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YourStoryYourStory · 10m ago
Startup news and updates:
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Uravu, a Bengaluru-based startup, has raised undisclosed funding led by AWE Funds. The funding will be used to scale its premium beverage model that provides over 4,000 litres of water daily to hospitality clients in Bengaluru. Additionally, Gemba Capital has appointed Somak Ghosh to its advisory board. Ghosh brings over 30 years of experience in banking and will contribute to the micro VC fund's investments in startups. In other news, Collective Artists Network and Pinterest have created 100,000 shoppable content pieces for Myntra, Urban Space is expanding into quick commerce, Origin has launched fresh produce delivery pods in Bengaluru, and Hoonartek has launched RealizeAI, an AI solutions suite for various industries in India.

NFT platform Zora is offering a novel way for AI model makers to earn money

TechCrunchTechCrunch · 1y ago
NFT platform Zora is offering a novel way for AI model makers to earn money
Medial

Social network platform Zora is expanding into the artificial intelligence (AI) market. Zora aims to assist creators, artists, and brands in monetizing their content through non-fungible tokens (NFTs). The platform, built on the Optimism blockchain, has seen over $300 million in secondary sales and over 4 million NFTs minted since its founding in 2020. Zora aims to integrate crypto and AI technologies, as both benefit from having information on-chain. The platform recently launched AI-powered minting capabilities, allowing creators to generate images almost instantly. Zora believes that blockchains can help verify and authenticate the ownership of creations, increasing transparency.

Bebe Burp raises Rs 8 Cr led by Gruhas Collective Consumer Fund

EntrackrEntrackr · 1y ago
Bebe Burp raises Rs 8 Cr led by Gruhas Collective Consumer Fund
Medial

Baby food brand Bebe Burp has secured Rs 8 crore (nearly $1 million) in a pre Series A funding round led by venture capital firm Gruhas Collective Consumer Fund (GCCF). This fund was launched by Gruhas in collaboration with Collective Artists Network earlier this year. The Surat-based company had earlier raised $419K from LetsVenture and others back in 2022. The proceeds will be channeled towards market growth, advanced product development, marketing campaigns, hiring, talent acquisition, innovation & R&D, Bebe Burp said in a press release. Co-founded in 2018 by Shruti Tibrewal, Bharat Tibrewal, and Chirag Gupta, Bebe Burp weeds out the challenges of harmful chemicals and preservatives. It aims to introduce nutritious alternatives that provide easy, healthy solutions for kids, making healthy eating. The company prepares instant mixes, cookies, and snacks like multi-flavoured porridge mixes, 100% millet puffs, ragi cookies, organic jaggery powder, and more. According to market research, the Indian baby food market will reach around $109 billion by the end of 2027, growing at a CAGR of 6.1%. Bebe Burp plans to make foray into international markets such as the Middle East, Europe, and Southeast Asia and intends to establish a presence in over one lakh retail stores across India. The brand claims to have served more than 1,50,000 customers since inception. Bebe Burp may directly or indirectly compete with the other startups like The Moms Co, Babease Foods, Else Nutrition, Baby Destination, Little Charlie amongst others.

Debt resolution platform Credgenics acquires Arrise

EntrackrEntrackr · 5d ago
Debt resolution platform Credgenics acquires Arrise
Medial

Debt resolution platform Credgenics acquires Arrise Arrise, founded in 2019, has a presence across over 25 Indian states through a network of over 5,000 professionals and provides calling services in more than 13 vernacular languages. Credgenics, a SaaS-based debt collections and resolution platform, has launched CG Setu, an initiative to strengthen field debt collections through the acquisition of Arrise, a collections service provider focused on the BFSI sector. According to Credgenics, CG Setu will be a unique field fleet of smarter, agile, and digitally empowered personnel with standard operating procedures that act as an on-ground bridge between lenders and borrowers. This move will harness its collections technology leadership and Arrise’s expansive pan-India network. Arrise, founded in 2019, has a presence across over 25 Indian states through a network of over 5,000 professionals and provides calling services in more than 13 vernacular languages. It will continue to operate under its existing leadership team for a minimum period of 5 years. With this acquisition, Credgenics becomes a comprehensive full-stack collections solutions provider with a pan-India presence offering end-to-end capabilities, including on-field operations across over 18,000 pin codes, digital collections, multiple dialers, voice bots, litigation and repayment management systems, and strategic consulting on collections and legal workflows. “This strategic partnership marks a huge step forward in Credgenics’ mission to transform debt collections with technology. CG Setu will disrupt the field collections model with its efficient, data-driven, and compliant approach. It will deliver greater efficiency and complete transparency for lenders, while providing a superior experience for borrowers,” said Rishabh Goel, co-founder & CEO, Credgenics. Credgenics claims to have handled over 98 million loan accounts worth more than $250 billion in FY24 and facilitated 1.7 billion omnichannel communications for over 150 financial institutions globally. The company has raised approximately $80 million to date, including a $50 million Series B round led by WestBridge Capital in August 2023. Credgenics has posted a 40% jump in its annual revenue to Rs 220 crore in FY25 and also reported a profit before tax of Rs 25 crore for the same period.

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