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Homversity raises $1 Mn from Shur-UP, IPV and others

EntrackrEntrackr ยท 7m ago
Homversity raises $1 Mn from Shur-UP, IPV and others
Medial

Student housing networks platform Homversity has raised $1 million in a pre-Series A round from Shuru-Up, IPV (Inflection Point Ventures), Value Angels, Vinners Group, TAS, Pro-Growth Ventures, Growth 91, and other investors. The Ahmedabad-based company had previously raised $378K from Shuru-Up and more. The proceeds will be deployed towards establishing a premium, scalable student housing operator model, supporting growth initiatives to enhance the platform's reach, and improving its offerings for students across India, Homversity said in a press release. Founded in 2019 by Saurav Kumar Sinha, Homversity is a student housing network organising several verticals of Indiaโ€™s student housing industry. The platform focuses on organising major verticals of the industry, such as quality of stay, good food, and a safe, secure ecosystem for students with hassle-free processes and support systems like a 100% refund on cancellations. Homversity eliminates the hassles of food and living costs by providing a high standard of living and healthy meals, whether students come from rural areas or urban centres. By doing so, it ensures students can focus on education, networking, and personal growth without worrying about these basic necessities. According to market research, the student housing industry in India presents a Rs 58,000 crore opportunity, driven by over 35 million annual student enrollments across 51,000 universities, colleges, and institutes. Homversity states that its strengths lie in its extensive, in-depth database and deep insights into the challenges tenants and landlords face. This understanding allows the platform to address key pain points in the student housing market, offering tailored solutions that enhance the experience for all users.

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Homversity raises $1 Mn from Shuru-UP, IPV and others

EntrackrEntrackr ยท 7m ago
Homversity raises $1 Mn from Shuru-UP, IPV and others
Medial

Student housing networks platform Homversity has raised $1 million in a pre-Series A round from Shuru-Up, IPV (Inflection Point Ventures), Value Angels, Vinners Group, TAS, Pro-Growth Ventures, Growth 91, and other investors. The Ahmedabad-based company had previously raised $378K from Shuru-Up and more. The proceeds will be deployed towards establishing a premium, scalable student housing operator model, supporting growth initiatives to enhance the platform's reach, and improving its offerings for students across India, Homversity said in a press release. Founded in 2019 by Saurav Kumar Sinha, Homversity is a student housing network organising several verticals of Indiaโ€™s student housing industry. The platform focuses on organising major verticals of the industry, such as quality of stay, good food, and a safe, secure ecosystem for students with hassle-free processes and support systems like a 100% refund on cancellations. Homversity eliminates the hassles of food and living costs by providing a high standard of living and healthy meals, whether students come from rural areas or urban centres. By doing so, it ensures students can focus on education, networking, and personal growth without worrying about these basic necessities. According to market research, the student housing industry in India presents a Rs 58,000 crore opportunity, driven by over 35 million annual student enrollments across 51,000 universities, colleges, and institutes. Homversity states that its strengths lie in its extensive, in-depth database and deep insights into the challenges tenants and landlords face. This understanding allows the platform to address key pain points in the student housing market, offering tailored solutions that enhance the experience for all users.

Navanc raises $1 Mn in seed round

EntrackrEntrackr ยท 6m ago
Navanc raises $1 Mn in seed round
Medial

Fintech startup Navanc has raised $1 million in its seed round led by Prarambh Ventures, with participation from Inflection Point Ventures (IPV), Brigade REAP FirstPort Capital, and marquee angel investors. The proceeds will be directed toward expanding operations across India, with a focus on strengthening Navanc's presence in urban and semi-urban areas. Additionally, the startup will ramp up its AI FinTech capabilities by incorporating Generative AI and Computer Vision models. Founded by Nagachethan S M and Byomkesh Jha, Navanc introduced an AI-powered property score and stack, specifically designed for secured lending and insurance practices. By integrating advanced technologies like AI, IoT, and Blockchain, the firm ensures secure, transparent, and reliable transactions in the proptech sector. Its collateral reporting, powered by its AI and ML models, enhances credit decision-making and portfolio management for the BFSI industry. Currently operating across tiers of cities in about 6 states, Navanc is focused on expanding its reach to all states under its Bharat Vision.

Mobility startup Pumpumpum raises Rs 2 Cr led by IPV

EntrackrEntrackr ยท 1y ago
Mobility startup Pumpumpum raises Rs 2 Cr led by IPV
Medial

Fintech mobility startup Pumpumpum has raised Rs 2 crore in a new round led by Inflection Point Ventures (IPV). Previously, the startup had raised $2 million in equity from LC Nueva Investment Partners, Founders Room Capital, LetsVenture and others in June 2022. The proceeds will be used for growth in operations, geographical reach, technological advancements, marketing endeavors and overall organizational development. Founded in 2018 by Tarun lawadia and Sameer Kalra, PumPumPum works in B2B2C & B2C pre-owned car leasing model. It offers a subscription-based platform that prioritizes consumer convenience, flexibility, and affordability. Through the integration of technology and data analytics, the firm delivers an easy and personalized experience for accessibility and convenience. Earlier this month, IPV invested in edtech startup MyCaptain in its Rs 14 crore (approximately $1.7 million) new round. Its recent investments include BonV Aero, AllTrak, Onedioss, among others.

Ice cream brand Go Zero raises $1.5 Mn

EntrackrEntrackr ยท 1y ago
Ice cream brand Go Zero raises $1.5 Mn
Medial

Ice cream brand Go Zero has raised $1.5 million in its follow-on pre-Series A funding round from DSG Consumer Partners, Saama, and V3 Ventures, among others. The round also saw participation from notable angel investors such as Arjun Purkayastha. Earlier in August last year, the startup had raised $1 million in its pre-Series A funding round led by DSG Consumer Partners, Saama, and V3 Ventures. Founded by Kiran Shah, Go Zero has a diversified product portfolio featuring low-calorie, high-protein, and vegan ice creams. The startup claims that all its products are sweetened with plant-based sweeteners, which are low in calories. Currently present in 16 cities and over 125 dark stores, Go Zero ice cream brand is available on both quick commerce and e-commerce platforms in less than two years of launch. In FY24, Go Zero claims to have grown 4X compared to FY23 and while it saw 7X growth on quick commerce in just 5 months this summer. Go Zero competes with Hocco and NIC. Last year, NIC had raised $11 million in a growth funding round led by Jungle Ventures whereas Hocco recently raised $12 million from Chona family and others.

Meme-based dating app Schmooze raises $4 Mn led by Elevation

EntrackrEntrackr ยท 9m ago
Meme-based dating app Schmooze raises $4 Mn led by Elevation
Medial

Meme-based dating platform Schmooze has raised $4 million in a Series A funding round led by Elevation Capital. The round also saw participation from angel investors, including the founders of Ultrahuman, The Souled Store, Mosaic Wellness, and Paytm. Schmooze had previously secured $3.47 million from Inventus Capital Partners and others. The new proceeds will be used to scale user acquisition efforts, Schmooze said in a press release. Co-founded in 2021 by Vidya Madhavan and Abhinav Anurag, Schmooze combines the cultural relevance of memes with advanced AI technology, enabling users to connect based on shared humor, personality traits, and interests. The platform eliminates the hassle of superficial swipes and delves deeper into usersโ€™ personalities by analyzing their meme interactions, helping them find matches that resonate with their unique sense of humor. According to Schmooze, it features Genie, an AI dating coach, which enhances the entire dating experience, making it more engaging, authentic, and fun. It aims to counteract the loneliness and social disconnection that Gen Z faces, with features like Roast AI, which simulates conversations with a stand-up comedian, and Rant AI, a digital diary that responds to user inputs, ensuring users have companionship even when theyโ€™re not interacting with others. Schmooze claims to have attracted over 1 million users in India and witnessed 900 million meme swipes. The app also reports a 3x better ratio of female to male users compared to other mainstream dating sites.

LogicLadder raises $2.5 Mn in Series A round

EntrackrEntrackr ยท 1y ago
LogicLadder raises $2.5 Mn in Series A round
Medial

Climate-tech SaaS startup LogicLadder has raised $2.5 million in its Series A round led by Singapore and Vietnam-based BIG Capital and Zerodhaโ€™s Rainmatter. The firm is backed by investors including ONGC, Shell and IIM Lucknow EIC. The proceeds will be used to expand its global footprint in South Asia and North America. Founded in 2011, LogicLadderโ€™s premium platform โ€˜The Sustainability Cloudโ€™ is used by enterprises to manage ESG, account for Scope 1, 2 and 3 carbon emissions, meet environment compliance and generate sustainability reporting. According to LogicLadder, the software follows global standards like GHG protocol, SBTi, GRI, CDP, CSRD, SASB, BRSR, CBAM and GRESB, among others. Additionally, its products โ€“ TSC Water, TSC Energy, and TSC Enviro, allow organisations to achieve efficiency-led decarbonisation and sustainability in water and generated waste. The firm claims to be working with over 1,000 customers such as NTPC, BHEL, PVR-INOX, Mother Dairy and others, along with 40 channel partners.

SustVest raises $1.7 Mn in pre-Series A

EntrackrEntrackr ยท 6m ago
SustVest raises $1.7 Mn in pre-Series A
Medial

Sustainable investment platform SustVest has raised $1.7 million in its pre-Series A round in mix of equity and debt led by Inflection Point Ventures and Antler along with participation from WEH ventures, Venture Catalysts, Soonicorn Ventures, FAAD Network, and others. The proceeds will be used for key business growth initiatives, including acquiring solar projects, scaling marketing with the regulated platform launch, strengthening operations, and covering legal expenses. Founded by Hardik Bhatia and Devansh Shah, SustVest specializes in sustainable investments in renewable energy. The platform claims to have achieved over Rs 43 crore in Assets Under Management (AUM) with 9.3 MW of solar installations, distributed over Rs 5.7 crore in energy income and saved over 94 lakh kg of carbon emissions. The startup claims to offer investors fixed-income opportunities with environmental impact while enabling C&I consumers to access zero-cost solar projects at up to 50% lower tariffs. Its portfolio includes renowned clients such as Lodha Group, Hitachi, Mahle Group, Subros Ltd, CISF, NSG, CRPF, and others.

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