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Lending infra startup Roopya raises seed round led by IPV

EntrackrEntrackr · 4h ago
Lending infra startup Roopya raises seed round led by IPV
Medial

SaaS-based lending infrastructure platform Roopya has raised Rs 4 crore in a seed funding round led by Inflection Point Ventures (IPV). The company will use the funds to scale its lending infrastructure and expand embedded finance capabilities. Founded by Sudipta Kumar Ghosh and Raman Vig, Roopya offers a SaaS-based lending infrastructure platform for NBFCs and fintech lenders. Its no-code, AI-powered Lending-as-a-Service (LaaS) stack enables financial institutions to launch loan products within 4–6 days. The platform includes a fully automated Loan Origination System (LOS) covering e-KYC, underwriting, disbursement, and collections in compliance with RBI guidelines. The startup works with over 20 lenders that collectively process more than 30,000 loans per month. In the current fiscal year, it claims to have processed loans worth over Rs 100 crore and operates across 10 states, supporting more than 1,100 point-of-sale terminals. The brand claims to have reduced operational costs by up to 30% and cut loan processing time by over 50% for its clients. Roopya currently facilitates around Rs 200 crore in annual loan processing and reports 12% year-on-year growth.

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Parkobot raises Rs 2.09 Cr in seed round led by IPV

EntrackrEntrackr · 7m ago
Parkobot raises Rs 2.09 Cr in seed round led by IPV
Medial

Snippets Parkobot raises Rs 2.09 Cr in seed round led by IPV IoT-based parking startup Parkobot has raised Rs 2.09 crore (around $243K) in a seed round led by Inflection Point Ventures (IPV), with participation from high-net-worth individuals. The funding will be used to expand infrastructure, enter new markets, enhance backend operations, and diversify its product portfolio. Founded by Amrit Choudhury, Raj Kumar Bihani, and Animesh Mukherjee, Parkobot is currently in stealth mode as it lays the groundwork for scale. It offers a tech-enabled solution that allows users to monetize their private parking spaces through an IoT-powered smart parking space barrier integrated with the Parkobot mobile app. It operates as a real-time, on-demand platform by enabling hourly rentals of unused spots. The platform currently manages over 20,000 bookings each month and is built on a proprietary tech stack that includes scalable IoT devices and an in-house Parking Management System (PMS). It supports automated, pre-booked parking experiences with minimal manual intervention. The startup has already deployed its smart barriers at key high-traffic locations and aims to reduce urban congestion by optimizing underutilized parking spaces.

ACS Energy raises Rs 1.1 Cr in pre-seed round led by IPV

EntrackrEntrackr · 3m ago
ACS Energy raises Rs 1.1 Cr in pre-seed round led by IPV
Medial

ACS Energy raises Rs 1.1 Cr in pre-seed round led by IPV EV charging startup ACS Energy has raised Rs 1.1 crore (around $132K) in a pre-seed funding round led by Inflection Point Ventures (IPV). The proceeds will be used to deploy 5,000 UPI-enabled EV charging stations across Maharashtra and Gujarat, and to develop AI-driven energy management systems for high-rise buildings. Founded in 2022 by Jash Sheth and Mihir Bhanushali, ACS Energy is a UPI-enabled EV charging platform, combining hardware and software to make charging more efficient and accessible. Its chargers support two, three, and four-wheelers and integrate with the ACS Pay system, allowing users to complete transactions instantly through UPI. The startup is addressing a major gap in charging infrastructure for high-rise buildings and residential complexes, offering AI-based systems that manage power distribution and reduce energy waste. Currently active in Mumbai, Pune, Surat, Ahmedabad, and Kerala, ACS Energy plans to expand nationwide. As per market research, India’s EV charging market is projected to reach $13 billion by 2032, and ACS aims to be a key player in this growth by enabling seamless, digital-first charging experiences.

Navanc raises $1 Mn in seed round

EntrackrEntrackr · 1y ago
Navanc raises $1 Mn in seed round
Medial

Fintech startup Navanc has raised $1 million in its seed round led by Prarambh Ventures, with participation from Inflection Point Ventures (IPV), Brigade REAP FirstPort Capital, and marquee angel investors. The proceeds will be directed toward expanding operations across India, with a focus on strengthening Navanc's presence in urban and semi-urban areas. Additionally, the startup will ramp up its AI FinTech capabilities by incorporating Generative AI and Computer Vision models. Founded by Nagachethan S M and Byomkesh Jha, Navanc introduced an AI-powered property score and stack, specifically designed for secured lending and insurance practices. By integrating advanced technologies like AI, IoT, and Blockchain, the firm ensures secure, transparent, and reliable transactions in the proptech sector. Its collateral reporting, powered by its AI and ML models, enhances credit decision-making and portfolio management for the BFSI industry. Currently operating across tiers of cities in about 6 states, Navanc is focused on expanding its reach to all states under its Bharat Vision.

Edge AI startup Edgehax raises Rs 1.39 Cr in Seed round led by IPV

EntrackrEntrackr · 6m ago
Edge AI startup Edgehax raises Rs 1.39 Cr in Seed round led by IPV
Medial

Edge AI startup Edgehax raises Rs 1.39 Cr in Seed round led by IPV Edgehax, a full-stack Edge AI hardware platform, has raised Rs 1.39 crore in a Seed round led by Inflection Point Ventures (IPV). The fresh funds will be deployed to scale up manufacturing, accelerate new product development, and expand market access across India and international markets including Singapore, the US, and Europe. Founded in 2025 by Prabhu Stavarmath and Savitri Patil, Edgehax builds modular Edge AI computing platforms that combine compute, connectivity, and storage on a single board. Its hardware has already found applications in industrial gateways, humanoid robots, autonomous vehicles, drones, defense systems, and NavIC-based tracking solutions. The startup has already partnered with over 150 startups, OEMs, and large enterprises, and has enabled 100,000 students and faculty across 30 universities and IITs through its developer kits. The brand claims to have already shipped over 5,000 edge gateway boards and plans to roll out 10,000 compute modules for consumer appliances by December 2025. Edgehax operates in a domain similar to global players such as Raspberry Pi, Nvidia Jetson, Google Coral, and Qualcomm’s AI boards.

Payment infra startup Mylapay raises $1 Mn

EntrackrEntrackr · 1m ago
Payment infra startup Mylapay raises $1 Mn
Medial

Chennai-based payment infrastructure startup Mylapay has raised $1 million as part of an ongoing funding round, ahead of its planned Series A raise. The round saw continued backing from CDM Capital and Credit Saison, along with new participation from GrowthCap Ventures, led by Pratekk Agarwaal, and a group of strategic angel investors. Prior to this round, the startup had raised $550,000 in seed funding. With the latest capital infusion, Mylapay is preparing to scale adoption of its acquiring platform and move closer to a full Series A fundraise later this year. The proceeds will be used to strengthen Mylapay’s core payment infrastructure, expand its product stack, deepen integrations with banks and payment aggregators, and support international expansion across the Middle East, Africa, and the US. Founded by Mohanraj Ravi, Mylapay builds backend payment processing systems covering 3DS authorisation, switching, clearing and settlement, and reconciliation. Its platform is certified by major card networks including Visa, Mastercard, and RuPay. Mylapay recently rolled out a unified acquiring platform that allows banks and payment institutions to manage card and UPI acquiring through a single integration. The platform is designed to handle more than 5,000 transactions per second and focuses on compliance-led, modular payment processing.

Tax management infra startup Prosperr.io raises $4 Mn led by Jungle Ventures

EntrackrEntrackr · 2m ago
Tax management infra startup Prosperr.io raises $4 Mn led by Jungle Ventures
Medial

AI-led tax management infrastructure startup Prosperr.io has raised $4 million in a seed funding round led by Jungle Ventures. The round also saw participation from Yatra Angel Network, Sadev Ventures, and other investors. The Bengaluru-based company has now raised a total of $5.55 million since its incorporation in 2022. Earlier in August last year, Prosperr had raised $1.55 million in its pre-seed round led by Gokul Rajaram, a board member at Pinterest and Coinbase. The proceeds will be used to accelerate product development, strengthen AI capabilities, and scale its B2B sales operations. The company is also exploring expansion into adjacent areas such as wealth management. Founded by Manas Gond and Dev Kumar, Prosperr.io is building software infrastructure to manage tax planning, compliance, and employee reimbursements for both individuals and enterprises. The platform uses automation and AI to handle deductions, filings, and compliance workflows across salaried users and businesses. For enterprises, Prosperr.io offers tools that automate employee tax benefits, reimbursements, and compliance, reducing manual processing and regulatory risk. On the consumer side, the company operates a subscription-led model that provides ongoing tax planning and advisory, adjusting to changes in income and financial goals. The brand has also expanded its enterprise offering with an AI-powered reimbursement product aimed at simplifying corporate tax operations. Prosperr.io claims strong traction across both segments, with high retention among enterprise clients.

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