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News on Medial
InvestorAi Bags INR 80 Cr To Offer AI Solutions To Retail Investors
Inc42
·
1y ago
Medial
Bengaluru-based startup InvestorAi has secured $9.56 million in its Series A funding round to boost its AI-powered stock recommendation platform for retail investors. The company, which was established in 2018, asserts that its flagship product has consistently outperformed market indices during the past three years. InvestorAi collaborates with leading broking firms to provide AI-driven investment solutions, making advanced technology easily accessible to individual investors in India.
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Urja Mobility Bags INR 100 Cr To Lease EV Batteries
Inc42
·
11m ago
Medial
- Urja Mobility plans to use the capital to scale operations and expand their retail footprint and product portfolio. - The startup intends to raise an additional INR 250 Cr in the first quarter of 2025 to further scale up its retail network. - Urja Mobility was founded in 2023 and specializes in providing EV battery solutions. - The company offers battery leasing services to EV consumers and fleet operators based on a pay-per-use model. - The latest funding round will help propel the growth of Urja Mobility in the EV market.
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Iom Bioworks Bags INR 4 Cr in Seed Round to Disrupt Gut Health Science
StartupTalky
·
3m ago
Medial
Iom Bioworks, a Bengaluru-based startup, secured INR 4 crore in seed funding led by Inflection Point Ventures. Dedicated to advancing healthcare through gut microbiome science, the company uses AI and advanced modeling to offer personalized health solutions. The funds will boost marketing, IP rights, infrastructure, and team growth. Founded in 2022, Iom Bioworks has reached 500 users, secured patents, and aims to transform healthcare with its focus on microbiome-driven health and well-being.
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Arrivae Bags INR 21 Cr From Mithun Sacheti
Inc42
·
1y ago
Medial
Arrivae, an interior design solutions startup, has raised INR 21 crore (approximately $2.5 million) in an extended Series B funding round from Mithun Sacheti, co-founder of CaratLane. The funds will be used to expand distribution, penetrate existing markets, and strengthen the supply chain. Sacheti has also joined the board of Arrivae, which already includes investors Madhusudhan Kela, Yash Kela, and Raghav Bubna. Arrivae offers end-to-end home interiors solutions and has a catalog of over one million products. The Indian home decor market is projected to reach $67.4 billion by 2032.
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Capillary Technologies Secures Board Approval for INR 2250 Cr IPO Launch
StartupTalky
·
3m ago
Medial
Capillary Technologies has obtained board approval to launch a INR 2250 crore IPO, raising INR 500 crore through new shares and INR 1750 crore via an offer for sale. This move follows an earlier attempt to list in 2021, which was abandoned. Founded in 2008, Capillary offers client engagement software with clients like Domino's and Tata Group. The company saw an 80% revenue growth in FY24 and is backed by investors like Qualcom Ventures and Peak XV Partners.
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TAC Infosec IPO Day 2: Vijay Kedia Backed SaaS Startup’s Public Issue Oversubscribed 22.8X
Inc42
·
1y ago
Medial
TAC Infosec's IPO was oversubscribed 22.82 times on the second day, driven by strong demand from retail investors. The public issue received bids for 4.61 crore shares against 20.23 lakh shares on offer. The retail individual investors quota was oversubscribed 41.4 times, while non-institutional investors oversubscribed their quota by 14.2 times. The company plans to raise INR 29.9 crore through the IPO, which will close on April 2. TAC Infosec offers cybersecurity solutions to businesses and small enterprises and reported a profit after tax of INR 1.94 crore in H1 FY24.
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ArisInfra IPO: Issue Subscribed 18% On Day 1 So Far
Inc42
·
2m ago
Medial
ArisInfra Solutions' IPO was subscribed 24% on its first day, with retail investors’ portion being oversubscribed by 1.04 times, accounting for bids on 24.7 lakh shares against the 23.7 lakh shares on offer. Non-institutional investors (NIIs) subscribed 19%, bidding for 6.9 lakh shares out of 35.68 lakh available. The company aims for a post-issue market cap of INR 1,799 crore ($209 million) at the upper price band of INR 222.
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Sri Mandir Parent AppsForBharat Bags INR 175 Cr
Inc42
·
2m ago
Medial
AppsForBharat, the creator of the spiritual app Sri Mandir, has secured INR 175 crore in a Series C funding round led by Susquehanna Asia VC, with support from existing investors like Fundamentum, Elevation Capital, and Peak XV Partners. Launched in 2020, Sri Mandir has over 4 crore downloads and facilitates online pooja bookings and offerings. The funds will be used to expand to over 20 temple towns and enhance its commerce capabilities and AI innovations.
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FirstCry Bags INR 188.5 Cr From Anchor Investors
Inc42
·
1y ago
Medial
FirstCry, a leading baby products retailer, has allotted shares to anchor investors as part of its upcoming IPO. The anchor investors include prominent names like the Government of Singapore and investment firms such as ADIA, Nomura, Fidelity India, and Goldman Sachs. FirstCry aims to raise INR 4,193 crore through its IPO.
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Wealthtech platform InvestorAi raises Rs 80 Cr in Series A round
Entrackr
·
1y ago
Medial
Equity investment platform InvestorAi has raised Rs 80 crore (nearly $10 million) in a Series A round from Ashish Kacholia, founder, Lucky Investment Managers and his associates. The proceeds will be used for ramping up the business and adding new products. Founded in 2018, InvestorAi’s products uses AI models and robotics to create stock recommendations for the Indian market. These recommendations are then packaged into easy-to-use investment solutions that combine recommendation and delivery into a one-click user experience. The startup claims to have over 15 equity baskets with different strategies and some of them are now in their third year, with compelling returns. All baskets have significantly beaten the index in the last 12 months as well as since inception. Its products are currently available in the broking industry that include HDFC Securities, Geojit, PL, JM Financial Services, Yes Securities, IIFL Securities, 5Paisa and Axis Securities.
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Men’s fashion brand Snitch bags INR 110 Cr to sharpen offline play
Inc42
·
1y ago
Medial
Men's fashion brand Snitch has raised INR 110 Cr ($13.19 Mn) in a Series A funding round co-led by SWC Global and IvyCap Ventures. The Bengaluru-based D2C brand plans to use the investment to boost its talent and technology, as well as develop an offline retail strategy. Snitch achieved a turnover of over INR 100 Cr in FY23 and aims to achieve over 100% growth in FY24. The brand intends to open more than 100 offline stores across India within the next 4-5 years.
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