🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Equirus InnovateX Fund leads $1 Mn round in data engineering startup Datazip

EntrackrEntrackr · 1y ago
Equirus InnovateX Fund leads $1 Mn round in data engineering startup Datazip
Medial

Datazip, a Bengaluru-based data engineering startup, has raised $1 million in a seed funding round, with Equirus InnovateX Fund contributing Rs 6 crore. This investment marks EIF’s second deployment from its $30 million tech-focused venture capital fund. Datazip had previously secured $202K from Anicut Capital and other investors. The new funding will be utilized to develop and innovate data engineering and analytics products in India. Co-founded in 2022 by Sandeep Devarapalli, Shubham Baldava, and Rohan Khameshra, Datazip is focused on building a composable lakehouse platform designed to enhance data engineers’ productivity by tenfold. The platform aims to help organizations optimize their data workflows and gain real-time insights, allowing them to stay competitive in a rapidly evolving market. The data lakehouse platform market is currently valued at $11.1 billion and is projected to grow at a remarkable CAGR of 22.9% from 2023 to 2033, potentially reaching $66.6 billion. Datazip has already onboarded 15 clients and is focused on scaling its operations significantly over the next year, aiming to transform how businesses manage large datasets in real-time.

3

Related News

Zee invests in Flutrr; Datazip, three others pocket early-stage cheques

VCCircleVCCircle · 1y ago
Zee invests in Flutrr; Datazip, three others pocket early-stage cheques
Medial

- Zee Akaash News Pvt. Ltd is investing Rs 3.75 crore in Flutrr Digimate Pvt. Ltd, a vernacular social media website and mobile app. - AI startup Wokelo has secured $4 million in seed funding from Array Ventures and KPMG Ventures. The funding will support the development of its technology that streamlines due diligence. - Data engineering startup Datazip raised $1 million in seed funding from Equirus Innovatex Fund. Their platform offers data ingestion, storage, transformation, and visualization solutions. - Social Hardware, a startup specializing in assistive devices and field robotics, raised Rs 3.2 crore in a seed round led by Inflection Point Ventures. - Onlygood.ai, a platform simplifying carbon management and sustainability reporting, raised Rs 4 crore in a seed funding round from IITMIC, Goel Group, and Daimler India Commercial Vehicles. The platform plans to expand its operations across India, the Middle East, and Europe.

Consuma raises $1.3 Mn in seed round led by Equirus InnovateX Fund

EntrackrEntrackr · 4m ago
Consuma raises $1.3 Mn in seed round led by Equirus InnovateX Fund
Medial

Consuma raises $1.3 Mn in seed round led by Equirus InnovateX Fund Consuma, a startup that aims to disrupt traditional research methods like surveys and focus-groups, has raised $1.3 million (about Rs 11.16 crore) in seed funding round led by Equirus InnovateX Fund, along with participation from prominent angel investors such as Abhishek Goyal, Mekin Maheshwari, Bhavik Dholakia, Harsh Shah, Arnav Kumar, Shiv Kapoor, Biswa Kalyan Rath, and several others. The Bengaluru-based startup had previously raised $200K in the same round from Expert DOJO and others. The proceeds will be allocated for technology development and market expansion - both domestically and globally, Consuma said in a press release. Launched in 2021 by Abhilash Madabhushi, Consuma is an AI startup that aims to revolutionize how brands conduct consumer research. By replacing traditional surveys and focus groups with AI-driven analysis of digital behaviour, Consuma enables brands to access faster, richer, and more cost-effective insights. “Consumers are changing faster than ever before, and brands need research methods that keep up with this rate of change. We are building technology to bring consumer research into the age of AI - driving differential insights in minutes, not months,” said Abhilash Madabhushi, founder of Consuma. According to Consuma, brands can perform research in 30 minutes instead of 2-3 months, at 1/10th the cost, all while analysing 1000x more data. In less than six months since its public launch, the company claims that it already works with over 35 global brands, including Godrej and Britannia.

Equirus InnovateX Fund announces final close of B2B tech fund at Rs 166 Cr

EntrackrEntrackr · 2d ago
Equirus InnovateX Fund announces final close of B2B tech fund at Rs 166 Cr
Medial

**Equirus InnovateX Fund announces final close of B2B tech fund at Rs 166 Cr** Equirus InnovateX Fund (EIF), the early stage venture arm of the Equirus Group, has announced the final close of its maiden B2B tech fund at Rs 166 crore. The fund’s first close was announced in February 2024. According to EIF, it backs seed and pre-Series A companies building in deep tech, SaaS, and fintech, typically teams that are post-product and working toward product-market fit. The fund aims to partner with founders solving hard problems with clear distribution and defensibility, and who are building for long-term sustainability. The close attracted both domestic and global investors who bring operational experience and market access in addition to capital. EIF counts a number of founders and operators among its backers, including Girish Gaitonde, M.R. Jyothy, Dhimant Bhayani, Raj P., Shankar Vailaya, and Nitin Seth. The fund is led by Krishna Jha, Sunder Nookala, and Sadhika Agarwal, founders and investors with strong operational backgrounds, who are responsible for driving investments and managing the portfolio across the fund’s focus areas. EIF states that it has deployed over one-third of the corpus, backing seven startups from Fund I, with a target portfolio of up to 15 companies. Active investments include Pointo, Datazip, GreenStitch, CtrlB, Consuma AI, RSPL, and NeverInstall. The remaining capital is expected to be deployed over the next 12 to 18 months. Beyond capital, EIF partners with founders on enterprise access, regulatory navigation, senior hiring, and capital raising preparedness. The fund emphasises strong governance and long-term value creation. With the maiden fund now fully closed, it will focus on scaling its existing portfolio, selectively adding new companies, and deepening relationships with founders and long-term capital partners as it lays the groundwork for its next fund.

Download the medial app to read full posts, comements and news.