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HRtech startup Upraised raises Rs 25 lakh by UK-based Pontaq VC

IndianStartupNewsIndianStartupNews · 2y ago
HRtech startup Upraised raises Rs 25 lakh by UK-based Pontaq VC
Medial

Upraised, an HRtech startup based in Kolkata, has secured a funding round of Rs 25 lakh, led by UK-based Pontaq VC and facilitated through the Next Generation Incubation Scheme by Software Technology Park of India (NGIS-STPI). The funding will enable Upraised to enter the US and UK markets, enhance its technology infrastructure, hire new talent, and bolster its marketing efforts. Established in 2021 by Debarya Dutta, Upraised utilizes artificial intelligence (AI) to provide cognitive and aptitude assessments, aligning candidates with suitable job roles. Their machine learning algorithm matches candidates' strengths to relevant projects. Before this, the startup received funding from Pilani Innovation and Entrepreneurship Development Society (PIEDS) and the Nidhi entrepreneurship-in-residence (EIR) grant from the Department of Science and Technology (DST), Government of India, through IIM-Udaipur Incubation Centre.

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UK-India cross-border VC firm Pontaq secures Rs 10 Cr from Navyug Global

EntrackrEntrackr · 2m ago
UK-India cross-border VC firm Pontaq secures Rs 10 Cr from Navyug Global
Medial

UK-India cross-border VC firm Pontaq has secured a Rs 10 crore investment from Navyug Global for its India-focused fund. The proceeds will be used to fund over 10 deep-tech startups in the cleantech and fintech sectors, Pontaq said in a press release. Navyug Global’s commitment as a Limited Partner (LP) reinforces confidence in Pontaq’s investment strategy and track record, supporting the firm’s ongoing fund expansion to back innovative startups in deeptech, sustainability, and frontier technologies across India and the UK. Pontaq’s India Fund focuses on early-stage investments across deeptech, AI, climate tech, and enterprise solutions, helping startups scale across geographies. Pontaq is a cross-border venture capital firm operating across the UK–India corridor, with investments spanning the US and Canada. The fund backs high-impact technology ventures in sectors such as cleantech, healthtech, fintech, and deeptech, with a strong focus on scalable innovations that create economic, social, and environmental impact. Beyond capital, Pontaq provides hands-on mentorship, strategic guidance, and global market access, enabling startups to scale rapidly and deliver transformative solutions across geographies.

Supply6 raises $1.1 Mn in seed round led by Zeropearl VC

EntrackrEntrackr · 2m ago
Supply6 raises $1.1 Mn in seed round led by Zeropearl VC
Medial

Supply6 raises $1.1 Mn in seed round led by Zeropearl VC Supply6, a direct-to-consumer nutrition brand focused on filling daily nutrient gaps, has raised $1.1 million (Rs 9.1 crore) in a seed round led by Zeropearl VC, with participation from entrepreneurs including Kunal Shah, Ashutosh Valani, Priyank Shah (Co-founders, Renee Cosmetics), and Yogesh Kabra (Founder, XYXX). The fresh funds will be used to expand the product pipeline, conduct clinical studies, launch new formats, and scale selectively in GCC and English-speaking markets. Supply6 also plans to strengthen leadership roles across growth, strategy, and product. Founded in 2020 by Vaibhav Bhandari and Rahul Jacob, Supply6 develops science-backed products built on the six fundamentals of balanced nutrition—protein, carbs, fats, fibre, vitamins, and minerals. Its flagship Supply6 360 sachet combines over 63 nutrients, probiotics, and plant-based superfoods to address hidden deficiencies common in Indian diets. The company recently launched Supply6 Salts, a zero-sugar hydration mix. Supply6 sells its nutrition solutions directly to consumers through its website, leading marketplaces like Amazon and Flipkart, and quick-commerce platforms such as Blinkit, Zepto, and Instamart. With over 2 lakh customers and ex-cricketer AB de Villiers as brand ambassador, the firm is building a strong repeat-purchase base (45%) while expanding reach into preventive health markets abroad. The startup has previously raised Rs 10 crore in funding and received a Rs 25 lakh grant from the Karnataka government.

Pontaq invests Rs 5.5 Cr in Dweepi and Edgehax

EntrackrEntrackr · 14d ago
Pontaq invests Rs 5.5 Cr in Dweepi and Edgehax
Medial

Pontaq Ventures has invested Rs 5.5 crore (around $660K) in two Indian deeptech startups, Dweepi and Edgehax. The capital will support product development, tech expansion, and enterprise deployment as both companies scale in India and global markets. This marks Pontaq’s second round of investment in both startups. Headquartered in Chennai, Pontaq has backed more than 190 startups, including over 140 DeepTech ventures across India and the UK. The firm invests in AI, IoT, edge computing, robotics, enterprise automation, and other frontier technologies while offering portfolio companies market access and strategic support across cross-border corridors. Dweepi builds robotic track-inspection systems for railways. Its platform uses automation and AI to scan tracks and support predictive maintenance workflows for safety-critical infrastructure operators. Edgehax develops Edge AI computing platforms that integrate compute, connectivity, and storage into modular systems. The company works with enterprises to power real-time automation, AI workloads, and distributed intelligence at the edge. The investment will be used by Dweepi and Edgehax to strengthen engineering teams, expand deployments, and enhance technology stacks to target broader enterprise adoption. Pontaq operates across the UK–India corridor with additional exposure to the US and Canada. The fund backs companies across clean tech, health tech, fintech, and deep tech, and provides access to global markets along with hands-on operational guidance.

CargoFL raises seed funding round

EntrackrEntrackr · 11m ago
CargoFL raises seed funding round
Medial

CargoFL, a B2B technology ecosystem for logistics, has raised Rs 6.75 crore in its seed round, led by YourNest Venture Capital. The round includes Rs 4.7 crore from YourNest, Rs 50 lakh each from Real Time Angel Fund (RTAF) and Peaceful Progress Angel Fund, Rs 25 lakh from Sanchi Connect Accelerator, and Rs 80 lakh from angel investors, including Dinesh Chandra Agarwal, Dinesh Gulati, Murugavel Janakiraman, and Rajesh Sawhney. The Pune-based company had previously raised $135K from HPCL and others. The proceeds will be utilized to build a sales engine for growth in India, Southeast Asia (SEA), Middle East and North Africa (MENA) and North America, enhance product capabilities, including logistics & supply chain automation, and client onboarding & implementation across geographies. Co-founded in 2017 by Deepesh Kuruppath and Wasim Khan, CargoFL is an AI decision intelligence platform for logistics and supply chain. The company serves as an AI operating system specifically designed for the supply chain and logistics industry with focus on large enterprise customers. It helps companies enhance their logistics operations by leveraging AI to address critical tasks such as transport management, route optimisation, demand forecasting, and real-time tracking. CargoFL focuses on transforming the logistics landscape and aims to empower enterprises with advanced Vertical AI solutions for logistics & supply chain. The company offers a comprehensive operating system for logistics, which fosters seamless collaboration among stakeholders like carriers, distributors, and suppliers. CargoFL provides AI-driven platform tailored for enterprises in retail, pharma and manufacturing sectors. Its current client roster includes over 25 large enterprises, such as Puma, Godrej, Schaeffler, Metro Brands and Decathlon. It aims to achieve an ARR of $3 million over the next 18-24 months by onboarding more than 25 customers in India and several in international markets.

EV motor & controller startup Attron Automotive raises Rs 4.75Cr led by Venture Catalysts and Anicut Capital

IndianStartupNewsIndianStartupNews · 1y ago
EV motor & controller startup Attron Automotive raises Rs 4.75Cr led by Venture Catalysts and Anicut Capital
Medial

EV motor and controller startup Attron Automotive has secured Rs 4.75 crore in a seed funding round led by Anicut Capital and co-led by Venture Catalysts. Attron aims to revolutionize electric mobility with its precision-engineered motor and controller solutions, promoting sustainability and enhancing vehicle performance. The funding round also saw participation from other investors, including Pontaq VC and angel investor Yashovardhan Shah. Attron plans to use the investment to expand its operations, including setting up a new production facility capable of producing 8,000 units per month, in response to the increasing demand in the electric vehicle market.

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