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Metadome.ai raises $6.5 Mn led by Siana Capital and Chiratae

EntrackrEntrackr · 11m ago
Metadome.ai raises $6.5 Mn led by Siana Capital and Chiratae
Medial

Extended reality (XR) startup Metadome.ai (formerly Adloid) has raised $6.5 million in Series A funding in an equity and debt round led by Siana Capita and existing investor Chiratae Ventures. New investors Alteria Capital, 3to-1 Capital, and Manish Choksi’s family office also joined the new round. The company plans to use the investment to expand its business to new regions and develop capabilities to provide advanced XR technologies merged with advancements in AI, Metadome.ai said in a press release. With this backing, Metadome.ai aims to strengthen its presence in the US, SE Asia, and the Middle East regions. In December 2021, the Gurugram-based startup raised $4 million in its pre-Series A round led by Chiratae. Founded in 2016 by Kanav Singla and Shorya Mahajan, Metadome specializes in sales enablement using virtual reality (VR) and augmented reality (AR) solutions in home decor, e-commerce, and mobility. It works with Hewlett Packard (HP), Tata Motors, Hero MotoCorp, Asian Paints, and others. Since its inception in 2018, Metadome.ai has been growing organically and its customer base has more than doubled since last year, said the firm in the release. Recently, Metadome partnered with Hippo Homes to introduce a virtual reality experience at its new store in Greater Noida where customers can explore home improvement solutions. According to Statista, the XR industry has been managing significant interest from investors globally. As per the report, the space attracted an investment of $1.9 billion, outlining the importance of 3D, AR, and VR in improving the customer buying and post-sales cycle. The company is also part of NVIDIA’s Inception and Google Startup programs. SmartVizX, Liminal, Embright Infotech, Scapic, and GMetri are some of the emerging companies from the extended reality space in India.

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Convin raises $6.5 Mn in Series A round led by India Quotient

EntrackrEntrackr · 10m ago
Convin raises $6.5 Mn in Series A round led by India Quotient
Medial

Conversation intelligence platform Convin has raised $6.5 million in its Series A funding round led by India Quotient, with participation from new investor JSW Ventures and existing investors Kalaari Capital, Titan Capital Winners Fund, Sparrow Capital, and 9Unicorns. The proceeds will be used to expand the core team and distribution channels, Convin said in a press release. Founded in 2021 by Ashish Santhalia, Convin empowers customer facing teams—sales, support, and collections—with AI-based tools to track and analyze agent-customer interactions, driving efficiency and effectiveness. Convin’s platform is segmented into three core product suites: the Real-Time Suite, the Post-Interaction Suite, and the Convin Insights Suite. These suites address critical challenges such as agent inefficiencies, misselling, poor conversion rates, and suboptimal customer experiences across industries including banking, insurance, finance, e-commerce, edtech, retail, hospitality and travel, real estate, healthtech, BPOs, and airlines. The startup claims to have grown 3-folds over the past year, now serving over 80 clients, including major brands like Reliance Nippon, Puravankara, Titan, Thyrocare, and Lazypay. With additional resources, the brand is projecting a 200% increase in new customers and a 3x revenue increase in 2024-25. Early-stage institutional venture capital fund IndiQuotient invests in technology-led startups at seed to Series A stages. Its portfolio companies include ShareChat, Sugar Cosmetics, Giva, Kuku FM, WebEngage, and Vyapar.

Exclusive: Wealthtech startup Stable Money raises $15 Mn in new round

EntrackrEntrackr · 11m ago
Exclusive: Wealthtech startup Stable Money raises $15 Mn in new round
Medial

Wealthtech startup Stable Money has raised over Rs 123 crore nearly $15 million in a new round from RTP Capital, Lightspeed India, and Matrix Partner. The Bengaluru-based company has become one of the few startups to close two rounds within a year, especially during the so called funding winter. The board at Stable Money has passed a special resolution to issue 77,135 CCPS at price of Rs 16,019 each to raise Rs 123.56 crore or $14.74 million, its regulatory filing accessed from the Registrar of Companies (ROC) shows. RTP Capital led the round with Rs 54.26 crore ($6.5 million) while Lightspeed India and Matrix Partners India pumped in Rs 34.64 crore ($4.15 million) each in this round. In August 2023, Stable Money scooped up $5 million in its first equity fundraise led by Matrix Partners and Lightspeed. Titan Capital, Mar Shot Ventures and a clutch of prominent angel investors also participated in the round. As per startup data intelligence platform TheKredible, Stable Money will be valued at around $60 million post money. This is nearly four fold jump in valuation from $16.5 million in the last round. Founded in late 2022 by Saurabh Jain and Harish Reddy, Stable Money is building a fixed-return investment platform to provide financial consultation services to investors. The platform will also publish financial literacy content on its online platform to create awareness among investors. A clutch of wealthtech startups have managed to score decent funding in the ongoing calendar year. Recently Deserv raked in $32 million in its Series B round led by Premji Invest. In May, wealth management platform Wealthy raised $5.4 million in a new round led by Alpha Wave Incubation Fund.

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