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Nia.one raises $2.4 Mn in seed round from Elevar Equity

EntrackrEntrackr · 5h ago
Nia.one raises $2.4 Mn in seed round from Elevar Equity
Medial

Nia.one, a full-stack platform for gig and blue-collar workforce, has raised $2.4 million in seed funding from Elevar Equity. The proceeds will be used to expand the company’s Niadel hubs across major cities and employment corridors, combining jobs, housing, and daily essentials for gig workers under one integrated ecosystem. Founded in August 2024 by Sachin Chhabra and Lt. Col. Pushkar Raj, Nia.one operates a phygital model that connects migrant and gig workers to verified jobs, affordable housing, meals, mobility, and community services. The platform currently serves 3,000 workers across 50 cities and plans to scale to over 8,000 workers in the coming quarters. The hubs are located within one kilometer of large worksites in logistics, warehousing, and manufacturing zones. Jyotsna Krishnan, Managing Partner at Elevar Equity, said, “Nia.one focuses on gig workers as entrepreneurial households. Its integrated model improves both worker retention and enterprise performance.” Nia.one’s architecture combines four elements, Flow (jobs), Studio (housing and essentials), Tribe (community), and Rafiki (AI assistant), creating a sustainable, capital-efficient system for India’s fast-growing gig economy.

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SaveSage raises $1 Mn in pre-seed round

EntrackrEntrackr · 16d ago
SaveSage raises $1 Mn in pre-seed round
Medial

SaveSage raises $1 Mn in pre-seed round SaveSage has raised $1 million in a mix of equity and debt in its pre-seed funding round led by Bhavesh Gupta, with participation from new investors N.R. Narayanan, Lalit Wadhwa, DSP Family Office, Venture Catalysts, and Suvrat Sehgal. The proceeds will be used to strengthen its AI engine, expand product features, and accelerate user growth. Launched in October 2024, SaveSage helps users track and manage credit card and travel loyalty rewards. The platform has reached 200,000 users and an annual revenue run rate of $1.1 million as of September 2025. SaveSage’s business model is based on a mobile app that provides credit card management, rewards optimisation tools, and bill payment services. It competes with platforms such as CRED, CheQ, and OneScore, with a focus on rewards and loyalty optimisation. SaveSage currently manages over 1 million credit cards and 400,000 loyalty program accounts. Over 100,000 users pay their credit card bills through the platform.

Coverstack set to raise $11 Mn in new round

EntrackrEntrackr · 1m ago
Coverstack set to raise $11 Mn in new round
Medial

Coverstack set to raise $11 Mn in new round Digital insurance company Coverstack, a B2B platform under the Coverfox Group, is set to raise Rs 95.7 crore (around $11 million) in a new round comprising both primary and secondary stake sales. The board at Coverstack has passed a special resolution to issue 19,216 preference shares and 3,187 share warrants at an issue price of Rs 33,827 each to raise Rs 75.78 crore in a primary round, its regulatory filing accessed from the Registrar of Companies (RoC) shows. Vistra ITCL (India) Limited, acting as trustee of Elevar Ventures Partners, led the round with Rs 65 crore primary injection, while the founders, Sanjib Kumar Jha and Piyush Ranjan, cumulatively invested Rs 10.75 crore. According to Entrackr’s analysis, Elevar Ventures Partners also purchased 5,912 equity shares from existing investors in a secondary transaction worth Rs 20 crore, taking the total capital raised in the round to Rs 95.7 crore (about $11 million). Coverstack’s post-money valuation is estimated at around Rs 476 crore ($54 million), according to Entrackr’s estimates. With this round, the Mumbai-based firm has raised over Rs 465 crore across multiple rounds. Coverstack, the B2B arm of Coverfox, acts as its tech platform for digital insurance distribution, enabling fintechs, brokers, and other platforms to offer insurance products and supporting Coverfox’s shift to scalable, tech-based solutions. While the company has not disclosed its revenue for the fiscal year ending March 2025, Coverstack reported a loss of Rs 11.87 crore in FY25. In FY24, it had revenue from operations of Rs 2.63 crore and a loss of Rs 14.87 crore.

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