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RePut.ai closes $1 Mn in pre-seed round led by GrowthCap Ventures

EntrackrEntrackr · 6m ago
RePut.ai closes $1 Mn in pre-seed round led by GrowthCap Ventures
Medial

RePut.ai, a supply chain solutions provider, has raised $1 million in a pre-seed funding round led by GrowthCap Ventures. The funding round also saw participation from angel investors, including Anshul Sharan (Founder of Elevate), Abhijeet Kumar (Founder of Table Sprint), Harshit Panday, Satish Shetty, Vidya Sridharan, Munendra Singh, Srihari Sahu, Preeti Sagtani, Dr. Biju Jacob, Anand Tiwari, KK and Vishal Jain of Deloitte, among others. Founded by Anuj Bishnoi, Rohit Mahatma, and Amit, RePut.ai empowers brands to validate, market, and scale their sustainability efforts. Its platform ensures businesses achieve global sustainability goals by providing actionable insights for tracking and reducing carbon emissions, driving recycling initiatives, and transitioning towards a circular economy. The Bengaluru-based startup claims to have already deployed successful pilots, generating early revenues and enabling manufacturers to trace their footprints, promote sustainability, and achieve measurable growth.

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Atomicwork closes Seed round at $14 Mn

EntrackrEntrackr · 9m ago
Atomicwork closes Seed round at $14 Mn
Medial

B2B SaaS startup Atomicwork has raised an additional $3 million in its seed round from Abhinav Dhar, ex-CIO of TransUnion, Prasad Ramakrishnan, CIO and technology leader, Avanish Sahai, former ecosystem leader at Salesforce, ServiceNow, and Google Cloud and Rich Waldron, CEO of Tray. The firm’s existing investors like Storm Ventures, Z47 (formerly Matrix Partners), Blume Ventures, and Neon Fund also participated in the round. This is the second tranche of its seed round. In September last year, Atomicwork had raised $11 million led by Blume Ventures and Matrix Partners India. With this, the total funding for the startup stands at $14 million. The proceeds will be used for enterprise AI agent technology, fuel the firm’s GTM team expansion in the United States over the next three years, the company said in a press release. Founded in September 2022 by Vijay Rayapati, Kiran Darisi, and Parsuram Vijayasankar, Atomicwork provides software that automates workflows under the information and technology (IT), human resources (HR), finance, and other business functions. It helps companies instantly help their employees by collecting tribal knowledge from across the organization – stored in docs, wikis, information systems, email threads, and chat conversations. Previously, Rayapati had founded Minjar which raised $2 million before getting acquired by US-based publicly-listed cloud infrastructure company Nutanix for about $50 million. Blume also invested in Minjar’s initial funding round. Darisi and Vijayasankar were part of the founding team of SaaS unicorn Freshworks.

Exclusive: Fintech startup CheQ closes new round at $6.7 Mn

EntrackrEntrackr · 1y ago
Exclusive: Fintech startup CheQ closes new round at $6.7 Mn
Medial

Credit card bill payment management platform CheQ has secured Rs 18.5 crore (around $2.2 million) additional proceeds in its extended seed round. This is the second tranche of the round for the Bengaluru-based company. The new tranche came after a month of its $4.5 million extended series round. Entrackr was the first to report the development last month. The board at CheQ has passed a resolution to allot 6,855 Seed 1 CCPS at an issue price of Rs 26,988.91 each to raise Rs 18.50 crore, its regulatory filings accessed from the RoC shows. Lloyd Dizon and Zenaida Dizon Balajadia invested Rs 4.16 crore each while Sherpalo LLC (a venture by Ram Shriram), Hitesh Gupta, and Amit Lakhotia participated with Rs 8.32 crore, 10 lakhs, and 25 lakhs respectively. As per filings, the company will use these funds for growth, expansion, marketing, and general corporate purposes as decided by the board. According to startup data intelligence platform TheKredible, the company has been valued at around Rs 460 crore or $55.4 million (post-money) after the fresh tranche of the extended seed round. Founded in 2022 by Aditya Soni, CheQ helps customers simplify the discovery and management of all credit products and allows you to pay your credit card bill, and EMI on a single platform. The startup has raised over $17 million to date including its $10 million seed round led by Venture Highway and 3one4 Capital in June 2022. CheQ remained a pre-revenue stage firm with a revenue of only Rs 2 crore during the fiscal year ended March 2023. However, the losses for the three-year-old firm stood at Rs 19.4 crore in the same period. CheQ competes with fintech unicorn CRED which has secured around $1 billion to date and was valued at $6.4 billion in its last fundraise. According to the startup data intelligence platform TheKredible, it posted Rs 1,400 crore in revenue with a loss of Rs 1,347 crore during FY23.

Aeravti Ventures leads $1 Mn round in Origin Fresh

EntrackrEntrackr · 5m ago
Aeravti Ventures leads $1 Mn round in Origin Fresh
Medial

Snippets Aeravti Ventures leads $1 Mn round in Origin Fresh Fresh produce brand Origin Fresh has secured $1 million in a pre-seed funding round led by Aeravti Ventures, with participation from a group of Ultra HNIs. New Update Fresh produce brand Origin Fresh has secured $1 million in a pre-seed funding round led by Aeravti Ventures, with participation from a group of Ultra HNIs. The fresh funds will be utilized to enhance the delivery network and support the development of cutting-edge infrastructure, Origin Fresh said in a press release. Co-founded in 2020 by Prashanth Vasan and Sidharth Raveendran, Origin Fresh delivers farm-fresh, untouched produce directly to customers' doorsteps, eliminating middlemen to offer unbeatable prices and uncompromising quality. The startup is committed to encouraging consumers to prioritize freshness and quality over speed, fostering a thoughtful approach to meal planning and healthy living. According to the Bengaluru-based company, by delivering farm-fresh, high-quality produce, it aims to enhance culinary experiences and promote overall well-being, inspiring a movement that celebrates the richness and nourishment of fresh produce. The brand promises delivery from farm to home within 12 hours. Origin Fresh claims that it has surpassed 5,000 orders within the first 40 days of launch, with over 60% of customers placing repeat orders within two weeks. The company has earned strong trust for its quality and freshness. It focuses exclusively on fresh produce and has carved a niche among health-conscious consumers, boasting an extensive catalog of over 250 items, including a wide range of exotic options.

Piston closes $7.5 Mn seed round led by Spark Capital

EntrackrEntrackr · 1m 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.

GrowthCap leads $1.85 Mn in pre-seed round in Spense

EntrackrEntrackr · 1m ago
GrowthCap leads $1.85 Mn in pre-seed round in Spense
Medial

Spense, a Bengaluru-based startup building programmable banking and card infrastructure, has raised $1.85 million in its pre-seed round led by GrowthCap Ventures. Kunal Shah (founder, CRED), Sayandeb Banerjee (co-founder, The Math Company), Suresh Rayasam (Head of Applied AI for GTM), Ravi Sudhakar (Director, AI Global Business Strategy, Microsoft), among others have also participated. According to Spense, the funds will be used to onboard additional banks, grow fintech partnerships, and expand the product and technology stack to support more use cases beyond credit cards. Founded by Pawan Kumar (former head of Applied Science at Uber India) and Srinivas Krishnamurthy (former Technical Lead at BNP Paribas), Spense provides infrastructure for secured credit cards, prepaid cards, and forex programs. The platform is designed to support financial institutions with regulatory oversight and integration capabilities for new credit products. Spense is currently used by regulated entities to launch and manage secured credit programs. The company’s infrastructure enables faster go-to-market timelines and auditability while integrating with legacy systems.

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