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Exclusive: B2B robotics startup Haber raises $38 Mn in Series C

EntrackrEntrackr · 1y ago
Exclusive: B2B robotics startup Haber raises $38 Mn in Series C
Medial

Industrial robotics maker Haber has raised Rs 317.2 crore (approximately $38 million) in its Series C round, led by Creaegis with participation from Accel India and BEENEXT Capital. This new round materialized for the Pune-based company after a three-year gap. The board at Haber has passed a special resolution to issue 100 equity shares and 457,572 Series C preference shares to raise the above sum, according to regulatory filings accessed by Entrackr. Creaegis led the round with Rs 200.35 crore, while Beenext and Accel participated with Rs 83.5 crore and Rs 33.4 crore, respectively. The investment will support the company’s expansion, growth, and other capital requirements. According to TheKredible, Haber’s post-allotment valuation is approximately Rs 1,242 crore ($148 million). Haber develops AI-powered industrial robots that automate labor-intensive tasks like sample collection, measurement, analysis, and intervention in factories. According to its website, Haber helps industries reduce chemical consumption as well as energy and water usage across sectors such as food and beverages, agriculture, and oil and gas. The company has raised over $65 million to date, including a $20 million Series B round led by Ascent Capital with participation from Accel, Elevation, and Beenext in November 2021. Accel is the largest external stakeholder with an 18.1% stake, followed by Creaegis and Elevation. Head to TheKredible for the complete shareholding breakup. While FY24 numbers are yet to be disclosed, Haber reported a total revenue of Rs 82 crore and a loss of Rs 36.7 crore in FY23. It directly competes with Prosus-backed Detect Technologies, Altizon, and Fero Labs, among others.

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.

SaaS startup Simplismart raises $7 Mn in Series A funding

EntrackrEntrackr · 1y ago
SaaS startup Simplismart raises $7 Mn in Series A funding
Medial

Bengaluru-based SaaS startup Simplismart has secured $7 million in a Series A funding round led by Accel, with participation from Shastra VC, Titan Capital, and others. Entrackr exclusively reported about the funding in July this year. As per sources, the company will be valued at around $35 million. The proceeds will be used to expand research and development (R&D) initiatives and accelerate growth, Simplismart said in a press release. Co-founded in 2022 by Amritanshu Jain and Devansh Ghatak, Simplismart offers an AI-based no-code machine learning platform that allows users to train custom machine learning models using their data, powering applications and decisions without writing code. Simplismart aims to simplify AI adoption for enterprises by providing a high-performance, cost-effective platform that addresses common challenges in enterprise AI deployment, such as performance trade-offs and the complexities of standardized workflows. The startup seeks to eliminate issues related to high costs, poor ROI, data privacy, and the need for customization to avoid downtime. 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.

Exclusive: Doceree raises $13.6 Mn from Creaegis

EntrackrEntrackr · 1y ago
Exclusive: Doceree raises $13.6 Mn from Creaegis
Medial

Healthcare startup Doceree has raised Rs 113.5 crore (approximately $13.6 million) from Indian private equity firm Creaegis. The board at Doceree has passed a special resolution to issue 10 equity and 2,4300 CCPS at an issue price of Rs 4,672 per share to raise Rs 113.5 crore, its regulatory filing accessed from the Registrar of Companies shows. Importantly, Doceree has received its investments in its local India entity for the first time. Prior to this round, the company had used its holding entity in the US to receive all fundings. Doceree has raised over $50 million to date including $35 million in its Series B round led by Creaegis. Previously, it raised $11 million in a Series A round led by Eight Road Ventures in 2022. Four-year-old Doceree aims to empower pharmaceutical and life-sciences companies and healthcare media agencies with solutions that reach HCPs (healthcare professionals) on their networks to achieve better patient health outcomes. In May last year, Doceree collaborated with Hello Health Group to foray into eight Southeast Asian countries including Vietnam, Indonesia, Malaysia, Cambodia, Myanmar, Singapore, Philippines and Taiwan. As per startup data intelligence platform TheKredible, Doceree registered 60% surge in its operating revenue to Rs 26.6 crore in FY23 from Rs 16.6 crore in FY22. During the period, its losses increase to only Rs 1.53 crore from Rs 38 lakh. Creaegis closed its maiden fund at about $426 million (Rs 3,500 crore) last year. Its portfolio includes Medikabazaar, Zopper, and Kale Logistics among others. Creaegis also has made its major investments in Third Wave Coffee and Zopper.

Auxano Capital exits Wiom with 7x return via secondary sale

EntrackrEntrackr · 3m ago
Auxano Capital exits Wiom with 7x return via secondary sale
Medial

Auxano Capital exits Wiom with 7x return via secondary sale Auxano Capital has exited its investment in Wiom, a public internet infrastructure startup, delivering a 7x return through a secondary transaction. The exit was made via Auxano’s pre-fund Special Purpose Vehicle (SPV), marking its second full exit. Last month, the Delhi-based internet services company raised $40 million in a new funding round led by Bertelsmann India Investments and Accel. Previously, it had raised $17 million in a Series A round led by RTP Global in July 2023. Wiom, originally founded in 2015 as i2e1 and rebranded in 2021, has grown into India’s largest licensed Public Data Office Aggregator (PDOA) under the Government’s PM-WANI framework. It operates an asset-light model by aggregating surplus bandwidth from local cable operators and reselling it through its proprietary router software and centralized backend. This allows the company to offer affordable internet access in areas where traditional broadband rollout is cost-prohibitive. Auxano had first backed Wiom in 2017 and followed up with another round in 2021. It actively supported the company through strategic and operational pivots. The firm focuses on investing in early-stage disruptive ventures across fintech, healthtech, sustainability, and Industry 4.0.

Exclusive: Stanza Living to raise $32 Mn from Accel, Motilal Oswal in down round

EntrackrEntrackr · 15d ago
Exclusive: Stanza Living to raise $32 Mn from Accel, Motilal Oswal in down round
Medial

Exclusive: Stanza Living to raise $32 Mn from Accel, Motilal Oswal in down round Managed accommodation provider Stanza Living is all set to raise Rs 282.76 crore (approximately $32 million) in its Series B round led by existing investor Accel with the participation of Motilal Oswal. Earlier in August 2025, Stanza Living raised Rs 60 crore in debt funding from Alteria Capital and Innoven Capital. The debt infusion was exclusively reported by Entrackr. The board at Stanza Living passed a resolution to approve the issue of 5,313 Series E CCPS at an issue price of Rs 5,32,205.8 each to raise the aforementioned amount, its regulatory filing accessed from the Registrar of Companies (RoC) shows. Accel led the round with an investment of Rs 222.78 crore ($25.3 million), while Motilal Oswal is set to join the company’s cap table with Rs 60 crore ($6.8 million). The company has already received funds from Accel, while Motilal Oswal’s investment is expected shortly. According to Entrackr’s estimates, Stanza Living’s valuation has dropped by about 28% to around Rs 2,812 crore ($320 million), compared to its previous valuation of Rs 3,900 crore when it raised $13 million in May last year. Founded in 2017, Stanza Living is a managed accommodation platform that provides hassle-free housing solutions for students and young professionals relocating to new cities. The Delhi-based startup claims to manage over 75,000 beds across 24 cities in India. Prior to this round, Stanza Living has raised more than $240 million through multiple debt and equity rounds from investors including Alpha Wave, Peak XV Partners, Accel, and Z47, according to data from startup intelligence platform TheKredible. The Accel-backed company is yet to file its FY25 financials. In FY24, it reported operating revenue of Rs 584 crore and reduced its losses by 45% to Rs 273 crore during the year.

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