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E-commerce accelerator Assiduus Global raises $25 Mn led by Bajaj Finserv

EntrackrEntrackr · 23h ago
E-commerce accelerator Assiduus Global raises $25 Mn led by Bajaj Finserv
Medial

Assiduus Global, an AI-powered cross-border, multi-platform e-commerce accelerator, has raised $25 million in a pre-Series B funding round led by Bajaj Finserv, with participation from Uncorrelated Ventures, Aaruha Technology Fund, Vikash Agarwal (Rupa Family Office), and other investors. In October 2022, the Bengaluru-based company had raised $15 million in its Series A round led by Pulsar Capital. The fresh proceeds will be used to strengthen its AI and data capabilities, expand into the Middle East, Europe, and Asia-Pacific, and build partnerships with enterprises as well as government bodies. Founded by Somdutta Singh, Assiduus operates an AI-powered middleware platform for global e-commerce distribution and supply chain management. The company currently supports over 150 enterprise brands across 20 countries and integrates with more than 18 global marketplaces and quick commerce platforms. Assiduus claims to have achieved 4X revenue growth since its last funding round, along with a threefold increase in valuation. It has also remained profitable at the PAT level for the past seven years. The platform offers end-to-end capabilities, including cross-border distribution, fulfillment, compliance, and performance tracking. It follows an asset-light model that combines software, data systems, and execution infrastructure. Assiduus is headquartered in Atlanta and operates across India, the UAE, the UK, Denmark, and other markets.

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Agraga raises Rs 100 Cr in pre-Series B led by Bajaj Finserv Group

EntrackrEntrackr · 3m ago
Agraga raises Rs 100 Cr in pre-Series B led by Bajaj Finserv Group
Medial

Agraga raises Rs 100 Cr in pre-Series B led by Bajaj Finserv Group Digital freight forwarder Agraga has raised Rs 100 crore (around $12 million) in its pre-Series B round led by Bajaj Finserv Group, with participation from existing investor IvyCap Ventures and select global angel backers. Agraga had earlier raised Rs 70 crore in its Series A round in May 2023, led by IvyCap Ventures with participation from Alteria. The proceeds will be used to expand its cross-border logistics platform, strengthen its LCL (Less-than-Container Load) vertical, scale automation and visibility tools, and deepen its presence across major export hubs. Founded in 2021, Agraga provides a unified platform that integrates freight booking, customs, warehousing, and embedded financial services. The firm aims to simplify cross-border logistics for MSMEs and mid-market enterprises by offering real-time pricing, tracking, and compliance workflows. Agraga claims to have built its stack around four layers which includes discovery, tracking, execution, and data-driven decision-making. Agraga serves more than 700 customers and 1,000 vendors across 40 global trade lanes. It also partners with financial institutions including ICICI Bank and IDFC First Bank. Its subsidiary Byteport Logistics focuses on channel-partner aggregation for MSME and LCL customers. Bajaj Finserv backs Indian startups through its corporate venture arm, Bajaj Finserv Ventures, and its newer alternative investment subsidiary, with a focus on fintech, healthcare and technology.

Constems AI Systems raises $2 Mn led by Finvolve and India Accelerator

EntrackrEntrackr · 7d ago
Constems AI Systems raises $2 Mn led by Finvolve and India Accelerator
Medial

Constems AI Systems raises $2 Mn led by Finvolve and India Accelerator Deep-tech cognitive vision platform Constems AI Systems has raised $2 million in a pre-Series A funding round co-led by Finvolve and India Accelerator. The round also saw participation from Cognify, AIF, Inflection Point Ventures (IPV), and IIM Lucknow Enterprise Incubation Centre. The funds will be used to enhance product innovation, global enterprise deployments, and expand in Southeast Asia, Japan, and the Middle East. Constems AI also focuses on AI model development, enterprise sales, and product infrastructure enhancement. Founded in 2017 by Amit Singh and Amit Srivastava, Constems AI delivers vision intelligence solutions for global CPG enterprises, automating retail and supply-chain processes using image and video inputs. With 30 million image data points and a patented detection model, it provides real-time predictive analytics. The Noida-based company serves Fortune 500 CPG brands, experiencing rapid growth and planning to expand its global presence and strategic partnerships.

Nuuk raises $5 Mn in Series A round led by Vertex Ventures

EntrackrEntrackr · 1y ago
Nuuk raises $5 Mn in Series A round led by Vertex Ventures
Medial

D2C home appliances brand Nuuk has raised $5 million (Rs 40 crore) in a Series A funding round led by Vertex Ventures SEAI. The round also saw participation from existing investor Good Capital and angel investors such as Rohit Kapoor (Swiggy), Vivek Gambhir (Boat and Godrej Consumer), Richard Rekhy (KPMG India), Suhail Sameer (BharatPe), Taru Kapoor (Tinder India & South Asia), and Deep Bajaj (Sirona Hygiene). The proceeds will be used to deepen its product portfolio across the home environment, vacuum cleaners, and meal preparation, while also expanding into smart IoT devices and other high-performance home solutions. Founded by Gazal Kalra (co-founder Rivigo) and Shalabh Gupta (Noise), Nuuk provides products in four categories: fans, vacuum cleaners, garment care, and juicers and blenders. Currently, Nuuk manufactures only 20% of its products in India, while the remaining 80% are imported from China. However, co-founder Shalabh Gupta stated that the startup aims to produce over 50% of its products in India by the end of the financial year 2025-26 (FY26). Besides its own website, Nuuk also sells its products via e-commerce marketplaces. Nuuk competes against the likes of Philips, Bajaj, Atomberg, LifeLong Group, among others.

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