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Delhi-based ControlZ raises $3M led by9Unicorn and Venture Catalysts
IndianStartupNews
ยท
1y ago
Medial
Delhi-based startup ControlZ has raised $3 million in seed funding, led by 9Unicorn and Venture Catalysts. ControlZ specializes in renewing pre-owned electronics, particularly smartphones, at a component level. The funding will be used to enhance automation processes and establish advanced testing labs. The startup aims to improve the quality and affordability of its offerings while reducing the environmental impact associated with manufacturing new devices. With a focus on premium brands like Apple and OnePlus, ControlZ aims to establish itself as a market leader in the renewal of pre-owned smartphones.
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Related News
Renewed smartphone brand ControlZ Bags $3 Mn To Boost Automation, Product Stack
Inc42
ยท
1y ago
Medial
Renewed smartphone brand ControlZ has secured $3 million in seed funding to enhance its automation capabilities and establish advanced testing labs. The funding round was co-led by 9 Unicorn and Venture Catalysts and involved a combination of debt and equity infusion. ControlZ specializes in the refurbishment of pre-owned devices, both cosmetically and functionally, increasing their lifecycle. The company aims to offer consumers pre-owned devices that look and function like new. The funding comes at a time when the Indian smartphone market is experiencing growth, with major global players expanding their presence in the country.
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ControlZ Secures $3 Million In Seed Funding, Co-Led By 9 Unicorn And Venture Catalysts
OutlookIndia
ยท
1y ago
Medial
ControlZ, a brand specializing in premium renewed smartphones, has raised $3 million in seed funding. The round was co-led by 9 Unicorn and Venture Catalysts. ControlZ plans to use the funding to enhance its automation capabilities and drive growth in the pre-owned smartphone ecosystem. The company aims to improve the quality of its products and reduce costs for customers. ControlZ focuses on renewing devices both cosmetically and functionally, aiming to extend their life cycle and minimize e-waste.
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Nautical Wings Aerospace raises funding from Venture Catalysts
Inshorts
ยท
11m ago
Medial
Bengaluru-based Nautical Wings Aerospace has raised an undisclosed amount in a pre-Series A funding round led by Venture Catalysts and 1Crowd. Founded in 2020, Nautical Wings Aerospace specializes in delivering state-of-the-art, tailored propulsion solutions to OEMs on a global scale. The startup is developing its flagship product, the Integrated Electric Propulsion Unit (iEPU).
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MSD backed Garuda Aerospace raises โน100 cr, hits $250 mn valuation
Inshorts
ยท
3m ago
Medial
Chennai-based Garuda Aerospace secured โน100 crore in Series B funding led by Venture Catalysts, boosting its valuation to $250 million. Founded by Agnishwar Jayaprakash, the drone innovator plans to expand IP assets, launch a new design hub, and strengthen indigenous UAV capabilities. With MS Dhoni as brand ambassador, Garuda aims to impact one billion lives through drone technology.
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EV fleet-as-a-service startup Bluwheelz raises $500K led by FAAD Network
IndianStartupNews
ยท
1y ago
Medial
New Delhi-based electric vehicle fleet-as-a-service startup Bluwheelz has raised $500,000 in a seed funding round led by Faad Network, with participation from Lets Venture and other investors.
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Autocracy Machinery raises pre Series A round led by Venture Catalysts
Entrackr
ยท
1y ago
Medial
Machine manufacturing startup Autocracy Machinery has raised Rs 5 crore in a a pre Series A round led by Venture Catalysts along with participation from Nikhil Jaisinghani, Bharat Jaisinghani and SFour Capital. The Hyderabad-based company had earlier secured $1.2 million back in 2023 from Venture Catalysts, Z Nation Lab, Hem Angels and others. The proceeds will be allocated towards enhancing its research and development capabilities, and expanding its manufacturing and marketing footprint, Autocracy Machinery said in a press release. Co-founded in 2020 by Santhoshi Buddhiraju and Laxman Vallakati, Autocracy manufactures machines for construction, agriculture, and infrastructure purposes. The company offers a comprehensive range of products, including trenchers, landscaping machinery, agricultural attachments, and water body conservation machines like lake cleaners. Autocracy exports its products to the Middle East and Africa. The company also claims to have machinery which has superior performance and is priced to ensure accessibility for both business and individual clientele. Recently, 9Unicorns, a part of multistage investing firm Venture Catalysts Group, rebranded itself to 100Unicorns. It also announced the launch of its second accelerator fund called 100Unicorns Fund II with a target size of $200 million including a green-shoe option of $100 million.
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Cargado Raises $3M in Pre-Seed Funding
Finsmes
ยท
1y ago
Medial
Cargado, a U.S.-Mexico cross-border logistics startup based in Chicago, has raised $3 million in pre-seed funding. The funding round was led by Ironspring Ventures and included participation from Zenda Capital, Wischoff Ventures, Proeza Ventures, and Sahil Bloom. The company plans to use the funds to expand its operations and reach in the market. Cargado is focused on simplifying the cross-border trade process between the U.S. and Mexico through its software platform.
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Malaki raises Rs 5.7 Cr in seed round led by Venture Catalysts
Entrackr
ยท
3m ago
Medial
Malaki, a premium beverage brand, has raised Rs 5.7 crore ($669K) in its seed round led by Venture Catalysts. Maarc Ventures and the Dadachanji Family Office also participated. The proceeds will be used to expand Malakiโs presence in quick commerce, premium hospitality, and scale its Crystal Bottle product. It plans to strengthen its online channels, sustainability initiatives, and presence in major metro markets such as Delhi NCR, Hyderabad, Jaipur, and Bengaluru. Founded in 2020 by Mohit and Ashish Bhatia, Malaki offers products such as tonic waters, alkaline waters, sparkling waters, and ginger ales, packaged in sustainable glass bottles. The brand gained visibility after appearing on Shark Tank India and is known for its patented Crystal Bottle design. Malaki currently operates in over 500 premium HORECA outlets and has partnerships with brands like Singapore Airlines, Ritz Carlton, and Hyatt in cities like Mumbai, Pune, and Goa. Venture Catalysts, which has backed startups like Beardo, Pee Safe, and BharatPe, sees strong growth potential in Malaki. The Indian premium beverage market is expected to grow rapidly, driven by consumer demand for healthier and sustainable alternatives.
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Venture Catalysts partially exits Insurance Samadhan with returns up to 3.65x
IndianStartupNews
ยท
1y ago
Medial
Indian venture capital firm Venture Catalysts has announced a partial exit from Insurance Samadhan, yielding up to 3.65x returns on its initial investment. The tech-based platform specializes in resolving insurance complaints. Venture Catalysts had invested in Insurance Samadhan in a Seed and pre-Series A funding round. Insurance Samadhan has also raised $2 million in a Series A funding round, showcasing significant growth and becoming a trusted platform for resolving insurance grievances. Venture Catalysts typically invests $250,000 - $2 million in early-stage startups.
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Plant-based kidsโ clothing brand Kidbea raises $1 Mn led by VCats
Startup News FYI
ยท
1y ago
Medial
Kidbea, a bamboo-based kids' fashion brand, has secured $1 million in a pre-Series A funding round led by Venture Catalysts. The round also included participation from Agility Ventures, BestVantage Investments, and notable individuals including founders of Droom and a celebrity actor from Japan. The funds will be utilized for marketing, team expansion, operational improvements, R&D, and technology. Kidbea aims to become a Rs 500 crore brand within the next three years and has witnessed significant revenue growth in FY23.
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