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CometChat raises $6.5 Mn from Run Ventures

EntrackrEntrackr · 1d ago
CometChat raises $6.5 Mn from Run Ventures
Medial

CometChat raises $6.5 Mn from Run Ventures In-app communication platform CometChat has raised $6.5 million (Rs 60 crore) in a strategic funding round from existing investor Run Ventures. The company has raised $21.1 million to date, including the current round. This capital infusion is positioned to support the company’s AI roadmap while the core business moves toward profitability. The proceeds will be used to support its AI expansion strategy, the company said in a press release. Founded in 2009 by Anuj and Anant Garg, CometChat offers a conversational platform with real-time chat, voice, video, AI agents, moderation, notifications, and analytics in a developer-focused solution. It is used by both early-stage startups and larger enterprises. According to the company, its AI strategy is built on three components: proactive outbound intelligence, multi-agent orchestration, and a customer intelligence layer. CometChat says it enables businesses to build and deploy conversational AI agents without requiring code or specialized AI expertise. The platform is designed to function as a primary interaction layer between businesses and customers, including a visual workflow builder to manage multiple AI agents, define handoffs, escalate to human support, and apply brand-specific controls.

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LightSpeed Photonics raises $6.5 Mn led by pi Ventures

EntrackrEntrackr · 3m ago
LightSpeed Photonics raises $6.5 Mn led by pi Ventures
Medial

LightSpeed Photonics raises $6.5 Mn led by pi Ventures LightSpeed Photonics has raised $6.5 million in a pre-Series A round led by pi Ventures, with participation from 500 Global, Indian Accelerator, 8X Ventures, Java Capital, and Bay Area angels. The company has now raised $8.5 million to date, including grants. The proceeds will be used to set up an R&D facility to reduce pilot turnaround time. LightSpeed will also strengthen its work with OEM, EMS, and ODM partners as it moves toward commercialising its optical interconnect product line for data-centre infrastructure. Founded in 2021 by Rohin Y and Ramana Pamidighantam, LightSpeed Photonics develops compact optical interconnects for data movement in AI and high-performance computing systems. Its short-wavelength laser technology is built to support higher data speeds, lower power use, and smaller hardware size. The firm targets applications across AI, HPC, edge computing, telecommunications, aerospace, and advanced manufacturing.

RAS Luxury Skincare raises $7.5 Mn in Series B led by Dabur Ventures

EntrackrEntrackr · 16d ago
RAS Luxury Skincare raises $7.5 Mn in Series B led by Dabur Ventures
Medial

Snippets RAS Luxury Skincare raises $7.5 Mn in Series B led by Dabur Ventures Skincare brand RAS Luxury Skincare has raised $7.5 million in a Series B funding round led by Dabur Ventures, with participation from Unilever Ventures. The Raipur-based company had previously raised over $6.5 million. Skincare brand RAS Luxury Skincare has raised $7.5 million in a Series B funding round led by Dabur Ventures, with participation from Unilever Ventures. The Raipur-based company had previously raised over $6.5 million in funding, including a Series A round led by Unilever Ventures. The proceeds will be used to accelerate its omnichannel expansion across digital and offline formats, including its D2C platform, e-commerce and quick commerce marketplaces, Exclusive Brand Outlets (EBOs), HORECA partnerships, and curated retail presence, RAS Luxury Skincare said in a press release. Founded in 2021 by Shubhika, Suramya and Sangeeta Jain, RAS Luxury Skincare operates a vertically integrated model spanning the cultivation of botanicals on family-owned farms, in-house R&D, and small-batch manufacturing. The company offers products such as face elixirs, serums and moisturisers, formulated with essential oils and plant-based actives. RAS Luxury Skincare plans to invest in brand-building and marketing initiatives to deepen consumer engagement in the premium luxury segment. It also plans to expand its team across key functions, including product development, marketing and operations, to support its next phase of growth. RAS claims to have demonstrated strong growth momentum, with a three-year revenue CAGR of approximately 75%, an ARR of about Rs 100 crore, and high gross margins. The company has a consumer base exceeding 5,00,000 unique customers and a strong multi-channel presence spanning its D2C platform, e-commerce and quick commerce marketplaces, and premium offline retail. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here.

Magma raises $5 Mn in Series A round led by Capria Ventures

EntrackrEntrackr · 11m ago
Magma raises $5 Mn in Series A round led by Capria Ventures
Medial

Magma, a B2B industrial solutions provider, has raised a $5 million Series A funding round, led by Capria Ventures. The round also saw participation from Avinya Ventures, Sanjiv Rangrass, and existing backers General Catalyst, Accion Venture Lab, and WEH Ventures. The Ahmedabad-based company had previously raised $3.3 million from General Catalyst, Accion Venture Lab, Titan Capital, WEH Ventures, and more. The fresh funds will be used to strengthen its position across core factory offerings, expand backward integration capabilities, and accelerate technological investments that enhance procurement agility for customers. Founded in 2022 by Neal Thakker, Magma is a B2B industrial solutions provider enabling Indian factories to scale efficiently and sustainably. Through a vertically integrated ecosystem spanning raw material customization, green energy, biomaterials, waste management, and logistics, it aims to build the infrastructure backbone for India’s manufacturing sector. Magma enables factories to access high-quality customized raw materials, power their operations with green energy and biomaterial solutions, and manage waste responsibly by converting it into recyclable inputs. By building deep supply-side capabilities, the company has created a value-chain-first model that delivers consistency, control, and efficiency at scale while staying agile to customer needs. Since its inception, Magma has built a diverse client base of over 250 industrial customers across various sectors, including ceramics, industrial chemicals, and packaging. The company is currently growing at a Rs 250 crore revenue run rate and has been operationally profitable. Looking ahead, Magma aims to achieve a Rs 1,000 crore revenue run rate within the next 24 months, driven by rapid adoption across India’s SME manufacturing sector.

Testsigma raises $8.2 Mn led by MassMutual Ventures

EntrackrEntrackr · 1y ago
Testsigma raises $8.2 Mn led by MassMutual Ventures
Medial

AI-based low-code test automation platform Testsigma has raised $8.2 million in funding led by MassMutual Ventures, along with existing investors Accel, STRIVE, and BoldCap. Earlier, in 2022, Testsigma raised $4.6 million led by Accel, with participation from STRIVE and BoldCap. Founded in 2019 by Rukmangada Kandyala, Pratheep Velicherla, Vikram Chaitanya, and Rajesh Reddy, Testsigma is a Gen AI-powered, low-code test automation platform that helps quality engineering teams to automate tests at speed and scale without coding expertise. The platform helps users to rapidly create, organise, and run automated tests for web and mobile applications, as well as APIs, using plain English through to its NLP (Natural Language Programming) engine. Its clientele includes Sage, HPE, Netgear, HDFC Life, IEEE, SignEasy, American Psychological Association, and Mehiläinen.

Exclusive: Zypp Electric raises $6.5 Mn in ongoing Series C

EntrackrEntrackr · 1y ago
Exclusive: Zypp Electric raises $6.5 Mn in ongoing Series C
Medial

Exclusive: Zypp Electric raises $6.5 Mn in ongoing Series C B2B delivery and shared mobility startup Zypp Electric is raising Rs 55.4 crore ($6.5 million) from 16 investors, which seems to be part of the ongoing Series C funding round for the Gurugram-based company. The board at Zypp Electric has passed a special resolution to issue 564 Series C2 CCPS at an issue price of Rs 9,83,005 each to raise Rs 55.4 crore, its regulatory filing accessed from the Registrar of Companies shows. Individuals including Ajay Kumar Aggarwal, Samir Goenka, Narinder Bajaj, Kapil Kriplani, Vega Industries, Gagan Khanna, Supersonic Carrier, Nirmal K Bathwal, and 10 other investors will cumulatively participate during the investment. According to Entrackr’s estimates, the company will be valued at around $335-350 million. This seems to be part of an ongoing round, and the valuation may vary with further injection. According to the company, it may raise up to $50 million in the Series C fundraise. In May last year, Zypp kicked off the new round with a $15 million tranche led by ENEOS. The company was backed by IAN Fund, 9 Unicorns (now 100 Unicorns), Anthill Ventures, Eiman Abdullah Mahfood Al Qatar, and others. Founded by Akash Gupta and Rashi Agrawal in 2017, Zypp Electric is an EV-as-a-service platform offering electric vehicle rentals along with delivery services through its e-scooter fleet for gig workers. The company claims to have around 22,000 active vehicles in its fleet, with 15,000 in Delhi NCR, 4,000 in Bengaluru, and 1,200 in Mumbai. Zypp Electric witnessed significant 2.6X growth, with its operating revenue crossing Rs 290 crore during the fiscal year ended March 2024. However, in pursuit of scale, the losses for the firm rose 2.2X to Rs 91 crore in the same period.

Jewelbox raises $3.2 Mn in pre-Series A round

EntrackrEntrackr · 11m ago
Jewelbox raises $3.2 Mn in pre-Series A round
Medial

Lab-grown diamond brand Jewelbox has raised $3.2 million in a pre-Series A funding round led by V3 Ventures, with participation from Atrium Angels, Dexter Ventures, Infinyte Club, Samarthya Capital, and existing investor JITO Incubation & Innovation Foundation (JIIF). In March 2024, the Kolkata-based startup had raised Rs 3.7 crore in seed funding from JIIF. The proceeds will be used to grow its store network, build brand awareness, and hire across key departments. Founded in May 2022 by siblings Vidita Kochar Jain and Nipun Kochar, Jewelbox sells lab-grown diamond jewellery through both online and offline channels. The firm reported an annual revenue run rate (ARR) of Rs 38 crore for FY25, up from Rs 16 crore the previous year. Jewelbox currently runs eight stores in six cities—Delhi, Gurgaon, Bengaluru, Chennai, Kolkata, and Guwahati—and aims to expand to 30 stores by the end of 2025. In the lab-grown diamond space, Jewelbox will compete with a clutch of firms, including COLUXE, Fiona Diamonds, Limelight Lab Grown Diamonds, and Firefly Diamonds. Aditya Birla-backed GIVA also offers a lab-grown diamond jewellery line. Last month, Firefly Diamonds raised $3 million in its seed round led by WestBridge Capital. Jewelbox and other new brands have asked the Central Consumer Protection Authority (CCPA) to stop the use of the term "synthetic" for lab-grown diamonds, saying it confuses with imitation stones like cubic zirconia.

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