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Metis raises Rs 1.3 Cr led by Inflection Point Ventures

EntrackrEntrackr · 1y ago
Metis raises Rs 1.3 Cr led by Inflection Point Ventures
Medial

Metis Intellisystems, an artificial intelligence and machine learning platform for BFSI, has raised 1.3 crore in a round led by Inflection Point Ventures. The funds will be used to build pioneering solutions, optimize strategic use cases, and explore local and global outreach avenues., Metis said in a press release. Metis uses Artificial Intelligence and Machine Learning to create solutions by capitalising on, triangulating, and collating Multiple sources of information. As per the company, it creates a comprehensive and unified understanding of the customer, enhancing the precision and effectiveness of financial technology solutions. The company’s advanced decision-making platform QANAT accurately analyses bank statements and GST data. Within two months of Metis’ product launch, the company has secured partnerships with financial institutions, both domestic and international. The digital lending sector, in which Metis operates, is projected to grow significantly, from its current valuation of $270 billion to $1.3 trillion by 2030. So far, Inflection Point Ventures has invested over Rs 700 crore across more than 200 startups. In 2023, the angel investment platform announced 14 exits giving an initial rate of return (IRR) of 61% to its investors.

Hudle raises Rs 7 Cr in pre-Series A round

EntrackrEntrackr · 1y ago
Hudle raises Rs 7 Cr in pre-Series A round
Medial

Sportstech platform Hudle has raised Rs 7 crore in its pre-Series A round led by Inflection Point Ventures and Sky Impact Capital. The round also saw participation from Survam Partners and Anay Ventures. The proceeds will be used for footprint expansion, product enhancements and marketing efforts, the company said in a press release. Founded by Suhail Narain, Arjun Singh Verma and Sonam Taneja, Hudle is a sports tech platform catering to the preventive healthcare market. It helps sports and fitness enthusiasts to discover venues in their hyper local markets, book sports activities and connect with like-minded individuals to form communities. Backed by brand ambassadors like Ajinkya Rahane, Hudle claims to have facilitated over one lakh games per month across 1,300 venues in 60 cities. It has an engaged community of over five Lakh players. Last month, IPV invested in edtech startup MyCaptain in its Rs 14 crore (approximately $1.7 million) new round and fintech mobility startup Pumpumpum. Its recent investments include BonV Aero, AllTrak, and Onedioss, among others. According to data intelligence platform TheKredible, Inflection Point Ventures emerged as the most active investors in Q1 2024 with 11 investments. Blume Ventures, Venture Catalysts and Fireside Ventures were next on the list.

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