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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.

Hudle raises Rs 7 Cr in pre-Series A round

EntrackrEntrackr · 1y ago
Hudle raises Rs 7 Cr in pre-Series A round
Medial

Sportstech platform Hudle has raised Rs 7 crore in its pre-Series A round led by Inflection Point Ventures and Sky Impact Capital. The round also saw participation from Survam Partners and Anay Ventures. The proceeds will be used for footprint expansion, product enhancements and marketing efforts, the company said in a press release. Founded by Suhail Narain, Arjun Singh Verma and Sonam Taneja, Hudle is a sports tech platform catering to the preventive healthcare market. It helps sports and fitness enthusiasts to discover venues in their hyper local markets, book sports activities and connect with like-minded individuals to form communities. Backed by brand ambassadors like Ajinkya Rahane, Hudle claims to have facilitated over one lakh games per month across 1,300 venues in 60 cities. It has an engaged community of over five Lakh players. Last month, IPV invested in edtech startup MyCaptain in its Rs 14 crore (approximately $1.7 million) new round and fintech mobility startup Pumpumpum. Its recent investments include BonV Aero, AllTrak, and Onedioss, among others. According to data intelligence platform TheKredible, Inflection Point Ventures emerged as the most active investors in Q1 2024 with 11 investments. Blume Ventures, Venture Catalysts and Fireside Ventures were next on the list.

Edtech start-up MyCaptain raises ₹14 cr from Inflection Point Ventures, MyNavi, Piper Serica, Super Capital, Ankur Capital

ThehindubusinesslineThehindubusinessline · 1y ago
Edtech start-up MyCaptain raises ₹14 cr from Inflection Point Ventures, MyNavi, Piper Serica, Super Capital, Ankur Capital
Medial

Indian edtech start-up MyCaptain has raised ₹14 crore ($1.9 million) in a recent funding round led by investors including Inflection Point Ventures, MyNavi, Piper Serica, Super Capital, and Ankur Capital. MyCaptain plans to use the funding to expand its hybrid programmes into more cities, establish regional sales centres, and introduce new courses. The company aims to reach a portfolio milestone of 50 beginner courses and five placement readiness programmes. It has already partnered with over 1,000 employers and secured placements for 1,300 learners in fields such as content writing, digital marketing, and UI/UX design.

Edtech startup MyCaptain raises Rs 14 Cr from IPV, others

EntrackrEntrackr · 1y ago
Edtech startup MyCaptain raises Rs 14 Cr from IPV, others
Medial

Edtech startup MyCaptain has raised Rs 14 crore (approximately $1.7 million) in a new round from Inflection Point Ventures, MyNavi, Piper Serica, Super Capital and Ankur Capital. Earlier to this round, the startup had raised $3 million in its pre-Series-A round led by Ankur Capital in January 2022. The fresh proceeds will be used to expand its hybrid programs into different cities, establishing over four regional sales centers. Additionally, the startup aims to enrich its course offerings, introducing new programs of over 50 beginner courses and five placement readiness programs. Co-founded by Mohammed Zeeshan, Sameer Ramesh and Ruhan Naqash, MyCaptain allows students to learn directly from young professionals, discover new career options and build practical skills through over 30 beginner to advanced live cohort-based courses. The startup claims to have crossed over 20,000 enrollments across its courses and will be ending with Rs 31 crore in booking revenue in FY23-24. It plans to reach 50,000 yearly enrollments in its courses and Rs 100 crore in bookings by FY25-26. The platform has trained more than 250,000 learners in careers across content, design, visual arts, finance, business and empowered them to become entrepreneurs, writers, designers, filmmakers, financial analysts, and more.

Parkobot raises Rs 2.09 Cr in seed round led by IPV

EntrackrEntrackr · 3m 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 · 5d 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.

Social network app Currently raises $1 Mn led by Aarvi Family Office

EntrackrEntrackr · 28d ago
Social network app Currently raises $1 Mn led by Aarvi Family Office
Medial

Social network app Currently raises $1 Mn led by Aarvi Family Office Currently is a real-time moment sharing app that helps people discover what others are doing right now, fostering genuine connections, conversations, and local interactions. Social network app Currently has raised $1 million in a funding round led by Aarvi Family Office LLP along with participation from LJ Knowledge Foundation, Dhruv Patel, Pratik Patel, Neerav Dad, Arpit Patel, Priyank Parmar, and other investors and family offices. The fresh funds will be used to introduce new real-time features, upgrade tech, expand engineering and design teams, and grow city-based communities and brand partnerships, Currently said in a press release. Launched in 2023 by Mitesh Shethwala, Currently is a real-time moment sharing app that helps people discover what others are doing right now, fostering genuine connections, conversations, and local interactions. It focuses on authenticity and spontaneity, redefining how people connect and share their lives. With features such as Live Map, Authentic Status Sharing, and Business Check Ins, the platform aims to evolve into India’s first real-time people network, a digital layer that reconnects people in the physical world and celebrates being present. "Social media was supposed to make us social in the real world — but today, it’s more about entertainment and ads. Currently brings back authenticity by showing what people are doing right now, not what algorithms decide. We are not replacing anything — we are rebuilding what social media was meant to be,” said Mitesh Shethwala, founder of Currently.

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