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Fraud prevention platform Bureau raises $30 Mn in Series B round

EntrackrEntrackr · 1y ago
Fraud prevention platform Bureau raises $30 Mn in Series B round
Medial

Risk intelligence platform Bureau has raised $30 million in Series B funding, led by Sorenson Capital. The round also witnessed participation from PayPal Ventures, along with existing investors including Commerce Ventures, GMO Venture Partners, Village Global, Quona Capital, and XYZ Ventures. The company had previously raised $20.7 million from its existing investors. The proceeds will be utilized to enhance its product portfolio, bolster talent acquisition, scale its go-to-market team, and expand its geographical reach to empower global financial ecosystems, Bureau said in a press release. Founded in 2020 by Ranjan R Reddy, Bureau is an AI-powered platform that delivers real-time, contextual fraud prevention across the entire customer lifecycle, going far beyond traditional rule-based systems. Its proprietary identity knowledge graph, with over half a billion identities and behavioral data, provides actionable risk intelligence and insights, serving global enterprises across banking, fintech, gaming, e-commerce, and consumer internet platforms. According to the Bengaluru-based company, its comprehensive solution suite includes advanced capabilities in money mule detection, account takeover, fraud ring detection, onboarding compliance, and decisioning workflows. Market research indicates that global fraud losses have surged past $5 trillion annually, a 56% increase in the past decade. The fraud prevention industry is projected to grow from $44 billion to $255 billion by 2032. Bureau enables organizations to navigate complex compliance requirements while providing a seamless experience for legitimate customers. It prevents fraud while safeguarding customer retention, revenue, and growth. It competes with IDfy, SpringVerify, AuthBridge, Digio and Perfios-owned Karza.

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Healthtech startup TruDoc raises $15 Mn in pre-Series B round

EntrackrEntrackr · 14d ago
Healthtech startup TruDoc raises $15 Mn in pre-Series B round
Medial

Snippets Healthtech startup TruDoc raises $15 Mn in pre-Series B round Healthtech startup TruDoc Healthcare has raised $15 million in a pre-Series B funding round with participation from the Al Nahyan family. Healthtech startup TruDoc Healthcare has raised $15 million in a pre-Series B funding round with participation from the Al Nahyan family and the Al-Ketbi family, along with existing investor Pulsar Capital. The proceeds will be used to expand its virtual-first healthcare model and scale its at-home critical care services across the GCC region. The firm operates a virtual-first healthcare platform across the Gulf Cooperation Council (GCC), combining telemedicine, chronic disease management, pharmacy delivery, diagnostics and in-home healthcare services. The platform also runs a hospital-at-home program designed to provide critical care outside traditional hospital facilities. The company works with insurers, employers and government entities in markets such as the UAE and Saudi Arabia. The brand integrates multiple healthcare services including virtual primary care, diagnostics, pharmacy delivery and in-home nursing into a single care delivery system designed to manage patient journeys continuously rather than through episodic hospital visits.

FinBox raises $40 Mn in Series B round led by WestBridge

EntrackrEntrackr · 6m ago
FinBox raises $40 Mn in Series B round led by WestBridge
Medial

FinBox, a credit infrastructure fintech, has raised $40 million in a Series B round led by WestBridge Capital, with participation from existing investors A91 Partners and Aditya Birla Ventures. The funding round also included $5 million in secondary to provide partial exits to early investors. Earlier in June 2022, it had raised $15 million in a Series A round led by A91 Partners. The company also counts Flipkart among its early backers. The Bengaluru-based company will use the funds to accelerate product innovation, fuel international expansion, and deepen its AI-driven credit intelligence stack. Founded in 2017 by Rajat Deshpande, Anant Deshpande, Nikhil Bhawsinka, and Srijan Nagar, FinBox builds B2B credit infrastructure for banks, NBFCs, and fintechs. Its modular platform powers digital loan origination, underwriting, fraud detection, and embedded lending. FinBox is betting big on Sentinel BRE (its AI-native digital lending platform), Partnership Lending Stack (Prism), and fraud intelligence products, while strengthening its BankConnect, DeviceConnect, and KYC API suite. Currently, more than 130 large clients use its solutions, including HDFC Bank, Kotak Mahindra Bank, Aditya Birla Capital, Tata Capital, and Poonawalla Fincorp. As per TheKredible, FinBox grew its revenue by 47% in FY24 to Rs 53 crore, but its losses also rose to about Rs 34 crore. The firm has yet to file FY25 results. Since inception, it has processed more than $9 billion in loan applications. The company claims to be growing 100% year-on-year across product lines. It competes with players like Perfios, Signzy, and Fibe.

Pronto raises $25 Mn in Series B led by Epiq Capital

EntrackrEntrackr · 16d ago
Pronto raises $25 Mn in Series B led by Epiq Capital
Medial

Pronto raises $25 Mn in Series B led by Epiq Capital Home services startup Pronto has raised $25 million (around Rs 228.9 crore) in its Series B round led by Epiq Capital. Existing investors Glade Brook Capital, General Catalyst, and Bain Capital Ventures also participated in the round. The round comes six months after Pronto raised an $11 million Series A round. The proceeds will be used to hire and train more professionals and strengthen operations across existing markets and service categories over the next 12 to 18 months. Founded in 2025 by Anjali Sardana, Pronto offers 10-minute on-demand home services, connecting urban households with trained and background-verified domestic workers. The platform provides services such as sweeping, mopping, utensil washing, kitchen and bathroom cleaning, laundry assistance, and other routine chores through instant, scheduled, or recurring bookings. The startup operates in Delhi NCR, Bengaluru, and Mumbai, among other cities. It claims its daily bookings have increased from around 1,000 to over 18,000 in the past seven months and says it is growing at more than 20% week-on-week. Pronto currently works with nearly 3,000 professionals and has a core team of about 60 employees. The brand recently shifted its headquarters to Bengaluru while retaining customer support operations in Gurugram. In the instant home services segment, it faces competition from Snabbit and Urban Company’s Insta Help. Snabbit secured $30 million in a Series C round in October last year. Urban Company recently claimed that Insta Help surpassed 50,000 daily bookings within a year of its launch, while Snabbit recorded over 8 lakh bookings in February alone.

Fraud prevention software platform RaptorX raises pre-seed round

EntrackrEntrackr · 1y ago
Fraud prevention software platform RaptorX raises pre-seed round
Medial

Fraud prevention software platform RaptorX has raised Rs 4 crore in a pre-seed funding round co-led by PeakXV Spark, EagleWings Ventures, and Point One Capital, along with participation from Peyush Bansal, Boat Co-founder & CMO Aman Gupta, and key angels (SVPs) from Google. The company had previously raised $120K in the same round. The fresh funds will be utilized to build and enhance its AI and machine learning capabilities for applications in both banking and e-commerce, expand the team, improve integrations with payment gateways, e-commerce platforms, and banking systems. Launched in 2023 by Pratyusha Vemuri, RaptorX operates at the intersection of fintech, regtech, e-commerce, and artificial intelligence, focusing on fraud prevention, anti-money laundering (AML), and customer risk intelligence. The platform aims to address challenges by providing predictive and real-time fraud detection, revealing hidden relationships, and enabling businesses to act proactively while ensuring compliance and operational efficiency. The Mumbai-based company aspires to develop scalable infrastructure for real-time transaction monitoring and e-commerce fraud prevention. It also intends to launch dedicated Anti-Money Laundering (AML) modules for payment screening and mule detection. According to market research, the global fraud detection and AML market is expected to surpass $129 billion by 2030. RaptorX claims that it has already put in place strategic levers to help scale to more than Rs 200 crore in annual revenue, with a focus on ARR growth over the next few years. It plans to expand to over 50 enterprise customers, handling over 1 billion monthly transactions. It may compete directly or indirectly with other companies in this space, such as Clarify, Karza Technologies, Unit21.ai, amongst others.

AquaExchange raises $8 Mn in Series B round at $41 Mn valuation

EntrackrEntrackr · 9d ago
AquaExchange raises $8 Mn in Series B round at $41 Mn valuation
Medial

AquaExchange raises $8 Mn in Series B round at $41 Mn valuation Aquaculture technology startup AquaExchange has raised $8 million (around Rs 72 crore) in its Series B funding round, co-led by Endiya Partners and Factor Analytics, with participation from Accion Ventures and support from Ocean 14 Capital. According to filings, the round was co-led by Endiya Partners and Factor Analytics, with investments of Rs 30 crore each, followed by Accion Ventures, which invested Rs 12 crore. AquaExchange's valuation has surged around 74% to Rs 372 crore (approximately $41 million) in the latest round, compared to Rs 214 crore during its Series A funding in January 2024. The fresh capital will be used to expand its international technology business, grow domestic market share, and strengthen its presence across the aquaculture value chain. Endiya Partners holds a 16.2% stake, followed by Accion Venture with 9.68% and Factor Analytics with 8.06%. Founded by Pavan Kosaraju, Hemasundar Dhavili, Kareem Mohammod, and Kiran Bandi, AquaExchange helps aquaculture farmers leverage technology to improve crop yields, reduce crop risks, and manage rising input costs. Its product portfolio includes PowerMon, a power management device, and AquaBot, an automated feed management system. The company claims to be the first aquaculture technology firm in India to automate more than 25% of the country’s shrimp farming acreage. Its platform currently monitors over 80,000 acres of aquaculture farms globally and operates across five Indian states, along with international markets such as Ecuador, Saudi Arabia, and Madagascar. The company’s operating revenue rose 2.3X to Rs 240.51 crore in FY25 from Rs 104.88 crore in FY24, while its losses increased to Rs 12.71 crore from Rs 9.35 crore during the same period. The company also claims to achieve EBITDA profitability within the current financial year.

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