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LogicLadder raises $2.5 Mn in Series A round

EntrackrEntrackr ยท 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 Zerodhaโ€™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, LogicLadderโ€™s premium platform โ€˜The Sustainability Cloudโ€™ 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 โ€“ 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.

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Fuel tech startup Nawgati raises $2.5 Mn in pre-Series A round

EntrackrEntrackr ยท 2m ago
Fuel tech startup Nawgati raises $2.5 Mn in pre-Series A round
Medial

Fuel tech startup Nawgati raises $2.5 Mn in pre-Series A round Fuel-tech platform Nawgati has raised $2.5 million in pre-series A funding round led by Ajay Upadhyaya along with participation from Deepak Bhagnani Family Office, MeitY Startup Hub, Aamara Capital, and other angels including Sanjay Sharma, Ashish Sharma, Prithvijit Roy, and Vivek Mathur. The Noida-based company had previously raised $1.67 million from MapmyIndia and others. The proceeds will be used for global expansion and strengthen its regional presence across India, Nawgati said in a press release. Co-founded in 2019 by Vaibhav Kaushik, Aalaap Nair, and Aryan Sisodia, Nawgatiโ€™s core offering is a fuel management app that helps businesses and consumers track fuel usage, find the nearest fuel stations, and potentially manage fuel costs. It also provides a dashboard, Aaveg, for fuel stations to monitor their operations in real-time. Additionally, the startup enables real-time oversight of critical station operations, allowing for better forecasting, smarter resource allocation, congestion management, powerful compliance enforcement, and strategic decision-making on the go. Nawgati plans to scale its fleet offering, which is already live with Mahanagar Gas, to other major fuel companies, advancing its aim to deliver smarter, more connected solutions for fleet operators and fuel stations.

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

EntrackrEntrackr ยท 10m ago
Exclusive: Miko raises fresh capital at over $200 Mn valuation
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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 TheKredibleโ€™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.

Healthcare and insurtech startup FlashAid raises $2.5 Mn

EntrackrEntrackr ยท 1y ago
Healthcare and insurtech startup FlashAid raises $2.5 Mn
Medial

Healthcare and insurtech firm Flashaid has raised $2.5 million in its pre-Series A funding round led by Piper Serica Angel Fund and global venture capital firm SOSV. Early-stage investors โ€”Z21 Ventures Fund and ZNL Growth Fund also participated in this round. The proceeds will be used for growth and expansion to six new cities, the company said in a press release. Founded by Manoj Gupta and Gunjali Kothari, Flashaid offers a full-stack health solution with proprietary pre-underwritten products, open APIs, and embedded solutions. Formerly known as EasyAspataal, Flashaid is building an API-first health cover to make health insurance affordable and accessible to common people. It is developing a distinctive channel for retail health plan distribution via a B2B2C platform. Over the last year, the firm claims to have partnered with over 20 platforms to distribute 30,000 health covers and is profitable at the EBITDA level. Currently, it has an ARR (annual run rate) of $1 million and is expected to grow to $10 million ARR in the next two years.

Regional OTT app Stage raises $12.5 Mn in Series B

EntrackrEntrackr ยท 3m ago
Regional OTT app Stage raises $12.5 Mn in Series B
Medial

Regional OTT app Stage raises $12.5 Mn in Series B Regional language-focused over-the-top (OTT) platform Stage has raised $12.5 million in its Series B round led by Good Water and Blume Ventures. The round also included $2.5 million worth of secondaries for some angel investors such as Harsh Shah (co-founder of Fynd), Aayush Phumbra (founder Chegg). Physis Capital, Mumbai Angels, The Chennai Angels, Venture Catalysts, IPV and other existing investors also participated. Launched in November 2019 by Vinay Singhal, Shashank Vaishnav, and Parveen Singhal, Stage serves as a hyper-localized OTT platform, offering trending, entertaining, and informative material in various languages and dialects, including Haryanvi and Rajasthani. The firm claims to have 20 million users and over 4.4 million paying subscribers. For the fiscal year ending in March 2024 (FY24), Stage reported a six-fold jump in its revenue to Rs 17.9 crore, while it managed to reduce its losses by 4% to Rs 22.1 crore. According to the company, its current ARR stands at Rs 180 crore. In the regional OTT players, it has competitors like aha video, Chaupal, Planet Marathi, and OM TV.

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