🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

GenAI SaaS SiftHub Bags $5.5 Mn From Matrix Partners, Others

Inc42 · 1y ago

GenAI SaaS SiftHub Bags $5.5 Mn From Matrix Partners, Others

SaaS startup SiftHub, founded by LogiNext's Manisha Raisinghani, has raised $5.5 million in a seed funding round led by Matrix Partners India and Blume Ventures. The enterprise tech platform leverages large language models to help companies generate personalized responses to queries received by sales and pre-sales teams. The funding will support the development and growth of SiftHub's AI platform. The enterprise tech sector continues to attract significant funding, with $305 million secured across 28 deals in Q1 2024.

1

Related News

Neysa Bags $30 Mn To Fuel Its GenAI Adoption

Inc42 · 11m ago

Neysa Bags $30 Mn To Fuel Its GenAI Adoption

Neysa, a startup, is set to utilize its recent funding to bolster its AI infrastructure, research and development efforts, and prepare for the launch of its GenAI acceleration cloud service. The company is focused on collaborating with various partners in the global system integration, cloud services, and AI software sectors. Notably, Neysa raised $20 million in seed funding around six months ago, with contributions from investors such as Matrix Partners India, Nexus Venture Partners, and NTTVC.

LogiNext cofounder Manisha Raisinghani's startup SiftHub raises $5.5 million from Matrix, Blume Ventures, others

Economic Times

Economic Times · 1y ago

LogiNext cofounder Manisha Raisinghani's startup SiftHub raises $5.5 million from Matrix, Blume Ventures, others

AI platform SiftHub has raised $5.5 million in a seed funding round led by Matrix Partners India and Blume Ventures. The platform, founded by Manisha Raisinghani, helps enterprise sales teams collate and sift through scattered content to close deals faster. SiftHub integrates with various workplace apps and uses retrieval augmented generation (RAG) technology to boost productivity by 80%. The funding will be used for product development and building early go-to-market strategies in sectors such as B2B technology, healthcare, and insurance. SiftHub currently operates in San Francisco, Mumbai, and Chennai with a team of 18.

FarMart bags $10 Mn through equity and debt funding

Entrackr

Entrackr · 4m ago

FarMart bags $10 Mn through equity and debt funding

FarMart allotted 977 Series C CCPS at Rs 4,52,182 per share, with GC India Investment Holdings leading the round with Rs 43 crore, followed by Matrix Partners India (Z47) contributing Rs 1 crore. SaaS-based food supply platform FarMart has raised Rs 84 crore (approx $10 million) through a mix of equity and debt funding. FarMart allotted 977 Series C CCPS at Rs 4,52,182 per share, with GC India Investment Holdings leading the round with Rs 43 crore, followed by Matrix Partners India (Z47) contributing Rs 1 crore, its regulatory filing sourced from the Registrar of Companies (RoC) shows. Besides equity funding, FarMart has issued non-convertible debentures to Stride and Trifecta Venture, totaling Rs 40 crore, the filing shows. The company will use the funds for growth, expansion, and general corporate purposes, as per filings. Entrackr estimates that FarMart has been valued at around Rs 1,800 crore (around $210 million) post-allotment in the latest funding round. FarMart’s B2B platform digitizes the supply chain for agricultural inputs and produce, connecting nearby buyers and sellers to reduce logistics costs associated with long-distance transportation. The company has a strong retailer network across central and northern India, though its presence remains limited in southern states and Jammu & Kashmir. The company has raised over $60 million to date, including its $32 million Series B round led by General Catalyst, with participation from existing investors, Z47, and Omidyar Network India. According to TheKredible, FarMart’s operating revenue grew 30% year-on-year to Rs 1,341 crore in FY24, while it reported a net loss of Rs 68 crore for the same period. GC India Investment Holdings Group, Z47, and ON Mauritius are among the company’s lead investors. Farmart directly competes with Info Edge-backed Gramophone, Kalaari-backed Agrim, Krishify, and others.

TPG, Matrix Partners, Peak XV strike $200-mn India exit

VCCircle

VCCircle · 1y ago

TPG, Matrix Partners, Peak XV strike $200-mn India exit

TPG, along with Matrix Partners and Peak XV, has completed a $200 million exit from their investments in India. The private equity group TPG has been active in the Indian market, making multiple investments and now finalizing its fourth exit. This latest exit is in collaboration with alternative investment firms Matrix Partners and Peak XV.

Matrix Partners India elevates Pranay Desai as Managing Director

Money Control

Money Control · 1y ago

Matrix Partners India elevates Pranay Desai as Managing Director

Matrix Partners India has promoted Pranay Desai to the position of Managing Director. Desai, who joined the firm in 2021, has been instrumental in expanding the company's presence in the Software-as-a-Service (SaaS) sector. Matrix Partners India recently increased the size of its fourth India-focused fund to $525 million and has backed notable unicorns such as Ola and Razorpay. This move reflects the growing focus on SaaS and AI investments by venture capital firms in India.

SaaS startup Scalekit raises $5.5 Mn in seed round led by Together Fund and Z47

Entrackr

Entrackr · 1d ago

SaaS startup Scalekit raises $5.5 Mn in seed round led by Together Fund and Z47

SaaS startup Scalekit has raised $5.5 million in a seed round led by Together Fund and Z47, with participation from angel investors including Adam Frankl, Oliver Jay, and Jagadeesh Kunda. Founded by Satya Devarakonda and a team of ex-Freshworks engineers, Scalekit offers modular, drop-in infrastructure for SaaS and AI-first teams. Products include MCP Auth for agentic servers, Agent Actions for secure API calls with consent and revocation, and modern human authentication with enterprise features like SSO and SCIM. Unlike monolithic solutions like Auth0, Scalekit’s à-la-carte approach lets developers adopt only what they need. The founding team previously developed Freshworks’ in-house auth platform, now used by over 50,000 businesses and 2 million users, and saw firsthand how painful it was for SaaS teams to deliver secure, enterprise-ready authentication. The firm is building the authentication and actions layer for AI-native applications. With protocols like the Model Context Protocol (MCP), applications are exposing functionality directly to agents, breaking traditional identity systems designed for humans. Scalekit is now building the authentication foundation for the agentic era. Already used by startups such as Hubbl, Sifthub, Fello, Unstract, Tiphaus, and Aerchain, Scalekit helps teams move agentic workflows from prototypes to production.

Neysa Bags $20 Mn To Accelerate GenAI Adoption For Enterprises

Inc42 · 1y ago

Neysa Bags $20 Mn To Accelerate GenAI Adoption For Enterprises

Mumbai-based AI cloud and platform-as-a-service startup Neysa has raised $20 million in seed funding. The funding round was led by Matrix Partners India, Nexus Venture Partners, and NTTVC. Neysa plans to use the funds to expand its Gen AI-cloud platform-as-a-service offerings and enhance observability tools for both Indian and global markets. The company was founded in 2023 and provides generative AI platforms and services to assist clients in managing their AI projects. Neysa also aims to release its services in Q3 2024. The demand for AI-native cloud platforms is expected to grow, and Neysa is well-positioned to capitalize on this trend.

SaaS entrepreneur Raisinghani's new AI venture nabs $5.5M to boost sales efficiency

TechCrunch · 1y ago

SaaS entrepreneur Raisinghani's new AI venture nabs $5.5M to boost sales efficiency

AI startup SiftHub has raised $5.5m in seed funding for its AI assistant which aims to reduce non-sales activities for sales teams. The assistant, which integrates with platforms such as Google Drive, HubSpot and Salesforce, allows salespeople to complete tasks like data entry and research using voice commands. The company plans to use the funds to hire more product research and development specialists and expand into the market. The seed round was co-led by Blume Ventures and Matrix Partners India, with participation from investors including Cloudflare and RazorPay.

SaaS startup Wootz.work raised $3.5 million in seed led by Matrix Partners India and Nexus Venture Partners

Startup News FYI

Startup News FYI · 2y ago

SaaS startup Wootz.work raised $3.5 million in seed led by Matrix Partners India and Nexus Venture Partners

Wootz.work, a SaaS startup, secured $3.5 million in seed funding led by Matrix Partners India and Nexus Venture Partners, with participation from AdvantEdge, Mars Shot Ventures, and 30 angel investors, including Livspace co-founder Ramakant Sharma and Zetwerk founders. The funds will facilitate team building, technology advancement, and global expansion into the US and UK markets.

Dezerv Raises $32 Mn From Premji Invest, Others At A Valuation Of Over $200 Mn

Inc42 · 1y ago

Dezerv Raises $32 Mn From Premji Invest, Others At A Valuation Of Over $200 Mn

Dezerv, a wealthtech startup, has received a $20 million investment from Premji Invest in its Series B funding round. Existing investors, including Elevation Capital, Matrix Partners, and Accel Partners, also participated in the funding. Established in 2021, Dezerv claims to have managed assets worth over INR 6,000 crore since its inception.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

Aug 2025

Build. Comply. Fund. Fly.

Crypto to INR payments app for Indians

Your CV, Done Right.

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

GST 'fraud': MNCs gained from fak ...

Exclusive: Lighthouse-backed Duro ...

US tariffs to shear 5-10% off hom ...

Download the medial app to read full posts, comements and news.