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Metadome.ai raises $6.5 Mn led by Siana Capital and Chiratae

EntrackrEntrackr · 11m ago
Metadome.ai raises $6.5 Mn led by Siana Capital and Chiratae
Medial

Extended reality (XR) startup Metadome.ai (formerly Adloid) has raised $6.5 million in Series A funding in an equity and debt round led by Siana Capita and existing investor Chiratae Ventures. New investors Alteria Capital, 3to-1 Capital, and Manish Choksi’s family office also joined the new round. The company plans to use the investment to expand its business to new regions and develop capabilities to provide advanced XR technologies merged with advancements in AI, Metadome.ai said in a press release. With this backing, Metadome.ai aims to strengthen its presence in the US, SE Asia, and the Middle East regions. In December 2021, the Gurugram-based startup raised $4 million in its pre-Series A round led by Chiratae. Founded in 2016 by Kanav Singla and Shorya Mahajan, Metadome specializes in sales enablement using virtual reality (VR) and augmented reality (AR) solutions in home decor, e-commerce, and mobility. It works with Hewlett Packard (HP), Tata Motors, Hero MotoCorp, Asian Paints, and others. Since its inception in 2018, Metadome.ai has been growing organically and its customer base has more than doubled since last year, said the firm in the release. Recently, Metadome partnered with Hippo Homes to introduce a virtual reality experience at its new store in Greater Noida where customers can explore home improvement solutions. According to Statista, the XR industry has been managing significant interest from investors globally. As per the report, the space attracted an investment of $1.9 billion, outlining the importance of 3D, AR, and VR in improving the customer buying and post-sales cycle. The company is also part of NVIDIA’s Inception and Google Startup programs. SmartVizX, Liminal, Embright Infotech, Scapic, and GMetri are some of the emerging companies from the extended reality space in India.

Shark Tank India-backed Koparo raises $1.7 Mn

EntrackrEntrackr · 3m ago
Shark Tank India-backed Koparo raises $1.7 Mn
Medial

D2C home cleaning brand Koparo is raising Rs 14.5 crore (approximately $1.7 million) in an extended pre-Series A round led by existing investor Saama Capital with the participation of Vikramaditya Mohan Thapar Family Trust, DSG Consumer Partners, M Venture Partners, and others. Previously in February 2024, Koparo raised Rs 6 crore from 4P Capital Partners and Shark Tank India. The board at Koparo passed a special resolution to issue 2,314 pre-Series A2 compulsory convertible preference shares at an issue price of Rs 62,666 each to raise Rs 14.5 crore ($1.7 million), its regulatory filing accessed from the Registrar of Companies (RoC) shows. The proceeds will be used to meet the working capital requirements, general corporate purposes, or funding current/future expansion plans of the company, according to filings. According to Entrackr’s estimates, the company's valuation surged by nearly 90%, reaching Rs 124 crore (approximately $14.6 million) compared to its previous funding round. Founded by Simran Khara, Koparo offers natural alternatives to regular cleaning products. With a portfolio of more than 15 products and over 30 SKUs across core and specialty cleaning, its range includes floor cleaners, laundry detergent, fabric conditioners, dishwash liquid, handwash, accessories, and fresheners. According to startup data intelligence platform TheKredible, the Delhi-based company has raised nearly $3 million prior to this round from investors including Saama Capital, M Venture Partners, 4P Capital Partners, and others. Post-allotment, Saama Capital will be the largest external shareholder with a 15.36% stake in the company. In the fiscal year ending March 2024, Koparo’s operating revenue surged 2.3X to Rs 10.22 crore, up from Rs 4.37 crore in FY23. The company reported losses of Rs 5.86 crore in FY24.

Atlan raises $6.5 million from WaterBridge Ventures

EntrackrEntrackr · 1y ago
Atlan raises $6.5 million from WaterBridge Ventures
Medial

Data collaboration software provider Atlan has raised $6.5 million from WaterBridge Ventures. The fundraise is part of the extended Series B round, during which it raised $50 million, led by Salesforce Ventures in March 2022. The board at Atlan has passed a special resolution to issue 24,092 Series B preference shares to raise $6.5 million, its regulatory filing filed with the group company in Singapore shows. As per TheKredible estimates, the latest capital injection has been done at a flat valuation, which is $450 million. Atlan allows large enterprise teams to collaborate smoothly on data projects, and create a single source for all their data assets with deep integrations with tools like Slack, and data warehouses like Snowflake, Redshift, and others. The company recently launched tag management to solve the challenges faced by the data teams. With this, Atlan becomes one of the first Snowflake data governance partners to enable bi-directional tag movement. Atlan has a team of over 300 employees spread across 12 countries, including the United States, India, UK, Canada, Nigeria, Singapore, and the Philippines. Atlan was part of the third cohort of Sequoia Capital India’s accelerator program Surge. It raised around $50 million Series B round in March 2023 and $16 million worth Series A round led by Insight Partners in May 2021. After its Series B round, Prrukalpa Sankar and Varun Banka retained 23.63% stake each in the company. Insight Partners, which had led the Series A round, was the largest holding in the company among investors with a 15.4% stake. Head to TheKredible for Atlan’s complete captable. The Series B round helped Atlan to grow at a rapid clip in the fiscal year ending March 2023. Its Indian entity reported a 3X jump in operating scale which stood at Rs 94 crore in FY23. The company also showed Rs 7.7 crore profit during the last fiscal year.

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