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Medront raises pre-seed round led by IPV

EntrackrEntrackr · 1y ago
Medront raises pre-seed round led by IPV
Medial

User data storage startup Medront has raised Rs 1.06 crore in its pre-seed round led by Inflection Point Ventures. The proceeds will be used in product development, growth efforts, user acquisition, onboarding DAAS clients, and miscellaneous expenses, ensuring efficient user acquisition and strong retention. Founded in 2023 by Nitesh Singh and Saurav Suman, Medront Datalabs empowers users with control over their personal data through innovative data pods, offering brands an alternative to the monopolies of tech giants. The startup claims to have gained over 20,000 users and partnered with 20 brands. Currently focused on user acquisition in India, Medront’s strengths include extensive API integrations with major platforms like Twitter, YouTube, Facebook, Instagram, Reddit, Spotify, Gmail, Google Drive, and Evernote. Additionally, Medront provides Android verification for notifications, SMS, and permissions. Incubated by PIEDS (BITS Pilani), Medront also holds G2 verification for advertising financial services, positioning itself for future growth. According to market research, the global Data as a Service (DaaS) market, valued at $20.74 billion in 2024, is expected to grow to $51.60 billion by 2029. In India, the market is projected to reach $2.17 billion in 2024.

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ACS Energy raises Rs 1.1 Cr in pre-seed round led by IPV

EntrackrEntrackr · 7d ago
ACS Energy raises Rs 1.1 Cr in pre-seed round led by IPV
Medial

ACS Energy raises Rs 1.1 Cr in pre-seed round led by IPV EV charging startup ACS Energy has raised Rs 1.1 crore (around $132K) in a pre-seed funding round led by Inflection Point Ventures (IPV). The proceeds will be used to deploy 5,000 UPI-enabled EV charging stations across Maharashtra and Gujarat, and to develop AI-driven energy management systems for high-rise buildings. Founded in 2022 by Jash Sheth and Mihir Bhanushali, ACS Energy is a UPI-enabled EV charging platform, combining hardware and software to make charging more efficient and accessible. Its chargers support two, three, and four-wheelers and integrate with the ACS Pay system, allowing users to complete transactions instantly through UPI. The startup is addressing a major gap in charging infrastructure for high-rise buildings and residential complexes, offering AI-based systems that manage power distribution and reduce energy waste. Currently active in Mumbai, Pune, Surat, Ahmedabad, and Kerala, ACS Energy plans to expand nationwide. As per market research, India’s EV charging market is projected to reach $13 billion by 2032, and ACS aims to be a key player in this growth by enabling seamless, digital-first charging experiences.

Parkobot raises Rs 2.09 Cr in seed round led by IPV

EntrackrEntrackr · 4m ago
Parkobot raises Rs 2.09 Cr in seed round led by IPV
Medial

Snippets Parkobot raises Rs 2.09 Cr in seed round led by IPV IoT-based parking startup Parkobot has raised Rs 2.09 crore (around $243K) in a seed round led by Inflection Point Ventures (IPV), with participation from high-net-worth individuals. The funding will be used to expand infrastructure, enter new markets, enhance backend operations, and diversify its product portfolio. Founded by Amrit Choudhury, Raj Kumar Bihani, and Animesh Mukherjee, Parkobot is currently in stealth mode as it lays the groundwork for scale. It offers a tech-enabled solution that allows users to monetize their private parking spaces through an IoT-powered smart parking space barrier integrated with the Parkobot mobile app. It operates as a real-time, on-demand platform by enabling hourly rentals of unused spots. The platform currently manages over 20,000 bookings each month and is built on a proprietary tech stack that includes scalable IoT devices and an in-house Parking Management System (PMS). It supports automated, pre-booked parking experiences with minimal manual intervention. The startup has already deployed its smart barriers at key high-traffic locations and aims to reduce urban congestion by optimizing underutilized parking spaces.

The Artment raises Rs 10 Cr in pre-Series A round led by IPV

EntrackrEntrackr · 14d ago
The Artment raises Rs 10 Cr in pre-Series A round led by IPV
Medial

Snippets The Artment raises Rs 10 Cr in pre-Series A round led by IPV Home décor and lifestyle brand The Artment has raised Rs 10 crore in pre-Series A funding round led by Inflection Point Ventures. The round also witnessed participation from Siyaram Family Office, ESV, Capitar Ventures and others. IPV made its investment in this round through IPV International as well, utilizing the GIFT City route. The Gurugram-based company had previously raised $527K in a seed funding round from Harshit Poddar and others. The proceeds will be deployed over category expansion, investment in ‘Art Lab’ – a tech-platform to crunch data, launch products and towards channel expansion, The Artment said in a press release. Co-founded in 2019 by Aditya Agarwal and Aanchal Agarwal, The Artment offers a wide range of artistic home furnishings, including dining, lighting, and wall art, designed with various art movements in mind. The brand maintains a strong online presence through its website and major e-commerce platforms, and has expanded into offline luxury retail through a partnership with Taj Hotels. “At Artment, we invested early in building a strong data analytics infrastructure called Art Lab, which powers our ability to launch the right assortment efficiently and stay close to evolving consumer preferences,” said Aditya Agarwal, founder & CEO, The Artment. As per a market research, India’s home & living market, currently valued at $3.7 billion, is growing at a 15% CAGR, with 12% of sales occurring online. The Artment claims that it is EBITDA positive and is aiming to reach 100 crore ARR in the next six months. The brand has a repeat customer rate of 20%, showing trust and steady demand from the existing users. The Artment is backed by a deep supply chain network present in most key art and manufacturing clusters across India such as Moradabad, Khurja, Firozabad, and Jodhpur.

MangoPoint raises $1 Mn in pre-Series A round led by IPV

EntrackrEntrackr · 3m ago
MangoPoint raises $1 Mn in pre-Series A round led by IPV
Medial

MangoPoint raises $1 Mn in pre-Series A round led by IPV Chennai-based agritech exporter MangoPoint has secured $1 million in a pre-Series A funding round led by Inflection Point Ventures (IPV), with participation from The Chennai Angels, Native Angel Network, Keiretsu Forum India, Fondation Botnar, IIM-CAN, Metis Family Office, and JITO Incubation and Innovation Foundation. The fresh funds will be used to scale infrastructure, expand into new markets, strengthen backend operations, and diversify product offerings. Founded in 2018 by Manjula Gandhi Rooban and Prasanna Venkatarathnam, MangoPoint is a premium exporter of chemical-free, single-origin Indian mangoes and processed mango products, primarily serving North America and Europe. The startup handles over 2,000 metric tonnes of mangoes annually and plans to scale this tenfold to 20,000 MT in the coming years. It has APEDA and NPPO-recognized packhouses, and FDA clearance for exports to key international markets. As per the market research, the global mango industry is valued at $60 billion, with India contributing $20 billion, growing at 4.9%–8% CAGR.

Mobility startup Pumpumpum raises Rs 2 Cr led by IPV

EntrackrEntrackr · 1y ago
Mobility startup Pumpumpum raises Rs 2 Cr led by IPV
Medial

Fintech mobility startup Pumpumpum has raised Rs 2 crore in a new round led by Inflection Point Ventures (IPV). Previously, the startup had raised $2 million in equity from LC Nueva Investment Partners, Founders Room Capital, LetsVenture and others in June 2022. The proceeds will be used for growth in operations, geographical reach, technological advancements, marketing endeavors and overall organizational development. Founded in 2018 by Tarun lawadia and Sameer Kalra, PumPumPum works in B2B2C & B2C pre-owned car leasing model. It offers a subscription-based platform that prioritizes consumer convenience, flexibility, and affordability. Through the integration of technology and data analytics, the firm delivers an easy and personalized experience for accessibility and convenience. Earlier this month, IPV invested in edtech startup MyCaptain in its Rs 14 crore (approximately $1.7 million) new round. Its recent investments include BonV Aero, AllTrak, Onedioss, among others.

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