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OpenCFO raises $2 Mn in round led by Endiya Partners

EntrackrEntrackr · 13h ago
OpenCFO raises $2 Mn in round led by Endiya Partners
Medial

AI fintech startup OpenCFO has raised $2 million in its first institutional funding round led by Endiya Partners. The round also saw participation from angel investors based in the United States and India. The proceeds will be used to expand its engineering team, accelerate development of automation agents for financial workflows, and scale customer acquisition in markets such as the United States, India, the United Kingdom, the European Union, and Canada. Founded by Prudhvi Rao Shedimbi and Sankalp Singayapally, OpenCFO is building an AI-native financial operations platform for mid-market companies. The platform integrates accounts payable, accounts receivable, and treasury workflows into a single system powered by AI agents. The firm connects ERPs, banking systems, and payment infrastructure to automate finance operations such as invoice processing, reconciliation, cross-border payments, and treasury management. Its platform can automate invoice processing workflows and optimize cross-border treasury operations. Early pilots indicate that the system can reduce foreign exchange costs and improve settlement times for international payments. The startup operates across the US and India and focuses on mid-market companies managing global operations.

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AquaExchange raises $8 Mn in Series B round at $41 Mn valuation

EntrackrEntrackr · 1d ago
AquaExchange raises $8 Mn in Series B round at $41 Mn valuation
Medial

AquaExchange raises $8 Mn in Series B round at $41 Mn valuation Aquaculture technology startup AquaExchange has raised $8 million (around Rs 72 crore) in its Series B funding round, co-led by Endiya Partners and Factor Analytics, with participation from Accion Ventures and support from Ocean 14 Capital. According to filings, the round was co-led by Endiya Partners and Factor Analytics, with investments of Rs 30 crore each, followed by Accion Ventures, which invested Rs 12 crore. AquaExchange's valuation has surged around 74% to Rs 372 crore (approximately $41 million) in the latest round, compared to Rs 214 crore during its Series A funding in January 2024. The fresh capital will be used to expand its international technology business, grow domestic market share, and strengthen its presence across the aquaculture value chain. Endiya Partners holds a 16.2% stake, followed by Accion Venture with 9.68% and Factor Analytics with 8.06%. Founded by Pavan Kosaraju, Hemasundar Dhavili, Kareem Mohammod, and Kiran Bandi, AquaExchange helps aquaculture farmers leverage technology to improve crop yields, reduce crop risks, and manage rising input costs. Its product portfolio includes PowerMon, a power management device, and AquaBot, an automated feed management system. The company claims to be the first aquaculture technology firm in India to automate more than 25% of the country’s shrimp farming acreage. Its platform currently monitors over 80,000 acres of aquaculture farms globally and operates across five Indian states, along with international markets such as Ecuador, Saudi Arabia, and Madagascar. The company’s operating revenue rose 2.3X to Rs 240.51 crore in FY25 from Rs 104.88 crore in FY24, while its losses increased to Rs 12.71 crore from Rs 9.35 crore during the same period. The company also claims to achieve EBITDA profitability within the current financial year.

Sugar.fit raises $5 Mn more in Series A led by B Capital

EntrackrEntrackr · 1y ago
Sugar.fit raises $5 Mn more in Series A led by B Capital
Medial

Sugar.fit, a healthtech focused on type 2 diabetes and prediabetes, has raised $5 million more in its Series A round led by B Capital with participation from MassMutual Ventures and existing investors including Tanglin Venture Partners, Endiya Partners, and Cure.fit (now Cult.fit). In October last year, the startup had raised $11 million in its Series A round led by MassMutual Ventures. The new capital will be used to expand Sugar.fit’s technology stack and product range, increase brand presence, and speed up research and development in diabetes management, the company said in a press release. Founded by Madan Somasundaram, Sugar.fit offers a diabetes care program that combines innovative technology with personalized human interventions. Diabetes doctors and nutritionists use devices such as continuous glucose monitors, fitness trackers, and health diagnostics to monitor the real-time impact of users’ lifestyles on their glucose levels. In the last 18 months, the brand claims to have witnessed significant growth in paid subscribers, currently serving more than 30,000 users on its platform. The brand has also established an omnichannel presence, starting in Bengaluru, and now operates seven diabetes clinics with doctors in diabetes care across the city.

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