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Exclusive: Wify bags $2 million in pre-Series A round

Entrackr

Entrackr · 1y ago

Exclusive: Wify bags $2 million in pre-Series A round

Construction and home improvement platform Wify has raised Rs 17.5 crore or $2.1 million in its pre-series A round led by Capria Ventures. This is the first round of investment for the Mumbai-based company this year. The board at Wify has passed a special resolution to issue 30,455 pre-series A CCPS at an issue price of Rs 5,747 each to raise Rs 17.5 crore, its regulatory filing accessed from RoC shows. Capria Ventures has poured Rs 8 crore while Duo Design and Optimistic Trading company pumped in Rs 3 crore and RS 1.5 crore, respectively. Existing investors Blume Ventures and Singularity Growth also participated with Rs 2 crore and Rs 3 crore each in the Pre Series A round.. Wify has secured $2 million in its last seed round in July 2022. According to the startup data intelligence platform TheKredible, the company has been valued at around Rs 128 crore (post-money) in its maiden financing round.. Founded in 2019 by Vikram Sharm and Deepanshu Goel, Wify is in the business of on-site installation and post-purchase services to businesses and brands. The four-year-old firm registered over two-fold year-on-year growth and posted Rs 24.47 crore revenue in FY23. Meanwhile, the losses for Wify stood at Rs 5.65 crore in the same period.

Related News

OmniCard Bags $3 Mn Funding

Inc42 · 1y ago

OmniCard Bags $3 Mn Funding

OmniCard, a spend management startup, has raised $3 million in a pre-Series A funding round led by Ankurit Capital and Taisys. The company plans to expand its customer base from 2 million users to 10,000 enterprises by FY 2027. This investment also represents Taisys' first investment in an Indian startup.

Cardiotrack Bags Pre-Series A Funding To Expand Offerings To Health, Life Insurance Providers

Inc42 · 1y ago

Cardiotrack Bags Pre-Series A Funding To Expand Offerings To Health, Life Insurance Providers

Indian AI-backed healthcare screening provider, Cardiotrack, has raised $2 million in a pre-Series A funding round. The investment was led by Girish Narasimhan, Managing Director of Corporate Finance Associates Worldwide and Principal of Dubai Holdings LLC. Cardiotrack offers healthcare screening technology and services to health and life insurance providers and plans to use the funding to expand its offerings to more providers. The company previously raised $1.6 million in angel investment.

Lobb Bags $2.9 Mn To Disrupt Digital Freight Brokerage Space

Inc42 · 1y ago

Lobb Bags $2.9 Mn To Disrupt Digital Freight Brokerage Space

Bengaluru-based digital freight broker Lobb has secured $2.9 million in an extended Pre-Series A funding round. The company, which boasts being one of the fastest-growing digital freight brokerage platforms in India, works with over 1,200 logistics firms and more than 5,000 fleet owners. This funding news comes shortly after another Indian supply chain startup, Wiz Freight, raised $15 million in a Series B funding round.

Exclusive: Networking Platform Medial In Talks To Raise $5 Mn From OG Capital, Others

Inc42 · 2m ago

Exclusive: Networking Platform Medial In Talks To Raise $5 Mn From OG Capital, Others

Bengaluru-based professional networking platform Medial is reportedly in discussions to raise $5 million in a new funding round, with OG Capital and other investors participating. This follows their earlier pre-Series A round in December 2024, where they secured $500,000 led by OG Capital, and a pre-seed round of $120,000 in January 2024 led by FirstCheque VC

Exclusive: Arya.ag To Raise $29 Mn Funding From Blue Earth Capital, Others

Inc42 · 1y ago

Exclusive: Arya.ag To Raise $29 Mn Funding From Blue Earth Capital, Others

Arya.ag, an agritech startup, is raising $21 million in a pre-Series D funding round. Existing investors Asia Impact SA and Quona Capital will also be participating. The company is considering additional funding, including a debt round and a larger Series D round later this year. In FY24, Arya.ag reported a profit of INR 17 crore on a revenue of INR 360 crore.

Exclusive: Zypp Electric Bags $14 Mn From Energy Giant ENEOS

Inc42 · 1y ago

Exclusive: Zypp Electric Bags $14 Mn From Energy Giant ENEOS

Zypp Electric, an Indian startup, has secured an investment from ENEOS, marking their first investment in an Indian company. The funding aligns with Zypp Electric's larger Series C funding round, with the startup aiming to raise funds at a valuation of approximately $280 million.

MeetRecord Bags $2.7 Mn To Enhance AI Sales Coaching Platform

Inc42 · 1y ago

MeetRecord Bags $2.7 Mn To Enhance AI Sales Coaching Platform

Bengaluru-based startup MeetRecord has raised $2.7 million in a Pre-Series A funding round led by SWC Global. The funds will be used to enhance its AI-powered revenue automation product. Earlier this year, MeetRecord had secured $310,000 in funding from All In Capital and Powerhouse Ventures.

Fresh Bus, Fashor, Kazam, MiClient, others raise early-stage funding

VCCircle

VCCircle · 11m ago

Fresh Bus, Fashor, Kazam, MiClient, others raise early-stage funding

Fresh Bus, Fashor, Kazam, MiClient, EyeROV, and Ziptrrip have all recently raised early-stage funding. Fresh Bus, an electric intercity bus startup, secured Rs 87.5 crore in its series A funding round. Kazam, an e-mobility enabler, raised $8 million in its series A3 funding round. Fashor, a contemporary ethnic wear brand, received $5 million in funding. EyeROV, a marine robotics deeptech startup, raised Rs 10 crore in a pre-series A round. MiClient, an AI-driven B2B sales enablement platform, secured Rs 3.9 crore in seed funding. Finally, Ziptrrip, an AI-powered corporate travel and expense management platform, closed its pre-seed funding round with Rs 2 crore.

Venture Catalysts partially exits Insurance Samadhan with returns up to 3.65x

IndianStartupNews

IndianStartupNews · 1y ago

Venture Catalysts partially exits Insurance Samadhan with returns up to 3.65x

Indian venture capital firm Venture Catalysts has announced a partial exit from Insurance Samadhan, yielding up to 3.65x returns on its initial investment. The tech-based platform specializes in resolving insurance complaints. Venture Catalysts had invested in Insurance Samadhan in a Seed and pre-Series A funding round. Insurance Samadhan has also raised $2 million in a Series A funding round, showcasing significant growth and becoming a trusted platform for resolving insurance grievances. Venture Catalysts typically invests $250,000 - $2 million in early-stage startups.

Exclusive: Brick&Bolt valuation soars 3X in new round

Entrackr

Entrackr · 4m ago

Exclusive: Brick&Bolt valuation soars 3X in new round

Tech-enabled construction company Brick&Bolt is raising Rs 16.6 crore (approximately $1.95 million) in its pre-Series B round from Foundamental. Foundamental is a US-based investment firm that has previously invested in Indian companies, including Infra.Market in its Series A round in 2020. The board at Brick&Bolt has passed a special resolution to issue 369 pre-Series B compulsory convertible preference shares at an issue price of Rs 4,50,087 to raise the aforementioned sum, its regulatory filing sourced from the Registrar of Companies (RoC) shows. As per filings, the proceeds will be utilized for immediate working capital and long-term funding requirements for the business. Brick&Bolt provides construction solutions such as complete construction, carpentry, woodwork, kitchen renovations for land and home owners. It operates in Bengaluru, Mysuru, Hyderabad, Chennai, Delhi-NCR and Pune. According to startup data intelligence platform TheKredible, the Bengaluru-based firm has raised approximately $16.5 million to date, led by Surge Ventures, Accel, and Celesta Capital. This includes a $10 million Series A round secured in January 2023 from Accel and Celesta Capital. According to Entrackr’s estimates, the firm will be valued at approximately Rs 891 crore ($105 million) post-allotment, marking a nearly 2.9X increase from around Rs 310 crore ($36.5 million) in its Series A round. Participating investor Foundamental will hold an 8.28% stake. It’s likely to raise additional funds in this round, which may further impact its valuation. The company reported an 81% surge in operating revenue, standing at Rs 42.25 crore for the fiscal year ending March 2024. Notably, it managed to curb losses, which declined by 10% to Rs 31 crore in the last fiscal year (FY24).

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