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Lightspeed leads Whizzo's $4.2 million seed fundraise

Economic Times

Economic Times · 7m ago

Lightspeed leads Whizzo's $4.2 million seed fundraise

Whizzo, a materials science manufacturing company in Bengaluru, raised $4.2 million in seed funding led by Lightspeed, with participation from Beenext. The funds will enhance R&D, design labs, and supply chain in Asia, targeting the US market for fashion and medical textiles. Whizzo, founded in 2024, specializes in engineered textiles for various industries. The firm aims to expand client base and focus on sustainable textiles in European and Japanese markets, driving textile innovation with eco-friendly practices.

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Lightspeed leads Pre-Seed Funding Round For Gushwork.ai

OutlookIndia

OutlookIndia · 2y ago

Lightspeed leads Pre-Seed Funding Round For Gushwork.ai

Lightspeed, a prominent venture capital firm, leads the pre-seed funding round for Gushwork AI. The Software-as-a-Service (SaaS) startup secured funding from Lightspeed to further develop its AI-driven platform. Gushwork AI's technology aims to enhance productivity and streamline workflows for businesses, attracting investors and demonstrating its potential to transform various industries. The AI-powered start-up plans to use the $2.1 million it raised to reinvent business process outsourcing with AI and human expertise.

Boosted by investment in Sarvam AI, Indian startups raise $108 million this week

Economic Times

Economic Times · 1y ago

Boosted by investment in Sarvam AI, Indian startups raise $108 million this week

Indian startups faced a funding decline of 79% this week, with only $108 million invested across 12 rounds, compared to $514 million in 38 rounds during the same period last year. However, the week marked the largest fundraise for an India-based AI startup, Sarvam AI, securing $41 million in a Series A round led by Lightspeed Venture Partners. Despite the weekly drop, funding activity surged 81% sequentially. Early-stage startups received the majority of investments at $63 million, followed by late-stage startups at $31 million and seed-stage startups at $13.7 million.

Simplismart, Budy.bot, ANNY and Agnit raise early-stage funding

VCCircle

VCCircle · 11m ago

Simplismart, Budy.bot, ANNY and Agnit raise early-stage funding

Sales and marketing software developer Budy.bot, tech startup Simplismart, fashiontech startup ANNY, and semiconductor startup Agnit have all raised early-stage funding. Simplismart secured $7 million in a Series A funding round, Budy.bot raised $4.2 million in a seed round, Agnit raised $3.5 million in a seed round, and ANNY raised an undisclosed amount in a seed round. The funds will be used for research and development, growth, enhancing AI capabilities, scaling production and operations, and expanding into new market segments.

GMO Venture, Elevation, Inventus, Matrix Partners, Finvolve lead rounds in five startups

VCCircle

VCCircle · 1y ago

GMO Venture, Elevation, Inventus, Matrix Partners, Finvolve lead rounds in five startups

Five startups have secured early-stage funding from investors such as GMO Venture Partners, Elevation Capital, Inventus Capital, Matrix Partners, and Finvolve. Oto, a two-wheeler financing platform, raised $10 million in a round led by GMO Venture Partners. Content commerce platform Wishlink raised $7 million in a Series A round led by Fundamentum Partnership. Senior citizen care platform Khyaal secured $4.2 million in a seed funding round co-led by 62Ventures, SVQuad, and Inventus Capital. Ride-sharing app Advance Mobility raised $2 million led by Finvolve. Adtech startup Adster raised $1 million in seed funding from WaterBridge Ventures.

Anthropic nears $61 billion valuation in new funding round: Report

Inshorts · 6m ago

Anthropic nears $61 billion valuation in new funding round: Report

AI startup Anthropic is seeking to raise $3.5 billion in a funding round at a $61.5 billion valuation, Reuters reported. Venture firms including Lightspeed Venture Partners, General Catalyst and Bessemer Venture Partners could participate in the round. Founded by former OpenAI employees, the startup was valued at around $18 billion in a fundraise last year.

goSTOPS, Flowatt Battery Science, Felicity Games, others secure early-stage funding

VCCircle

VCCircle · 6m ago

goSTOPS, Flowatt Battery Science, Felicity Games, others secure early-stage funding

goSTOPS, Flowatt Battery Science, Felicity Games, Ambitio, and Dreamtime Learning have secured early-stage funding. goSTOPS raised $4.2 million to increase hostel capacity and enhance operations. Flowatt, specializing in advanced battery technology, received pre-seed funding. Felicity Games, a game publisher, garnered $3 million to expand its publishing reach. Ambitio, an AI-powered admissions platform, secured $2 million to enhance student guidance. Dreamtime Learning obtained pre-Series A funding to expand its micro-school model and online platform.

Sparkl Edventure bags $4 mn from Zomato, Zerodha founders

Inshorts · 8m ago

Sparkl Edventure bags $4 mn from Zomato, Zerodha founders

Edtech entrepreneur Aakash Chaudhry's Sparkl Edventure has raised $4 million in seed fundraise from Nithin Kamath's Rainmatter Foundation and Zomato's Deepinder Goyal. The equity round was raised just months after Sparkl Edventure launched its platform in October, which offers one-on-one online tutoring classes to students from classes 6 to 12.

Stable Money raises $5 million in seed funding led by Matrix Partners India and Lightspeed

Money Control

Money Control · 2y ago

Stable Money raises $5 million in seed funding led by Matrix Partners India and Lightspeed

Stable Money, a startup focused on providing financial solutions to gig economy workers, has secured $5 million in seed funding. The funding round was led by Matrix Partners India and Lightspeed, signifying investor confidence in the company's mission to support gig workers' financial stability through innovative solutions.

Deepinder Goyal, Nithin Kamath invests $4 mn in Sparkl Edventure

Inshorts · 8m ago

Deepinder Goyal, Nithin Kamath invests $4 mn in Sparkl Edventure

Aakash Institute founder Aakash Chaudhry's new venture Sparkl Edventure has reportedly raised $4 million in seed fundraise from Zerodha CEO Nithin Kamath's Rainmatter Foundation and Zomato Founder Deepinder Goyal. The equity round was raised just months after Sparkl Edventure launched its platform in October. The company plans to close the round in January 2025.

Centricity, Trisu, GameEon and Dharaksha raise early-stage funding

VCCircle

VCCircle · 1y ago

Centricity, Trisu, GameEon and Dharaksha raise early-stage funding

Wealthtech management company Centricity raised $20 million in a seed funding round led by Lightspeed, bringing its valuation to $125 million. The funding will be used to expand operations and double the tech development team. Biotech-driven R&D startup Dharaksha Ecosolutions secured $3 million in a seed funding round led by Avaana Capital to expand production capabilities and strengthen its presence in the sustainable packaging industry. Mumbai-based game development studio GameEon Studios raised $1 million to develop new games for PC and consoles. Vermeil jewelry brand Trisu raised an undisclosed amount in its pre-seed funding round to enhance customer acquisition and drive product innovation.

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