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Mad Over Buildings raises seed round led by SIG Tattva

EntrackrEntrackr ยท 10d ago
Mad Over Buildings raises seed round led by SIG Tattva
Medial

Mad Over Buildings, a fintech-enabled B2B e-commerce platform specializing in building materials, has raised Rs 6 crore in a seed funding round led by SIG Tattva. The proceeds will be utilized for distribution networks, accelerate market penetration, and expand its footprint across Indiaโ€™s fast-growing construction ecosystem. Founded in 2021 by Kumar Vivek, Mad Over Buildings (MOB) aims to scale its curated Line-of-Credit, escrow-backed payment system, and full-stack material catalogue, including sustainable construction and interior materials. The platform aspires to transform how architects, contractors, and developers transact digitally, transparently, and at scale. According to MOB, its tech-enabled Line of Credit for secondary and tertiary sales and its escrow-backed marketplace address financing challenges for smaller distributors and retailers, enhancing liquidity and enabling seamless transactions. SIG Tattva, the corporate venture capital arm of Somany Impresa Group, focuses on early-stage ventures in deep-tech manufacturing, enterprise SaaS, clean technologies, next-generation e-commerce, and disruptive product innovations.

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Crion Technologies raises Rs 3.5 Cr led by SIG Tattva

EntrackrEntrackr ยท 2m ago
Crion Technologies raises Rs 3.5 Cr led by SIG Tattva
Medial

Crion Technologies, a company developing advanced digital solutions in IoT, AI, AR/VR, and cloud technologies, has raised Rs 3.5 crore in a funding round led by SIG Tattva, the corporate venture capital arm of Somany Impresa Group. According to Crion, its flagship digital twin platform, Clonos, aims to redefine asset management by providing real-time insights and predictive capabilities, helping enterprises drive efficiency, reduce downtime, and make smarter decisions. Co-founded in 2016 by Rahul K, Karthik Pondugula and Rathees Paneerselvam, Crion Technologies specializes in digital twin solutions and other advanced digital technologies, including AI, IoT, and AR/VR, to optimize industrial asset management, maintenance, and operational efficiency for the manufacturing and process industries. The company's offerings include its Clonosโ„ข platform for 3D digital twin creation and the "Augmented Workforce" vision for training, maintenance, and efficiency. โ€œWhat excites us most is working with an industry group that truly understands how transformative technologies can reshape manufacturing, utilities, and infrastructure. Together, we can unlock meaningful impact at scale,โ€ said Vishnuvardhan Jayachandran, CEO of Crion Technologies. Alongside the investment, SIG Tattva also launched its flagship โ€˜Pilot Before Pitch (PBP)โ€™ program.

Jobizo raises $1.4 Mn led by Alkemi Growth Capital

EntrackrEntrackr ยท 8m ago
Jobizo raises $1.4 Mn led by Alkemi Growth Capital
Medial

Jobizo raises $1.4 Mn led by Alkemi Growth Capital Healthcare HRtech firm Jobizo has raised $1.4 million in its pre-series funding round led by Alkemi Growth Capital. This investment follows the $500,000 seed funding round led by AROA Ventures in 2022. The proceeds will be used to create 100,000 healthcare jobs in India and 3,000 jobs abroad within the next 18 months and aims to complete 10 million job hours over time. Co-founded by Naveen Trehan and Avishek Agarwal, Jobizo is an AI-powered platform that connects employers with skilled professionals. The platform has contributed to over 10 million additional patient care hours in India. By using its expanding investor network and market expertise, Jobizo aims to create a welcoming environment for the workforce and tackle skill gap issues. Post seed round, Jobizo's growth claims to have grown over 500%, facilitated over 20,000 jobs in India and international countries, and helped fill over 10 million job hours.

Clean Fanatics raises $2 Mn in seed round led by Inflection Point Ventures

EntrackrEntrackr ยท 4m ago
Clean Fanatics raises $2 Mn in seed round led by Inflection Point Ventures
Medial

Clean Fanatics raises $2 Mn in seed round led by Inflection Point Ventures Clean Fanatics, a premium platform offering home services, has raised Rs 17 crore ($2 million) in a seed funding round led by Inflection Point Ventures (IPV). The round also saw participation from Blume Founders Fund, Letโ€™s Venture (now LVX), Trica, TiE Angels, and several prominent angel investors. The proceeds will be used to expand the team, upgrade the technology infrastructure, and scale new service verticals including civil construction and home renovation. Founded by BJ Arun, Clean Fanatics specializes in services such as deep cleaning, painting, marble polishing, and home renovation. The firm claims that it is currently generating a monthly recurring revenue (MRR) of Rs 2 crore in Bengaluru alone, servicing over 2,500 homes every month. Over the last 24 months, Clean Fanatics has grown its revenue by 8x, backed by strong customer referrals and operational efficiency.

M2P Fintech to acquire Mad Street Den in distress sale

EntrackrEntrackr ยท 8m ago
M2P Fintech to acquire Mad Street Den in distress sale
Medial

M2P Fintech to acquire Mad Street Den in distress sale Digital banking infrastructure company M2P Fintech is all set to acquire Chennai-based AI startup Mad Street Den, sources aware of the development told Entrackr. Moneycontrol, which reported the development first, said that the deal is a mix of stock and cash. According to sources, M2P Fintech is acquiring Mad Street Den in a distress sale for approximately $10-15 million. The company has raised over $50 million to date, including a $30 million round in January 2023 from Alpha Wave and Peak XV (formerly Sequoia Capital). Founded in 2016 by Ashwini Asokan and Anand Chandrasekaran, Mad Street Denโ€™s core product Vue.ai focuses on the retail segment to provide automation and inventory management solutions.

MiClient raises seed round from IAN Group, others

EntrackrEntrackr ยท 1y ago
MiClient raises seed round from IAN Group, others
Medial

MiClient, an AI-driven B2B sales enablement platform, has raised Rs 3.9 crore in its seed funding round led by IAN Group with participation from Anicut, GSF, RTAF, and Keiretsu. Vikas Kuthiala and Pratik Mathurkar from IAN led the round. The round follows an initial pre-seed investment in October 2023 from 100x.VC. The proceeds will be used to build a stronger team and expand market presence across more geographies in India. In addition to market expansion, MiClient is developing an AI-based model to create quotations and invoices in seconds, further streamlining the sales process for its users. Led by Swati Sharma, MiClientโ€™s easy-to-use CPQ platform helps sales teams close deals three times faster, with the average deal now closing in just 10 days. Expanding further into Indiaโ€™s industrial hubs, MiClient is executing a feet-on-the-street go-to-market strategy. MiClient is expanding into more industrial hubs across India using a direct sales approach. With over 150 customers and over 1,500 users, the company serves SMEs, particularly in the B2B manufacturing sector, with a user-friendly platform.

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