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GenAI startup Highperformr, two others raise early-stage funding

VCCircle

VCCircle · 1y ago

GenAI startup Highperformr, two others raise early-stage funding

Generative AI startup Highperformr has raised $3.5 million in seed funding round led by Venture Highway. The funding will be used for research and development (R&D) to further develop Highperformr's native AI capabilities and build a distribution network. Fintech startup BimaPay secured $4 million in a pre-Series A funding round led by LC Nueva Investment Partners. The funding will be used to improve technology infrastructure and expand its reach. Waste management startup Duro Green has received an undisclosed investment from BizDateUp Technologies. Duro Green offers advanced waste handling and reuse solutions.

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Chiratae-backed BeepKart hits the road to raise Series B capital

VCCircle

VCCircle · 8m ago

Chiratae-backed BeepKart hits the road to raise Series B capital

Chiratae-backed BeepKart hits the road to raise Series B capital Premium BeepKart founders Hemir Doshi (left) and Abhishek Saraf BeepKart, an online platform to buy and sell used scooters and bikes, is planning to raise its Series B round of funding and is in early-stage talks with institutional investors, two people aware of the development told VCCircle. The startup, operated by Beep Innovations Pvt. Ltd, is looking to secure as ......

Highperformr.AI Bags $3.5 Mn To Give An AI Boost To B2B Marketing

Inc42 · 1y ago

Highperformr.AI Bags $3.5 Mn To Give An AI Boost To B2B Marketing

Chennai-based marketing software startup Highperformr.AI has raised $3.5m in a seed funding round led by Venture Highway. The firm was founded by former Freshworks executives Ramesh Ravishankar and Srivatsan Venkatesan and uses AI to help B2B companies maximise their ROI from social media campaigns. The funding will be used to further research and development, build native AI capabilities, and expand the distribution network. The company has also launched its first product, Highperformr for Teams, which aims to streamline social media workflows for B2B companies. The GenAI space in India is projected to grow to $17bn by 2030, up from $1.1bn in 2023.

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.

Rebecca Whiting will break down SAFEs, notes, and series seed financing at TechCrunch Early Stage 2024

TechCrunch · 1y ago

Rebecca Whiting will break down SAFEs, notes, and series seed financing at TechCrunch Early Stage 2024

Rebecca Lee Whiting, an expert in early-stage fundraising and startup legal matters, will be speaking at TechCrunch's Early Stage event on April 25. Whiting, who works with early-stage companies as they raise capital, will provide insights on the complexities and different methods of fundraising, such as priced rounds, convertible notes, and SAFE agreements. The event also features other speakers from the venture capital and startup community.

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.

India tech startups see lowest funding in five years, just two unicorns in 2023

Economic Times

Economic Times · 1y ago

India tech startups see lowest funding in five years, just two unicorns in 2023

According to a report by market intelligence platform Tracxn, India's tech startup ecosystem experienced the lowest funding in the last five years, dropping India's global ranking from 4th to 5th place. The total funding received in 2023 was $7 billion, a decline of 72% compared to the previous year. Only two unicorns were created in 2023, as opposed to 23 the year before. Late-stage funding saw the biggest drop of over 73%, followed by early-stage funding (70%) and seed-stage funding (60%). Despite the slowdown, investors remain optimistic about India's future success in the tech startup space.

ellementry, two others secure early-stage funding

VCCircle

VCCircle · 1y ago

ellementry, two others secure early-stage funding

Homeware brand ellementry, deeptech startup Perceptyne, and healthtech startup neuro42 have recently secured early-stage funding. Ellementry received funding from venture capital firm She Capital and plans to use the funds to expand its product offerings and market presence. Perceptyne raised funds from investors including Venture Catalysts, T-Hub, and others for developing industrial humanoid robots. Neuro42 secured funding from angel investor Karna D Shinde to continue developing their intraoperative MRI and AI platform for neurological diseases.

Funding in Indian startups sinks to $7 billion, lowest since 2017

Economic Times

Economic Times · 1y ago

Funding in Indian startups sinks to $7 billion, lowest since 2017

Indian startup funding experienced a significant decline in 2023, totaling $7 billion, less than one-third of the $25 billion received in the previous year, marking a seven-year low. The fourth quarter of 2023 saw the lowest equity investment for new-age ventures since Q3 2016. Only two new unicorns were created, a 91% drop from 2022. Late-stage startups faced challenges, with some resorting to debt instruments. Funding plummeted in late-stage companies by over 73%, while early-stage and seed-stage funding dropped by 70% and 60%, respectively. The downturn reflects a cautious approach by investors amid global uncertainties.

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.

Pakistan's i2i Ventures taps offshore LP for maiden fund

VCCircle

VCCircle · 1y ago

Pakistan's i2i Ventures taps offshore LP for maiden fund

Pakistan's early-stage venture capital firm, i2i Ventures, is planning to raise capital from an overseas limited partner for its first fund. The i2i Venture Capital Fund I LP is aiming to raise up to $15 million to invest in pre-seed and seed-stage technology startups in Pakistan. The move reflects increasing interest and investment potential in Pakistan's tech startup ecosystem.

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