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Piper Serica Angel Fund leads $1 Mn round in DesignX
Entrackr
·
8m ago
Medial
Shopfloor hyper-automation company DesignX has raised $1 million in a pre-Series A funding round led by Piper Serica Angel Fund. The Noida-based company previously raised $300,000 in equity from Modular Capital, Accel, and select manufacturing industry investors in 2021. According to a press release, the new funds will be used to expand its Df-OS platform in key markets, including APAC, Japan, and Europe, as well as to achieve lighthouse status by focusing on AI-driven analytics and sustainability. Co-founded in 2015 by Rajat Srivastava and Nishant Srivastava, DesignX specializes in hyper-automation for manufacturing shop floors. Its flagship Df-OS platform helps lighthouse factories improve productivity and sustainability through real-time data analytics, benefiting sectors such as automotive, FMCG, and consumer electronics by reducing waste and lowering carbon footprints. DesignX aims to transform manufacturing with minimal infrastructure investment, drawing parallels to the transformative impacts of UPI and 4G technologies. The Df-OS platform addresses outdated processes and inadequate infrastructure by significantly reducing the time and cost associated with modernizing factory processes, allowing manufacturers to adapt quickly to contemporary demands. According to market research, the factory process application market is experiencing substantial growth, currently valued at approximately $34 billion annually. DesignX claims to have partnered with major industry players such as Unilever, Hero MotoCorp, and Dabur. Over the last three years, it reports having digitized over 10,000 processes across more than 500 factories, connecting over 1,400 machines in real time and securing over 405 customers.
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Rupeeflo raises $1 Mn from Piper Serica
Entrackr
·
5m ago
Medial
Rupeeflo raises $1 Mn from Piper Serica Fintech startup Rupeeflo has raised $1 million in funding in a pre-seed round led by Piper Serica Angel Fund. Fintech veterans including Ravi Shankar (co-founder of Active AI), Kishore Natarajan, and Kedar Kulkarni (co-founder of Hyperverge) also participated in the maiden round. Rupeeflo will use the funding to roll out a full-stack NRI investment platform, introduce instant UPI access, and expand its global presence. Founded in 2024 by Dharmendra Maurya, Ashish Jha, and Manav Bharambe, Rupeeflo streamlines banking and investing for NRIs in India. Starting with the U.S. and U.K., it aims to expand across global NRI hubs. With Rupeeflo, NRIs can now digitally apply for an NRE/NRO account in less than 10 minutes and have easy and paperless access to stock markets, mutual funds, and index funds without regulatory headaches. “We see this as one of the biggest untapped opportunities in fintech. In the USA alone, NRIs have over $300 billion in low-yield savings overseas because investing in India has been too complex. We are fixing the problem so that they can participate in India's future instead of just watching from the sidelines,” said Ashish Jha. Piper Serica is an asset manager investing in India’s public and private markets. It manages a SEBI-registered PMS, advises a Mauritius-based offshore fund, and runs the Piper Serica Angel Fund for early-stage startups, overseeing over Rs 1,000 crore in assets.
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DesignX raises pre-series A funding from Piper Serica Angel Fund
Economic Times
·
8m ago
Medial
Hyper automation company DesignX has secured pre-series A funding from Piper Serica Angel Fund. The company aims to transform global manufacturing with its innovative product, the Df-OS platform, which helps factories improve productivity and sustainability through real-time data analytics. DesignX plans to expand its presence in key markets such as APAC, Japan, and Europe with the fresh funding. The company has already partnered with big industry players like Unilever and Hero Moto. Its goal is to disrupt global manufacturing processes and achieve a 50% share of the factory process application market in the next 7 to 10 years.
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Piper Serica looks to float larger AIF, raises more capital for angel fund
VCCircle
·
1y ago
Medial
Mumbai-based asset manager Piper Serica is increasing the size of its investment vehicle and has raised double the capital for its angel fund. The company aims to launch a larger close-ended investment vehicle than originally planned and has doubled the capital raised for its angel fund. Piper Serica Advisors Pvt Ltd previously announced plans to launch a Rs 250-crore investment vehicle.
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DesignX raises $2 Mn in pre-Series A round led by Rockstud Capital
Entrackr
·
2d ago
Medial
DesignX raises $2 Mn in pre-Series A round led by Rockstud Capital Noida-based DesignX has raised $2 million in a Pre-Series A funding round led by Rockstud Capital, with participation from We Founder Circle, Piper Serica, and existing clients. The proceeds will be used to expand across India and international markets, and to enhance the platform's AI and integration capabilities. Founded in 2015 by engineers Rajat and Nishant Srivastava, the firm offers a digital factory operating system (Df-OS) that digitizes over 600 factory floor processes and integrates with existing ERP, IoT, and enterprise tools to provide real-time operational insights. DesignX currently serves clients including Unilever, Suzuki, Dabur, Hero, and others across sectors like automotive, FMCG, and pharma. It competes with players such as Precog, Infinite Uptime, and Lynkit in the Industry 4.0 and smart manufacturing space.
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MSME Lender Swara Fincare Raises Funds From UC Impower To Double AUM
Inc42
·
9m ago
Medial
- Swara Fincare raises funding from Nexus Venture Partners and Piper Serica Angel Fund. - The company has a presence in Uttar Pradesh, Haryana, Rajasthan, Bihar, and Uttarakhand through 45 branches. - Swara Fincare is an MSME lender with debt support from over 30 financial institutions and banks. - The funding round also includes an internal infusion from Swara Fincare's founders. - The company has three colending partnerships.
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Agri-fintech startup KiVi raises Rs 15 crore in funding
Economic Times
·
1y ago
Medial
Indian agri-fintech startup KiVi has raised ₹15 crore ($2 million) in a seed funding round led by Caspian Leap for Agriculture Fund, Piper Serica Angel Fund, and YAN Angel Fund. The Chennai-based firm, incubated at IIT Madras Research Park, plans to use the funds to enhance its technology platform, expand its presence in more districts, strengthen product offerings and risk capabilities, and obtain an NBFC license. KiVi aims to provide credit and commerce solutions to the underserved farmgate ecosystem, addressing the unique challenges faced by farmers and agri-entrepreneurs.
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Healthcare and insurtech startup FlashAid raises $2.5 Mn
Entrackr
·
1y ago
Medial
Healthcare and insurtech firm Flashaid has raised $2.5 million in its pre-Series A funding round led by Piper Serica Angel Fund and global venture capital firm SOSV. Early-stage investors —Z21 Ventures Fund and ZNL Growth Fund also participated in this round. The proceeds will be used for growth and expansion to six new cities, the company said in a press release. Founded by Manoj Gupta and Gunjali Kothari, Flashaid offers a full-stack health solution with proprietary pre-underwritten products, open APIs, and embedded solutions. Formerly known as EasyAspataal, Flashaid is building an API-first health cover to make health insurance affordable and accessible to common people. It is developing a distinctive channel for retail health plan distribution via a B2B2C platform. Over the last year, the firm claims to have partnered with over 20 platforms to distribute 30,000 health covers and is profitable at the EBITDA level. Currently, it has an ARR (annual run rate) of $1 million and is expected to grow to $10 million ARR in the next two years.
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Flashaid Nets $2.5 Mn To Offer API-First Health Solutions
Inc42
·
1y ago
Medial
Healthcare-focused insurtech startup Flashaid has raised $2.5 million in a pre-Series A funding round co-led by Piper Serica Angel Fund and SOSV. Flashaid offers an API-first full-stack health solution with pre-underwritten products, open APIs, and embedded solutions. The funding will be used for growth and expansion. Flashaid aims to make health insurance affordable and accessible by creating a channel for retail health plan distribution via a B2B2C platform. It has partnered with over 20 platforms to distribute 30,000+ health covers and is expected to reach $10 million in revenue in the next two years. The insurtech market in India is projected to reach $307 billion+ by 2030.
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Crèmeitalia, Rupeeflo, Rubyworks pocket early-stage cheques
VCCircle
·
5m ago
Medial
Cheese products company Crèmeitalia raised Rs 18 crore in Series A funding, led by Amit Jatia Family Office, to scale operations and distribution. Founded in 2017, it aims for a 5x growth within 24 months. Fintech startup Rupeeflo, focusing on NRIs, secured $1 million in pre-Seed funding led by Piper Serica Angel Fund to develop a full-stack investment platform. Flexi-talent financial research platform Rubyworks, co-founded by Nirav Morakhia, raised undisclosed pre-Series A funding to expand and launch its AI-powered platform.
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Astrogate Labs raises $1.3 Mn led by Piper Serica
Entrackr
·
5m ago
Medial
Astrogate Labs raises $1.3 Mn led by Piper Serica Spacetech startup Astrogate Labs has secured $1.3 million in its pre-Series funding led by Piper Serica Angel Fund. The proceeds will be used to accelerate further the development of its laser communication terminals for space and additional use cases in terrestrial and airborne applications, scale operations, and strengthen partnerships with space agencies and defense organizations. Founded by Nitish Singh, Yogeshwaran J, and Subhajit Chakraborty, Astrogate Labs provides technology to improve data downlink for small satellite constellations, helping them transmit data more efficiently to the ground. With over 25,000 small satellites expected to be in orbit by 2030, current radio frequency systems face severe bandwidth limitations and spectrum congestion. Astrogate's laser communication solutions claim to provide a scalable alternative for high-speed up to 10 Gbps, secure data transmission. Astrogate Labs has also received recognition for its technology innovations including DRDO Dare to Dream 4.0 and graduated from the Seraphim Space Accelerator APAC Program in 2023. The Bengaluru-based company has been backed by Speciale Invest, SatSure and Anicut Capital, who provided early funding to support the development of its innovative technology.
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