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LogiNext cofounder Manisha Raisinghani's startup SiftHub raises $5.5 million from Matrix, Blume Ventures, others

Economic Times

Economic Times · 1y ago

LogiNext cofounder Manisha Raisinghani's startup SiftHub raises $5.5 million from Matrix, Blume Ventures, others

AI platform SiftHub has raised $5.5 million in a seed funding round led by Matrix Partners India and Blume Ventures. The platform, founded by Manisha Raisinghani, helps enterprise sales teams collate and sift through scattered content to close deals faster. SiftHub integrates with various workplace apps and uses retrieval augmented generation (RAG) technology to boost productivity by 80%. The funding will be used for product development and building early go-to-market strategies in sectors such as B2B technology, healthcare, and insurance. SiftHub currently operates in San Francisco, Mumbai, and Chennai with a team of 18.

Related News

GenAI SaaS SiftHub Bags $5.5 Mn From Matrix Partners, Others

Inc42 · 1y ago

GenAI SaaS SiftHub Bags $5.5 Mn From Matrix Partners, Others

SaaS startup SiftHub, founded by LogiNext's Manisha Raisinghani, has raised $5.5 million in a seed funding round led by Matrix Partners India and Blume Ventures. The enterprise tech platform leverages large language models to help companies generate personalized responses to queries received by sales and pre-sales teams. The funding will support the development and growth of SiftHub's AI platform. The enterprise tech sector continues to attract significant funding, with $305 million secured across 28 deals in Q1 2024.

SaaS entrepreneur Raisinghani's new AI venture nabs $5.5M to boost sales efficiency

TechCrunch · 1y ago

SaaS entrepreneur Raisinghani's new AI venture nabs $5.5M to boost sales efficiency

AI startup SiftHub has raised $5.5m in seed funding for its AI assistant which aims to reduce non-sales activities for sales teams. The assistant, which integrates with platforms such as Google Drive, HubSpot and Salesforce, allows salespeople to complete tasks like data entry and research using voice commands. The company plans to use the funds to hire more product research and development specialists and expand into the market. The seed round was co-led by Blume Ventures and Matrix Partners India, with participation from investors including Cloudflare and RazorPay.

TakeMe2Space raises Rs 5.5 crore

Economic Times

Economic Times · 4m ago

TakeMe2Space raises Rs 5.5 crore

SpaceTech startup TakeMe2Space secured Rs 5.5 crore in pre-seed funding led by Seafund, with contributions from Blume Ventures, Artha Venture Fund, AC Ventures, and angel investors. The funds will support the launch of its space AI laboratory MOI-1, scaling operations, regional expansion, product portfolio enhancement, R&D, and customer acquisition. The company aims to double its revenues over the next year, according to their statement.

Atomicwork raises $11 million in seed round led by Matrix Partners and Blume Ventures

Money Control

Money Control · 1y ago

Atomicwork raises $11 million in seed round led by Matrix Partners and Blume Ventures

Atomicwork, a B2B SaaS startup, has secured $11 million in seed funding led by Matrix Partners and Blume Ventures. Despite the challenging funding environment in India and the US, the round also saw participation from Storm Ventures, Neon Fund, and notable angel investors. Atomicwork plans to use the funds for product development, engineering, and marketing. The company offers an employee success solution that leverages AI and conversational intelligence to simplify interactions with collaboration tools like Slack and Microsoft Teams.

PowerUp Money raises $7.1 Mn from Accel, Blume and others

Entrackr

Entrackr · 25d ago

PowerUp Money raises $7.1 Mn from Accel, Blume and others

PowerUp Money raises $7.1 Mn from Accel, Blume and others. Wealthtech startup PowerUp Money has raised $7.1 million in its first institutional funding round, led by Accel, Blume Ventures, and Kae Capital, with participation from 8i Ventures and DeVC. The proceeds will be used to strengthen its research team, build new advisory products, and scale customer acquisition efforts. Founded in April by Prateek Jindal, ex-cofounder of Uni Cards, PowerUp Money helps users manage their finances with tools like "Power Age," which shows when they can achieve financial freedom and how much they need to save. It offers direct mutual fund investments with advisory support to retail investors via its mobile platform. The startup is rolling out both free and paid subscription models. According to the company, Power Mutual Funds is already tracking over Rs 3,000 crore (~$350 million) in assets across more than 25,000 customers, with strong growth month on month. Originally incubated within Uni Cards, PowerUp has now been spun off as an independent venture, following the funding round. As per sources, Jindal has been working on the new venture since October 2023.

Ex-DealShare Cofounder Makes A $1 Mn Sportstech Bet

Inc42 · 8m ago

Ex-DealShare Cofounder Makes A $1 Mn Sportstech Bet

Here are the requested bullet points: - Sports tech startup founded in March 2024 - Raised INR 9.4 Cr in funding from investors such as Blume Ventures, Roots Ventures, and QED Innovations Lab - Focuses on supporting and assisting sports academies in India - Founder, Vineet Medda, previously held the position of CEO and cofounder at DealShare - Medda left DealShare in January 2024 for his new venture

Mayank Bidawatka, who built India’s Twitter rival Koo, raises $4M for his new startup Billion Hearts

Financial Express

Financial Express · 7m ago

Mayank Bidawatka, who built India’s Twitter rival Koo, raises $4M for his new startup Billion Hearts

Mayank Bidawatka, co-founder of Koo, has raised $4M in seed funding for his new venture, Billion Hearts Software Technologies. Led by Blume Ventures with support from General Catalyst and others, the startup focuses on a global 'digital consumer product' using deep tech. A beta launch is planned soon. Billion Hearts emphasizes team ESOPs and strategic investor alignment.

Deeptech imaging startup Optimized Electrotech raises $6 million from Blume Ventures, Mela Ventures, others

Economic Times

Economic Times · 2m ago

Deeptech imaging startup Optimized Electrotech raises $6 million from Blume Ventures, Mela Ventures, others

Deeptech imaging startup Optimized Electrotech raised $6 million in a Series A funding round led by Blume Ventures and Mela Ventures, joined by 9Unicorns and others. The funds will enhance AI-powered imaging for surveillance and expand globally. Optimized Electrotech, founded in 2017, develops solutions for defence and aerospace sectors, integrating onboard analytics for real-time intelligence. The company holds four patents and supports clients like Bharat Dynamics and the Indian Navy, aligning with India's self-reliance goals.

Hostel startup GoStops raises Rs 35 crore from Blume Ventures, others

Economic Times

Economic Times · 3m ago

Hostel startup GoStops raises Rs 35 crore from Blume Ventures, others

GoStops, a travel hostel startup, has raised Rs 35 crore in a funding round led by Blume Ventures, along with participation from 1Crowd, Mumbai Angels, and others. The funds will expand their capacity from 2,500 to 10,000 beds across 100 locations, focusing on converting existing hotels into hostels. Founded in 2014, GoStops caters to travelers aged 18-35 and aims to broaden its presence in business locations such as Mumbai, Bangalore, and Chennai.

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures

Entrackr

Entrackr · 2m ago

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures Battery technology startup Volt14 has secured $1.87 million in its pre-Series A funding round led by Blume Ventures. Beyond Next Ventures, Spectrum Impact. Shashank Pathak 05 May 2025 11:12 IST Follow Us New Update Battery technology startup Volt14 has secured $1.87 million in its pre-Series A funding round led by Blume Ventures. Beyond Next Ventures, Spectrum Impact, Supermorpheus, and returning investor Cocoon Capital have also participated. The total funding raised by the Bengaluru-based startup now stands at $4.02 million. The proceeds will be used to scale up manufacturing and expand its team. Founded in 2019 by Animesh Kumar Jha, Volt14 focuses on developing silicon-based anode materials for lithium-ion batteries. It has also developed an in-house cylindrical battery cell format demonstrating energy density enabled by its silicon anode. Volt14 claims that its technology increases silicon content in anodes while maintaining performance levels and is currently being evaluated by multiple battery cell manufacturers. According to market research, the lithium-ion battery sector is projected to exceed $300 billion by 2034, driven by electric vehicle adoption and energy storage expansion. Blume Ventures, the lead investor in this round, is also one of the early backers of Battery Smart, which is the most funded startup in the space.

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