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Martech startup Fibr AI raises $5.7 Mn in seed funding led by Accel

EntrackrEntrackr · 1m ago
Martech startup Fibr AI raises $5.7 Mn in seed funding led by Accel
Medial

Martech startup Fibr AI raises $5.7 Mn in seed funding led by Accel Martech startup Fibr AI has raised $5.7 million in a seed funding round led by Accel, with participation from WillowTree Ventures and MVP Ventures. The round also saw backing from several Fortune 100 operators as angel investors. With this, Fibr AI’s total funding stands at $7.5 million, including a $1.8 million pre-seed round raised in 2024, also led by Accel. The fresh capital will be used to enhance product capabilities and expand enterprise adoption across global markets. Founded by Ankur Goyal and Pritam Roy, Fibr AI is building an agentic web experience platform that turns websites into adaptive systems designed to respond to visitor context in real time. The platform focuses on optimising on-site experiences for both human users and AI-driven traffic. Fibr AI embeds autonomous agents into individual URLs, enabling continuous optimisation and personalisation without relying on traditional A/B testing or manual workflows. The company says this allows websites to adjust experiences dynamically based on audience, channel, and intent signals. The startup claims its enterprise customers have reported reductions in customer acquisition costs and improvements in engagement metrics. Fibr AI currently works with large enterprises across banking, financial services, telecom, and healthcare sectors.

Exclusive: Brick&Bolt valuation soars 3X in new round

EntrackrEntrackr · 1y ago
Exclusive: Brick&Bolt valuation soars 3X in new round
Medial

Tech-enabled construction company Brick&Bolt is raising Rs 16.6 crore (approximately $1.95 million) in its pre-Series B round from Foundamental. Foundamental is a US-based investment firm that has previously invested in Indian companies, including Infra.Market in its Series A round in 2020. The board at Brick&Bolt has passed a special resolution to issue 369 pre-Series B compulsory convertible preference shares at an issue price of Rs 4,50,087 to raise the aforementioned sum, its regulatory filing sourced from the Registrar of Companies (RoC) shows. As per filings, the proceeds will be utilized for immediate working capital and long-term funding requirements for the business. Brick&Bolt provides construction solutions such as complete construction, carpentry, woodwork, kitchen renovations for land and home owners. It operates in Bengaluru, Mysuru, Hyderabad, Chennai, Delhi-NCR and Pune. According to startup data intelligence platform TheKredible, the Bengaluru-based firm has raised approximately $16.5 million to date, led by Surge Ventures, Accel, and Celesta Capital. This includes a $10 million Series A round secured in January 2023 from Accel and Celesta Capital. According to Entrackr’s estimates, the firm will be valued at approximately Rs 891 crore ($105 million) post-allotment, marking a nearly 2.9X increase from around Rs 310 crore ($36.5 million) in its Series A round. Participating investor Foundamental will hold an 8.28% stake. It’s likely to raise additional funds in this round, which may further impact its valuation. The company reported an 81% surge in operating revenue, standing at Rs 42.25 crore for the fiscal year ending March 2024. Notably, it managed to curb losses, which declined by 10% to Rs 31 crore in the last fiscal year (FY24).

Material Depot raises $10 Mn led by Accel and Stellaris Venture Partners

EntrackrEntrackr · 1m ago
Material Depot raises $10 Mn led by Accel and Stellaris Venture Partners
Medial

Material Depot raises $10 Mn led by Accel and Stellaris Venture Partners Interior design and home decor startup Material Depot has raised $10 million in a funding round co-led by Accel and Stellaris Venture Partners. The round also saw participation from Whiteboard Capital, DeVC, Soma Capital, and MyAsiaVC, along with a group of angel investors. The proceeds will be allocated to strengthen its technology stack across supply chain management, inventory planning, and assisted in-store selling. The startup will also expand its product portfolio and collections, and scale its offline presence across cities. Co-founded in 2021 by Sarthak Agrawal and Manish Reddy, Material Depot is a digital-first, one-stop shop for construction, interior design, and home decor materials. The platform offers curated collections, 3D visualisation, and direct-from-manufacturer sourcing for designers and homeowners. Material Depot follows an omnichannel model, allowing customers to discover products online and then visit physical experience centres to touch, feel, and compare materials before purchasing. The company currently operates three experience centres in Bengaluru and plans to expand to more than 30 across multiple cities over the next 12–18 months.

Consumer appliances startup EDT raises $1.4 Mn in pre-seed round led by Sauce VC

EntrackrEntrackr · 2m ago
Consumer appliances startup EDT raises $1.4 Mn in pre-seed round led by Sauce VC
Medial

EDT, a consumer appliances startup founded by Naiyya Saggi and Vyasateja Rao, has raised $1.4 million in a pre-seed funding round led by Sauce VC. The round also saw participation from Consumer Collective, Peak XV’s Spark Grant, and a group of founders, operators, and family offices. Angel investors in the round include founders and senior executives from companies such as Caratlane, Noise, Urban Company, Mokobara, Ultrahuman, Servify, Vahdam, Dixon Technologies, Cyient, Reckitt, and others. The brand has also onboarded advisors with experience across hardware, retail, and global consumer brands. The proceeds will be used to build its product pipeline, set up R&D and design processes, and hire talent across engineering, design, and manufacturing. EDT will also work with manufacturing partners in India and overseas. Founded in 2025, EDT is building a portfolio of consumer appliances across home, kitchen, and personal care categories. The startup plans to focus on product design, materials, and technology suited for modern households. Its initial products are expected to go live through preorders and waitlists between January and February 2026. Saggi, who previously founded BabyChakra and was part of the Good Glamm Group, exited her operational role last year. Rao is an industrial designer who earlier ran design studio Analogy before starting EDT. The startup plans to launch first in India and expand to markets such as the GCC and the US over time. EDT is positioning itself as a global consumer appliances brand built out of India, with a focus on everyday use cases.

Proptech startup Spintly raises Rs 3.5 Cr in extended seed round

EntrackrEntrackr · 1y ago
Proptech startup Spintly raises Rs 3.5 Cr in extended seed round
Medial

Proptech startup Spintly has raised Rs 3.5 crore in an extended seed funding round led by Spyre VC, along with participation from Accel India, Chakra Growth Fund, Alumni Ventures, and Doctor Technology. The company had previously raised $5.36 million from Letsventure, Riso Capital, Sucseed Indovation, and Accel Nest. The proceeds will be utilized to accelerate its market reach, increase its presence in different countries, strengthen senior management functions, and expand the scope of its smart building solutions by leveraging AI and machine learning, Spintly said in a press release. Co-founded in 2017 by Rohin Parkar and Malcolm Dsouza, Spintly leverages cutting-edge technologies to empower the way buildings operate by providing wireless, cloud-based access control solutions and smart building systems. With a focus on simplicity, scalability, and innovation, it eliminates the need for legacy systems by leveraging IoT, Edge AI, and smartphone-based technology to create seamless and efficient user experiences.

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