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Exclusive: Gnani.ai kicks off Series B round led by Aavishkaar Capital

EntrackrEntrackr · 6d ago
Exclusive: Gnani.ai kicks off Series B round led by Aavishkaar Capital
Medial

Exclusive: Gnani.ai kicks off Series B round led by Aavishkaar Capital Gnani.ai, a voice-first generative AI firm, has raised Rs 68 crore (around $7.17 million) in a funding round led by Aavishkaar Capital. This is the company’s first capital raise in 2026. The company’s board has passed a resolution to allot 1,647 compulsory convertible preference shares (CCPS) at an issue price of Rs 4,12,291.79 per share to raise the amount, according to its regulatory filings. As per Entrackr’s estimates, the company’s valuation has jumped to Rs 818 crore (approximately $87 million) in the latest round, up from Rs 204 crore in its previous round. According to the filing, the proceeds will be used to scale its voice AI platform, strengthen product capabilities, and expand its enterprise footprint across domestic and international markets. Founded in 2016 by Ganesh Gopalan and Ananth Nagaraj, Gnani.ai offers a voice-first generative AI platform that helps enterprises automate customer interactions across channels such as voice, chat, and messaging. The startup provides a no-code, omnichannel AI suite with capabilities including conversational automation, agent assist, voice biometrics, and analytics, enabling businesses to improve customer experience and operational efficiency at scale. In July 2024, Bengaluru-based Gnani.ai had raised Rs 30 crore (around $4 million) in its Series A round from Info Edge Ventures. Gnani.ai reported sharp growth in FY25, with revenue rising to Rs 53.87 crore from Rs 23.09 crore in FY24, while turning profitable with a net profit of Rs 3.19 crore, compared to a loss of Rs 51 lakh in the previous fiscal.

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Exclusive: Battery Smart kicks off pre-Series C funding round

EntrackrEntrackr · 1m ago
Exclusive: Battery Smart kicks off pre-Series C funding round
Medial

Exclusive: Battery Smart kicks off pre-Series C funding round Battery Smart has initiated its pre-Series C funding round. While the size of the round is unknown, Acacia Inclusion, Blume Ventures and PC-SBI Kurashi Visionary Fund have already invested over $7 million. According to its regulatory filings with the Registrar of Companies, the board of Battery Smart has passed a special resolution to allot 12,158 pre-Series C compulsory convertible preference shares at an issue price of Rs 54,407 each for Rs 66 crore (approximately $7.4 million). Acacia Inclusion led the round with an investment of Rs 36.3 crore, followed by PC-SBI Kurashi Visionary Fund with Rs 17.8 crore, while Blume Ventures joined the pre Series C round with Rs 12 crore. The proceeds will be used to support business expansion, capital expenditure, working capital requirements, and other general corporate purposes, as per filings. Battery Smart offers lithium-ion batteries for electric two- and three-wheelers that can be swapped within minutes at its network of swapping stations. Through its battery-as-a-service (BaaS) model, the company enables users, particularly gig economy drivers, to avoid the upfront cost of owning batteries. To date, Battery Smart has raised around $192 million in funding, including its $65 million Series B round and $29 million extended Series B round. Its cap table includes prominent investors such as Tiger Global, Blume Ventures, and Ecosystem Integrity Fund. On the financial front, the company reported a 52% year-on-year increase in operating revenue to Rs 249 crore in FY25, up from Rs 164 crore in FY24. Battery Smart also stated that it has achieved operating break-even and turned EBITDA positive.

Exclusive: Neo kicks off Series B with $26.5 Mn

EntrackrEntrackr · 1y ago
Exclusive: Neo kicks off Series B with $26.5 Mn
Medial

Wealth and asset management company Neo has raised Rs 220 crore or $26.5 million in its Series B led by Crystal Investment. This is the second significant round for the Mumbai-based company in the past 9 months. The board at Neo has approved issuing Series B preference shares at an issue price of Rs 3,12,421 each to raise $26.5 million, its regulatory filing accessed from the Registrar of Companies (RoC) shows. Crystal investments pumped in Rs 140 crore (approximately $16.8 million) while Mufg Bank and individual investor Deepak Agarwal participated with Rs 78 crore and Rs 2 crore, respectively. This seems to be part of an ongoing round and the firm may raise more funds.. As per TheKredible’s estimates, the company has been valued at around Rs 1,920 crore or $231 million post-allotment. Neo has raised around $104 million to date including its $35 million Series B round led by Peak XV in October last year. According to the startup data intelligence platform TheKredible, Peak VV was the largest external shareholder, holding 22.22% of the company. Meanwhile, its co-founders—Nitin Jain, Varun Bajpai, and Hemant Dogra—collectively held 63.81% prior to this funding round. Neo provides advisory and yield-based investment solutions to high and ultra-high net worth individuals including indigenous family offices. The three-year-old firm demonstrated supper growth in the fiscal year ending March 2023 as its revenue ballooned 9X to Rs 65.1 crore. Neo achieved such growth with a mere loss of Rs 3.6 crore during FY23. The company is yet to disclose its FY24 results.

Exclusive: Bare Anatomy parent Innovist kicks off Series B round

EntrackrEntrackr · 1y ago
Exclusive: Bare Anatomy parent Innovist kicks off Series B round
Medial

Innovist, the parent company of Bare Anatomy, Chemist at Play, and Sunscoop, is raising Rs 49.25 crore (approximately $5.7 million) in its Series B round. This marks the first round of investment for the Gurugram-based company in 2025. The board at Innovist has passed a special resolution to issue 72,223 Series B compulsory convertible preference shares at an issue price of Rs 6,819 each, raising Rs 49.25 crore, according to its regulatory filing accessed from the Registrar of Companies (RoC). IVen Amplifi Fund (managed by ICICI Ventures Fund) will lead the round with Rs 19.47 crore, while Mirabilis Investment Trust will contribute Rs 10.1 crore. Sauce.VC and Niveshaay Sambhav Fund will also participate, investing Rs 8.75 crore and Rs 10 crore, respectively. The fresh proceeds will be utilized for recruitment, operations, sales, marketing, and other general corporate purposes, as decided by the board. According to Entrackr estimates, the company will be valued at approximately $140 million post-allotment. This capital infusion appears to be part of a larger funding round, with the potential for additional investments that could further impact its valuation. Founded in 2018 by Rohit Chawla, Sifat Khurana, and Vimal Bhola, Innovist—formerly known as Onesto Labs—offers personal care products. It currently operates three brands: Bare Anatomy, Chemist at Play, and Sunscoop. Innovist has raised over $16 million to date, including a $7 million Series A round led by the Amazon Smbhav Venture Fund. According to the startup data intelligence platform TheKredible, prior to this round, Sauce.VC was the largest external stakeholder, followed by 72 Ventures, Accel India, and the Amazon Smbhav Fund. The company has not yet filed its annual statements for the previous fiscal year (FY24). In FY23, it reported operational revenue of Rs 36.53 crore, while its losses amounted to Rs 16.87 crore during the same period.

Exclusive: Credilio kicks off Series A; valuation jumps 2.7X

EntrackrEntrackr · 17d ago
Exclusive: Credilio kicks off Series A; valuation jumps 2.7X
Medial

Exclusive: Credilio kicks off Series A; valuation jumps 2.7X Fintech startup Credilio has raised around Rs 30 crore (approximately $3.3 million) in its Series A round led by existing investor Cornerstone Ventures, with participation from Ashra Private Equity Fund. The company’s board has passed a resolution to allot 2,481 compulsory convertible cumulative preference shares (CCCPS) at an issue price of Rs 1,20,880 per share to raise the aforementioned amount. Cornerstone Ventures led the round with an investment of Rs 20 crore, followed by Ashra Private Equity Fund, which infused Rs 10 crore. According to Entrackr’s estimates, Credilio’s valuation has jumped 2.7X to Rs 330 crore (approximately $36.5 million) post-money, compared with its last seed round, which was at Rs 120 crore valuation. According to the filing, the proceeds from the issue will be used for growth, expansion, and general corporate purposes. The company may raise additional capital as the round progresses. Following the latest proceeds, Cornerstone Ventures and Ashra Private Equity Fund hold 17.90% and 3.03%, respectively, on a fully diluted basis. Its cofounders, Aditya Gupta, Anand Kapadia, and Sandeep Ghule hold 12.21% each in the company. Mumbai-based firm had previously raised $4 million (around Rs 30 crore) in its pre-Series A round from Cornerstone Venture Partners Fund (CSVP Fund), Exfinity Venture Partners, and Param Capital founder Mukul Agarwal in his personal capacity. Founded in 2020 by Aditya Gupta, Sandeep Ghule, and Anand Kapadia, Credilio is a digital platform that connects financial advisors, lenders, and consumers, enabling seamless distribution of credit cards and loan products. Credilio reported flat revenue at Rs 79.79 crore in FY25 compared to Rs 79.67 crore in FY24, while its losses declined slightly to Rs 19.35 crore in the same period.

Eloelo kicks off Series B round with $13 Mn

EntrackrEntrackr · 12m ago
Eloelo kicks off Series B round with $13 Mn
Medial

Social gaming and live streaming platform Eloelo is raising Rs 114 crore (approximately $13 million) in its Series B round led by Play Ventures Investments with participation from Gameskarft Technologies, Kalaari Capital, and WestBridge Capital. The board has passed a resolution to issue 1,696 Series B compulsory convertible preferred shares at Rs 6,73,997 each to raise the funds, according to a regulatory filing. Play Ventures is investing Rs 34.7 crore, Gameskraft Technologies Rs 21.7 crore, WestBridge Capital Rs 8.7 crore, and Kalaari Capital Rs 13 crore. Additional investments are being made by Countryside Ventures, Rocket Capital, MIXI Global, and Veenita and Vinay Mittal. Eloelo has raised over $50 million to date, including a $22 million pre-series B round co-led by Courtside Ventures and Griffin Gaming Partners. Post-transaction, Play Ventures will hold 3.38%, Countryside Ventures 4.46%, Gameskraft 2.12%, and Kalaari Capital 6.35%. Founded by Saurabh Pandey and Akshay Dubey, Eloelo offers live games and entertainment with native activities like tambola and antakshari. It features over 50 live games and more than 1,000 daily live streams. The social gaming and live streaming space in India is evolving with platforms like Loco, Rooter, and Turnip in gaming, while Chingari, ShareChat, and Bolo Live expand into live and casual gaming.

Exclusive: Newtrace to raise pre Series A funding led by HDFC Bank

EntrackrEntrackr · 1m ago
Exclusive: Newtrace to raise pre Series A funding led by HDFC Bank
Medial

Newtrace is set to raise Rs 28 crore (approximately $3.12 million) in a pre-Series A round from HDFC Bank and Japan-based Mitsui Sumitomo Insurance. Existing investors Aavishkaar Capital, Peak XV Partners, Speciale Invest, and Micelio Fund also participated in the new round. The board at Newtrace approved the issue of 2,541 pre-Series A CCCPS at an issue price of Rs 111,694 each to raise the funds, according to a filing with the Registrar of Companies (RoC). HDFC Bank will lead the new round with Rs 4.9 crore, followed by Peak XV, Aavishkaar Capital, and Mitsui Sumitomo Insurance, which will invest Rs 4.35 crore each. Speciale Invest, Micelio Technology Fund, and other existing investors will contribute the remaining amount. Newtrace's valuation post-money is estimated to be Rs 237 crore (approximately $26 million). The proceeds will be used for product development, expansion, infrastructure and delivery capabilities, and overall growth. Founded in 2021 by Prasanta Sarkar and Rochan Sinha, Newtrace develops cost-efficient electrolyzer technology for green hydrogen production. Prior to this round, Newtrace raised over $6.5 million, including a $5.65 million round in May 2023 led by Peak XV and Aavishkaar Capital. Speciale Invest will hold a 12.88% stake after the allotment of the new round, followed by Peak XV (12.88%), Micelio Technology Fund (11.65%), Aavishkaar Capital (5.80%), HDFC Bank (2.11%), and Mitsui Sumitomo (1.84%). For the fiscal year ended March 2025, Newtrace reported Rs 1.8 crore in operating revenue, with losses widening 73% to Rs 15.6 crore.

Exclusive: Sneaker brand Gully Labs kicks off Series A round

EntrackrEntrackr · 2m ago
Exclusive: Sneaker brand Gully Labs kicks off Series A round
Medial

Sneaker brand Gully Labs has raised Rs 26.5 crore ($3 million) in its Series A round, led by Saama Capital, with participation from seed round investor Zeropearl and other individual investors. The board at Gully Labs has passed a resolution to issue 10 equity shares and 31,925 Series A compulsorily convertible preference shares (CCPS) at an issue price of Rs 8,301 per share, aiming to raise Rs 26.50 crore, as per its regulatory filing with the Registrar of Companies (RoC). Saama Capital led the round with an investment of Rs 22.6 crore, while seed-stage backer Zeropearl followed with Rs 3.5 crore. The round also saw participation from Teppan (Rs 20 lakh), Unacademy co-founder Roman Saini (Rs 10 lakh), Edelweiss Mutual Fund MD and CEO Radhika Gupta (Rs 10 lakh), and angel investor Aditya Bhalla (Rs 4 lakh). According to the filings, the fresh funds will be utilised for business expansion and other corporate purposes. As per Entrackr’s estimates, Gully Labs is valued at around Rs 147 crore ($16.25 million) on a post-money basis. Following the fresh allotment, Saama Capital VI LP has emerged as the largest shareholder with a 15.40% stake, while Zeropearl Fund holds 10.21%. Before this round, the company had secured around $1 million in seed capital in June last year. Co-founded in 2023 by Arjun Singh and Animesh Mishra, Gully Labs operates a direct-to-consumer footwear brand focused on sneakers inspired by Indian street culture. The company designs and manufactures its products in-house and primarily sells through its own website. Gully Labs is yet to file its FY25 financial results. The company competes with players such as Comet, which raised $5 million in 2024, Neemans, which has recently kicked off fresh fundraising, as well as Solethreads, Zeesh, and others.

Exclusive: Bluecopa kicks off Series A with a 2.3X valuation surge

EntrackrEntrackr · 4m ago
Exclusive: Bluecopa kicks off Series A with a 2.3X valuation surge
Medial

url: https://entrackr.com/exclusive/exclusive-bluecopa-kicks-off-series-a-with-a-23x-valuation-surge-10788821. Content: FinOps automation platform Bluecopa to begin its Series A round with a Rs 64.7 crore (around $7.35 million) fundraise led by Valorshield Pte Ltd (Analog), with participation from existing investors Blume Ventures and Dallas Venture Capital. This investment follows the company’s $1.8 million pre-Series A round secured in September last year. The Bluecopa’s board has issued 4,562 Series A compulsory convertible preference shares at an issue price of Rs 1,41,849.13 per share to raise the above-mentioned amount, according to its filing with the Registrar of Companies (RoC). Valorshield Pte Ltd led (Analog) the round with Rs 38.8 crore ($4.4 million) investment, while the existing investors Blume Ventures and Dallas Venture Capital participated with Rs 12.93 crore each. According to Entrackr’s analysis, Bluecopa’s valuation surged 2.3X to Rs 306 crore or approximately $35 million post money, compared to Rs 133 crore valuation in its previous $1.8 million round. Co-founded in 2021 by Nilotpal Chanda, Raghavendra Reddy, and Satya Prakash Buddhavarapu, Bluecopa uses AI and data analytics to help CFOs automate and optimize financial operations. Its cloud-native platform offers a unified system for modern finance teams, enabling autonomous processes that streamline workflows and improve overall efficiency. According to startup data intelligence platform TheKredible, the Hyderabad-based company has raised around over $11 million to date including its seed round of $2.3 million raised in August 2022. Financially, for the fiscal year ended March 2024, the Blume-backed company reported operating revenue of just Rs 5.2 lakh and non-operating income of Rs 27.38 lakh. It posted a net loss of Rs 7.2 crore during the period. The company has yet to disclose its FY25 financials.

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