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Product design startup Figr raises $2.25 million from Kalaari Capital, others
Economic Times
·
9m ago
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
Entrackr
·
9m ago
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 Figr’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.
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Figr, ZenStatement, Swara Fincare, three others bag funding
VCCircle
·
9m ago
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.
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Figr leveraging AI in product design process raises $250K from Antler India
IndianStartupNews
·
1y ago
Medial
Bengaluru-based startup FIGR has secured $250,000 in a pre-seed funding round led by Antler India. FIGR uses AI to streamline the product design process, acting as a co-pilot for design teams. The funds will be used for platform development, expanding the engineering team, and training generative design models. FIGR aims to unify the design process and make it more accessible, with over 30,000 users and 100,000 design research queries already. Antler India sees potential in FIGR's innovative approach to the design discoverability space.
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Deconstruct raises Rs 65 Cr from L’Oréal’s VC fund BOLD and others
Entrackr
·
6m ago
Medial
Deconstruct raises Rs 65 Cr from L’Oréal’s VC fund BOLD and others Deconstruct, a D2C skincare brand, has secured Rs 65 crore ($7.7 million) in funding from L’Oréal’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.
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Audit Saas startup AuditCue raises $1.5M led by Kalaari Capital
IndianStartupNews
·
1y ago
Medial
Chennai-based startup AuditCue has raised $1.5 million in a seed funding round led by Kalaari Capital. The funding will be used for product development, expanding the engineering team, and entering new markets. AuditCue aims to transform the risk and audit experience for auditors and auditees, speeding up audit cycles and improving process resiliency. The company plans to target regulated markets and disrupt the global audit and GRC market.
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Portl Bags $3 Mn From Bharat Innovation Fund To Scale Up At-Home Fitness Play
Inc42
·
1y ago
Medial
Digital fitness startup Portl raised $3M (INR 25 Cr) in a round led by Bharat Innovation Fund, with participation from Kalaari Capital and T-Hub Foundation. The funds will enhance product development, market expansion, and AI capabilities. Founded in 2021, Portl designs personalized fitness routines using its AI motion engine, Portl Studio. The startup aims to broaden its product range and customer base, both in India and internationally.
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AI chip startup Tenstorrent lands $100M investment from Hyundai and Samsung
TechCrunch
·
1y ago
Medial
Tenstorrent, an AI hardware startup led by engineering expert Jim Keller, has secured $100 million in a convertible note funding round, co-led by Hyundai Motor Group and Samsung Catalyst Fund. Hyundai Motor and Kia will contribute $50 million to jointly develop chips for mobility vehicles and robots. The total funding includes participation from Samsung Catalyst, Fidelity Ventures, Eclipse Ventures, Epiq Capital, Maverick Capital, and others. Tenstorrent plans to use the funding for product development, AI chiplets design, and machine learning software roadmap. The company focuses on AI processors and licensing AI software solutions based on RISC-V architecture.
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ShopClues co-founder Radhika Ghai’s startup kindlife.in raises $8 Mn in Series A
Entrackr
·
11m ago
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 Kindlife’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 India’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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Energy storage startup AmpereHour Energy raises $5 million from Avaana Capital
Economic Times
·
4m ago
Medial
AmpereHour Energy, a Mumbai-based energy storage startup, secured $5 million from Avaana Capital and others to enhance manufacturing, R&D, and product development. Founded by IIT Bombay alumni, the company specializes in battery energy storage systems for power infrastructure. Serving clients like Amazon and Siemens, it plans to expand its power storage capacity from 50 MWh to 1 GWh in 18 months. The funds will also support geographical expansion to markets like the UAE, Oman, and Nigeria.
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Deeptech startup Maieutic Semiconductor raises $4.15M from Endiya Partners, Exfinity Venture Partners
YourStory
·
22d ago
Medial
Maieutic Semiconductor, a deeptech startup specializing in analog integrated circuit design, secured $4.15 million in seed funding from Endiya Partners and Exfinity Venture Partners. The company plans to use the funds to expand its engineering team and accelerate product development. Maieutic aims to revolutionize semiconductor design using AI to shorten design cycles and improve efficiency, positioning its solutions for essential applications in communications, automotive systems, and industrial electronics.
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