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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.

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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 · 1m 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.

GreenStitch bags $1.2 Mn in seed round

EntrackrEntrackr · 10m ago
GreenStitch bags $1.2 Mn in seed round
Medial

GreenStitch, a sustainability-focused SaaS platform designed for the fashion and textile industry, has raised $1.2 million in its seed round led by Equirus InnovateX Fund, with participation from Ivycap Ventures, Warmup Ventures, and Zeca Ventures. The round also saw participation from climate and fashion experts and entrepreneurs like Anshuman Bapna (founder, Terra.do), Sumit Jain (CTO, Zalora), Pankaj Vermani (founder, Clovia), Amit Kumar (founder, Nobroker), Senthil Sankar (founder, Ecoline) has also invested in this round. The proceeds will be used to strengthen its team and product and build a database for fashion and textiles. Founded by Narendra Makwana and Arpit Samdani, GreenStitch integrates directly with enterprise ERP and PLM systems, consolidating information from multiple supply chain tiers, identifying data gaps, and using AI and machine learning to fill missing details. This ensures reliable Scope 3 GHG calculations, even with incomplete datasets, while also identifying ESG risks in the supply chain. In addition to data-driven emissions tracking, GreenStitch offers tools for decarbonization and predictive modeling. These tools enable companies to evaluate how design choices and supplier decisions impact carbon emissions—helping businesses adopt proactive sustainability strategies before production begins.

CtrlB raises $2.5 Mn in seed round led by Chiratae Ventures

EntrackrEntrackr · 16d ago
CtrlB raises $2.5 Mn in seed round led by Chiratae Ventures
Medial

Unified data platform CtrlB has raised $2.5 million in a seed round led by Chiratae Ventures, with participation from Equirus, InnovateX Fund, Campus Fund, and Point One Capital. The proceeds will be used to scale its unified diskless data lake platform, accelerate R&D, file patents for its indexing and compression technology, and secure SOC 2 and ISO 27001 certifications. CtrlB will expand operations across India and the United States and increase its team size to 50–60 members across distributed systems, DevOps, solution architecture, and sales. The company plans to deepen partnerships in the cloud and DevOps ecosystem and strengthen customer success to drive faster enterprise adoption. Founded in 2023 by Adarsh Srivastava, CtrlB unifies logs, metrics, traces, and security events into a single observability engine built on cloud object storage. The platform uses one-touch ingestion, high-speed indexing, and compression technology designed to reduce storage cost and improve telemetry retention. The company plans to target over fifty enterprise customers in the next eighteen months across logistics, fintech, ecommerce, and SaaS, and aims to expand into adjacent markets including APM and log analytics. CtrlB is preparing a platform upgrade that includes a new interface, dashboards, and a correlation engine, while also strengthening cloud partnerships. The company’s model is built around lowering observability cost and increasing search and ingestion performance for engineering and security teams.

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