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Construction tech startup BRKZ raises $8 Mn in Series A

EntrackrEntrackr · 1y ago
Construction tech startup BRKZ raises $8 Mn in Series A
Medial

B2B construction tech startup BRKZ has raised $8 million in its Series A round co-led by 9900 and BECO Capital, with participation from Aramco’s Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment and MISY Ventures. With this round, BRKZ has now raised $13.55 million in total. Earlier to this round, the startup had raised $5.55 million in its seed round led by Better Tomorrow Ventures. The proceeds will be used to deepen its proprietary capabilities, and expand its footprint across Saudi Arabia and beyond, BRKZ said in a press release. Launched in 2022 by Ibrahim Manna, BRKZ provides access to a wide pool of suppliers and materials along with multiple delivery and payment options. The startup does not support direct online purchasing, but instead requires buyers to generate and share requests for quotation (RFQs) through its app or WhatsApp. The simplified portal for suppliers enables them to customize prices by size, location, and delivery options. To date, BRKZ claims to have facilitated over $170 million quotations across nearly 1,200 products from more than 350 suppliers. In B2B construction marketplace, BRKZ competes with OfBusiness, Moglix, and Infra.Market, among others.

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MatBook raises $750K in pre-seed round

EntrackrEntrackr · 2m ago
MatBook raises $750K in pre-seed round
Medial

Construction tech startup MatBook has raised $750,000 in a pre-seed funding round led by Seedstars International Ventures, Fluent Ventures, and Everywhere Ventures. Angel investors affiliated with Autodesk and Amazon also participated. The proceeds will be used to improve its technology, expand its presence in the U.S., and grow its team across sales, technology, and operations. MatBook also plans to enhance its AI tools for pricing predictions, lead-time optimization, and supplier recommendations. Founded by Harsh Badera, Nasir Hussain, Raghav Malhotra, and Shubham Sharma, the company focuses on creating a direct connection between buyers and manufacturers. MatBook’s platform includes a quality control system and integrated logistics, aiming to reduce costs and delays. MatBook provides an AI-powered platform that enables U.S. contractors and distributors to source construction materials directly from vetted manufacturers. The company aims to address supply chain issues in the U.S. construction industry by streamlining procurement, shipping, quality checks, and financing. The company plans to introduce credit solutions and expand its network of manufacturers. MatBook also offers Environmental Product Declarations for buyers interested in meeting green building requirements. In the construction marketplace, MatBook competes with BRKZ, OfBusiness, Moglix, and Infra.Market, among others.

Proptech startup Inkers Technology raises $3 Mn in Series A round

EntrackrEntrackr · 6m ago
Proptech startup Inkers Technology raises $3 Mn in Series A round
Medial

Prop-tech startup Inkers Technology has raised $3 million in its Series A funding round led by Ashish Kasholia from Lucky Investments. The Bengaluru-based company had previously raised $2.03 million from Sailing Stones Technologies and others. The company's flagship product, Observance, is an AI-powered platform designed to process complex construction data such as point cloud data, images, BIM models, and project schedules and transform it into actionable insights. It can scan up to 100,000 square feet of construction area in an hour and generate comprehensive analytics, as-built models, defect reports, and schedule updates within 24-48 hours. The product has been deployed over 150 sites in Bangalore, NCR, Kolkata, Chennai, and Hyderabad, processing more than 2 petabytes of data.

Zomato-backed AdOnMo raises $7 Mn

EntrackrEntrackr · 1y ago
Zomato-backed AdOnMo raises $7 Mn
Medial

Ad-tech firm AdOnMo has raised Rs 58.21 crore (around $7 million) in its Series B1 round. This is the first major infusion in the Hyderabad-based company after its Series A round led by Zomato last year. The board at AdOnMo has passed a special resolution to issue 36 equity and 4,156 CCPS at an issue price of Rs 1,38,850 each to raise Rs 58.21 crore or $7 million, its regulatory filing with the RoC shows. Healthcare veteran Ravindranath Kancherla and his son Kancherla Pruthvinath injected Rs 16.6 crore while Qatar Insurance Company and ZNL Growth (Z Nation Lab) pumped in Rs 8 crore and Rs 1.80 crore, respectively. Three dozen individual investors including Manish Kailash Chhabra, Vindhya Guduru, Vikram Malhotra, Usha Reddy Chigarapalli, and Desireddy Srinivasa Reddy also invested in AdOnMo’s Series B round. The company will use these investments for business expansion and to meet working capital requirements, according to the filing. According to the startup data intelligence platform TheKredible, AdOnMo has been valued at around Rs 858 crore or $105 million (post-money). During the ongoing fiscal year, the company also raised Rs 20 crore in debt from Northern Arc and Alteria Capital. Founded in 2016 by Sandeep Bommireddi and Sravanth Gajula, AdOnMo is an ad-tech company which provides targeted digital advertising to outdoor digital screens (residential & corporate parks) across 21 cities. As of now, the company has raised around $25 million across rounds including its $15 million round led by Zomato last year. Before this round, Zomato was the largest external stakeholder with a 17.49% stake followed by BAce Capital and Astarc Ventures. AdOnMo grew at a rapid clip in the last fiscal year as its revenue from operations surged four-fold to Rs 75 crore in FY23. Meanwhile, the company’s losses stood at Rs 38 crore in the same period.

Sweet Karam Coffee raises $8 Mn led by Peak XV

EntrackrEntrackr · 2m ago
Sweet Karam Coffee raises $8 Mn led by Peak XV
Medial

Sweet Karam Coffee Raises $8 Mn Led by Peak XV Chennai-based South Indian food brand Sweet Karam Coffee (SKC) has raised $8 million in its Series A round led by Peak XV Partners, with existing investor Fireside Ventures also increasing its stake. The funding comes almost two years after Sweet Karam Coffee raised $1.5 million from Fireside Ventures. The proceeds will be used to expand its distribution, launch new products, and improve its supply chain with tech. Founded in 2015, SKC is known for its authentic sweets, snacks, and filter coffee, which is made without palm oil, preservatives, or maida. It also sells condiments and ghee. The startup sells its products via its website, e-commerce marketplaces, and quick commerce platforms, serving customers across 32 countries. SKC claims to have grown 4X in revenue over the past 12 months and is projected to grow another 2.5X in the next 12 months. SKC announced the appointment of Nandhitha Indermohan (ex-Unilever) as Chief Operating Officer to boost execution.

Interior design startup Flipspaces raises $35 Mn

EntrackrEntrackr · 1m ago
Interior design startup Flipspaces raises $35 Mn
Medial

Mumbai-based interior design startup Flipspaces has raised $35 million in a funding round led by Iron Pillar. Prudent Investment Managers and Synergy Capital Partners have also participated. The funding includes both primary and secondary capital and will be used to ramp up growth in India, the US, and the UAE, enhance technology capabilities, and explore potential acquisitions. The round also facilitated an exit for early-stage investor Carpediem. Earlier in September 2023, Flipspaces had raised $4 million in its pre-Series B round led by Prashasta Seth and others. Founded by Kunal Sharma, Flipspaces operates a tech-first platform that integrates design, supply chain management, and project execution, targeting the SMB segment, which constitutes 60% of the commercial design market. The startup claims to have scaled to $40 million (approximately Rs 340 crore) in revenue, uses technology to provide end-to-end design and build solutions and has achieved profitability in both India and the US, where it generates 20% of its revenue. Flipspaces claims to have delivered over 8 million sq. ft. of commercial spaces for over 1,000 clients globally, including SMBs, large enterprises, co-working spaces, and retail brands. Its proprietary tools enable immersive visualizations and remote project monitoring through 360-degree views, enhancing client experience and operational efficiency. While Flipspaces has yet to file its annual financial report for FY25, the company registered an operating revenue of Rs 190 crore in FY24—a 90% increase from Rs 100 crore in FY23. However, it also recorded a loss of Rs 8 crore in FY24, less than half of the Rs 19 crore loss in FY23.

Deep-tech startup Contineu raises $1.2 Mn led by SenseAI Ventures

EntrackrEntrackr · 1m ago
Deep-tech startup Contineu raises $1.2 Mn led by SenseAI Ventures
Medial

Deep-tech startup Contineu has raised $1.2 million in a seed funding round led by SenseAI Ventures along with participation from Piper Serica Angel Fund. The proceeds will be used to build the AI-powered vertical data infrastructure stack for the construction industry, automating quality monitoring, compliance checks, and site-level visibility at scale, Contineu said in a press release. Co-founded in 2023 by Harshil Naik and Kanao Ramesh, Contineu eliminates the need for manual data entry on job sites through a proprietary platform that combines helmet-mounted 360° cameras with 3D computer vision models. The system automatically captures on-site visuals and converts them into structured insights, beginning with QA/QC detection and documentation. According to Contineu, its AI pipeline consistently exceeds state-of-the-art (SOTA) benchmarks on construction datasets, enabling high-accuracy defect and non-compliance detection, automated documentation, and execution insights—without human input. The platform claims that it is already seeing early enterprise adoption in India and abroad, with a growing sales pipeline and product-market fit signals emerging. Contineu aims to build the vertical AI data stack for construction, and it is enabling global infrastructure players to make smarter, faster decisions on-site.

Dogsee Chew raises $8 Mn in Series B round

EntrackrEntrackr · 4m ago
Dogsee Chew raises $8 Mn in Series B round
Medial

Dogsee Chew raises $8 Mn in Series B round Natural pet treat brand Dogsee Chew has raised $8 million in its Series B round led by Ektha.com, with participation from promoters, Shivanssh Holdings, and Poddar Family Office. The brand has raised a total of $22 million in funding to date, including the current round. In January 2022, the startup raised $6.7 million in its Series A round, led by Mankind Pharma, along with existing investor Sixth Sense Ventures. The new funds will be used to scale up manufacturing capabilities by expanding existing factories and constructing a new production facility. The company also plans to strengthen its Amazon Global Selling strategy to drive growth in international markets and expand further into the United States and Canada in 2025. Founded in 2015 by husband-wife duo Bhupendra Khanal and Sneh Sharma, Dogsee Chew now has a presence in more than 30 countries. The startup claims to offer 100 percent vegetarian dog treats that are all-natural, human-grade, and protein-rich. "With the premiumization of the pet food category on the rise, the demand for our human-grade chews is exploding. This investment ensures we are well-prepared to meet this demand by scaling production and expanding our presence globally. To make our products more accessible, we also plan to open distribution hubs in key international markets, allowing our retail partners to seamlessly access Dogsee Chews with shorter lead times,” said Bhupendra Khanal. According to data intelligence platform TheKredible, Dogsee Chew’s revenue in FY24 stood at Rs 53.76 crore, compared to Rs 98 crore in FY23. The firm reported an almost flat loss of Rs 27.73 crore in the last financial year. The Bengaluru-based startup competes with brands such as Khanal Foods, Captain Zack, Fidele Dog Food, and others in the pet care segment.

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