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Conscious Chemist raises $1.8 Mn in bridge round led by Atomic Capital

EntrackrEntrackr · 5h ago
Conscious Chemist raises $1.8 Mn in bridge round led by Atomic Capital
Medial

Skincare brand Conscious Chemist has raised Rs 15 crore (about $1.8 million) in a bridge round led by Atomic Capital. The round also saw participation from First Port Capital and IPV International. In February 2024, Conscious Chemist had raised Rs 1 crore in debt capital from Recur Club. The company was also featured in Shark Tank India Season - III but did not get any funding from there. The proceeds will be used to strengthen its leadership team, scale inventory and marketing operations, and invest in product innovation and research. It is also preparing to expand into new categories including scalp and hair care. Founded in 2021 by Robin Gupta and Prakher Mathur, Conscious Chemist operates in the active-first skincare segment with a portfolio of more than 30 products across acne care, sunscreens, cleansers and serums. The brand focuses on science-backed formulations using ingredients such as salicylic acid, peptides, ceramides, and retinol. Over the last 12 months, Conscious Chemist claims to have reported 3x revenue growth and has turned profitable at the CM3 level. The brand claims 75% gross margins and a customer base of over 2.5 million users, with a retention rate nearly twice the industry average. Quick-commerce channels including Blinkit, Instamart and Zepto have contributed to a three-fold growth in sales. The startup is now targeting an ARR of Rs 500 crore over the next 24–36 months while maintaining profitability.

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Community platform Hack2Skill raises $1 Mn in debt and equity

EntrackrEntrackr · 1y ago
Community platform Hack2Skill raises $1 Mn in debt and equity
Medial

Community platform Hack2Skill has raised $1 million in debt and equity financing round co-led by Recur Club and String Ventures. Founded in 2021 by Samkit Sharma, Hack2Skill is an operator of a hackathon platform intended for communities and corporations to manage hackathons in a better way. The platform features a suite of tools that help communities and corporations to manage hackathons, including registration, team matchmaking, event timeline, internal chat, and more, enabling companies to upskill developers by providing them with a platform to learn new skills, build projects, and earn rewards. Also Read: Recur Club plans to deploy Rs 2,000 Cr in 2024: Interview with Eklavya Gupta Hack2Skill claims to have a community of more than 2.5 million tech enthusiasts and focuses on empowering its community to find innovative solutions collaboratively by organising hackathons, workshops, and boot camps. Recur Club has disbursed over $100 million to over 500 companies, including Ustraa, Rage Coffee, Moveinsync, Keka HR, Xoxodays, and others. Last month, it invested in skincare brand Conscious Chemist.

TraqCheck raises bridge round at $17 Mn valuation

EntrackrEntrackr · 3m ago
TraqCheck raises bridge round at $17 Mn valuation
Medial

Snippets TraqCheck raises bridge round at $17 Mn valuation TraqCheck, an AI enterprise startup focused on HR systems, has raised a bridge round at a $17 million valuation, for an undisclosed amount. The round was led by angel investors Alok Oberoi (Chairman, Everstone Capital) and Siddharth Mehta (Founder, Bay Capital), with participation from Sivaramakrishnan S. Iyer (Advisor, Bay Capital). The proceeds will be used to scale its background verification product in India and Europe, launch new AI-based HR tools, and strengthen teams in product, engineering, and growth. Founded by Jaibir Nihal Singh, Armaan Mehta, and Rishabh Jain, TraqCheck builds AI agents for enterprises, starting with background verification. Its product uses deterministic LLM frameworks to automate screening processes and reduce turnaround times, helping HR teams improve compliance and efficiency. It has scaled across India and recently expanded into Europe. TraqCheck raised its last round in 2023 at a $14 million valuation. Since then, it has grown rapidly, serving over 200 enterprise clients across BFSI, staffing, healthcare, and the gig economy. The firm is targeting a 3x revenue increase in 2025 as demand for automated HR solutions rises. TraqCheck competes with global background verification and HR tech players like HireRight, First Advantage, and Checkr.

Dronetech startup Zuppa raises $1.5 Mn in bridge round

EntrackrEntrackr · 4m ago
Dronetech startup Zuppa raises $1.5 Mn in bridge round
Medial

Dronetech startup Zuppa raises $1.5 Mn in bridge round Zuppa, a Chennai-based deep-tech startup focused on autonomous drone systems, has raised $1.5 million in a bridge funding round led by entrepreneur Rahul Dewan (founder of Srijan Technologies) with participation from Ajay Gupta (Capital Foods) and the Mangwani Family Office (ex-Aquapharm Chemicals). The round brings both capital and high-impact entrepreneurial backing to the company. The new funds will be used to strengthen Zuppa’s R&D and deepen its presence in defence and dual-use drone technologies. Founded by aerospace engineers, Zuppa builds fully indigenous drone intelligence platforms including flight control systems, vision guidance, secure cyber-physical stacks, and AI-based targeting. These systems are designed to operate independently of GPS and high-bandwidth internet, enabling performance in complex and remote environments. The firm claims to have built a high-barrier entry position in the defence drone segment and is already involved in post-Operation Sindoor deployments where Indian drone tech was found lacking. With deployments already underway and a patent-backed IP stack, Zuppa is also collaborating with academic institutions and government bodies to influence national drone policy and standards.

Connecty AI raises $1.8 Mn in pre-seed round

EntrackrEntrackr · 1y ago
Connecty AI raises $1.8 Mn in pre-seed round
Medial

Enterprise AI solutions platform Connecty AI has raised $1.8 million in its pre-seed round led by Market One Capital. The round also saw participation from Notion Capital and data industry experts including Marcin Zukowski, co-founder of Snowflake and Maciej Zawadzinski, founder of Piwik PRO. The proceeds will be used to expand its context engine's capabilities across additional data sources and offer it as a service via API. Founded by Aish Agarwal and Peter Wisniewski, the platform connects to data warehouses like Snowflake or BigQuery in less than five minutes with no-code deployment. Out from stealth, Connecty AI extracts and connects three-dimensional context from diverse data sources and use cases while integrating real-time human feedback, creating an enterprise-specific context graph. It also uses this context to automate data tasks across various roles, using a personalized dynamic semantic system. During prototype development, Connecty AI claims to have partnered with enterprises ranging from $5 million to $2 billion ARR, validating its approach on real-world data rather than public datasets like Spider.

Cautio raises $3 Mn in seed round led by Amal Parikh

EntrackrEntrackr · 4m ago
Cautio raises $3 Mn in seed round led by Amal Parikh
Medial

Snippets Cautio raises $3 Mn in seed round led by Amal Parikh AI-powered video telematics startup Cautio has raised $1.8 million in a new funding round led by Amal Parikh, with participation from 8i Ventures, AU Small Finance Bank, Venture Catalysts. This brings its total seed round to $3 million. In April, the startup had raised $1.2 million as part of the same round. The proceeds will be used to enhance its R&D capabilities, scale its AI systems, and expand deployment and servicing infrastructure across India. Founded by Ankit Acharya and Pranjal, Cautio provides AI-powered dashcams for fleet operators that offer real-time safety alerts to prevent road accidents. The platform is used in public transport, school buses, and commercial fleets, helping operators detect and respond to risks instantly. Cautio is currently active in 46 cities and has over 60 customers. It aims to make Indian roads safer by using predictive technology to reduce accident risks.

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