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ProFinTech raises $1.4 Mn in a seed round

EntrackrEntrackr · 1y ago
ProFinTech raises $1.4 Mn in a seed round
Medial

Fintech startup ProFinTech Technologies has raised $1.4 million in a seed round co-led by HNIs and the family office of K.I. Varaprasad Reddy, Rahul Gedupudi, Sreeman Chalasani & Srinivas Kalagara, and others. The proceeds will be used to accelerate its growth and introduce innovative solutions to the market, ProFinTech said in a press-release. Co-founded in 2022 by Ravi Tanniru and Sandeep Kunkunuru, ProFinTech leverages data-backed trade recommendation and financing fulfillment engines to enable MSMEs to secure funding through a user-friendly interface, eliminating the complexities often associated with traditional financing apps and documentation processes. It addresses major hurdles for small businesses seeking quicker and simpler funding options. The Hyderabad-based company aspires to strengthen partnerships with banks and NBFCs to scale their supply chain and trade financing operations. The company is about to introduce new product features and enhancements designed to further benefit MSMEs, helping them scale their businesses. ProFinTech is incubated at T-Hub, Hyderabad, and operates from T-Hub’s Machine Learning and Artificial Technology Hub (MATH) Centre of Excellence in Hyderabad. ProFinTech claims that it has introduced several products including automated financing recommendations, transaction-level credit readiness scores, zero processing fees, and live-transaction funding.

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Jobizo raises $1.4 Mn led by Alkemi Growth Capital

EntrackrEntrackr · 10m ago
Jobizo raises $1.4 Mn led by Alkemi Growth Capital
Medial

Jobizo raises $1.4 Mn led by Alkemi Growth Capital Healthcare HRtech firm Jobizo has raised $1.4 million in its pre-series funding round led by Alkemi Growth Capital. This investment follows the $500,000 seed funding round led by AROA Ventures in 2022. The proceeds will be used to create 100,000 healthcare jobs in India and 3,000 jobs abroad within the next 18 months and aims to complete 10 million job hours over time. Co-founded by Naveen Trehan and Avishek Agarwal, Jobizo is an AI-powered platform that connects employers with skilled professionals. The platform has contributed to over 10 million additional patient care hours in India. By using its expanding investor network and market expertise, Jobizo aims to create a welcoming environment for the workforce and tackle skill gap issues. Post seed round, Jobizo's growth claims to have grown over 500%, facilitated over 20,000 jobs in India and international countries, and helped fill over 10 million job hours.

Edgistify raises $1.4 Mn from NB Ventures and Rajesh Ranavat

EntrackrEntrackr · 5d ago
Edgistify raises $1.4 Mn from NB Ventures and Rajesh Ranavat
Medial

Edgistify raises $1.4 Mn from NB Ventures and Rajesh Ranavat Warehousing and fulfilment partner Edgistify has raised $1.4 million in a pre-Series A funding round co-led by NB Ventures and Rajesh Ranavat, with participation from PhysicsWallah co-founder Prateek Maheshwari, Vivek Gaur, Vikram Tandon, and other angel investors. The Mumbai-based company had previously raised $1.63 million in a seed funding round from Sterling Auxiliaries and others. The proceeds will be channelled towards onboarding more high-growth brands, advancing AI-led orchestration through EdgeOS, and expanding fulfilment depth across Tier-2 and Tier-3 markets, Edgistify said in a press release. Co-founded in 2017 by Umang Shukla, Antim Suman, and Kamal Kishore Kumawat, Edgistify is an AI-driven warehousing and fulfilment partner that aims to build India’s most trusted and intelligent supply chain backbone. Powered by its proprietary platform, EdgeOS, the company unifies warehousing, order management, transportation, and on-ground operations into one seamless execution ecosystem. EdgeOS integrates WMS, OMS, FMS, last-mile, and internal operations intelligence into a single orchestration layer. Edgistify designs fulfilment models tailored to each brand’s exact requirements, boosting speed, reducing costs, and enhancing customer experience. The platform addresses challenges such as PO errors, multi-channel fragmentation, unpredictable replenishments, and city-wise operational inconsistency. Edgistify operates a significant warehouse network across North, South, East, and West India, enabling deliveries to over 27,000 pin codes nationwide. With a large customer base, the company primarily works with businesses in FMCG, beauty, electronics, pharma, and quick commerce. According to its website, it serves more than 1 lakh daily orders, has over 75 integrations, a presence across more than 50 cities, over 100 warehouses, and has worked with more than 50 customers.

OneTab AI raises $3.3 Mn in seed round

EntrackrEntrackr · 11m ago
OneTab AI raises $3.3 Mn in seed round
Medial

OneTab AI raises $3.3 Mn in seed round Workplace SaaS startup OneTab AI has raised $3.3 million (Rs 28.6 crore) in its seed round co-led by LIT Fund and Orbit. The round also saw participation from a Singapore-based family office, SOSV, Sunil Kumar Singhvi and the company’s founders. The proceeds will be used to ramp up the development and deployment of OneAsk, its AI agent designed to manage the entire software development life cycle (SDLC). Founded in November 2023 by Saket Dandotia, Sonal Dandotia, and Alok Patil, OneTab integrates project management, communication, API development, CI/CD, and AI-driven automation into a single platform, addressing inefficiencies in traditional tools like Slack and Asana. Its proprietary LLMs, OneGPT and OneCode, enable AI-powered project management, coding assistance, and automation while ensuring data privacy through private hosting. Its flagship AI agent, OneAsk streamlines workflows into a single intelligent platform, enabling developers, project managers and businesses to work more efficiently.

Piston closes $7.5 Mn seed round led by Spark Capital

EntrackrEntrackr · 7m ago
Piston closes $7.5 Mn seed round led by Spark Capital
Medial

Piston closes $7.5 Mn seed round led by Spark Capital Fintech startup Piston has closed its seed round at $7.5 million. The latest $6.1 million round was led by Spark Capital, with participation from Pear VC and BOND. It follows a $1.4 million pre-seed raised via the PearX accelerator. The proceeds will be used to expand go-to-market efforts and continue building its network across the US. Shivam Shah leads the India presence, with all engineering and parts of operations and customer success based there. Founded by former fleet operators Vikram Sekhon and Shivam Shah, Piston replaces card-based systems with a direct payment infrastructure that connects fleet drivers and fuel stations. The platform uses a QR-code-based system to link payments to vehicle, time, location, and fuel data, while stations connect directly to Piston’s network without hardware upgrades or intermediaries. Piston currently works with over 120 fleets and 800 gas stations, processing more than $20 million in annualized volume with a 50% monthly growth rate. Its headquarters is in Cupertino, with additional operations in Lehi and a 25-member engineering and operations hub in Kolkata, which is expected to double in size over the next year.

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