News on Medial

LogicLadder raises $2.5 Mn in Series A round

EntrackrEntrackr · 1y ago
LogicLadder raises $2.5 Mn in Series A round
Medial

Climate-tech SaaS startup LogicLadder has raised $2.5 million in its Series A round led by Singapore and Vietnam-based BIG Capital and Zerodha’s Rainmatter. The firm is backed by investors including ONGC, Shell and IIM Lucknow EIC. The proceeds will be used to expand its global footprint in South Asia and North America. Founded in 2011, LogicLadder’s premium platform ‘The Sustainability Cloud’ is used by enterprises to manage ESG, account for Scope 1, 2 and 3 carbon emissions, meet environment compliance and generate sustainability reporting. According to LogicLadder, the software follows global standards like GHG protocol, SBTi, GRI, CDP, CSRD, SASB, BRSR, CBAM and GRESB, among others. Additionally, its products – TSC Water, TSC Energy, and TSC Enviro, allow organisations to achieve efficiency-led decarbonisation and sustainability in water and generated waste. The firm claims to be working with over 1,000 customers such as NTPC, BHEL, PVR-INOX, Mother Dairy and others, along with 40 channel partners.

Related News

Proptech startup Flent raises $2.5 Mn in pre-Series A round

EntrackrEntrackr · 13d ago
Proptech startup Flent raises $2.5 Mn in pre-Series A round
Medial

Proptech startup Flent raises $2.5 Mn in pre-Series A round Bengaluru-based proptech startup Flent has raised Rs 21 crore (about $2.5 million) in a Pre-Series A round, including Rs 17 crore in equity and Rs 4 crore in debt. The round was led by Incubate Fund Asia, with participation from WEH Ventures, Twin & Bull Family Office, Stride Ventures, 91Ventures, Untitled VC, and a group of angel investors, including BlackBuck co-founder Rajesh Yabaji. In addition, over 40 landlords and tenants using Flent’s platform collectively invested Rs 1 crore as part of the round. The proceeds will be used to expand beyond Bengaluru, with Mumbai and Gurugram identified as the next markets. Flent also plans to roll out new offerings across the rental journey, including flatmate discovery, vacancy protection for landlords, and AI-led location and budget discovery tools. Founded in October 2023 by Mayank Lalwani, Rishabh Agnihotri, and Shail Daswani, Flent operates a full-stack rental platform offering fully furnished, move-in-ready homes with flexible lease terms. It manages the entire lifecycle, design, onboarding, tenant screening, maintenance, and rent assurance while removing brokerage and large security deposits. Flent currently manages 350 rooms across 140 premium homes in Bengaluru, with reported occupancy levels of 90–95%. The average customer stay is around 14 months, according to the company. On the supply side, the brand is targeting high-value residential properties, particularly those owned by investors and NRIs, where professional property management remains fragmented.

Exclusive: Miko raises fresh capital at over $200 Mn valuation

EntrackrEntrackr · 1y ago
Exclusive: Miko raises fresh capital at over $200 Mn valuation
Medial

Robotics firm Miko, a product of Emotix, has raised Rs 20.5 crore (approximately $2.5 million) in a new round from a group of angel investors. This fresh equity infusion comes after a two-year hiatus for the Mumbai-based company. The board at Miko has passed a special resolution to issue 679 Series C CCPS at an issue price of Rs 3,02,695 each to raise Rs 20.55 crore or $2.5 million, its regulatory filing accessed from the Registrar of Companies shows. Moneycrew Fintech injected Rs 4.5 crore while the rest of the sum was poured in by angel investors including Amrapali B Doshi, Sanjiv Sarita, Amit Jain, Satyam Sinha, Inderjit Kaur Arora, and others. According to TheKredible’s estimates, the company has been valued at around Rs 1,711 crore or $206 million post-allotment. This is a 2.3X jump in the valuation as compared to its last equity round. Miko creates emotionally intelligent robots that leverage artificial intelligence and the Internet of Things (IoT) in developing its flagship brands Miko, Miko 2 and Miko 3. After the success of its first-generation robots, the company launched an advanced version that uses voice-recognition technology to see, hear, sense, express, talk, and recognize faces. Miko has raised over $60 million to date including its $29 million Series B round led by Ivycap Ventures in 2021. According to the startup data intelligence platform TheKredible, prior to this round Chiratae Ventures was the largest external stakeholder with 13.77% followed by IvyCap Ventures with 13%. See TheKredible for the complete shareholding pattern. The Chiratae-backed startup showcased impressive 2.3X growth to Rs 225 crore in FY23 from Rs 95 crore in FY22. However, the bottom of the company stood at Rs 108 crore in FY23. Miko is yet to file annual results for FY24.

Download the medial app to read full posts, comements and news.