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Enterpret announces $20.8 Mn in Series A round

EntrackrEntrackr · 6m ago
Enterpret announces $20.8 Mn in Series A round
Medial

Enterpret, an AI-enabled customer feedback intelligence platform for product development and CX teams, has raised $20.8 million in its Series A round led by Canaan Partners. As part of the funding, Rayfe Gaspar-Asaoka, partner at Canaan Partners, has joined the board. Kleiner Perkins, Peak XV Partners (a Sequoia Capital India), Wing Ventures, and Recall Capital, as well as angel investors including Lauryn Motamedi (Head of Product Growth at Notion), Elena Verna (VP of Growth and Data at Dropbox), Nan Yu (Head of Product at Linear), Andrew Berman (Director of AI at Zapier) among others have also participated. The proceeds will be used to continue scaling and to deploy no-code AI agents to help customers bridge divides between product, marketing, and sales teams, and even collect rich feedback. Founded by brothers Varun and Arnav Sharma, Enterpret builds adaptive artificial intelligence models to unify and analyze large volumes of unstructured feedback across all channels to extract key themes, sentiments, underlying issues, and topics, helping teams quickly identify patterns and improve customer satisfaction. Since May 2024, the company claims to have doubled its ARR. Its customers include Monday.com, Canva, Notion, Loom (Atlassian), The Browser Company, Hootsuite, Nextdoor, Strava, Linear, and Vimeo.

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Exclusive: EyeMyEye raises $2.5 Mn in a new tranche

EntrackrEntrackr · 1y ago
Exclusive: EyeMyEye raises $2.5 Mn in a new tranche
Medial

Full-stack eyewear platform EyeMyEye has raised Rs 20.8 crore (approximately $2.5 million) in a new tranche as part of its pre-series A round. The board at EyeMyEye has passed a special resolution to issue 14,44,847 pre-Series A CCPS at an issue price of Rs 143.96 each to raise Rs 20.8 crore, its regulatory filing sourced from RoC shows. RBA Finance & Investments and Ashish Ramesh Kacholia pumped in Rs 10 crore each while Sachin Shah participated with Rs 80 lakh. Following the fresh proceeds, RBA Finance and Ashish Kancholia will hold 6.22% each of the company. EyeMyEye will use these proceeds to operate the business, achieving the pre-defined milestones, and in the manner envisaged in the shareholder’s agreement, the filing added. According to the startup data intelligence platform TheKredible, the company has been valued at around Rs 162 crore or $20 million (post-money). Founded in 2021 by Ganesh Iyer, EyeMyEye offers a range of customized eyeglasses, sunglasses, and other eyewear-related products to consumers through its online and offline channels. EyeMyEye has raised around Rs 90 crore ($11 million) to date including a $5 million round led by LC Nueva AIF in August 2022. Entrackr had exclusively reported the development. EyeMyEye registered 34% year-on-year growth to Rs 32.45 crore during FY23. Moreover, the company’s losses remained steady at Rs 19.36 crore during the same period. It competes with the likes of Lenskart, ClearDekho, Cool Winks and Lens2Home, among others.

5C Network raises $3 Mn in a new round

EntrackrEntrackr · 1y ago
5C Network raises $3 Mn in a new round
Medial

Medical diagnostics platform 5C Network has raised Rs 25.5 crore (approximately $3 million) from Redwood India Healthcare Fund in a new round. This is the first investment for the firm this year. The board at 5C Network has passed a special resolution to issue 2,72,241 CCSPS at an issue price of Rs 936.67 each to raise Rs 25.5 crore, its regulatory filing accessed from the Registrar of Companies shows. For background, the Bengaluru-based company has raised the proceeds after a gap of more than 17 months. 5C Network last raised $4.6 million in its Series A round led by Celesta Capital in Oct 2022. As per the startup data intelligence platform TheKredible estimates, the company has been valued at around $30 million (post-money). Founded in 2016 by Sivasailam and Syed Ahmed, 5C Network enables users across India to store, create, and analyse radiology images. It facilitates hospitals in maximizing returns on their radiology infrastructure by providing access to radiologists. With the backing of Tata 1mg and Celesta Capital, the firm has raised over Rs 80 crore to date. Before the fresh proceeds, Unitus Capital was the largest external stakeholder with 20.8% followed by Celeseta Capital and Tata 1mg. Its co-founders Kalyanasundaram S and Syed Sabbir Ahmed cumulatively commanded 33.9% of the company. 5C Network has been struggling with growth and this could be evident from its collection which dwindled by 20% to Rs 18.75 crore during the fiscal year ended March 2023. Moreover, the company posted Rs 19.47 crore loss during the same period.

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