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Point AI raises $5.3 Mn led by Yali Capital

EntrackrEntrackr · 2h ago
Point AI raises $5.3 Mn led by Yali Capital
Medial

Point AI raises $5.3 Mn led by Yali Capital E-commerce service startup Point AI (formerly Try ND Buy) has raised $5.3 million in a funding round led by Yali Capital. According to an ET report, the funds will be used to enhance Point AI’s product offerings, expand customer acquisition, and support engineering and core operations. Point AI provides artificial-intelligence services to e-commerce companies, helping optimise conversion, reduce returns, and personalise shopping experiences. The platform integrates commerce-data, consumer behaviour signals, and supply-chain inputs into its AI models. The firm aims to work with online retailers, marketplaces, and brand-direct commerce firms. Point AI competes with other AI and analytics firms in e-commerce such as Criteo, Algonomy, and Fractal Analytics, offering a niche by specialising in commerce return-optimisation and pricing. The startup's immediate goal is to secure partnerships with large merchants and marketplaces that face high-volume returns and complex product assortments.

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Deeptech robotics startup Perceptyne raises $3 Mn in seed round

EntrackrEntrackr · 1y ago
Deeptech robotics startup Perceptyne raises $3 Mn in seed round
Medial

Perceptyne, a deep tech AI-first robotics startup, has raised $3 million in its seed round co-led by Endiya Partners and Yali Capital with participation from Whiteboard Capital and notable angels. The proceeds will be used to ramp up product development, customer acquisition, and growth. The firm is working closely with manufacturing giants in automotive and electronics. Founded by Raviteja Chivukula, Jagga Raju Nadimpalli, and Mrutyunjaya Nadiminti, Perceptyne’s products are designed to perform tasks demanding human-like dexterity, such as product assembly & packaging. To accomplish this, the startup is building a vertically integrated full-stack robotics platform centered around AI. Its flagship products, PR-34D and PR-9D, are dual-arm and single-arm robots with integrated computer vision & AI, multi-modal sensing, and highly articulate end-effectors suited for manufacturing/assembly line applications. According to the startup, its integrated approach will help manufacturing companies accelerate robotic automation efforts by dramatically reducing integration time (quarters to weeks) and implementing automation without changes to their assembly lines.

Navanc raises $1 Mn in seed round

EntrackrEntrackr · 10m ago
Navanc raises $1 Mn in seed round
Medial

Fintech startup Navanc has raised $1 million in its seed round led by Prarambh Ventures, with participation from Inflection Point Ventures (IPV), Brigade REAP FirstPort Capital, and marquee angel investors. The proceeds will be directed toward expanding operations across India, with a focus on strengthening Navanc's presence in urban and semi-urban areas. Additionally, the startup will ramp up its AI FinTech capabilities by incorporating Generative AI and Computer Vision models. Founded by Nagachethan S M and Byomkesh Jha, Navanc introduced an AI-powered property score and stack, specifically designed for secured lending and insurance practices. By integrating advanced technologies like AI, IoT, and Blockchain, the firm ensures secure, transparent, and reliable transactions in the proptech sector. Its collateral reporting, powered by its AI and ML models, enhances credit decision-making and portfolio management for the BFSI industry. Currently operating across tiers of cities in about 6 states, Navanc is focused on expanding its reach to all states under its Bharat Vision.

Yali Capital closes maiden deeptech fund at Rs 893 Cr

EntrackrEntrackr · 3m ago
Yali Capital closes maiden deeptech fund at Rs 893 Cr
Medial

Yali Capital closes maiden deeptech fund at Rs 893 Cr Venture capital firm Yali Capital has closed its maiden deeptech focused fund at Rs 893 crore (about $103.2 million). Yali Capital had launched the early stage fund at Rs 810 crore in July last year to back startups operating in the deeptech sector. The fund intends to invest in startups across chip design, robotics, genomics, smart manufacturing, aerospace, and AI sectors, Yali Capital said in a press release. The VC firm has raised capital from corporates such as Infosys, Qualcomm Ventures, the DPIIT Fund of Funds for Startups, and Evolvence, among others. Additionally, TVS Capital founder Gopal Srinivasan, Rare Enterprises chief executive Utpal Sheth, and JM Financial’s managing director Vishal Kampani are among its notable investors. Launched by Ganapathy Subramaniam and Mathew Cyriac, Yali Capital is a SEBI approved Category II AIF and had initially set its target close to Rs 500 crore, with an additional greenshoe option of Rs 310 crore. “China is well ahead in the deeptech space and has overtaken America. India has all the potential, from services to deeptech, but certainly has much distance to cover,” said Ganapathy Subramaniam. Yali Capital has made five investments, including genomics startup 4baseCare, robotics startup Perceptyne Robots, and fabless chip design company C2i Semiconductors. It plans to expand its portfolio to eight companies by the end of the year.

Two Point O Capital raises $6.3 Mn in seed round

EntrackrEntrackr · 1y ago
Two Point O Capital raises $6.3 Mn in seed round
Medial

Climate financing platform Two Point O Capital has raised $6.3 million in its seed round led by Omnivore, with participation from Multiply Ventures, RTP Global, GrowX, Spectrum Impact, and a group of marquee angels. The proceeds will be used to improve its tech-enabled platform for sourcing, financing, and monitoring distributed projects in clean energy sectors, and to hire a top-tier team. Founded in 2024 by Archit Mehrotra, Karan Bhutani, Manya Ranjan, and Shashidhar Reddy, Two Point O Capital offers flexible financing solutions for distributed clean energy projects in the commercial and industrial sectors. The Gurugram-based startup focuses on solar rooftops, energy efficiency, and wastewater treatment, offering leasing and capex financing options. It also plans to collaborate with various operating and financial partners to develop and manage a high-quality portfolio on a platform.

4baseCare raises $6 Mn in Series A round led by Yali Capital

EntrackrEntrackr · 1y ago
4baseCare raises $6 Mn in Series A round led by Yali Capital
Medial

Healthcare startup 4baseCare has raised $6 million in its Series A round led by Yali Capital. As per the company, the proceeds will be used to enhance product offerings and scaling up operations for further expansion across India, as well as other countries in Asia and the Middle East. Founded in 2018 by Hitesh Goswami and Kshitij Rishi, 4baseCare’s offers precision oncology solutions using advanced genomics and digital health technology. Its genomic tests have made a substantial impact across SouthEast Asia, impacting over 10,000 cancer patients. Its genomic-based tests include Indiegene which it claims is the world’s first Indian population specific cancer gene panel for biomarker testing. Over the next few months, 4baseCare will set up genomics laboratories in the Philippines, Nepal, and Dubai. Additionally, it will focus on building genomics and digital health solutions, focusing on advanced data analytics, improved clinical insights, and data-driven treatment recommendations.

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