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PaySense Cofounder’s New Venture Bags $25.5 Mn Seed Funding

Inc42 · 8m ago

PaySense Cofounder’s New Venture Bags $25.5 Mn Seed Funding

Zinc, an edu-wealth startup founded in 2023 by Prashanth Ranganathan, has raised funding led by Nexus Venture Partners. The funding round also included participation from Quona Capital, EDBI, Global Ventures, and Saison Capital. Zinc helps counsel students for overseas education and assists families in investing to meet the rising costs of studying abroad. Ranganathan, who was a co-founder of PaySense, joined PayU Credit as CEO before founding Zinc.

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Former PayU’s exec startup Zinc raises $25.5 Mn in seed funding

Entrackr

Entrackr · 8m ago

Former PayU’s exec startup Zinc raises $25.5 Mn in seed funding

Zinc, an edu-wealth startup founded by former PayU Finance India CEO Prashanth Ranganathan, has raised $25.5 million in its seed round, led by Nexus Venture Partners with participation from Quona Capital, EDBI, Global Ventures, and Credit Saison. According to the company, the funds will be used to drive product innovation and expand offerings, focusing on global investment tools, AI-powered university counseling, and cross-border payment solutions to help families secure their children’s futures. Zinc aims to address the rising costs of overseas education by building a financial foundation tailored specifically for this purpose. Its proprietary AI-powered edu-counselor platform, Ada, provides comprehensive support and guidance to young Indian aspirants. The company offers global investment tools that enable parents to expand their savings into international markets, helping them build financial plans for their children’s education while mitigating currency fluctuation risks. Zinc has also secured RIA (Registered Investment Advisor) license approval from SEBI and in-principle approval for the PSP (Payment Service Provider) license. The company has applied for a brokerage license from the International Financial Services Centres Authority (IFSCA) in GIFT City. Ranganathan, previously the founder of Paysense, which was acquired by PayU in 2020, joins the ranks of several second or third time startup founders who raised more than $20 million in their seed rounds in 2024. According to startup data intelligence platform TheKredible, notable recent seed rounds include blockchain startup Avail ($27 million), Lyskraft, Mukesh Bansal’s new venture ($26 million), and generative AI startups EMA and Nesya, which raised $25 million and $20 million, respectively. Wealthtech startup Centricity and elder care startup Primus Senior Living also raised $20 million each, marking strong seed-stage funding activity.

Renewed smartphone brand ControlZ Bags $3 Mn To Boost Automation, Product Stack

Inc42 · 1y ago

Renewed smartphone brand ControlZ has secured $3 million in seed funding to enhance its automation capabilities and establish advanced testing labs. The funding round was co-led by 9 Unicorn and Venture Catalysts and involved a combination of debt and equity infusion. ControlZ specializes in the refurbishment of pre-owned devices, both cosmetically and functionally, increasing their lifecycle. The company aims to offer consumers pre-owned devices that look and function like new. The funding comes at a time when the Indian smartphone market is experiencing growth, with major global players expanding their presence in the country.

Neysa Bags $30 Mn To Fuel Its GenAI Adoption

Inc42 · 8m ago

Neysa Bags $30 Mn To Fuel Its GenAI Adoption

Neysa, a startup, is set to utilize its recent funding to bolster its AI infrastructure, research and development efforts, and prepare for the launch of its GenAI acceleration cloud service. The company is focused on collaborating with various partners in the global system integration, cloud services, and AI software sectors. Notably, Neysa raised $20 million in seed funding around six months ago, with contributions from investors such as Matrix Partners India, Nexus Venture Partners, and NTTVC.

AI-Powered Childcare Management Startup illumine Bags $2.5 Mn

Inc42 · 28d ago

AI-Powered Childcare Management Startup illumine Bags $2.5 Mn

Illumine, an AI-powered childcare management startup, has raised $2.5 million in seed funding from Prime Venture Partners. The funds will be utilized for product development and global expansion. The company aims to focus on innovation, empower educators, and assist childcare owners in scaling their businesses. Previously, Illumine had raised $800,000 in angel investments from undisclosed investors. This latest investment marks a significant step in enhancing its platform and international reach.

Atomicwork Bags $3 Mn To Boost Workflow Automation For Enterprises

Inc42 · 9m ago

Atomicwork Bags $3 Mn To Boost Workflow Automation For Enterprises

HRtech startup Atomicwork has raised an additional $3 million in seed funding from over 40 investors, including industry veterans and C-suite executives. This brings the total funding raised by the company to $14 million. The new funds will be used to further develop their AI-driven service management solutions and expand their presence in the United States.

Neysa Bags $20 Mn To Accelerate GenAI Adoption For Enterprises

Inc42 · 1y ago

Neysa Bags $20 Mn To Accelerate GenAI Adoption For Enterprises

Mumbai-based AI cloud and platform-as-a-service startup Neysa has raised $20 million in seed funding. The funding round was led by Matrix Partners India, Nexus Venture Partners, and NTTVC. Neysa plans to use the funds to expand its Gen AI-cloud platform-as-a-service offerings and enhance observability tools for both Indian and global markets. The company was founded in 2023 and provides generative AI platforms and services to assist clients in managing their AI projects. Neysa also aims to release its services in Q3 2024. The demand for AI-native cloud platforms is expected to grow, and Neysa is well-positioned to capitalize on this trend.

Highperformr.AI Bags $3.5 Mn To Give An AI Boost To B2B Marketing

Inc42 · 1y ago

Highperformr.AI Bags $3.5 Mn To Give An AI Boost To B2B Marketing

Chennai-based marketing software startup Highperformr.AI has raised $3.5m in a seed funding round led by Venture Highway. The firm was founded by former Freshworks executives Ramesh Ravishankar and Srivatsan Venkatesan and uses AI to help B2B companies maximise their ROI from social media campaigns. The funding will be used to further research and development, build native AI capabilities, and expand the distribution network. The company has also launched its first product, Highperformr for Teams, which aims to streamline social media workflows for B2B companies. The GenAI space in India is projected to grow to $17bn by 2030, up from $1.1bn in 2023.

MapMyCrop bags $1.8 Mn in seed round

Entrackr

Entrackr · 4m ago

MapMyCrop bags $1.8 Mn in seed round

MapMyCrop bags $1.8 Mn in seed round Farm management software MapMyCrop has raised $1.8 million in a seed funding round led by YourNest Venture Capital along with participation from other angel investors, including Eaglewings Ventures. The funding comes as part of the YourNest-SanchiConnect Velocity Program 2024. The startup had previously raised an undisclosed amount in the same round from Startup Wise Guys and others. The proceeds will be used to expand operations, close pilot orders, strengthen the sales & operations team, and advance the platform’s technology, MapMyCrop said in a press release. Launched in 2021 by Swapnil Jadhav and Rajesh Shirole, MapMyCrop is a first 360-degree imagery agro suite, centralising critical agricultural data into a single, user-friendly platform. The platform aims to make precision farming accessible to farmers of all scales. It combines satellite imagery, IoT, and AI-driven insights to help farmers and enterprises monitor, predict, and optimise crop health with unmatched precision. MapMyCrop states that it currently supports over 4.7 million farmers globally and collaborates with organisations such as the US FDA on crop monitoring and sustainability initiatives. It is also planning to launch new solutions, including an AI-based farm credit score tool and a dedicated forest monitoring system. MapMyCrop aspires to penetrate emerging markets in Africa, Latin America, and Southeast Asia while deepening its presence in the US and Europe. The company is also working on localised solutions for different regions, addressing specific agricultural challenges with tailored AI-driven insights. According to market research, the agritech market is estimated to reach $45 billion globally by 2028. MapMyCrop claims to be a first complete 360-degree imagery agro suite, which includes five suites: onboarding, crop monitoring, detection, prediction, and sustainable agriculture add-ons. Its onboarding suite offers automated crop field boundary delineation, crop type detection, and a historical data repository for easy land use comparison.

Beyond Snack bags $8.3 mn; Dr. Doodley, Revivo get pre-seed cheques

VCCircle

VCCircle · 6m ago

Beyond Snack bags $8.3 mn; Dr. Doodley, Revivo get pre-seed cheques

Beyond Snack, a banana chips maker, raised $8.3 million in Series A funding led by 12 Flags Group and others, aiming to expand globally and innovate products. Pet healthcare startup Dr. Doodley secured pre-seed funding to expand its veterinary services, while laundry service Revivo received pre-seed investment from Inflection Point Ventures to enhance technology and branding. Beyond Snack operates in 12 countries and seeks further growth, and Dr. Doodley serves 2,000 customers recently.

Gyaan AI bags $7.8 mn, rebrands to MaxIQ

Inshorts · 4m ago

Gyaan AI bags $7.8 mn, rebrands to MaxIQ

Agentic AI startup Gyaan AI has rebranded itself as MaxIQ and also raised about $7.8 mn in a seed funding round led by Dell Technologies Capital, along with participation from Intel Capital. The Pune-based startup will use the fresh capital to scale operations, boost product innovation and expand its leadership team.

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