the launch of its second accelerator fund called 100Unicorns Fund II with a target size of $200 million including a green-shoe option of $100 million.
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Manufacturing startup Autocracy Machinery raises $1.2M led by Venture Catalysts, others
IndianStartupNews
·
1y ago
Medial
Autocracy Machinery, a manufacturer of trenching and construction machinery, has raised $1.2 million in a seed funding round. The Indian startup plans to use the funds to expand its distribution network, invest in R&D, and enhance manufacturing capabilities. Venture Catalysts led the round, with participation from individual investors and HEM Angels, VC Grid, and S Four. Autocracy aims to contribute to the 'Make in India' initiative by providing efficient, locally designed machinery for various sectors. The company has seen significant revenue growth and aims to achieve revenues of Rs 60 crore by 2025.
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Neo San, two others raise equity funding, Celebal secures debt investment
VCCircle
·
1y ago
Medial
Climatetech startup Neo San, machinery manufacturer Autocracy Machinery, and sportstech startup Machaxi have all secured funding. Neo San raised $1.5 million in a seed funding round, Autocracy Machinery raised $598,833 in a pre-Series A round, and Machaxi secured $574,843 in a pre-Series A round. Additionally, software consulting firm Celebal Technologies raised an undisclosed amount of debt funding. These companies will use the funds for various purposes such as scaling technologies, developing new technology, expanding markets, and enhancing market penetration.
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Nautical Wings Aerospace raises funding from Venture Catalysts
Inshorts
·
11m ago
Medial
Bengaluru-based Nautical Wings Aerospace has raised an undisclosed amount in a pre-Series A funding round led by Venture Catalysts and 1Crowd. Founded in 2020, Nautical Wings Aerospace specializes in delivering state-of-the-art, tailored propulsion solutions to OEMs on a global scale. The startup is developing its flagship product, the Integrated Electric Propulsion Unit (iEPU).
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Silence Laboratories, four others raise early-stage funding
VCCircle
·
1y ago
Medial
Privacy-tech startup Silence Laboratories, SaaS startups Zvolv and Nurturev, construction material marketplace Bandhoo, and ambulance service provider Dial4242 have announced early-stage funding. Silence Laboratories raised $4.1 million in a pre-Series A funding round led by Pi Ventures to scale their technology and expand their presence. Zvolv raised $1.9 million led by Silverneedle Ventures to enhance their low-code/no-code AI platform. Nurturev secured $1 million in a pre-seed funding round led by Antler, while Bandhoo raised $886,479 in a pre-Series A funding round led by Venture Catalysts. Dial4242 secured $120,609 in seed funding from Raj Neravati to improve their ambulance services.
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Venture Catalysts partially exits Insurance Samadhan with returns up to 3.65x
IndianStartupNews
·
1y ago
Medial
Indian venture capital firm Venture Catalysts has announced a partial exit from Insurance Samadhan, yielding up to 3.65x returns on its initial investment. The tech-based platform specializes in resolving insurance complaints. Venture Catalysts had invested in Insurance Samadhan in a Seed and pre-Series A funding round. Insurance Samadhan has also raised $2 million in a Series A funding round, showcasing significant growth and becoming a trusted platform for resolving insurance grievances. Venture Catalysts typically invests $250,000 - $2 million in early-stage startups.
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Plant-based kids’ clothing brand Kidbea raises $1 Mn led by VCats
Startup News FYI
·
1y ago
Medial
Kidbea, a bamboo-based kids' fashion brand, has secured $1 million in a pre-Series A funding round led by Venture Catalysts. The round also included participation from Agility Ventures, BestVantage Investments, and notable individuals including founders of Droom and a celebrity actor from Japan. The funds will be utilized for marketing, team expansion, operational improvements, R&D, and technology. Kidbea aims to become a Rs 500 crore brand within the next three years and has witnessed significant revenue growth in FY23.
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Fiona Diamonds, The Quorum Club secure early-stage funding
VCCircle
·
1y ago
Medial
Fiona Diamonds and The Quorum Club have secured early-stage funding. Fiona Diamonds, a lab-grown diamond brand, raised $724,799 in a seed funding round led by Venture Catalysts. The Quorum Club, a lifestyle hospitality brand, received an undisclosed amount in a pre-Series A funding round from Gruhas. Both companies plan to use the funding to expand their presence and develop their products/services.
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construction technology startup Bandhoo raises Rs 7.35Cr led by Venture Catalysts, others
IndianStartupNews
·
1y ago
Medial
Construction technology and services startup, Bandhoo, has secured Rs 7.35 crore ($0.9 million) in a pre-Series A funding round led by Venture Catalysts. Bandhoo offers cloud-SaaS and marketplace solutions to streamline the construction ecosystem for developers, builders, contractors, material suppliers, and construction workers. The funding will be used to strengthen the company's Go-To-Market teams in various metro cities, enhancing product development and driving growth. With thousands of users across the industry, Bandhoo is poised to transform India's construction market.
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Lucknow-based hyperlocal content-commerce platform Knocksense raises funding from Venture Catalysts
IndianStartupNews
·
1y ago
Medial
Lucknow-based hyperlocal content-commerce platform, Knocksense, has raised an undisclosed amount in pre-Series A funding. The funding round was led by Venture Catalysts and saw participation from notable investors including Nitish Mittersain, founder of Nazara Technologies, and Mohit Satyanand, chairman of Teamwork Arts. Knocksense operates on a subscription-driven commerce model that pairs curated content feeds with exclusive privileges at local establishments. The platform currently operates in Lucknow, Indore, Kanpur, Mumbai, and Ahmedabad, with plans for further expansion. The funds raised will be used for market penetration, technological infrastructure enhancement, and expanding offerings.
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BharatGPT Maker CoRover Raises $4 Mn To Bolster Its GenAI Ops
Inc42
·
10m ago
Medial
CoRover, the creator of BharatGPT, has raised $4 million in a Series A funding round led by Venture Catalysts. The funds will be used to enhance their conversational AI chatbots and expand their team of AI experts. CoRover has been profitable for the past three years and aims to strengthen its technology and go-to-market strategy.
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