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News on Medial
Enterprisetech Startup Runo Bags Funding For Global Expansion
Inc42
·
1y ago
Medial
Hyderabad-based startup Runo has raised $1.5 million in a Pre-Series A funding round from Unicorn India Ventures and Callapina Capital. Runo, founded in 2019, is a call, contact, and customer relationship management mobile app that integrates with CRMs and lead sources. The funding will be used to onboard a senior management team for product and development and expand into the MENA region, the US, and Canada. Runo aims for 7x revenue growth in the next eight quarters and plans to reach $2.5 million in ARR within 12 to 18 months. According to Inc42's Indian Tech Startup Funding Report 2023, enterprise tech startups saw a 68% decline in funding to $1.3 billion in 2023 from $4 billion in 2022.
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B2B manufacturing startup CapGrid Solutions bags $5 million in new round
Economic Times
·
5m ago
Medial
CapGrid Solutions, a B2B manufacturing startup, secured $5 million in funding led by Anicut Growth Fund, with participation from Nexus Venture Partners and Axilor Ventures. The Gurugram-based company, serving OEMs and tier-1 suppliers in the automotive sector, will use the funds for global expansion, particularly in the US and Germany. CapGrid aims for its global business to contribute 30% to overall revenue in 12 months. The company also expanded into the consumer durables sector, greatly diversifying risks.
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From MediBuddy To SatSure — Indian Startups Raised $52 Mn This Week
Inc42
·
1y ago
Medial
In the last week of August, Indian startups secured $52 million in funding across 12 deals, a 77.4% decrease from the previous week's $231 million. Healthtech startup MediBuddy raised $18 million from existing investors for strategic acquisitions, leading the week's funding. August concluded with a total of $341 million in startup funding. Fintech and enterprisetech were the most active sectors, with the healthtech sector also receiving significant investment.
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AI-Powered Childcare Management Startup illumine Bags $2.5 Mn
Inc42
·
1m ago
Medial
Illumine, an AI-powered childcare management startup, has raised $2.5 million in seed funding from Prime Venture Partners. The funds will be utilized for product development and global expansion. The company aims to focus on innovation, empower educators, and assist childcare owners in scaling their businesses. Previously, Illumine had raised $800,000 in angel investments from undisclosed investors. This latest investment marks a significant step in enhancing its platform and international reach.
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Runo, BluWheelz, Nikitek pocket early-stage cheques
VCCircle
·
1y ago
Medial
Call management CRM startup Runo has raised $1.5m in pre-Series A funding from investors Unicorn India Ventures and Callapina Capital. Founded in 2019, Runo offers a mobile SIM-based outbound call management CRM that integrates with popular CRM platforms and lead sources. The company plans to use the funds to expand its senior management team and extend its presence in the US, Canada, and the Middle East and North Africa region. Electric vehicle fleet management firm Bluwheelz has raised $1m in a bridge round from investors including Venture Catalysts, while baggage handling tech company Nikitek secured an undisclosed investment from IT infrastructure firm Netcon Technologies.
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Amber Bags $21 Mn To Expand Accommodation Offerings For Students
Inc42
·
1y ago
Medial
Amber, a global student accommodation platform, has raised $21 million in its first external funding round led by Gaja Capital. The funding will be used for global expansion and to enhance its offerings for property managers and students. Amber operates in seven countries and aims to simplify the housing process for students worldwide. With over 1 million beds listed on its platform, Amber offers tools like an AI-based pricing engine for property managers to streamline operations. The student housing market is witnessing significant growth due to increasing demand for quality accommodation.
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After January Blues, Indian Startup Funding Zooms 43% MoM In February 2024
Inc42
·
1y ago
Medial
Indian startups raised $734 million in funding in February 2024, marking a 43% increase from the previous month. The number of deals also rose from 68 to 83. Ecommerce was the most funded sector, with $149 million raised across 24 deals. Fintech funding declined by 516% to $56 million, while enterprisetech emerged as the second most funded sector. Logistics startup Shadowfax's $100 million funding round was the only mega deal last month. Bengaluru remained the top startup hub, securing over half of the total funding, followed by Mumbai and Delhi.
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Skye Air Bags Rs 32 CR ($4 Mn) From Mount Judi Ventures, Others
Inc42
·
1y ago
Medial
Skye Air Mobility, a drone delivery startup, has raised $8 million in a Series A funding round. The funding round involved participation from various investors, including Chiratae Ventures and Venture Catalyst. Skye Air plans to use the capital for product development, infrastructure expansion, and to grow its team to around 200 employees within the next 18 months. The startup, founded in 2019, is primarily focused on sectors such as healthcare, ecommerce, quick commerce, and agriculture.
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QNu Labs bags $6.5 Mn to provide quantum technology-based cybersecurity solutions
Inc42
·
1y ago
Medial
Quantum-safe cybersecurity firm QNu Labs has raised $6.5 million in a pre-Series A1 funding round led by Ashish Kacholia of Lucky Investments. The funding will be used for expansion and hiring new talent to bolster the company's growth. QNu Labs offers quantum and post-quantum cryptography solutions for data security and privacy against new-age attacks. The firm aims to solidify India's position as a hub for quantum technology and become a key player in global quantum-safe cybersecurity.
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VC-backed pet treat brand Dogsee Chews bags Series B funding
VCCircle
·
5m ago
Medial
Dogsee Chew, a Bengaluru-based pet treat brand, raised $8 million in a Series B funding round led by Ektha.com. The funds will enhance its market expansion and manufacturing capabilities, with a vision to penetrate the U.S. and Canadian markets through Amazon Global. The funding round also featured contributions from the brand's founders and Shivanssh Holdings, raising Dogsee's total funding to $22 million. Founded in 2015, Dogsee offers all-natural Himalayan cheese-based pet treats.
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Healthy snacking brand Farmley bags $40 million
Economic Times
·
2m ago
Medial
Healthy snacking brand Farmley secured $40 million in funding led by L Catterton, alongside DSG Consumer Partners. The funds will enhance operations, expand distribution in India, and boost exports. Founded in 2017, Farmley offers diverse snacks sourced from 5,000 farmers. The firm plans to grow in ecommerce and offline channels, with revenue reaching Rs 370 crore in FY25. Farmley eyes global expansion, piloting in the US, Australia, Canada, and Singapore.
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