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Exclusive: Former Accel and GoTo executives raising funds for prediction market startup Agara

EntrackrEntrackr · 3m ago
Exclusive: Former Accel and GoTo executives raising funds for prediction market startup Agara
Medial

Exclusive: Former Accel and GoTo executives raising funds for prediction market startup Agara Prediction markets startup Agara is in talks to raise over $7 million in a new funding round, according to sources aware of the discussions. “Accel will invest in the round,” said one person familiar with the matter, adding that discussions are ongoing and terms could still change. “The company is seeking a post-money valuation of around $25 million.” Founded by Nikhil Ramesh and Manasjoti Saloi, Agara is building an opinion sharing and prediction markets platform that allows users to earn money by predicting outcomes of future events. The platform is expected to enable participation across categories such as sports, entertainment, politics, weather, culture, technology, and crypto. The founders bring experience across AI and large scale consumer products. Ramesh previously worked as an AI Resident at Accel between March and November 2025. Saloi earlier served as vice president of product management at GoTo Group for over six years, where he led products across transport, consumer logistics, GoShop, Kilat, and GoCorp, and also managed grocery and other consumer offerings. Sources said the company plans to primarily focus on Southeast Asia, while building a platform designed for broader global participation. The platform is also expected to support features including local and contextual markets, along with formats such as parlays and leverage. Responding to Entrackr’s queries, Ramesh said that the facts are incorrect. Accel did not respond to queries sent last week. The development comes amid tighter regulatory scrutiny in India’s real money gaming and opinion trading space. In August, several platforms including Probo, Gameskraft, MPL, My11Circle, and Zupee shut down their real money operations in India following regulatory action. Globally, opinion trading and prediction market platforms have gained traction in markets with clearer regulatory frameworks. Companies such as Kalshi and Polymarket have seen growing adoption for event-based trading, while other platforms have experimented with market-driven models to capture collective sentiment around future outcomes.

Accel Atoms and Google’s AI Futures Fund announce AI cohort 2026

EntrackrEntrackr · 5d ago
Accel Atoms and Google’s AI Futures Fund announce AI cohort 2026
Medial

Accel and Google’s AI Futures Fund (AIFF) has announced the five startups joining the 2026 Atoms AI Cohort. This partnership combines Accel’s journey of supporting Indian founders with Google’s frontier AI infrastructure to help early-stage teams move from initial concept to global scale. Selected from more than 4,000 applications, each startup will receive a co-investment of up to $2 million, split equally between Accel and the Google AI Futures Fund, alongside up to $350,000 in compute credits spanning Google Cloud, Gemini, and Google DeepMind resources. The 2026 Cohort spans five high impact verticals, showcasing both the breadth of AI innovation and India’s growing role in building globally scalable solutions. The cohort includes K-Dense, building an AI co-scientist to accelerate discovery in life sciences, physics, chemistry and beyond; Dodge.ai, bringing autonomous AI agents to modernise ERP systems; Persistence Labs, applying voice AI to transform large scale call centre operations; Zingroll, building AI native entertainment and streaming experiences for consumers; and LevelPlane, advancing industrial automation for precision-led automotive and aerospace manufacturing. Atoms represents Accel's ongoing commitment of backing India's most innovative founders at the earliest stages of their journey. As the first partner to many of India's most successful, category-defining companies - including Flipkart, Freshworks, Swiggy, Urban Company, Zetwerk, and Cure.fit, Accel leverages its deep network and experience to help pre-seed founders navigate the 0-to-1 journey. Accel has backed over 45 companies through Accel Atoms and these startups have collectively raised over $300 million in follow-on funding in their journey of building category-defining businesses. Together, these initiatives represent a new era for early-stage innovation in India, where global capital and technology converge to accelerate founder journeys. The AI Futures Fund supports frontier AI startups around the world, combining capital with early access to technology, infrastructure, and mentorship from Google and DeepMind teams. The fund’s mission is to accelerate responsible AI innovation and empower builders to scale cutting-edge applications globally.

Together Fund leads $5 Mn seed round in Coreworks.AI

EntrackrEntrackr · 11d ago
Together Fund leads $5 Mn seed round in Coreworks.AI
Medial

Fintech startup Coreworks.AI has raised $5 million in a seed funding round led by Together Fund. The startup has opened an early waitlist for AI SuperAnalyst, a suite of autonomous agents designed to convert business data into complete presentations and reports with fully traceable numbers within minutes. The company was founded in 2025 by Prashant Kumar and Pavan Sondur, the founding team behind UNBXD, which achieved a $100 million exit. UNBXD is a category leader in search for e-commerce sites and powers nearly 5% of e-commerce search traffic in the United States. Coreworks’ AI SuperAnalyst connects with ERP systems, CRM platforms, financial models, and spreadsheets, enabling it to understand data and generate spreadsheet models, written analysis, and slide presentations. The platform includes a canvas for creating presentations and reports with tables and charts, ensuring outputs match a company’s style and templates. It is built with enterprise-grade security, including SOC 2 readiness, end-to-end encryption, and strict data protections, ensuring customer data is not used to train AI models. The platform can be used to create quarterly board decks, business review presentations, financial performance and compliance reports, sales and marketing analysis, operational reports, and customer proposal decks.

Exclusive: Gen AI startup Simplismart to raise $7 Mn led by Accel

EntrackrEntrackr · 1y ago
Exclusive: Gen AI startup Simplismart to raise $7 Mn led by Accel
Medial

Generative artificial intelligence startup Simplismart is all set to raise a new round led by Accel, two sources aware of the matter told Entrackr. The Bengaluru-based startup will join a growing list of generative AI startups which have raised decent funding in the ongoing calendar year. “Accel is leading $7 million round in Simplismart with backing from existing investors,” said a source requesting anonymity. “Simplismart has received the term sheets and the deal is set to be public soon.” Simplismart previously raised seed money from Anicut Capital, Sunn91, First Cheque and Shastra VC but it didn’t announce the deal in the media. Founded in 2022 by Amritanshu Jain and Devansh Ghatak, Simplismart enables businesses to build a scalable production-grade AI system and manage the development lifecycle without writing a single line of code. As per the company, its platform lets an amateur as well as an expert train and monitor ML models collaboratively on almost any kind of data or use-case. Sources assert that the company will be valued at around $35 million. Accel declined to comment on the story while queries sent to Simplismart did not elicit any response. In July 2023, AWS and Accel launched the AWS ML Elevate program which selected 35 generative startups from India and Simplismart was a part of the cohort. A recent study by NASSCOM said that the number of generative AI startups in India has more than doubled from 2021 to 2023. This can also be evident from the surge in funding in such startups since December 2023. As per data compiled by startup data intelligence platform TheKredible, more than half a dozen early-stage generative AI startups have raised nearly $100 million in funding in the past six months, Sarvam AI leads the pack with $41 million in Series A followed by Ema and Neysa which raised $25 million and $20 million in their seed round respectively. The list also includes Vodex, KonProz, Dubpro.ai, PlanckDOT and Ayna.

Exclusive: Agrostar raises fresh funds from existing investors

EntrackrEntrackr · 11m ago
Exclusive: Agrostar raises fresh funds from existing investors
Medial

Exclusive: Agrostar raises fresh funds from existing investors Agritech startup Agrostar has raised Rs 57.65 crore in a fresh round from existing investors. This is the first round of investment for the Accel-backed company this year. Agritech startup Agrostar has raised Rs 57.65 crore or $6.7 million in a fresh round from existing investors. This is the first round of investment for the Accel-backed company this year. The board at Agrostar has passed a special resolution to issue 1,45,397 compulsory convertible preference shares at an issue price of Rs 3,965 each to raise Rs 57.65 crore, its regulatory filing accessed from the Registrar of Companies shows. Existing investors Accel India, Evolvence, Chiratae Ventures, Hero Enterprises, Bertelsmann, and Aavishkaar India participated during the round. According to Entrackr’s estimates, the company has been valued at around $293 million post-allotment. Agrostar operates as a comprehensive platform catering to farmers, offering both online and offline channels for farm advisory solutions and agricultural inputs. Agrostar generates revenue from the sale of agri inputs. Agrostar has raised over $110 million to date, including $70 million Series D led by Schroders. According to the startup data intelligence platform TheKredible, before this round, Chiratae Ventures was the largest external stakeholder, followed by Aavishkaar Capital, Accel, and Bertelsmann. The company last filed its financial statements in FY22, where it recorded 88.4% year-on-year growth to Rs 260 with the loss of Rs 142 crore in the same period. It competes with Ninjacart, DeHaat, and Waycool. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever.

Exclusive: Powerplay valuation halves in fresh funding

EntrackrEntrackr · 7m ago
Exclusive: Powerplay valuation halves in fresh funding
Medial

Exclusive: Powerplay valuation halves in fresh funding Construction management startup Powerplay is set to raise fresh capital from its existing backers, Accel India and Surge Ventures, after a three-year funding gap, but at a steep 57% valuation markdown. The board at Powerplay has passed a special resolution to issue 1,739 Series A2 CCPS at an issue price of Rs 98,512.12 per share, to raise Rs 17.13 crore (approximately $2 million), according to the company’s regulatory filings with the Registrar of Companies (RoC). Accel India and Surge Ventures will participate in Powerplay’s new round with Rs 8.56 crore each. According to the startup data intelligence platform TheKredible, the company will be valued at around Rs 258 crore or $30 million post-money, marking a 57% valuation cut, compared to its previous $7 million funding round in August 2022 led by Accel, which valued the company at around Rs 600 crore or $75 million. The company has raised Rs 117 crore to date. As per the filing, after this round, Accel will be the largest external stakeholder with a 21.25% stake, followed by India Quotient and Surge Ventures, which will hold 15.70% and 15.47%, respectively. Its co-founders, Iesh Dixit and Shubham Goyal, will cumulatively own 38.22% of the company. Founded in 2019 by Iesh Dixit and Shubham Goyal, Powerplay simplifies site-to-office communication to manage construction and architectural projects. It enables construction companies to track progress, attendance, material management, invoices, issue tracking, and budget management. Powerplay is yet to file its financial statements for FY25. The Bengaluru-based startup saw its revenue grow 43% to Rs 4.39 crore in FY24 from Rs 3.07 crore in FY23. At the same time, its losses reduced by 14% to Rs 31.92 crore.

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