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Infurnia Technologies raises $1.2M led from a clutch of angel investors
IndianStartupNews
·
1y ago
Medial
Infurnia Technologies has secured $1.2 million in funding from a group of angel investors led by Yogesh Choudary. The startup's cloud-native design software is aimed at modernizing the architecture and interior design industry, competing against traditional desktop solutions. With a monthly growth rate of 15% and serving over 300 active clients, Infurnia plans to expand into the North American market in 2024. The raised funds will be used for market outreach and product refinement.
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SaaS startup Infurnia raises $1.2 Mn in angel round
Entrackr
·
1y ago
Medial
Infurnia, cloud-native architecture design software startup, has raised $1.2 million in an angel round led by Yogesh Chaudhary, existing investor and owner of Jaipur Rugs. This brings Infurnia’s total angel fundraising to $4.9 million across multiple rounds since its inception. Back in September 2020, the Bengaluru-based startup had raised $240K funding from angel investors including Pallav Nadhani, founder of FusionCharts in. Founded in 2014 by Nikhil Kumar and Lovepreet Mann, Infurnia offers a cloud-based platform for professionals to design buildings, interiors, and modular kitchens. The startup claims to have significantly expanded its client base, adding over 600 clients and reaching $1 million in annual recurring revenue (ARR). Infurnia’s clients base includes LivSpace, Hometown, Purvankara, and Urban Ladder.
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Droom raises ₹24.75 cr to boost tech in India
Inshorts
·
4m ago
Medial
Automobile ecommerce platform Droom has raised around ₹24.75 crore in an undisclosed funding round co-led by India Accelerator and Finvolve. The round saw participation from a clutch of angel investors, including Rayzon Solar founder Hardik Kothiya. With the raised capital, the company seeks to bolster its tech infrastructure, accelerate customer acquisition and expand its footprint in India.
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Exclusive: Wealthtech startup Stable Money raises $15 Mn in new round
Entrackr
·
1y ago
Medial
Wealthtech startup Stable Money has raised over Rs 123 crore nearly $15 million in a new round from RTP Capital, Lightspeed India, and Matrix Partner. The Bengaluru-based company has become one of the few startups to close two rounds within a year, especially during the so called funding winter. The board at Stable Money has passed a special resolution to issue 77,135 CCPS at price of Rs 16,019 each to raise Rs 123.56 crore or $14.74 million, its regulatory filing accessed from the Registrar of Companies (ROC) shows. RTP Capital led the round with Rs 54.26 crore ($6.5 million) while Lightspeed India and Matrix Partners India pumped in Rs 34.64 crore ($4.15 million) each in this round. In August 2023, Stable Money scooped up $5 million in its first equity fundraise led by Matrix Partners and Lightspeed. Titan Capital, Mar Shot Ventures and a clutch of prominent angel investors also participated in the round. As per startup data intelligence platform TheKredible, Stable Money will be valued at around $60 million post money. This is nearly four fold jump in valuation from $16.5 million in the last round. Founded in late 2022 by Saurabh Jain and Harish Reddy, Stable Money is building a fixed-return investment platform to provide financial consultation services to investors. The platform will also publish financial literacy content on its online platform to create awareness among investors. A clutch of wealthtech startups have managed to score decent funding in the ongoing calendar year. Recently Deserv raked in $32 million in its Series B round led by Premji Invest. In May, wealth management platform Wealthy raised $5.4 million in a new round led by Alpha Wave Incubation Fund.
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DevOps startup Facets.cloud raises $4 million in funding
Economic Times
·
1y ago
Medial
Facets.cloud, a self-serve infrastructure management platform, has secured $4 million in seed funding led by 3one4 Capital. The platform simplifies cloud deployment workflows, enhancing developer productivity. Other investors include Neon, former 100x Entrepreneurs, and angel investors such as Postman CEO Abhinav Asthana. The startup was founded by former executives from Capillary Technologies and aims to use the funding to expand in the US market, promote platform engineering, and enhance product offerings. Facets.cloud currently serves clients like Mobile Premier League and Treebo.
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Manufacturing startup Autocracy Machinery raises $1.2M led by Venture Catalysts, others
IndianStartupNews
·
1y ago
Medial
Autocracy Machinery, a manufacturer of trenching and construction machinery, has raised $1.2 million in a seed funding round. The Indian startup plans to use the funds to expand its distribution network, invest in R&D, and enhance manufacturing capabilities. Venture Catalysts led the round, with participation from individual investors and HEM Angels, VC Grid, and S Four. Autocracy aims to contribute to the 'Make in India' initiative by providing efficient, locally designed machinery for various sectors. The company has seen significant revenue growth and aims to achieve revenues of Rs 60 crore by 2025.
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Boat Planet Raises $1.2M in Seed Funding
Finsmes
·
1y ago
Medial
Boat Planet, a St Louis-based marketplace for boat repair and maintenance, has raised $1.2 million in seed funding. The funding round was led by 46VC, with participation from Ascend Venture Capital and Quad 2 Capital. Boat Planet plans to use the funds to further enhance its platform's features and expand its reach across the country. The company connects boat owners with marine professionals, simplifying the process of finding services, obtaining quotes, and making secure payments.
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Bengaluru-based Cardiotrack raises $2 million in Pre series A
Thehindubusinessline
·
1y ago
Medial
Bengaluru-based healthcare screening technology provider Cardiotrack has secured $2m in pre-series A funding. Led by angel investor Girish Narasimhan, the funding will be used to support the firm's mission to revolutionise healthcare screening. Cardiotrack offers telemedicine kits, data analytics and unique screening technologies to health and life insurance providers. The company previously received $1.6m in angel investment from a group of ultra-high net worth individuals.
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B2B sourcing startup Bidso raises $1.5M led by PeerCapital, others
IndianStartupNews
·
2y ago
Medial
Technology-enabled B2B sourcing startup Bidso has raised $1.5 million or Rs 12.42 crore in a funding round led by PeerCapital, with participation from DeVC and angel investors
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Ambulance startup Dial4242 raises Rs 9 Cr in pre-Series A round
Entrackr
·
24d ago
Medial
Ambulance tech startup Dial4242 has raised Rs 9 crore (around $1.04 million) in its pre-Series A funding round led by IAN Group, with participation from BioAngels, IIM Bangalore’s NSRCEL, and other notable angels. Earlier in September 2023, Dial4242 had raised Rs 1 crore in its seed round led by investors G Vamshi Raju, Starfish Ventures, and a clutch of angel investors based in Hyderabad. The proceeds will be used to scale operations, improve ambulance turnaround time from 12 to under 8 minutes, expand medical centers in underserved areas, strengthen tech infrastructure, and boost leadership hiring. Founded in 2016 by Jeetendra Lalwani, Nilesh Mahambre, and Atin Verma, Dial4242 runs a tech-enabled ambulance network in India, covering over 850 cities. Its platform enables real-time tracking, automated dispatch, and 24x7 emergency coordination. With a tech-first, asset-light model, the startup has partnered with firms like Amazon, Zomato, and Swiggy to provide emergency care access to gig workers. The brand also plans to launch a low-cost membership model offering free ambulance access, deepen hospital partnerships, and further improve emergency response standards. Dial4242 competes with the likes of MeduLance, HelpNow, ESahai, AmbiPalm and Mo Ambulance among others in the ambulance booking segment.
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Adya.ai, a digital commerce and technology solution provider, raises Rs 10.5Cr in a pre-Series A round
IndianStartupNews
·
1y ago
Medial
Digital commerce and technology solution provider, Adya.ai, has raised Rs 10.5 crore in a pre-series A funding round. Led by investors from the Indian Angel Network, including Uday Chatterjee, Romesh Sobti, Sri Prakash, and Hari Balasubramanian, the funding will be used to enhance solutions, strengthen market presence, and develop AI technologies. Adya.ai is the main tech partner for ONDC, leading a project in areas like shopping, transportation, and finance. The company has secured partnerships with Canara Bank, Aditya Birla Financial Limited, and Hindustan Unilever.
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