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Lorazzo raises seed funding led by Sprout Venture and First Cheque

Entrackr

Entrackr · 1m ago

Lorazzo raises seed funding led by Sprout Venture and First Cheque

Lorazzo raises seed funding led by Sprout Venture and First Cheque Home improvement startup Lorazzo has raised Rs 5 crore in a seed funding round led by Sprout Venture Partners and First Cheque by India Quotient. The round also saw participation from Chandigarh Angel Network and a group of angel investors. The proceeds will be used to accelerate product innovation, strengthen its design and technology stack, and scale its omnichannel presence across India. Founded in 2024 by Jatin Luthra and Saurabh Gupta, Lorazzo operates in the kitchen and bathroom fittings segment, offering products such as smart bidets, kitchen faucets, stainless steel and quartz sinks, and modular accessories. Its products are designed specifically for Indian household conditions, including varying water pressure and TDS levels. Lorazzo currently sells through its own website and is present on major online retail and quick commerce platforms.

Related News

Women-Focused Wellness Startup Newmi Care Bags Funding From Sprout Venture Partners, Others

Inc42 · 1y ago

Women-Focused Wellness Startup Newmi Care Bags Funding From Sprout Venture Partners, Others

Newmi Care, a women-focused wellness startup, has raised $1.5 million in a seed funding round led by Sprout Venture Partners. The funding will be used to establish women clinics in northern and western India, enhance technology and product innovation, and expand the team. The round also saw participation from LetsVenture, Sarcha Advisors, Key Ventures Forum, and angel investors.

Ambitio building AI admissions platform raises Rs 1.55Cr in a pre-Seed round

IndianStartupNews

IndianStartupNews · 2y ago

Ambitio building AI admissions platform raises Rs 1.55Cr in a pre-Seed round

Indian startup Ambitio, which focuses on assisting students in pursuing higher education abroad, has announced a pre-seed funding round of INR 1.55 crore. Led by investors such as First Cheque, the funding will support the development of India's first AI admissions platform. Ambitio's AI Copilot helps applicants identify suitable courses and create strong essays and statements of purpose. The startup aims to provide personalized admission advice by leveraging access to a database of over 2 million admits.

Distribution-as-a-service startup ofScale raises $375K in a pre-Seed round from FirstCheque and others

IndianStartupNews

IndianStartupNews · 2y ago

Distribution-as-a-service startup ofScale raises $375K in a pre-Seed round from FirstCheque and others

Indian distribution-as-a-service startup, ofScale, has secured $375,000 in a pre-seed funding round led by First Cheque, with participation from Matrix Partners India DeVC and Relentless VC. The startup aims to enable brands to establish an affordable brick-and-mortar presence through a technology-led B2B model, addressing challenges like high sales overheads and slow market entry. The funding will be used to enhance product development and expand into other sectors, beyond beauty and personal care.

First Cheque Seeks To Back 15-29 Startups From Third Cohort

Inc42 · 1y ago

First Cheque Seeks To Back 15-29 Startups From Third Cohort

First Cheque, a Mumbai-based venture capital firm, is set to invest in 15-29 startups over the next 18 months. Among its portfolio companies are startups like Giva, Rocketlane, and Seekho. As part of this investment, these startups will receive an average first cheque size of nearly $500,000. Founded in 2008, First Cheque focuses on seed to early-stage companies in the software, AI, and IT sectors.

Health startup Newmi Care raises $1.5 million from Sprout Venture Partners, others

Economic Times

Economic Times · 1y ago

Health startup Newmi Care raises $1.5 million from Sprout Venture Partners, others

Women's health and wellness startup Newmi Care has secured $1.5 million in seed funding led by Sprout Venture Partners. The funding round also saw participation from LetsVenture, Sarcha Advisors, Key Ventures Forum, and other angel investors. Newmi Care plans to use the funds to establish women's clinics in northern and western India, enhance its technology, drive product innovation, and expand its team. The startup offers a comprehensive platform for women's healthcare, covering consultations, diagnostics, procedures, medications, and health tracking. It aims to simplify outpatient care for women in India and has already served over 60,000 women across various cities.

Early-stage venture capital firm First Cheque to invest in 15-20 startups

Economic Times

Economic Times · 1y ago

Early-stage venture capital firm First Cheque to invest in 15-20 startups

Early-stage venture capital firm, First Cheque, plans to invest in 15-20 startups from its third cohort over the next 18 months. The average first cheque size will be up to $500,000. The firm, which is under the umbrella of India Quotient Venture Capital, focuses on pre-seed investments, particularly in direct-to-consumer (D2C) startups. They aim to support truly differentiated D2C brands, especially in categories with an empty market. So far, First Cheque has invested in over 130 startups, including companies such as Giva, Rocketlane, Seekho, Fleetx, DrinkPrime, and Simplismart.

Women health platform Newmi Care raises $1.5 Mn in Seed round

Entrackr

Entrackr · 1y ago

Women health platform Newmi Care raises $1.5 Mn in Seed round

Newmi Care, a full stack outpatient care platform and clinics focused on women health & wellness, has raised $1.5 million in a Seed funding round led by Sprout Venture Partners. he round also saw participation from a leading family office, LetsVenture, Sarcha Advisors, Key Ventures Forum and a few angels investors. Newmi Care aims to build its women clinics in North & West India, enhance technology and product innovation and expand its team, the company said in a press release. Since its inception in May 2022, Newmi Care claims to have serviced more than 60,000 women across 400 cities in India covering health concerns ranging from menstrual, sexual and hormonal health, fertility & maternity, menopause and women reproductive organ cancers. Founded by Aditi Singh and Sanchit Agarwal, Newmi has launched women centric OPD insurance products along with leading insurers and the firm has 10 operational clinics in Delhi NCR. Early-stage VC fund Sprout is currently investing out of its Fund II. From its first fund, it has backed companies like Pixis, Ripplr, Fashor, Advantage Club, Goals101 and Fitso among others.

Blitz, Doodhvale Farms, Taqtics raise early-stage funding

VCCircle

VCCircle · 1y ago

Blitz, Doodhvale Farms, Taqtics raise early-stage funding

Blitz, a quick commerce logistics enabler, has raised Rs 40 crore ($4.7 million) in a Series A funding round led by IvyCap Ventures. Doodhvale Farms, a D2C dairy company, announced the closure of its $3 million funding round, with Atomic Capital and Singularity Early Opportunities Fund leading the investment. Taqtics, a SaaS startup, raised $1.2 million in seed funding led by Sprout Venture Partners and Capital-A. The funds for all three companies will be used to enhance infrastructure, expand operations, and upgrade technology to better serve their respective markets.

Startup news and updates: Daily roundup (September 13, 2024)

YourStory

YourStory · 1y ago

Startup news and updates: Daily roundup (September 13, 2024)

Futwork, a mobile app-based contact center solutions provider, has raised Rs 21 crore in a Series A funding round led by the Michael & Susan Dell Foundation and Artha Venture Fund. The funds will be used to scale the company's product and roll out AI solutions for customer communication. Newmi Care, an outpatient care platform for women's health, has secured $1.5 million in a seed funding round led by Sprout Venture Partners. Agilitas Sports has partnered with Spring Marketing Capital to build global capabilities for its sportswear and athleisure solutions platform. CarDekho Group has appointed Sudarshan Sarma as Chief Business Officer of its New Auto business unit.

Bitscale Bags Funding To Help Sales, Marketing Professionals Automate Their Manual Workflows

Inc42 · 1y ago

Bitscale Bags Funding To Help Sales, Marketing Professionals Automate Their Manual Workflows

Bitscale, a Gurugram-based startup, has secured pre-seed funding led by India Quotient's First Cheque. Other participants include Kunal Shah, the founder of CRED, and Ankit Nagori, the founder of Curefoods. The company plans to utilize the funding to launch new products and expand its market reach. Established in 2023, Bitscale's goal is to create an innovative UI that automates manual workflows for sales and marketing professionals.

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