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Emversity raises $5 Mn in pre-Series A round led by Lightspeed and Z47

EntrackrEntrackr · 9m ago
Emversity raises $5 Mn in pre-Series A round led by Lightspeed and Z47
Medial

Beyond Odds Technologies, the parent company of skill-training platform Emversity, has raised $5 million in its pre-Series A funding round led by Lightspeed and Z47, with participation from Alteria Capital and Innoven Capital. Vivek Sinha, the former Chief Operating Officer (COO) of Unacademy, launched Beyond Odds Technologies with an initial investment of $11 million in April 2024. The seed funding round was led by Matrix Partners India and Lightspeed. The company now operates across 36 campuses in 18 states. The platform focuses on building a skilled grey-collar workforce in key sectors such as healthcare, travel, and hospitality. It plans to expand to over 75 campuses by the end of the financial year. Under the Emversity School of Allied Health Sciences, students are trained for roles like nurses, paramedics, lab technicians, caregivers, and other healthcare positions. The recently introduced Emversity School of Hospitality has partnered with major hotel chains to provide training in food and beverage service, room operations, and culinary skills. Emversity integrates industry-based training into higher education. Its model includes employer-sponsored stipends and industry-designed curriculum to improve job readiness and accessibility. The company runs two programs – SMART and EDGE – offering vocational and honors degree options in partnership with higher education institutions. Both programs include training, internships, and job placements.

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Emversity raises $30 Mn in Series A led by Premji Invest

EntrackrEntrackr · 20d ago
Emversity raises $30 Mn in Series A led by Premji Invest
Medial

Emversity raises $30 Mn in Series A led by Premji Invest Higher-education embedded training and employability platform Emversity has raised $30 million (Rs 271 crore) in a Series A funding round led by Premji Invest, with participation from Lightspeed and Z47. The round takes the company’s total funding to $46 million. Emversity is operated by Beyond Odds Technologies, which was launched in April 2024 by Vivek Sinha, former COO of Unacademy, with an initial $11 million seed round led by Matrix Partners India (Z47) and Lightspeed. Soon after the launch, Emversity had raised $5 million in a pre-Series A round led by Lightspeed and Z47, with participation from Alteria Capital and InnoVen Capital. The fresh proceeds will be used to expand Emversity’s presence to over 200 campuses, strengthen its position in healthcare and hospitality skills, and launch new verticals in EPC and manufacturing. It also plans to enhance its technology platform spanning career discovery, training, and employability outcomes, and explore access to select global workforce demand for India-trained talent. Emversity works with universities to embed industry-aligned, work-integrated training into degree programs. The platform focuses on improving employability outcomes by aligning academic learning with real-world workforce requirements. It also runs employer-linked skill centres, particularly in healthcare and hospitality, in affiliation with the National Skill Development Corporation (NSDC). In less than two years, Emversity claims to have scaled to 4,500 learners across 40 campuses. Its programs are designed with employers to create predictable talent pipelines, especially for sectors facing workforce shortages. The brand currently supports healthcare and hospitality roles, with learners placed across large hospital chains and hotel groups.

LightSpeed Photonics raises $6.5 Mn led by pi Ventures

EntrackrEntrackr · 2m ago
LightSpeed Photonics raises $6.5 Mn led by pi Ventures
Medial

LightSpeed Photonics raises $6.5 Mn led by pi Ventures LightSpeed Photonics has raised $6.5 million in a pre-Series A round led by pi Ventures, with participation from 500 Global, Indian Accelerator, 8X Ventures, Java Capital, and Bay Area angels. The company has now raised $8.5 million to date, including grants. The proceeds will be used to set up an R&D facility to reduce pilot turnaround time. LightSpeed will also strengthen its work with OEM, EMS, and ODM partners as it moves toward commercialising its optical interconnect product line for data-centre infrastructure. Founded in 2021 by Rohin Y and Ramana Pamidighantam, LightSpeed Photonics develops compact optical interconnects for data movement in AI and high-performance computing systems. Its short-wavelength laser technology is built to support higher data speeds, lower power use, and smaller hardware size. The firm targets applications across AI, HPC, edge computing, telecommunications, aerospace, and advanced manufacturing.

Cumin Co. raises $5 Mn pre-Series A round led by Fireside Ventures

EntrackrEntrackr · 14d ago
Cumin Co. raises $5 Mn pre-Series A round led by Fireside Ventures
Medial

Cumin Co. raises $5 Mn pre-Series A round led by Fireside Ventures Gurugram-based kitchenware startup Cumin Co. has raised $5 million (around Rs 41 crore) in a pre-Series A funding round led by Fireside Ventures. Existing investors Huddle Ventures and Alteria Capital also participated, along with several angel investors. Earlier in August last year, Cumin Co. had raised its first institutional funding of $1.5 million (about Rs 13.16 crore) led by Fireside Ventures along with participation from Huddle Ventures. The proceeds will be used to expand the product portfolio across cookware and kitchen essentials. It also plans to strengthen its supply chain, increase investments in R&D, and improve manufacturing and product innovation capabilities. Founded by Niharika Joshi and Udit Lekhi, Cumin Co. operates in the premium kitchenware segment and focuses on research-led product development. The brand sells cookware and kitchen essentials directly to consumers through online channels. Cumin Co. builds its products around proprietary material and coating technology under its Enviromax platform. It holds three granted patents and has five more pending, covering material science, surface coatings, and product design. Going ahead, Cumin Co. will continue to focus on controlled expansion, selective channel rollout, and improving unit economics as it scales its operations. It competes with other notable startups in this space such as Indus Valley and Palette Brand’s Ember. Indus Valley secured Rs 23.1 crore in a pre-Series A round led by DSG Ventures, while Palette Brands raised nearly Rs 17 crore in a pre-Series A round led by Rockstud Capital.

Spacetech startup SatSure raises $15 Mn in Series A funding

EntrackrEntrackr · 2y ago
Spacetech startup SatSure raises $15 Mn in Series A funding
Medial

SatSure, a satellite Earth observation data and analytics provider, has secured $15 million in a Series A round led by Baring Private Equity Partners (BPEP) and Promus Ventures, with participation from Omidyar Network India and xto10X, alongside existing investors. The funding will support the launch of four high-resolution satellites by Q4 2025 and expand the company's presence in the US and Asia-Pacific regions. SatSure leverages satellite imagery and AI to provide decision intelligence for industries like agriculture and banking, aiming to enhance profitability and operational efficiency. The funding follows a $5 million pre-Series A round in February 2022 and strategic funding from ICICI and Kotak Mahindra Bank.

Stable Money raises $20 Mn led by Fundamentum

EntrackrEntrackr · 8m ago
Stable Money raises $20 Mn led by Fundamentum
Medial

Bengaluru-based wealthtech platform Stable Money has raised $20 million (Rs 173 crore) in a funding round led by Fundamentum Partnership and participation from existing investors Z47, RTP Global, and Lightspeed. Aditya Birla Ventures also joined the round. The company had previously raised $20 million across Series A and Seed rounds. The proceeds will be used to expand its product suite, onboard new banking partners, and scale distribution. The company aims to add at least eight more banks and NBFCs in 2025. Founded in 2022 by Saurabh Jain and Harish Reddy, Stable Money enables users to invest in fixed-return products like fixed deposits (FDs), recurring deposits, secured credit cards, and bonds. It currently partners with eight banks and two NBFCs, including IndusInd Bank, South Indian Bank, Slice SFB, Ujjivan SFB, Unity SFB, and Suryoday SFB. The platform has over 150,000 users and more than Rs 3,000 crore in assets under management. For the fiscal year ended March 2024, it reported an operating income of Rs 35.3 lakh and a net loss of Rs 12.29 crore.

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