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Exclusive: Salesforce Venture to lead $15 Mn in app builder Rocket.new

EntrackrEntrackr · 6m ago
Exclusive: Salesforce Venture to lead $15 Mn in app builder Rocket.new
Medial

url: https://entrackr.com/exclusive/exclusive-salesforce-venture-to-lead-15-mn-in-app-builder-rocketnew-10068354 Content: Mobile app builder Rocket.new (formerly Dhiwise) is set to raise Rs 131.4 crore or $15 million in its extended Series A round led by Salesforce Ventures and existing investors Accel and Together Fund. This marks the first significant funding for the four-year-old company in three years since it raised $7 million in August 2022. According to its filing with the Registrar of Companies, Rocket.new’s board approved issuing 4,81,718 Series A1 CCPS at Rs 2,728 each to raise the specified amount. Salesforce Ventures will lead the round with an investment of Rs 74.46 crore ($8.46 million), with Accel and Together Fund also partaking in the funding. The company plans to utilize the proceeds for growth, expansion, and working capital needs. Entrackr estimates that the Surat-based company’s valuation will more than double to Rs 545 crore ($62 million) from its previous valuation of Rs 256 crore in its last funding round. Post allotment, Accel will become the largest external shareholder, holding an 18.87% stake, with Salesforce Ventures at 13.68% and Together Fund at 5.62%. Co-founders Vishal Virani and Rahul Shingala will maintain a collective 36% stake in the company. Founded in 2021 by Vishal Virani and Rahul Shingala, Rocket.new is an AI-powered no-code/low-code platform enabling users to build and launch apps, websites, and tools from simple prompts or designs. The company, according to startup data intelligence platform TheKredible, raised over $9.5 million previously from investors like Accel, India Quotient, Together Fund, and Dholakia Ventures. Rocket.new reported Rs 3.5 crore in revenue for FY24, with losses increasing by 46% to Rs 11 crore, as per its standalone financials filed with the RoC.

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Salesforce unveils Einstein 1 Studio, giving you more Copilot control than ever

TechradarTechradar · 2y ago
Salesforce unveils Einstein 1 Studio, giving you more Copilot control than ever
Medial

Salesforce has launched Einstein 1 Studio, a suite of low-code tools that allow admins and developers to customize Einstein Copilot. This move aims to enable the seamless integration of the company's conversational AI assistant across all applications. The announcement comes as IT professionals recognize the transformative impact of generative AI on technology implementation and the need for adaptable AI models and access to reliable customer and business data. The suite includes Copilot Builder, Prompt Builder, and Model Builder, offering customization options for AI actions and tailored prompts. Salesforce is also offering AI training for its customers. The pricing details have not been disclosed.

Exclusive: Info Edge in talks to lead $2.5 Mn round in Ghar Mandir

EntrackrEntrackr · 7m ago
Exclusive: Info Edge in talks to lead $2.5 Mn round in Ghar Mandir
Medial

Exclusive: Info Edge in talks to lead $2.5 Mn round in Ghar Mandir Ghar Mandir, a digital devotional platform, is in late-stage talks to raise $2.5 million in its maiden funding round led by Info Edge, according to people familiar with the matter. The latest capital infusion is expected to help Ghar Mandir accelerate its product development and expand its reach, as competition intensifies within India’s burgeoning faith-tech sector. “Info Edge is expected to issue a term sheet as due diligence enters its final stage,” said one of the persons requesting anonymity. The round will mark Info Edge’s first lead investment in the temple-tech or devotion tech space this year. Ghar Mandir, founded by Samya Mittal and Apurva Shah in August 2023, lets users book temple offerings and devotional services online. Partnering with over 50 temples and priests, it delivers prasad, conducts rituals starting at Rs 101, and shares video recordings. The bootstrapped platform claims to have served over one lakh users to date. According to sources, the deal is expected to close in a few weeks, with Ghar Mandir targeting a valuation of $10–15 million, if all goes as planned. Queries sent to Ghar Mandir and Info Edge did not elicit an immediate response. The move comes on the heels of competitor AppsForBharat, parent of Sri Mandir, raising $20 million in a Series C round led by Susquehanna Asia Venture Capital last month. DevDham, Vama, Utsav App, Sutradhar, and 27 Mantra are also competing in the same space. According to a formal complaint against Ghar Mandir and others reviewed by Entrackr, the apps came under scrutiny following a spate of cyber frauds. A notice from the Ahmednagar Cyber Police warned about fake websites offering VIP passes for the Shirdi Sai Baba temple. The complaint added that fraudsters are deceiving people by collecting money and personal details through these sites.

Exclusive: EV startup Qucev raises $15 Mn in Series B

EntrackrEntrackr · 3m ago
Exclusive: EV startup Qucev raises $15 Mn in Series B
Medial

Exclusive: EV startup Qucev raises $15 Mn in Series B Qucev has raised Rs 131.25 crore ($15 million) in Series B round led by existing investor Singularity AMC with the participation of Lotus Family Trust, Volrado Venture Partners, Anchorage Capital and others. Electric commercial vehicle startup Qucev has raised Rs 131.25 crore (approximately $15 million) in Series B round led by existing investor Singularity AMC with the participation of Lotus Family Trust, Volrado Venture Partners, Anchorage Capital and others. According to its regulatory filing with the Registrar of Companies (RoC) in September 2025, Qucev’s board issued 4,467,375 Series B compulsorily convertible preference shares at an issue price of Rs 293.8 per share to raise the said amount. Singularity AMC led the tranche with an investment of Rs 25.76 crore (nearly $3 million), followed by Lotus Family Trust, which put in Rs 18.5 crore. Anchorage Capital, Volrado Venture Partners, Param Capital, and S Gupta Family Investments each invested Rs 17.98 crore. The remaining amount was contributed by other investors, including angel investors Lakshay Singhal, Anubhav Gupta and company’s founder Naresh Rawal. According to Entrackr’s analysis, the company is currently valued at around Rs 538 crore or $61 million post-money. Founded in 2022 by Naresh Rawal, Qucev is a next-generation electric commercial vehicle company in partnership with China-based EV manufacturer BYD, designs and manufactures electric tractors, trucks, buses, and three-wheelers, focusing on sustainable and cost-effective mobility. Beyond manufacturing and sales, Qucev also offers financing, charging infrastructure, and fleet solutions. According to startup data intelligence platform TheKredible, Qucev has previously raised around $4 million from Singularity AMC, Barclays and Maa Creations. For the fiscal year ended March 2025, the company did not report any product sales and generated Rs 2.08 crore from the sale of services. During the same period, it recorded a loss of Rs 9.35 crore. Qucev competes with players like Euler Motors, Altigreen, as well as established names such as Mahindra Electric, Piaggio, Kinetic Green, Tata, and others.

Exclusive: Swish raising $30 Mn at over 2.4X valuation premium

EntrackrEntrackr · 6d ago
Exclusive: Swish raising $30 Mn at over 2.4X valuation premium
Medial

Exclusive: Swish raising $30 Mn at over 2.4X valuation premium Ten-minute food delivery startup Swish is all set to raise Rs 282.5 crore or approximately $30 million in a Series B round led by existing investor Hara Global with participation from Accel India and Bain Capital Ventures. The new funding comes a year after the Bengaluru-based company’s last fundraise. Previously, the company raised $14 million from Hara Global Capital and Accel. The board at Swish has passed a special resolution to issue 5,843 Series B compulsory convertible preference shares at an issue price of Rs 4,83,419 each to raise the above-mentioned amount, its regulatory filing accessed from the Registrar of Companies shows. Hara Global Capital will lead the round with Rs 127.57 crore ($14 million) investment to increase its stake in the firm. Bain Capital Ventures and Accel India will join the round with Rs 91 crore (around $10 million) and Rs 63.76 crore ($7 million), respectively. According to Entrackr’s estimates, Swish’s valuation will jump over 2.4X to Rs 1,267 crore or around $140 million post-money, from Rs 522 crore ($60 million) in its previous $14 million Series A round. Following the allotment of the new round, Accel India will hold the largest stake at 26.2%, followed by Hara Global with 20.43%, while new investor Bain Capital Ventures will own a 7.19% stake. Its co-founders Aniket Shah, Sureshkumar Saran, and Ujjwal Sukheja will retain 12.72% each. Founded in 2024, Swish’s 10-minute delivery model operates within a 1.5–2 km radius using cloud kitchens called delight centers. Swish entered the ultra-fast food delivery segment alongside larger players like Zomato, Swiggy, and Zepto. Swiggy recently shut down Snacc, its standalone 10–15 minute food delivery app, within a year of launch. Zomato paused its 15-minute delivery service Quick just four months after its debut. Zepto Café closed nearly 200 of its 600 outlets as part of an internal restructuring. Ola also put its Ola Foods delivery service on hold following its relaunch. In contrast, Zomato-owned Blinkit continues to operate Bistro, its instant food delivery app. Swish, which started operations in FY25, reported revenue of Rs 4 crore and a loss of Rs 19 crore for the period from July 8, 2024, to March 31, 2025.

Exclusive: SriMandir’s parent AppsForBharat in talks to raise $15-20 Mn

EntrackrEntrackr · 1y ago
Exclusive: SriMandir’s parent AppsForBharat in talks to raise $15-20 Mn
Medial

AppsForBharat, the parent company of devotional app SriMandir, is in talks to raise a new round from new and existing investors, according to three people aware of the development. “AppsForBharat is in late-stage discussion with three new investors to raise $15-20 million,” said one of the sources requesting anonymity. “An Indian growth stage fund and a Singapore-based investor are in the race to lead the round.” Sources outline that the Bengaluru-based growth stage fund has backed companies including Spinny, Pharmeasy, FarEye and Probo. The Bengaluru-based startup had scooped up $10 million Series A in September 2021 and $4 million Seed round in August. As per sources, AppsForBharat is seeking a valuation of close to $100 million. “Existing investors including Peak XV and Elevation will also join the round on a pro-rata basis. The contours of the deal are being chalked out and the deal is likely to materialize later this month,” said another source who also wished not to be named as discussions are private. Queries sent to AppsForBharat didn’t elicit any response. AppsForBharat’s flagship product SriMandir allows users to create their personalized shrines, consume devotional content, connect with prayer groups, and access a large library of spiritual texts, scriptures and videos. Users can also consult with astrologers and priests. It claims to have over 10 million downloads since its inception in 2021. AppsForBharat’s long list of investors includes Peak XV, BEENEXT, Matrix Partners and angels such as Scott Schleifer, Ankush Sachdeva, Farid Ahsan and Bhanu Pratap Singh, Utsav Somani, Vidit Aatrey and Sanjeev Barnwal, Kunal Shah and Sai Srinivas. AppsForBharat registered Rs 3.53 crore in revenue with Rs 45 crore loss in FY23, according to startup data intelligence platform TheKredible. The firm is expected to post a better result in the last fiscal year (FY24). It competes with DevDham, Utsav App, Sutradhar, and 27 Mantra. As per data compiled by TheKredible, astro and spiritual tech startups have raised around $25 million in the past 12 months. Besides Ustav App and DevDham, InstaAstro, AstroTalk, Vama, and Melooha also raised decent funding during the period.

Exclusive: StockGro set to raise $15 Mn led by Tawuniya

EntrackrEntrackr · 1m ago
Exclusive: StockGro set to raise $15 Mn led by Tawuniya
Medial

Exclusive: StockGro set to raise $15 Mn led by Tawuniya Social investing and stock market advisory platform StockGro is in advanced discussions to raise up to $15 million in its pre-Series C round, two sources aware of the development told Entrackr. Tawuniya, Saudi Arabia’s largest insurance company, will lead the round in the Bengaluru-based firm, said one of the sources, requesting anonymity. The terms of the deal are almost final. The investment is expected to be in the range of $10–15 million, the source added. Founded in 2020 by Ajay Lakhotia, StockGro offers a platform for trading and investing with expert insights and AI-based research in a community-driven format. It recently launched Stoxo, a research platform that gives its 35 million-plus users ready-to-use investment analysis. This fresh investment comes shortly after the company closed its Series B1 round in January 2026, raising $13 million from Bitkraft Ventures. Before that, it had secured $17 million in a Series B round led by ace investor Mukul Agrawal’s Param Capital. StockGro did not respond to queries on the new fundraise. To date, StockGro has raised a total of $97 million through a mix of equity and debt from investors including General Catalyst, SBI Holdings, and a subsidiary of SoftBank. The company is yet to file its FY25 financial statements. In FY24, its revenue from operations declined 34% to Rs 86.5 crore from Rs 131 crore in FY23, while losses widened 84% to Rs 101 crore during FY24. StockGro operates in India’s retail investment market and competes with Groww, Zerodha, Upstox, INDmoney, and Angel One. These firms provide stockbroking, advisory, and investment products to retail users across equity and derivatives segments. It focuses on social investing and research-led tools as it looks to scale its presence in the segment.

Exclusive: Zetwerk raises $20 Mn from Wheelhouse Ventures

EntrackrEntrackr · 2y ago
Exclusive: Zetwerk raises $20 Mn from Wheelhouse Ventures
Medial

Business-to-business e-commerce unicorn Zetwerk has raised Rs 166 crore or $20 million from Wheelhouse Venture Capital in the ongoing Series F funding round. This is the maiden investment for Wheelhouse Venture in the Bengaluru-based firm. The board at Zetwerk has passed a special resolution to allot 40,81,593 Series F2 CPPS at an issue price of Rs 407.39 each to raise Rs 166.28 crore or $20 million, its regulatory filing sourced from the Registrar of Companies shows. As per startup data intelligence platform TheKredible, the firm has been valued at $2.8 billion in the new round, slightly higher than the $2.7 billion reported in its previous round of $120 million. Entrackr had exclusively reported the development in October 2023. Following the fresh proceeds, Wheelhouse got a little less than 1% stake in Zetwerk while Greenoaks remained the largest stakeholder with 21.63% followed by Peak XV partners and Lighspped. Its co-founders Srinath Ramakkrushnan and Amrit Acharya cumulatively command 15.56% of the company. Head to TheKredible for the complete cap table. Zetwerk partners with offline suppliers engaged in the fabrication, machining, casting, forging, and galvanizing of machine parts. Operational in over 15 countries, it claims to serve over 100 customers across more than 25 industries in India, North America, MEA, et al. Continuing its growth trajectory in the last fiscal year, Zetwerk’s GMV (gross revenue) surged 2.3X to Rs 11,448 crore while its losses grew 81% to Rs 109 crore in the same period (FY23).

Exclusive: Durlabh Darshan set to raise $2 Mn led by Prime VP

EntrackrEntrackr · 9m ago
Exclusive: Durlabh Darshan set to raise $2 Mn led by Prime VP
Medial

Exclusive: Durlabh Darshan set to raise $2 Mn led by Prime VP Spiritual startup Durlabh Darshan is set to raise $2 million in its first institutional funding round, according to sources familiar with the matter. The Bhopal-based company will join a growing list of startups in the spiritual tech space that have secured funding in recent years. “Prime Venture Partners is in late-stage talks to lead a new funding round in Durlabh Darshan,” said one of the sources, requesting anonymity. “The terms of the deal have been finalised.” Earlier in 2022, Durlabh Darshan had raised Rs 7.45 crore from individual investors, including Saurav Jindal, Deepak Garg, Gaurav Raizada, Jasvir Singh, and Nitesh Gupta, according to regulatory filings. Founded in 2024 by Prashan Kumar Mishra, Durlabh Darshan creates 3D 360° darshan journeys of major Hindu temples and rituals—such as Kashi Vishwanath in Varanasi, Mahakaleshwar in Ujjain, and Vaishno Devi in Katra. According to the company’s website, its journey began with a patent for a low-cost XR controller for smartphones. The company offers Durlabh Darshan Kendras—physical centers in temple towns—and online services that provide VR headset sessions and home-viewing kits, with bookings available for in-person VR shows like the Bhasma Aarti in Ujjain or home sessions starting at Rs 150–250. As per sources, Durlabh Darshan will be valued at under $10 million post money. Entrackr has reached out to Prime VP and Durlabh Darshan for comments. Its competitors include Temple 360, Who VR, and the Pilgrimage Tour app. Data from TheKredible reveals that startups in the astro and spiritual tech sector, including AstroTalk, Vama, Ustav App, DevDham, InstaAstro, and Melooha, have collectively raised more than $75 million over the past two and a half years. The sector also saw consolidation, as BrahmVeda acquired Vedvaani and Melooha took over Munitalks.

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