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CirclePe raises close to $1 Mn in pre-seed round

EntrackrEntrackr · 1y ago
CirclePe raises close to $1 Mn in pre-seed round
Medial

Fintech startup CirclePe has raised close to $1 million in its pre-seed round led by OTP Ventures, with participation from 1947 Rise, iSeed, IIT Delhi, Venture Catalyst, and founders and CXOs from OfBusiness, BharatPe, Uni Cards, OYO, and others. Led by Navan Jaiswal and Ankur Yadav, CirclePe’s ‘Smart Renting’ solution allows credit-worthy tenants to opt for a zero security-deposit move-in, enjoying the luxury of paying only their monthly rent without any extra charges. By partnering with major proptechs, CirclePe is enabling the smart renting feature for independent retail landlords and co-living operators, providing an easy and hassle-free rental experience. By eliminating the need for heavy security deposits paid by tenants and unlocking capital for landlords and co-living operators, CirclePe aims to disrupt the traditional rental value chain. Suhail Sameer, who is the former CEO of BharatPe, is serving venture capital firm OTP Venture as managing partner. As per a media report, OTP Ventures is also looking to close its debut fund at Rs 400 crore by June.

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Beauty brand Asaya raises $1.5 Mn from OTP Ventures and others

EntrackrEntrackr · 1y ago
Beauty brand Asaya raises $1.5 Mn from OTP Ventures and others
Medial

Premium skincare brand Asaya has raised Rs 12 crore ($ 1.5 million) in Seed funding round led by OTP Ventures and Huddle Ventures, with additional investments from Eternal Capital. The funds will be allocated towards melanin-centric research and developing more products that cater to melanin-specific needs, the company said in a press release. Part of the funding will also be utilised to enhance market reach. Launched in September 2023 by Neeraj Biyani (former Co-founder of Paper Boat), Mandeep Bhatia, and Eeti Sharma, Asaya has rapidly expanded its sales and customer base, retailing through its website and online retail platforms like Nykaa, Amazon, Flipkart, and Myntra. Currently, it claims to have more than 11 products and 23 SKUs. According to Biyani, this funding will help us go from 20,000 to over 250,000 consumers in the next 12 months. Suhail Sameer, who is the former CEO of BharatPe, is serving venture capital firm OTP Venture as managing partner. As per a media report, OTP Ventures is also looking to close its debut fund at Rs 400 crore by June. The firm recently led $1 million round in CirclePe.

AuraML raises $1 Mn in pre-seed round led by Turbostart

EntrackrEntrackr · 25d ago
AuraML raises $1 Mn in pre-seed round led by Turbostart
Medial

Snippets AuraML raises $1 Mn in pre-seed round led by Turbostart Deeptech startup AuraML has raised $1 million in a pre-seed funding round led by Turbostart, with participation from DeVC, GSF Accelerator, Indian Angel Network (IAN), and other investors. The funds will be used to accelerate product development, expand its presence in the US, and scale enterprise pilots across warehouse automation, industrial robotics, and next-generation autonomous systems. Founded by Ayush Sharma, AuraML is building a generative simulation platform that allows robotics companies to model, test, and deploy systems faster, more safely, and at lower cost. Its technology helps bridge the “sim-to-real” gap faced by traditional simulation tools, offering realistic testing environments for autonomous mobile robots (AMRs) and forklifts. AuraML’s simulation capabilities include text-to-world generation, advanced sensor noise modeling for LiDAR and camera data, and scalable cloud-based multi-robot deployment testing. By shifting from physical to virtual testing, AuraML claims to cut timelines from six months and $500,000 to just one week at a fraction of the cost. Its platform, AuraSIM, combines physically accurate 3D environments and synthetic data engines to support scalable, real-world-ready robotics development.

Postudio raises $1 Mn in pre-Seed funding

EntrackrEntrackr · 6m ago
Postudio raises $1 Mn in pre-Seed funding
Medial

Snippets Postudio raises $1 Mn in pre-Seed funding The funds will be used to scale up in the Indian enterprise market, develop AI-based product features, expand the team, and launch in the U.S. market in H2 2025. Gyan Vardhan 21 Jan 2025 13:08 IST Cloud-based post-production software company Postudio has raised $1 million in a pre-seed funding round led by Audacity Venture Capital. The funds will be used to scale up in the Indian enterprise market, develop AI-based product features, expand the team, and launch in the U.S. market in H2 2025. Founded by media veterans Dhawal Gusain and Harish Prabhu, Postudio offers a web-based platform that enhances post-production workflows with features like virtual editing, real-time collaboration, and AI-driven content localization. In under two years, Postudio has crossed the $1 million ARR milestone and aims to double its revenue in 2025, driven by rising demand for remote collaboration and a focus on affordability and data security. According to Postudio, its innovative platform has been rapidly adopted by media enterprises and independent production houses in India. The company is now poised for global expansion, aiming to redefine the post-production industry with scalable, cloud-based solutions that offer significant cost savings and enhanced security. The firm added that major media enterprises have achieved 20-40% savings by adopting Postudio, which provides easy implementation, user-friendly design, and enhanced security for content protection.

Amicco raises $1 Mn in seed round led by Eximius

EntrackrEntrackr · 3m ago
Amicco raises $1 Mn in seed round led by Eximius
Medial

Amicco, a B2B marketplace for auto spare parts, has raised $1 million in its seed funding led by Eximius Ventures, with participation from FJ Labs and other investors. The proceeds will be used to expand its network of independent garages, improve its tech platform, and strengthen its go-to-market efforts. Founded in 2024 by Vivek Aalok, Amicco helps garages access spare parts more easily, with better pricing and faster delivery. Vivek, who has previously worked on Wall Street and at Spinny, launched Amicco after seeing first-hand the inefficiencies in the auto aftermarket. Currently active in Gurugram, Amicco plans to scale to more cities across India. Its technology focuses on reducing downtime, improving customer service, and bringing transparency to a highly fragmented industry. Eximius Ventures, the lead investor in this round, is a pre-seed stage venture fund known for backing early-stage startups across fintech, SaaS, healthtech, gaming, and online media. Some of its notable portfolio companies include Jar, STAN, Skydo, and Eka.care.

Optimo Loan raises $10 Mn seed in round

EntrackrEntrackr · 1y ago
Optimo Loan raises $10 Mn seed in round
Medial

MSME-focused lending-tech startup Optimo Loan has raised $10 million in its seed round led by Blume and Omnivore, with additional contribution from Optimo’s founder, Prashant Pitti. The proceeds will be used to expand its operations, enhance its technology, recruit new talent, and broaden its presence to 20 locations in rural India by the end of this year, the startup said in a press release. Founded by Pitti, Optimo facilitates access to quick, easy, and flexible financing options for MSMEs. It supports businesses in investing in new technologies, increasing liquidity, and ensuring business continuity. The startup actively contributes to local job creation, economic growth, and community development. The startup is also building a co-lending platform for MSMEs with a unique underwriting method. This approach allows Optimo to gain deeper insights into the financial health of MSMEs, enabling informed lending decisions and catalyzing entrepreneurship and economic growth in rural communities. That said, early-stage India-focused venture fund Blume Ventures invests in seed and pre-Series A rounds in tech-led startups. It is presently investing via its Fund IV, a $300 million vehicle supported by institutional LPs and family offices. Following the close of Fund IV, Blume now has an AUM (Assets Under Management) of over $600 million.

The Wedding Company raises $1 Mn in pre-seed round

EntrackrEntrackr · 5d ago
The Wedding Company raises $1 Mn in pre-seed round
Medial

The Wedding Company raises $1 Mn in pre-seed round The company will use the funds to expand operations into new cities, invest in product and technology, and build a vendor partner network to standardize service delivery at scale. The Wedding Company has raised $1 million in a pre-seed funding round co-led by LVX (formerly LetsVenture) and Tremis Capital, with participation from other investors including Wakefit co-founder Chaitanya Ramalingegowda, Ajith Pai, and Dropbox co-founder Arash Ferdowsi. The company will use the funds to expand operations into new cities, invest in product and technology, and build a vendor partner network to standardize service delivery at scale. Founded in 2023 by Pawan Gupta and Rahul Namdev, The Wedding Company is a wedding planning and fulfillment platform that allows Indian couples to plan, book, and execute weddings. Operating in multiple cities, the platform connects users with verified vendors, offers competitive pricing, and manages execution across key service areas. The company aims to build a technology-enabled platform to streamline India's $130 billion wedding market. It provides services across venues, photography, décor, catering, and logistics. “Weddings in India are large and complex,” said Pawan Gupta, co-founder of The Wedding Company. “While the market is large, there is no brand managing fulfillment at scale. TWC is building a technology-driven and operationally efficient planning and fulfillment platform.” The Wedding Company has managed over Rs 60 crore (~$7.2 million) worth of service orders, delivering over 1,000 weddings across eight cities. Over the past 24 months, monthly bookings have grown significantly, exceeding Rs 10 crore in service orders and Rs 1 crore in net monthly revenue. The company recorded a Gross Order Value (GOV) of Rs 40 crore. Its current booking volume exceeds Rs 10 crore per month. It is targeting 3x growth in FY26 with an annual revenue goal of Rs 120 crore. Other startups in this space include Meragi, Weddingz.in, Wedding Cloud, Shaadilogy, Shaadi Baraati Event Management, among others.

Jobizo raises $1.4 Mn led by Alkemi Growth Capital

EntrackrEntrackr · 4m ago
Jobizo raises $1.4 Mn led by Alkemi Growth Capital
Medial

Jobizo raises $1.4 Mn led by Alkemi Growth Capital Healthcare HRtech firm Jobizo has raised $1.4 million in its pre-series funding round led by Alkemi Growth Capital. This investment follows the $500,000 seed funding round led by AROA Ventures in 2022. The proceeds will be used to create 100,000 healthcare jobs in India and 3,000 jobs abroad within the next 18 months and aims to complete 10 million job hours over time. Co-founded by Naveen Trehan and Avishek Agarwal, Jobizo is an AI-powered platform that connects employers with skilled professionals. The platform has contributed to over 10 million additional patient care hours in India. By using its expanding investor network and market expertise, Jobizo aims to create a welcoming environment for the workforce and tackle skill gap issues. Post seed round, Jobizo's growth claims to have grown over 500%, facilitated over 20,000 jobs in India and international countries, and helped fill over 10 million job hours.

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