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

News on Medial

Hyperbots raises $2 Mn in seed round from Kalaari, others

EntrackrEntrackr · 1y ago
Hyperbots raises $2 Mn in seed round from Kalaari, others
Medial

Hyperbots, an AI startup for finance and accounting, has raised $2 million in its seed round led by Kalaari Capital with participation from Sunicon Ventures, and Athera Venture Partners. The proceeds will be used in expansion of Hyperbots’ go-to-market strategy and product development including the development of proprietary generative AI models for finance and accounting. Founded in 2023 by Rajeev Pathak, Niyati Chhaya, and Ram Jayaraman, Hyperbots offers end-to-end AI-powered tools for various functions, including accounts payable (AP), accounts receivable (AR), and expense processing. Hyperbots claims to have developed proprietary AI Assistants, with human-like intelligence to automate manual, analytical, and strategic tasks in finance and accounting. The firm is focused on US mid-markets and is gaining traction in the US, targeting firms with revenues between $50 million and $1 billion. Hyperbots’ platform embeds AI in all tasks for processes such as procure-to-pay, order-to-cash, and expense management, minimizing human involvement by 80%.

1

Related News

Admission startup Ambitio raises $2 Mn in seed round

EntrackrEntrackr · 9m ago
Admission startup Ambitio raises $2 Mn in seed round
Medial

Admission startup Ambitio raises $2 Mn in seed round Admissions startup Ambitio has secured $2 million in a seed funding round led by BLinC Invest along with participation from Ritu Bapna and other investors. Prior to this, the startup raised $187K in the same round from First Cheque and others. The fresh funds will be used to invest in technology and scale distribution channels, Ambitio stated. Co-founded in 2022 by Dirghayu Kaushik and Vikrant Shivalik, Ambitio is an AI-driven admissions platform leveraging over 10 million data points to provide a personalized admissions experience. It aims to match students to best-fit universities using real admission data. Ambitio claims successful admissions in top colleges like Harvard, Stanford, Columbia, and Oxford. It plans to help over 500,000 students access global education in the next two years and competes with startups such as Yocket, Gradvine, and MiMEssay.

FINQY raises $2 Mn in fresh round

EntrackrEntrackr · 1y ago
FINQY raises $2 Mn in fresh round
Medial

Fintech startup FINQY has raised $2 million in a new round from Angel Bay India Accelerator, Family Offices and private investors. Earlier in March 2022, the firm had raised $839K in its seed round from Anvita Varshney, AngelBay and others. The proceeds will be used to advance financial services distribution in India through its technology and strategic growth initiatives. Founded in 2019 by Manish Aggarwal, FINQY enables its partners to offer their customers a wide range of financial products. These include credit cards, insurance, investments and loans, as well as easy upsell and X-sell opportunities among these products. The startup helps streamline complex financial decisions across credit cards, insurance, and loans but also significantly enhance customer engagement and facilitate informed decision-making FINQY operates out of 30 offices across 24 cities and 2 countries with the support of over 100 financial and banking partners. It claims to have achieved a revenue milestone of $9.8 million in FY24.

ShopClues co-founder Radhika Ghai’s startup kindlife.in raises $8 Mn in Series A

EntrackrEntrackr · 1y ago
ShopClues co-founder Radhika Ghai’s startup kindlife.in raises $8 Mn in Series A
Medial

Kindlife.in, a platform for beauty, wellness and health, has raised $8 million in its Series A round led by JB-Dooeun TK Fund and MIXI Global Investments, with participation from Kalaari Capital and some angel investors. Previously, Kindlife had raised $2.5 million in seed funding from Kalaari Capital, Titan Capital, Java Capital, and others in November 2021. This capital will enable Kindlife to build a strong connection between Korea, Japan, and India, the company said in a press release. Its community includes thousands of beauty creators who share recommendations and take a content-first approach, educating consumers on the latest K-beauty trends. Entrackr had exclusively reported about Kindlife’s launch back in September 2021. Founded by ShopClues co-founder Radhika Ghai, Vidit Jain, and Manasa Garemella, kindlife uses proprietary AI technology to help Gen Z consumers discover personalised skincare and wellness routines and products. The platform also provides exclusive and priority access to popular and trending global beauty brands, including Korean and Japanese brands. Capitalising on the surging popularity of K-beauty, fueled by the Hallyu wave, Kindlife aims to cater to India’s rapidly growing K-beauty market. In the ongoing calendar year, the firm plans to launch over 20 Korean and Japanese beauty brands on its platform.

Plutos ONE raises $2 Mn in seed round led by StartupXseed

EntrackrEntrackr · 1y ago
Plutos ONE raises $2 Mn in seed round led by StartupXseed
Medial

Plutos ONE, a technical service provider (TSP) for the Bharat Bill Payments System (BBPS), has secured $2 million in a seed round led by StartupXseed. The round also witnessed participation from Genesia Ventures, Auxano Capital, Raghuvanshi Investments and other investors. The Delhi-based platform had previously raised an angel round from its existing investors and others like Aakash Chaudhry, Prabhjeet Singh, Neeraj Mohan, Gautam Kamath, Ravi Gosain, Harish Chandra, Chanakya VC, Sarcha Advisors and others. The fresh funds will be used for onboarding banks as biller operating units as well as agent institutions on the BBPS network, Plutos ONE said in a press release. Co-founded in 2021 by Rohit Mahajan and Rajjat Gulati, Plutos ONE is licensed and empaneled by NPCI Bharat BillPay Limited (NBBL). It owns and operates a merchant- funded aggregation platform on which it runs card activation solutions for various credit and debit card issuers. Its clients include NPCI, Visa, Punjab National Bank, Kotak Mahindra Bank, IDFC First Bank, Yes Bank, BHIM UPI, BobCards, UCO Bank, Bank of Maharashtra, IDBI Bank and Loylty Rewardz.

Burma Burma raises another $2 Mn

EntrackrEntrackr · 1y ago
Burma Burma raises another $2 Mn
Medial

Burmese vegan restaurant chain Burma Burma has raised another round of $2 million in equity investment from several family offices including Negen Capital. Earlier in November 2022, the startup had raised $2 million in its seed round led by Negen Capital and others. Founded by Ankit Gupta and Chirag Chhajer, Burma Burma Restaurant and Tea Room makes Burmese cuisine accessible to all and the brand is now fulfilling its vision of going beyond just a restaurant and providing its patrons with a new, wholesome and dining experience that interacts on various levels. The Mumbai-based company claims to spread quickly to the other five metros, Delhi, Noida, Gurugram, Bengaluru and Kolkata and is looking at expanding its presence in the country. Burma Burma operates 13 restaurants and delivery kitchens across India, including key locations in Delhi, Gurugram, Noida, Mumbai, Bengaluru, Hyderabad, Kolkata and Ahmedabad. Over the past year, the firm claims to have experienced significant growth, doubling its footprint and annual recurring revenue (ARR) from Rs 46 crores in FY23 to over Rs 100 crores in FY24. As per the company, it has clocked an EBITDA of over 13% in July and aims to hit a monthly EBITDA of over 15% for FY25.

Pype AI raises $1.2 Mn in pre-seed round led by Kalaari Capital

EntrackrEntrackr · 18d ago
Pype AI raises $1.2 Mn in pre-seed round led by Kalaari Capital
Medial

Pype AI raises $1.2 Mn in pre-seed round led by Kalaari Capital The funds will be used to enhance its healthcare communication platform and support expansion into the United States market. Pype AI, an AI front desk platform for hospitals and clinics, has raised $1.2 million in a pre-seed round led by Kalaari Capital with participation from Wyser Capital and Tenity. The funds will be used to enhance its healthcare communication platform and support expansion into the United States market. Founded in 2024 by Dhruv Mehra and Ashish Tripathy, Pype AI builds voice-based AI agents that automate tasks such as appointment scheduling, follow-ups, treatment preparation, and round-the-clock support. Trained on medical conversational datasets, the agents aim to deliver accurate and empathetic patient interactions. The company has also built Whispey, an open-source observability platform with more than 40 evaluations to ensure compliance and performance. Through integrations with hospital electronic medical records, Pype AI reduces missed appointments, lowers operational costs, and improves patient retention. Pype AI is live in several Indian healthcare facilities and claims to automate more than 85 percent of patient queries. It is integrating with Zocdoc, Epic, and Cerner while onboarding United States-based clinic networks. The startup plans to reach more than 50 hospitals and clinic chains by mid-2026 and is working with medical experts to publish research on AI-driven improvements in patient adherence.

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