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Product design startup Figr raises $2.25 million from Kalaari Capital, others

Economic TimesEconomic Times ยท 8m ago
Product design startup Figr raises $2.25 million from Kalaari Capital, others
Medial

- Product design startup Figr has raised $2.25 million in a funding round led by Kalaari Capital. - The funding will be used to enhance Figr's AI models and expand its product and growth teams. - Figr enables design teams to create UI designs, build wireframes, develop user flows, and establish design systems based on user input. - The platform aims to shorten design timelines and reduce costs by automating repetitive tasks and enabling quick prototyping. - Figr currently has a user base of over 75,000, with 80% of its users outside India. - The startup has raised a total of $2.5 million so far and aims to achieve $1 million in annual recurring revenue within the next year.

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Figr bags $2.25 Mn in seed round led by Kalaari

EntrackrEntrackr ยท 8m ago
Figr bags $2.25 Mn in seed round led by Kalaari
Medial

Bengaluru-based startup Figr has raised $2.25 million in a Seed round led by Kalaari Capital, with participation from Antler, Golden Sparrow, and angel investors. The proceeds will be used to enhance Figrโ€™s core technology, particularly its custom AI models for UI/UX design. Additionally, the company plans to expand its product and growth teams. Founded by Moksh Garg and Chirag Singla, Figr is an AI-powered design platform changing how product teams create user interfaces. It uses advanced AI to transform rough ideas into polished UI designs, enabling teams to work more efficiently and creatively. The brand claims to have over 75,000 signups and processed more than 500,000 queries. Notably, 80% of its users are based outside India, underlining its global appeal. Figr was selected for the Google for Startups Accelerator: AI First cohort and plans to expand its product and growth teams, to reach $1 million in annual recurring revenue within the next year.

Figr, ZenStatement, Swara Fincare, three others bag funding

VCCircleVCCircle ยท 8m ago
Figr, ZenStatement, Swara Fincare, three others bag funding
Medial

- Figr, ZenStatement, Swara Fincare, Humm Care, and Deftouch have successfully raised funding in their respective sectors. - Figr, an AI-powered design platform, secured $2.25 million in Series A funding led by Kalaari Capital. - Sorich, a pharmaceutical packaging company, received a $1 million investment from BizDateUp to optimize production capacity and enhance working capital. - ZenStatement, an AI-powered finance automation and cashflow management platform, raised $1.62 million in seed funding led by 3One4 Capital and Boldcap VC. - NBFC Swara Fincare secured Rs 19.4 crore as part of Series A Funding, aiming to double its assets by the end of the financial year. - Humm Care, a health-tech platform offering employee healthcare benefits, raised an undisclosed amount in a seed round to scale its services and expand its reach. - Deftouch, an Indian game publisher, raised an undisclosed amount in a follow-on round to develop new games and talent for its gaming studio.

Deconstruct raises Rs 65 Cr from Lโ€™Orรฉalโ€™s VC fund BOLD and others

EntrackrEntrackr ยท 5m ago
Deconstruct raises Rs 65 Cr from Lโ€™Orรฉalโ€™s VC fund BOLD and others
Medial

Deconstruct raises Rs 65 Cr from Lโ€™Orรฉalโ€™s VC fund BOLD and others Deconstruct, a D2C skincare brand, has secured Rs 65 crore ($7.7 million) in funding from Lโ€™Orรฉalโ€™s VC fund BOLD, V3 Ventures, and DSG Consumer Partners, with participation from existing investors Kalaari Capital and Beenext. The funds will support product innovation, leadership in sunscreen and serums, the gentle actives space, and expansion into quick commerce and retail. Founded by Malini Adapureddy, Deconstruct offers skincare for all skin types, focusing on products tailored for India's climate. Deconstruct states it saw 1,000% growth in FY25, achieving annualized net revenue of Rs 200 crore, while reducing losses by 33% during FY24.

ShopClues co-founder Radhika Ghaiโ€™s startup kindlife.in raises $8 Mn in Series A

EntrackrEntrackr ยท 11m ago
ShopClues co-founder Radhika Ghaiโ€™s startup kindlife.in raises $8 Mn in Series A
Medial

Kindlife.in, a platform for beauty, wellness and health, has raised $8 million in its Series A round led by JB-Dooeun TK Fund and MIXI Global Investments, with participation from Kalaari Capital and some angel investors. Previously, Kindlife had raised $2.5 million in seed funding from Kalaari Capital, Titan Capital, Java Capital, and others in November 2021. This capital will enable Kindlife to build a strong connection between Korea, Japan, and India, the company said in a press release. Its community includes thousands of beauty creators who share recommendations and take a content-first approach, educating consumers on the latest K-beauty trends. Entrackr had exclusively reported about Kindlifeโ€™s launch back in September 2021. Founded by ShopClues co-founder Radhika Ghai, Vidit Jain, and Manasa Garemella, kindlife uses proprietary AI technology to help Gen Z consumers discover personalised skincare and wellness routines and products. The platform also provides exclusive and priority access to popular and trending global beauty brands, including Korean and Japanese brands. Capitalising on the surging popularity of K-beauty, fueled by the Hallyu wave, Kindlife aims to cater to Indiaโ€™s rapidly growing K-beauty market. In the ongoing calendar year, the firm plans to launch over 20 Korean and Japanese beauty brands on its platform.

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