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TraqCheck raises funding from Caret Capital and Peyush Bansal's family office

IndianStartupNewsIndianStartupNews ยท 1y ago
TraqCheck raises funding from Caret Capital and Peyush Bansal's family office
Medial

Startup TraqCheck has raised an undisclosed amount of funding from Caret Capital and Culture Cap to further develop its AI-based employee background verification platform. Founded in 2020, TraqCheck aims to transform the traditional background verification market by leveraging AI to enhance hiring processes, making them faster, more cost-effective, and accurate. The startup currently serves over 200 corporate clients, including Bajaj Capital and Reliance Retail, and plans to expand globally within the next few years. Caret Capital highlighted the growing demand for instant background verification services, particularly as industries rely more on gig workforces and on-demand human resources.

ClickPost raises $6 Mn in Series A round

EntrackrEntrackr ยท 1y ago
ClickPost raises $6 Mn in Series A round
Medial

Shipping intelligence platform ClickPost has raised $6 million in its Series A round led by Inflexor Ventures Partners and Athera Venture Partners. The round also saw participation from Riverwalk Holdings and an existing investor Rebright Partners. Previously, the startup had raised an undisclosed amount in seed round in April 2020. The funding will be used for launching new AI-driven modules, global growth and hiring, the company said in a press release. Initially launched as a developer tool to help engineers integrate with courier APIs, ClickPost pivoted to provide a post-purchase experience platform for brands. Founded by Naman Vijay, ClickPost is an all-in-one logistics management platform that provides everything from accurate delivery dates in the pre-purchase journey to multi-carrier integration, tracking visibility, returns and exchange management, and omnichannel enablement. The firm said that it has helped large fashion retailers convert more than 35% of their returns to exchanges, and has helped others improve shipping NPS by upto 40%. The startup claims to have tracked more than 1 million shipments daily, and is aiming to grow 5x in the next 2 years. Over 300 eterprises across India, North America, APAC, and the Middle East use ClickPost.

PeakAmp raises $1.37 Mn in Seed round led by Caret Capital

EntrackrEntrackr ยท 2m ago
PeakAmp raises $1.37 Mn in Seed round led by Caret Capital
Medial

PeakAmp raises $1.37 Mn in Seed round led by Caret Capital Battery circularity company PeakAmp has raised Rs 12 crore (about $1.37 million) in a seed funding round led by Caret Capital, with participation from IIM Ahmedabad Ventures, Basant Sharma and Group, and other investors. Co-founded in 2024 by Vijay Gond and Aditya Sudhanshu, PeakAmp is building a full-stack solution for end-of-life (EOL) EV battery management. From safe collection and second-life repurposing to high-purity material recovery, the startup aims to transform end-of-life batteries into valuable resources, driving Indiaโ€™s clean energy transition and circular economy. According to the company, its tech-enabled solution focuses on collection, segregation, and recycling of lithium-ion batteries, including second-life repurposing and high-purity material recovery. PeakAmp seeks to establish a circular economy for batteries by leveraging strategic partnerships and advanced technology. โ€œOur mission is not only to tackle battery waste but also to set global standards for sustainable resource recovery and make circularity integral to Indiaโ€™s clean energy future, propelling the country towards true energy sovereignty and a global leadership role in circular innovation,โ€ said Vijay Gond, Co-founder of PeakAmp. Market research estimates that Indiaโ€™s EV market will surge from $35 billion in 2024 to $111 billion by 2029, with over 80 million EVs expected on the roads. PeakAmp claims that its advanced materials-recovery technology delivers over 99% efficiency and purity for critical metals such as lithium, nickel, and copper, supported by a growing reverse-logistics network to safely transport and trace end-of-life batteries. The startup also said it has executed successful pilots with leading industry players and is forging partnerships across the battery lifecycleโ€”from collection and logistics to disassembly and materials recovery.

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