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Equity research startup Multibagg AI raises Rs 1.5 Cr in pre-seed round led by AJVC

EntrackrEntrackr · 3d ago
Equity research startup Multibagg AI raises Rs 1.5 Cr in pre-seed round led by AJVC
Medial

Equity research startup Multibagg AI has raised Rs 1.5 crore in a pre-seed funding round led by AJVC. Prior to this, the startup had raised Rs 65 lakh from friends and family, taking its total capital raised to Rs 2.15 crore. The fresh funds will be primarily used for team expansion and product development, as the company looks to strengthen its AI-driven research and analytics capabilities. Multibagg AI provides institutional-grade equity research and analytics to retail stock market investors in India through an AI-native platform. The startup aims to build a global financial technology company from India in the equity research segment, which it describes as a multi-billion-dollar market. According to the company, it recently crossed 10,000 users on its platform and achieved over Rs 10 lakh in annual recurring revenue (ARR). In a statement, the company’s founder and CEO, Aaditya Anand, said the platform is being built to address the gap between the growing number of retail investors and the limited availability of qualified research professionals. Multibagg AI went live with its beta around six months ago and said users have connected portfolios worth over Rs 5,000 crore and interacted extensively with its AI assistant for research-related queries. Over the past year, AJVC has backed several early-stage startups across sectors.

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Jaagruk Bharat raises Rs 1.5 Cr in pre-seed round led by AJVC

EntrackrEntrackr · 3m ago
Jaagruk Bharat raises Rs 1.5 Cr in pre-seed round led by AJVC
Medial

Jaagruk Bharat raises Rs 1.5 Cr in pre-seed round led by AJVC Jaagruk Bharat helps citizens navigate welfare schemes and public services through an easy-to-use, multilingual interface that supports discovery, application, and real-time tracking. Jaagruk Bharat, a civic-tech startup dedicated to making government services, has raised Rs 1.5 crore in a pre-seed funding round led by AJVC, the early-stage venture capital firm founded by Aviral Bhatnagar. The proceeds will be used to strengthen product development, expand collaborations with state and central government bodies, and enhance accessibility features across multiple platforms. It will also focus on scaling its reach among marginalized communities and improving system interoperability to make access to benefits faster and more reliable. Founded by Akshit and Abhishek Goel, Jaagruk Bharat helps citizens navigate welfare schemes and public services through an easy-to-use, multilingual interface that supports discovery, application, and real-time tracking. The company’s platform enables users to discover, apply for, and track government schemes and welfare services seamlessly, ensuring transparency and accountability at every step. By combining automation, vernacular support, and accessible interface design, Jaagruk Bharat is building a citizen-first ecosystem that simplifies government interactions for individuals across different socio-economic and linguistic backgrounds.

Car servicing startup GaadiMech raises pre-seed round led by AJVC

EntrackrEntrackr · 3m ago
Car servicing startup GaadiMech raises pre-seed round led by AJVC
Medial

Car servicing startup GaadiMech raises pre-seed round led by AJVC Car servicing platform GaadiMech.com has raised Rs 1.5 crore in a pre-seed funding round at a $2 million valuation led by AJVC. The funds will be used to expand beyond Jaipur, where it is already operational in Jodhpur and Udaipur, strengthen product and tracking capabilities, and standardize quality across service hubs, GaadiMech said in a press release. Co-founded in 2020 by Surakshit Soni and Sarvesh Kabra, GaadiMech aims to empower the automotive service industry. The company operates through an online platform and physical service centers, offering express car services, transparent pricing, and genuine parts to deliver a streamlined and reliable vehicle maintenance experience. “Car care should feel like a pit stop, not a full-day chore. With 90 minutes, live tracking, and 100% transparency, we’re rebuilding trust in an unorganized market,” said Surakshit Soni, Co-founder of GaadiMech. The company’s 90-minute Express Car Service combines parallel workflows, real-time tracking, and upfront pricing to create a pit-stop experience for car owners. It plans to scale across India with an asset-light service model. Lead investor AJVC recently announced the final close of its maiden fund, with commitments exceeding Rs 200 crore. Its recent investments include Nuyug, a jewellery brand focused on celebration wear, and Mithila Foods, an FMCG company developing Bihar-based food products.

Iztri raises Rs 1.5 Cr in pre-seed round from AJVC

EntrackrEntrackr · 1m ago
Iztri raises Rs 1.5 Cr in pre-seed round from AJVC
Medial

Iztri, a Bengaluru-based clothing-care startup, has raised Rs 1.5 crore ($180K) in a pre-seed round from AJVC, led by Aviral Bhatnagar. The company plans to use the capital to expand its network across Bengaluru and strengthen its technology and supply chain systems. It will also be used to develop technology layers for workflow management, customer experience, and operational tracking as Iztri expands in the Bengaluru market. Co-founded by Rohit Ramesh and Ankit Choudhary, Iztri operates a structured, tech-enabled ironing and clothing-care service, targeting a category that remains largely informal despite high daily demand. The firm is building a hyperlocal network that standardises service quality, improves reliability for households, and brings predictable income and safer working environments for ironing professionals. Iztri’s platform focuses on predictable turnaround times, route optimisation, and demand consolidation, allowing workers to earn more and reduce idle time. It also builds out its processing hubs and strengthens workforce training as it scales.

Mithila Foods raises Rs 1.5 Cr in seed round from Aviral Bhatnagar’s AJVC

EntrackrEntrackr · 4m ago
Mithila Foods raises Rs 1.5 Cr in seed round from Aviral Bhatnagar’s AJVC
Medial

Mithila Foods, an FMCG company working on Bihar-based food products, has secured Rs 1.5 crore in seed funding from AJVC, an investment firm founded by Aviral Bhatnagar. The maiden funding will be used to expand distribution, strengthen the supply chain, and introduce new product categories rooted in Bihar’s culinary heritage, the company said in a press release. Founded in January 2025 by Shubham Sunderka, Ankit Kumar, and Anshu Kumar, Mithila Foods focuses on staples such as sattu, roasted chana, makhana, and katarni chuda for consumers in Bihar and urban markets. In less than five months, Mithila Foods claims to have scaled rapidly, crossing Rs 3 crore in annualised revenue, launching over 20 SKUs, and serving more than 25,000 customers across 4,000 pin codes. According to the company, starting from a warehouse in Dumka, the brand has expanded its presence across the country, serving both migrant communities and urban buyers. Its distribution includes e-commerce platforms such as Amazon and Flipkart, along with offline retail in tier I and tier II cities. AJVC follows a standard investment strategy of providing Rs 1.5 crore in funding for a 9% equity stake in startups.

Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC

EntrackrEntrackr · 7m ago
Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC
Medial

Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC Sneaker brand Gully Labs has raised Rs 8.7 crore in a seed funding round — comprising Rs 7.6 crore in equity and Rs 1.1 crore in venture debt. The equity round was led by Zeropearl VC along with participation from Untitled Ventures, Atrium Ventures, and other prominent angel investors including Bounce co-founder & CEO Vivekananda Hallekere, Suhasini Sampath, Nishchay AG, Renee Cosmetics founder Ashutosh Valani, Anurag Ramadasan, and Rahul Seth, while Stride Ventures led the debt investment. Prior to this, the company had secured Rs 1.1 crore in equity during its pre-seed round in 2024. The fresh capital will be deployed towards diversifying the product mix, expanding sales channels, and opening physical retail stores, Gully Labs said in a press release. Co-founded in 2023 by Arjun Singh and Animesh Mishra, Gully Labs crafts handmade sneakers, blending premium materials with culturally rich design stories — from Phulkari-embroidered trainers to Onam-inspired silhouettes. Gully Labs sells its products through its website and in select partner stores across Indian metros. The company plans to build a larger production facility, broaden its product line across diverse sneaker styles, and deepen its reach across India and global markets. It also plans to launch exclusive retail outlets as part of its omni-channel strategy.

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