🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Mythik, Biostate AI, Zoca get funding; PaySprint eyes second tranche of Series A

VCCircle

VCCircle · 1m ago

Mythik, Biostate AI, Zoca get funding; PaySprint eyes second tranche of Series A

Mythik, Biostate AI, and Zoca have recently secured funding from various investors, including Accel and InfoEdge Ventures. Mythik raised $15 million for its entertainment technology business, aiming to promote Eastern mythology globally. Biostate AI received $12 million to enhance its RNA sequencing capabilities for precision medicine. Zoca garnered $6 million to expand its AI-driven marketing solutions. Meanwhile, fintech company PaySprint is preparing to raise an additional $3 million in its Series A funding round.

1

Related News

PaySprint Secures $3 Million to Boost Banking and Escrow Tech

StartupTalky

StartupTalky · 1m ago

PaySprint Secures $3 Million to Boost Banking and Escrow Tech

PaySprint Private Limited, a rapidly growing fintech and regtech company in India, has raised $3 million in Series A funding. It aims to enhance business banking and escrow infrastructure. Focusing on integrated growth platforms, PaySprint’s flagship SprintNXT powers connected banking, smart payouts, and real-time collections. Furthermore, SprintVerify is pivotal for verification processes. The funds will support expanding AI capabilities, enhancing products like SprintNXT and SprintEXcrow, and building more partnerships and engineering teams.

AI startup Zoca raises $6 million from Accel, Elevation Capital, others

Economic Times

Economic Times · 1m ago

AI startup Zoca raises $6 million from Accel, Elevation Capital, others

AI startup Zoca has raised $6 million in a funding round led by Accel, with participation from GTMfund, Elevation Capital, and Better Capital. Founded by IIT Kharagpur alumni Ashish Verma and Robin Chauhan, Zoca uses AI agents to assist hyperlocal businesses, such as salons and florists, with marketing and growth. The funding will support their US market strategy and enhance AI capabilities, currently serving over 1,000 beauty and wellness businesses, generating significant revenue.

Wow! Momo raises Rs. 75cr from ValueQuest

Entrackr

Entrackr · 1y ago

Wow! Momo raises Rs. 75cr from ValueQuest

Wow! Momo, a quick service restaurant chain, has secured Rs 75 crore ($9 million) in a Series D funding round led by ValueQuest Capital. This marks the company's first fundraising round in 2023. With this investment, the company has been valued at approximately $340 million. Wow! Momo operates three QSR brands and has 620 outlets across 32 cities, employing 6,000 people. The company is also planning to raise another Rs 100 crore in the second tranche of the ongoing funding round.

30 Startups To Watch: Startups That Caught Our Eyes In May 2024

Inc42 · 1y ago

30 Startups To Watch: Startups That Caught Our Eyes In May 2024

An increasing number of second-time founders and CXOs are joining the Indian startup scene. The latest edition of the '30 Startups to Watch' series saw a rise in the adoption of AI among the selected startups. About 60% of these startups have raised less than $2 Mn or are self-funded.

Infra.Market raises $125 Mn led by Tiger Global

Entrackr

Entrackr · 5m ago

Infra.Market raises $125 Mn led by Tiger Global

Infra.Market raises $125 Mn led by Tiger Global Building materials platform Infra.Market is raising Rs 1,049 crore (around $125 million) in its Series F funding round. This follows the completion of the final tranche of its Series E round in September 2024. The board at Infra.Market has passed a special resolution to issue 49,149 compulsory convertible preference shares at an issue price of Rs 2,13,439 each to raise Rs 1,049 crore or $125 million, its regulatory filing sourced from the Registrar of Companies shows. The Rs 1,049 crore Series F funding round appears to be a pre-IPO initiative, structured in two tranches: Rs 498 crore (Series F) and Rs 551 crore (Series F1), respectively. According to the filings, the first tranche of Rs 498 crore ($60 million) is led by Tiger Global, contributing Rs 211 crore, with additional participation from Evolvence Group and Fundamental Fund, which invested Rs 168 crore and Rs 119 crore, respectively. This marks a significant investment from existing investor Tiger Global, especially given its relatively low activity in recent times. For context, Tiger Global made only two investments in 2024—Wiz Freight and Jupiter’s NBFC arm—both as an existing investor. The second tranche of Rs 551 crore is yet to be completed. Capri Global, Eudora Ventures, Kangaro Industries, SVV Limited, Premratan Exports, and Verity Knowledge, along with individual investors Ashish Kacholia, Nikhil Kamath, Abhijit Pai, Sumeet Kanwar, Nuvama, Dimpy Kanwar, and Sapna Vig, are expected to participate. Tiger Global, Evolvence, and Fundamental Fund may also contribute to this tranche. According to Entrackr’s estimates, the company has been valued at around Rs 24,000 crore or $2.8 billion post-allotment. Infra.Market, through its platform, offers a range of building material products, including Structural Products (Concrete, Steel, Construction Chemicals), Finishing Products (AAC blocks, MDF, Plywood, Pipes and Fittings), and Lifestyle Products (Tiles, Sanitaryware, Laminates, Paints, Fans, Lights, Appliances, Modular Kitchens, Consumer Durables). Infra.Market generates revenue from the sale of the aforementioned products. Its consolidated gross revenue rose to Rs 14,530 crore in FY24 from Rs 11,847 crore in FY23. The firm also reported a 2.4X jump in its profit to Rs 378 crore in the last fiscal year.

The Sleep Company rolls out second tranche of ESOP buyback for 105 employees

Entrackr

Entrackr · 1y ago

The Sleep Company rolls out second tranche of ESOP buyback for 105 employees

Comfort-tech brand The Sleep Company has announced the second tranche of ESOP (employee stock ownership plan) buyback for its employees. The current buyback will benefit a total of 105 employees, including 50% of women employees. After securing Rs 13.4 crore in pre-Series A, and Rs 177 crore in a Series B round led by Premji Invest and Fireside Ventures, the company recently secured Rs 184 crore in Series C Funding. The Sleep Company has rolled out the second tranche of the programme in just four years since its inception, which is set to benefit employees irrespective of their seniority. The company rolled out its first ESOP buyback programme in 2023 worth Rs 83.47 lakh. Founded by Priyanka and Harshil Salot, The Sleep Company offers premium products with technology rooted in developments in material science and sleep science. In June 2022, the platform marked its foray into offline retail with the launch of its first store in Bengaluru, to open over 150 stores by end of 2024. The firm claims to have achieved significant growth with its revenue growing 2.6 times over the last 12 months, reaching Rs 130 crore in sales in 2023. Through its omnichannel model, the company has over 70 stores across the country and is well on its way to opening 150 stores by the end of 2024. Last month, audio series platform Pocket FM announced its first ESOP buyback worth $8.3 million. As per data compiled by TheKredible, the total EOSP buyback/payout/liquidity stood at nearly $802 million in 2023. In 2021 and 2022, the buyback amount was recorded at $440 and $200 million respectively. In 2024, MyGate, Classplus and Meesho also completed their ESOP buyback scheme.

Govt commits 2nd tranche of Rs 10,000 Cr Fund of Funds for deeptech startups: Piyush Goyal

YourStory

YourStory · 7d ago

Govt commits 2nd tranche of Rs 10,000 Cr Fund of Funds for deeptech startups: Piyush Goyal

Union Minister Piyush Goyal announced a Rs 10,000 crore second tranche under the government's Fund of Funds initiative to accelerate India's deeptech startup sector. Speaking at IIT Madras's Sangam 2025 summit, Goyal highlighted the initiative's focus on promoting innovation, and technology absorption and development. The fund offers flexible support through equity and grants. The summit showcased emerging startups and featured AI leaders, underlining India’s technology and economic growth trajectory.

Elon Musk's xAI Eyes New Funding at $40 Billion Valuation as AI Race Intensifies

OutlookIndia

OutlookIndia · 8m ago

Elon Musk's xAI Eyes New Funding at $40 Billion Valuation as AI Race Intensifies

Elon Musk's AI start-up, xAI, is reportedly seeking new funding with a valuation of around $40 billion. The funding round is still in its early stages and has not been finalized. xAI recently raised $6 billion in a Series B round, with participation from various key investors. The funds raised were used to enhance infrastructure, accelerate R&D, and bring products to market. Musk has expressed his goal of increasing xAI's computing capacity. The company aims to develop advanced and beneficial AI systems.

Microsoft eyes major stake once OpenAI becomes for-profit: WSJ

Inshorts · 8m ago

Microsoft eyes major stake once OpenAI becomes for-profit: WSJ

Microsoft and OpenAI are reportedly in talks over the stake the former will get in the AI startup after it converts into a for-profit organisation, the WSJ reported. Microsoft could reportedly get a major stake in exchange for its roughly $14 billion investment in OpenAI. The startup has hired Goldman Sachs as an advisor while Microsoft has hired Morgan Stanley.

Logistics startup Oxyzen Express raises $3 million in seed funding

Economic Times

Economic Times · 1y ago

Logistics startup Oxyzen Express raises $3 million in seed funding

Chennai-based logistics startup Oxyzen Express has raised $3 million in the second tranche of its seed capital funding round. The funding was led by Tamil Nadu Emerging Sector Seed Fund and SNAM Group of Companies, along with participation from other angel investors. Oxyzen Express offers tech-enabled solutions and operates within the express logistics industry. The company's proprietary tech stack, OWENS, incorporates innovative design concepts and features a 'Middle Mile Optimizer' for real-time data analytics. Oxyzen Express has rapidly scaled its market presence and generated nearly $6 million in revenue in FY23.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

ChatGPT is testing a mysterious n ...

Jack Dorsey working on Bluetooth ...

From 66 to 4: Why Y Combinator is ...

Download the medial app to read full posts, comements and news.