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CredResolve raises $1.1 Mn in Seed round

EntrackrEntrackr · 4m ago
CredResolve raises $1.1 Mn in Seed round
Medial

Collections platform CredResolve has raised $1.1 million in a seed funding round led by UNLEASH Capital Partners, with participation from CDM Capital. The Gurugram-based company had previously raised $33.6K in an angel round from PedalStart, Tujala Goud, and others in February 2024. The proceeds will be used to expand its partnerships to over 25 financial institutions, enhance its AI-driven technology stack, and strengthen its presence across multiple cities, CredResolve said in a press release. Co-founded in August 2023 by Balaji Koustubha, G Prashant Kumar, and Vijay Kumar, CredResolve is an AI-powered collections platform dedicated to optimizing the debt resolution process in India. The platform integrates technology with regulatory compliance to help financial institutions improve recovery rates, reduce operational inefficiencies, and enhance borrower experiences. According to CredResolve, it aims to redefine debt recovery by integrating artificial intelligence with borrower engagement strategies. The company leverages AI to automate recovery workflows, improve borrower communication, and ensure strict compliance with Reserve Bank of India (RBI) regulations. This tech-driven approach enhances recovery rates while reducing operational inefficiencies, addressing a pressing challenge in India’s financial sector. CredResolve claims to serve over 20 lenders across banks, fintech firms, Non-Banking Financial Companies (NBFCs), and Asset Reconstruction Companies (ARCs). Currently, the startup generates an annual recurring revenue (ARR) of approximately $1 million and intends to triple its revenue in the next year. It competes with other startups in this space, such as CredGenics, DPDZero, Spocto, Skit.AI, among others. UNLEASH Capital Partners is a Japanese venture capital firm focused on early-stage fintech and financial services in India, with a strong emphasis on driving financial inclusion.

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Dodo Payments raises $1.1 Mn in pre-seed round

EntrackrEntrackr · 4m ago
Dodo Payments raises $1.1 Mn in pre-seed round
Medial

Dodo Payments raises $1.1 Mn in pre-seed round Fintech startup Dodo Payments has raised $1.1 million in its pre-seed round led by Antler, 9Unicorns, and Venture Catalysts. Nitin Gupta (Uni Cards and PayU), Maninder Gulati (former Oyo CSO/Lightspeed), Raymond Russell (former Chief of Staff at Boom Supersonic), Preethi Kasireddy (former Partner, a16z), and Nishant Verman (former Flipkart CorpDev head) have also participated. The proceeds will be used for several strategic initiatives, including enhancing the technological infrastructure by introducing modules for subscriptions, billing, fraud detection, and risk management. Additionally, Dodo Payments plans to establish local payment rails in over 30 countries, focusing on regions such as the European Union, United Kingdom, Southeast Asia, Middle East, Brazil, and Australia. Founded in 2023 by Rishabh Goel and Ayush Agarwal, Dodo Payments simplifies complexities, enabling merchants to easily accept payments from over 150 countries with success rates exceeding 90%. The platform supports over 25 local payment methods, including Apple Pay, Klarna, Affirm, Cash App, UPI, and all major card networks, and is available in 14 languages, covering 86% of the global population. In its initial phase, Dodo Payments claims to have onboarded over 1,000 merchants across 30 countries and aims to expand this to more than 10,000 merchants globally by the end of the year.

Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC

EntrackrEntrackr · 1m ago
Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC
Medial

Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC Sneaker brand Gully Labs has raised Rs 8.7 crore in a seed funding round — comprising Rs 7.6 crore in equity and Rs 1.1 crore in venture debt. The equity round was led by Zeropearl VC along with participation from Untitled Ventures, Atrium Ventures, and other prominent angel investors including Bounce co-founder & CEO Vivekananda Hallekere, Suhasini Sampath, Nishchay AG, Renee Cosmetics founder Ashutosh Valani, Anurag Ramadasan, and Rahul Seth, while Stride Ventures led the debt investment. Prior to this, the company had secured Rs 1.1 crore in equity during its pre-seed round in 2024. The fresh capital will be deployed towards diversifying the product mix, expanding sales channels, and opening physical retail stores, Gully Labs said in a press release. Co-founded in 2023 by Arjun Singh and Animesh Mishra, Gully Labs crafts handmade sneakers, blending premium materials with culturally rich design stories — from Phulkari-embroidered trainers to Onam-inspired silhouettes. Gully Labs sells its products through its website and in select partner stores across Indian metros. The company plans to build a larger production facility, broaden its product line across diverse sneaker styles, and deepen its reach across India and global markets. It also plans to launch exclusive retail outlets as part of its omni-channel strategy.

OneTab AI raises $3.3 Mn in seed round

EntrackrEntrackr · 4m ago
OneTab AI raises $3.3 Mn in seed round
Medial

OneTab AI raises $3.3 Mn in seed round Workplace SaaS startup OneTab AI has raised $3.3 million (Rs 28.6 crore) in its seed round co-led by LIT Fund and Orbit. The round also saw participation from a Singapore-based family office, SOSV, Sunil Kumar Singhvi and the company’s founders. The proceeds will be used to ramp up the development and deployment of OneAsk, its AI agent designed to manage the entire software development life cycle (SDLC). Founded in November 2023 by Saket Dandotia, Sonal Dandotia, and Alok Patil, OneTab integrates project management, communication, API development, CI/CD, and AI-driven automation into a single platform, addressing inefficiencies in traditional tools like Slack and Asana. Its proprietary LLMs, OneGPT and OneCode, enable AI-powered project management, coding assistance, and automation while ensuring data privacy through private hosting. Its flagship AI agent, OneAsk streamlines workflows into a single intelligent platform, enabling developers, project managers and businesses to work more efficiently.

Admission startup Ambitio raises $2 Mn in seed round

EntrackrEntrackr · 4m ago
Admission startup Ambitio raises $2 Mn in seed round
Medial

Admission startup Ambitio raises $2 Mn in seed round Admissions startup Ambitio has secured $2 million in a seed funding round led by BLinC Invest along with participation from Ritu Bapna and other investors. Prior to this, the startup raised $187K in the same round from First Cheque and others. The fresh funds will be used to invest in technology and scale distribution channels, Ambitio stated. Co-founded in 2022 by Dirghayu Kaushik and Vikrant Shivalik, Ambitio is an AI-driven admissions platform leveraging over 10 million data points to provide a personalized admissions experience. It aims to match students to best-fit universities using real admission data. Ambitio claims successful admissions in top colleges like Harvard, Stanford, Columbia, and Oxford. It plans to help over 500,000 students access global education in the next two years and competes with startups such as Yocket, Gradvine, and MiMEssay.

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