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Exly, three others raise early-stage funding

VCCircle

VCCircle · 1y ago

Exly, three others raise early-stage funding

Business tools provider Exly has raised $6.2 million in a funding round led by Chiratae Ventures. The startup, founded in 2018, offers an all-in-one business platform for knowledge businesses and intends to use the funding for product development and customer acquisition. Additionally, beverage brand Swizzle received an undisclosed seed funding round, community platform Hack2Skill secured $1 million, and Vijya Fintech raised $844,335 in an extended angel round. These startups will utilize the funds for various purposes including hiring talent, product expansion, marketing, and sales.

Related News

WorkIndia among three dozen startups make elevator pitch at VCCircle event in Delhi

VCCircle

VCCircle · 1y ago

WorkIndia among three dozen startups make elevator pitch at VCCircle event in Delhi

Over three dozen startups participated in The Pitch event organized by VCCircle in Delhi, where they made elevator pitches to potential investors. WorkIndia, a job portal for blue and grey-collar workers, pitched to raise its Series B round. Other startups seeking funding included IPSC Pain and Spine Hospitals, Proxgy, Elixia, and GamePoint, among others. The event aims to connect early-stage ventures with investors and will also be held in Mumbai before the grand finale in December.

Executive assistants, high salaries, and other ways early-stage founders will trigger a seed VC | TechCrunch

TechCrunch · 7m ago

Executive assistants, high salaries, and other ways early-stage founders will trigger a seed VC | TechCrunch

Jenny Fielding, co-founder of Everywhere Ventures and former Techstars managing director, sparked a conversation about the appropriateness of early-stage founders having executive assistants (EAs) to help them schedule. Some suggested using AI executive assistants, while others defended the need for human assistance. Fielding's point was that founders should focus on building a product rather than excessive spending. Seed investors, like Fielding, believe founders should spend their cash as they see fit, but early-stage VCs will still evaluate their cash management when it's time to raise the next round. Fielding also mentioned that certain titles and high salaries at early-stage startups can raise red flags for VCs.

Exly raises $6.2 million funding led by Chiratae Ventures

Thehindubusinessline

Thehindubusinessline · 1y ago

Exly raises $6.2 million funding led by Chiratae Ventures

Business tools provider Exly has secured $6.2m in a funding round led by Chiratae Ventures. The Indian start-up plans to use the investment to develop its suite of tools, acquire customers and help users boost their earning potential. Exly aims to simplify the management of knowledge-based businesses by providing a comprehensive platform, allowing entrepreneurs to focus on sharing knowledge rather than dealing with disparate tools and products. Since its founding in 2018, Exly, formerly called MyScoot, has raised $1.8m in seed funding and secured backing from start-up accelerator Y Combinator.

Early-stage venture funding bounces back but Series A cheques far below the peak

VCCircle

VCCircle · 3m ago

Early-stage venture funding bounces back but Series A cheques far below the peak

Early-stage venture capital funding for Indian startups has rebounded, reaching pre-pandemic levels with nearly one startup receiving funding every eight hours in the first three months of the year, according to VCCEdge data. However, Series A funding amounts remain significantly below their peak. Although funding activity surged during 2021-22, current Series A investments have yet to return to those highs, indicating some caution among investors despite the overall improvement in early-stage funding momentum.

Former LetsVenture general counsel joins early-stage incubator Turbostart

VCCircle

VCCircle · 1y ago

Former LetsVenture general counsel joins early-stage incubator Turbostart

Gandhimadhy Varadarajan, former general counsel of LetsVenture, has joined early-stage startup incubator Turbostart as the general counsel. Varadarajan brings over three decades of experience in corporate advisory, private equity, venture capital transactions, regulatory matters, and employment laws. Turbostart offers funding, mentorship, and access to excellence centers to startups. In recent years, Turbostart has led funding rounds for AI-based mixed reality platform Flam and seed funding for Tap Invest, among others. LetsVenture is a marketplace for angel startup investments and has received backing from several prominent investors.

Last call for pitch submissions at TechCrunch Early Stage 2024!

TechCrunch · 1y ago

Last call for pitch submissions at TechCrunch Early Stage 2024!

TechCrunch Early Stage 2024 is hosting "So You Think You Can Pitch," where three founders will present their pitch decks for 4 minutes each in front of expert judges. The event aims to provide valuable feedback to refine pitching skills and attract early customers and funding. The submission deadline is March 22, with selected finalists receiving complimentary event tickets. Applicants must have an MVP, and all submissions will be considered for TechCrunch Disrupt Startup Battlefield 200. TechCrunch Early Stage is a one-day event in Boston on April 25, designed to empower early-stage entrepreneurs and offer actionable insights.

Exly providing business tools provider for creators raises $6.2M led by Chiratae Ventures, existing investors

IndianStartupNews

IndianStartupNews · 1y ago

Exly providing business tools provider for creators raises $6.2M led by Chiratae Ventures, existing investors

Exly, a business tools platform for creators and solo entrepreneurs, has raised $6.2 million in a funding round led by Chiratae Ventures. The startup aims to streamline operations for knowledge-based businesses by offering a suite of tools including course builders, appointment schedulers, marketing, CRM, and lead conversion tools. With the funding, Exly plans to enhance its product offerings and expand its customer base. The company seeks to empower creators to increase their earnings with minimal effort, simplifying business management and allowing creators to focus on sharing knowledge and adding value to their customers.

Unicorn sightings become rare as VCs shun that leap of faith

Economic Times

Economic Times · 1y ago

Unicorn sightings become rare as VCs shun that leap of faith

Early-stage startups are struggling to attract "leap of faith capital" as investors focus on late-stage companies. While early-stage deals are happening, big investors like SoftBank and Tiger Global are more inclined towards established startups and potential IPOs. Only two startups have become unicorns this year, compared to the previous year's total of two. The investment process for new firms is still lengthy, and funding is primarily limited to fast-growing and profitable companies. However, there is optimism that ventures fixing their economics will be able to raise significant capital in the future.

Funding and acquisitions in Indian startups this week [30 Oct-04 Nov]

Entrackr

Entrackr · 1y ago

Funding and acquisitions in Indian startups this week [30 Oct-04 Nov]

In the past week, Indian startups raised a total of $229 million in funding, with a 32% decrease compared to the previous week. The funding included three growth-stage deals, led by Mamaearth with $91 million, followed by Aequs with $54 million, and Skyroot Aerospace with $27 million. There were also 16 early-stage deals, with Vridhi Home Finance, Sugar.fit, and Fibmold being the top recipients. Funding details for seven startups remained undisclosed. Delhi-NCR led the city-wise deals, while seed-stage startups dominated the funding rounds.

Wing Venture's Sara Choi will dig into pitching VCs at TechCrunch Early Stage 2024

TechCrunch · 1y ago

Wing Venture's Sara Choi will dig into pitching VCs at TechCrunch Early Stage 2024

Wing Venture Capital's Sara Choi, a former founder turned investor, will be sharing her expertise on how to pitch to venture capitalists at TechCrunch Early Stage 2024. As venture capital expectations and market dynamics continuously evolve, it's crucial for early-stage founders to effectively communicate their strengths and momentum. The session will provide valuable insights and advice for founders looking to raise capital in the current challenging funding landscape. The deadline to apply for the So You Think You Can Pitch? program at the event is tomorrow, March 22. Early Stage 2024 is just a few weeks away, so secure your pass soon and save $200.

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