News on Medial

Related News

Business-payments platform Pazy raises pre-seed funding round

EntrackrEntrackr · 7m ago
Business-payments platform Pazy raises pre-seed funding round
Medial

Pazy, a Bengaluru-based integrated business-payments platform for finance teams, has raised Rs 6 crore (about $720K) in a pre-seed funding round led by Inuka Capital along with participation from Gemba Capital. The proceeds will be used to expand product capabilities, deepen ecosystem integrations, and scale the platform to Rs 10,000 crore in annual spend under management over the next year, Pazy said in a press release. Co-founded in 2023 by Pratik Chhajed and Devyanshu Shukla, Pazy aims to transform how businesses manage their non-payroll payments, including vendor payouts, reimbursements, and tax-related transactions, on a unified platform. The platform integrates all three segments, helping finance teams process invoices faster, reclaim more input tax credit, and eliminate human-led errors that can derail financial operations. Trusted by leading enterprises across sectors, such as BFSI, media, retail, and manufacturing, Pazy facilitates payments worth hundreds of crores every month for clients, including Plum Insurance, WhiteGold, Keka, Fibe, and Sprinto, amongst others. “At Pazy, our vision is to develop a ‘gravity product’ that flawlessly unifies all business transactions. We’re working towards becoming the single operating system for our clients’ financial operations, enabling greater clarity, control, and efficiency while minimizing manual effort and errors. The pre-seed funding will fuel our efforts to scale annual spend under management to Rs 10,000 crore over the next 12 months,” said Pratik Chhajed, Co-Founder and CEO, Pazy. Pazy claims that finance teams using Pazy close books 10× faster, reclaim up to 7% extra input-tax credit, and gain real-time visibility into every rupee of spend.

Genovation Solutions raises $150K in pre-seed round

EntrackrEntrackr · 4m ago
Genovation Solutions raises $150K in pre-seed round
Medial

Genovation Technological Solutions, a deeptech startup focused on building privacy-first AI systems, has raised $150,000 in a pre-seed round at a $6 million valuation. The round saw participation from six individual investors and one foreign institutional investor. The funds will be used to accelerate product development, expand the team, scale market presence, and strengthen R&D. Genovation aims to deliver Agentic AI solutions designed for high-stakes environments such as defence, healthcare, manufacturing, and finance, helping enterprises improve decision-making and efficiency at a fraction of the global cost. Founded in 2021 by Anurita Das, Genovation has developed Mentis, the subcontinent’s first Made-in-India, privacy-first Agentic AI platform. Unlike conventional generative AI, Mentis can operate seamlessly across cloud, on-premise, and fully offline environments, eliminating reliance on external APIs and ensuring data security. The system interprets natural language queries, delivers citation-backed insights, and provides downloadable reports and source code for full transparency and auditability. Genovation’s business model focuses on offering enterprise-ready AI systems at 15x lower costs compared to global players while ensuring complete privacy. Its lean, cost-efficient model enables accessibility for enterprises across sectors while maintaining scalability and compliance. Competing with global AI leaders, Genovation differentiates with original IP, two pending patents, acceptance into NVIDIA’s Inception accelerator, and an India-first cost advantage.

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