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Botsync raises $5.2 Mn in Series A round

EntrackrEntrackr · 1y ago
Botsync raises $5.2 Mn in Series A round
Medial

Robotics startup Botsync has raised $5.2 million in its Series A round led by Capital 2B and Betatron Venture Group. IvyCap Ventures Advisors Private Limited, AppWorks, Iterative, Wong Fong, ZB Capital, Nalin Advani, and Ascend Angels have also participated in the round. The proceeds will be used to fuel product development, simplify platform onboarding, and enhance customer service capabilities, Bitsync said in a release. Founded in 2019 by Rahul Nambiar, Nikhil Venkatesh, Prashant Trivedi, and Singaram Venkatachalam, Botsync enables companies to use automated solutions for their manufacturing operations. Its no-code integration solutions (syncOS) and autonomous mobile robots (MAG Mobile Robots) help businesses to integrate cross-platform operations from different automations systems in a single platform. Its clientele includes several automotive OEMs, FMCG, food and beverage, and pharmaceuticals such as Ford Motors, Caterpillar, Nestle, Coca-Cola, and Kimberly Clark.

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Feline Spirits raises Rs 5.2 Cr in pre-Series A round led by IPV

EntrackrEntrackr · 1m ago
Feline Spirits raises Rs 5.2 Cr in pre-Series A round led by IPV
Medial

Feline Spirits raises Rs 5.2 Cr in pre-Series A round led by IPV Craft alcoholic beverage startup Feline Spirits has raised Rs 5.2 crore in a pre-Series A funding round led by Inflection Point Ventures (IPV). The proceeds will be used to expand the company’s portfolio and enter new markets. Founded by Prabhat Sharma and Rohit Saxena, Feline Spirits focuses on handcrafted vodka, whisky, and brandy in the premium and mass-premium segments, using authentic ingredients and transparent distilling practices. Feline Spirits is currently operational across eight states and union territories, with a customer base of over 20 lakh. In FY25, the brand claims to sell more than 4.1 lakh bottles (19,751 cases), generating Rs 25 crore in sales revenue. It has secured operating licenses in eight markets, including five government-owned and operated ones. With a gross profit margin of 55% in the premium segment, the platform aims to bridge the gap between low-quality mass-market products and high-priced international brands by offering affordable, premium spirits. According to market research, India’s spirits market is projected to reach $31 billion in 2024, growing at a CAGR of 6.51% through 2028. Globally, the market is expected to grow from $1.4 trillion in 2022 to $2 trillion by 2027.

Zomato-backed AdOnMo raises $7 Mn

EntrackrEntrackr · 1y ago
Zomato-backed AdOnMo raises $7 Mn
Medial

Ad-tech firm AdOnMo has raised Rs 58.21 crore (around $7 million) in its Series B1 round. This is the first major infusion in the Hyderabad-based company after its Series A round led by Zomato last year. The board at AdOnMo has passed a special resolution to issue 36 equity and 4,156 CCPS at an issue price of Rs 1,38,850 each to raise Rs 58.21 crore or $7 million, its regulatory filing with the RoC shows. Healthcare veteran Ravindranath Kancherla and his son Kancherla Pruthvinath injected Rs 16.6 crore while Qatar Insurance Company and ZNL Growth (Z Nation Lab) pumped in Rs 8 crore and Rs 1.80 crore, respectively. Three dozen individual investors including Manish Kailash Chhabra, Vindhya Guduru, Vikram Malhotra, Usha Reddy Chigarapalli, and Desireddy Srinivasa Reddy also invested in AdOnMo’s Series B round. The company will use these investments for business expansion and to meet working capital requirements, according to the filing. According to the startup data intelligence platform TheKredible, AdOnMo has been valued at around Rs 858 crore or $105 million (post-money). During the ongoing fiscal year, the company also raised Rs 20 crore in debt from Northern Arc and Alteria Capital. Founded in 2016 by Sandeep Bommireddi and Sravanth Gajula, AdOnMo is an ad-tech company which provides targeted digital advertising to outdoor digital screens (residential & corporate parks) across 21 cities. As of now, the company has raised around $25 million across rounds including its $15 million round led by Zomato last year. Before this round, Zomato was the largest external stakeholder with a 17.49% stake followed by BAce Capital and Astarc Ventures. AdOnMo grew at a rapid clip in the last fiscal year as its revenue from operations surged four-fold to Rs 75 crore in FY23. Meanwhile, the company’s losses stood at Rs 38 crore in the same period.

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