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Runo, BluWheelz, Nikitek pocket early-stage cheques

VCCircle

VCCircle · 1y ago

Runo, BluWheelz, Nikitek pocket early-stage cheques

Call management CRM startup Runo has raised $1.5m in pre-Series A funding from investors Unicorn India Ventures and Callapina Capital. Founded in 2019, Runo offers a mobile SIM-based outbound call management CRM that integrates with popular CRM platforms and lead sources. The company plans to use the funds to expand its senior management team and extend its presence in the US, Canada, and the Middle East and North Africa region. Electric vehicle fleet management firm Bluwheelz has raised $1m in a bridge round from investors including Venture Catalysts, while baggage handling tech company Nikitek secured an undisclosed investment from IT infrastructure firm Netcon Technologies.

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Venture Catalysts leads $1 Mn bridge round in BluWheelz

Entrackr

Entrackr · 1y ago

Venture Catalysts leads $1 Mn bridge round in BluWheelz

Tech-enabled delivery company BluWheelz has raised $1 million in a bridge funding round led by Venture Catalysts. The round also saw participation from FAAD, LetsVenture, and Chakra Growth Fund. Founded by Apoorva Ranjan Sharma, BluWheelz operates in 18 cities with a fleet solution covering two-wheelers, three-wheelers, and four-wheelers. The startup claims to have a fleet base exceeding 1,200 vehicles, and operations in presence in over 18 cities. It works with vehicle OEMs like Eicher-Volvo and Tata Motors, and has strategic alliances for charging and parking infrastructure. That said, Venture Catalysts invests between $250,000 and $2 million in early-stage startups. The cumulative valuation of the startups invested by Venture Catalysts is over $10 billion.

Early-stage venture funding bounces back but Series A cheques far below the peak

VCCircle

VCCircle · 3m ago

Early-stage venture funding bounces back but Series A cheques far below the peak

Early-stage venture capital funding for Indian startups has rebounded, reaching pre-pandemic levels with nearly one startup receiving funding every eight hours in the first three months of the year, according to VCCEdge data. However, Series A funding amounts remain significantly below their peak. Although funding activity surged during 2021-22, current Series A investments have yet to return to those highs, indicating some caution among investors despite the overall improvement in early-stage funding momentum.

Consint.AI, Spintly bag early-stage cheques

VCCircle

VCCircle · 7m ago

Consint.AI, Spintly bag early-stage cheques

Consint.AI and Spintly have secured early-stage funding to expand their operations. Consint.AI, a healthcare insurance fraud and risk management platform, raised ₹5 crore to enhance its AI-driven solutions and infrastructure. The funds will support scaling operations and developing its AI Feature Suite. Spintly, specializing in access control and smart building solutions, secured ₹3.5 crore to expand its market presence and enhance its technology through AI and machine learning. Both companies aim to advance their innovative solutions.

Probus, Healthfab, Agrilectric bag early-stage cheques

VCCircle

VCCircle · 5m ago

Probus, Healthfab, Agrilectric bag early-stage cheques

Probus, Healthfab, and Agrilectric have secured early-stage funding. Probus, focused on smart grid technologies, raised $5 million in a Series A round led by Unicorn India Ventures. Healthfab, known for reusable period panties, raised $1 million in a pre-Series A led by Mistry Ventures. Agrilectric secured $100,000 for developing electric-powered farming solutions. These firms aim to utilize the funds to enhance product development, market reach, and technological advancements in their respective sectors.

Guestara, NumberOne, Flo Mobility bag early-stage cheques

VCCircle

VCCircle · 7m ago

Guestara, NumberOne, Flo Mobility bag early-stage cheques

Guestara, NumberOne Academy, and Flo Mobility have secured early-stage investments. Guestara, an AI-driven guest management platform, raised $500,000 to enhance product development and expand hotel partnerships. NumberOne Academy received Rs 3 crore to broaden its business course offerings in regional languages. Construction robotics company Flo Mobility received seed funding to expand internationally, hire talent, and advance construction automation solutions. These startups aim for growth in their respective sectors with the new investments.

Babynama, PlaySuper, three others pocket early-stage cheques

VCCircle

VCCircle · 6m ago

Babynama, PlaySuper, three others pocket early-stage cheques

Babynama, PlaySuper, Astra Security, Sisters in Sweat, and Basil Alliance have secured early-stage funding to expand their operations and growth strategies. Babynama, a paediatric care platform, garnered $700,000 led by Good Capital. PlaySuper, a gaming commerce company, raised $500,000 to expand its market reach. Astra Security, a cybersecurity firm, secured funds to enhance AI capabilities. Sisters in Sweat and Basil Alliance also obtained undisclosed investments to broaden their presence and offerings in respective markets.

GalaxEye, CynLr, Heliware secure early-stage cheques

VCCircle

VCCircle · 9m ago

GalaxEye, CynLr, Heliware secure early-stage cheques

Spacetech startup GalaxEye, deeptech robotics startup CynLr, and 3D geospatial platform Heliware have secured early-stage funding. GalaxEye raised $10 million in a Series A funding round, allowing them to accelerate the development of their satellite mission for delivering high-resolution, all-weather data. CynLr raised $10 million in a Series A round, which will be used to expand their team and research capabilities. Heliware secured $0.5 million in pre-Series A funding to support the launch of their new products. These investments will further the growth and development of these innovative companies.

HairOriginals, Mealawe, Fitspire, three others net early-stage cheques

VCCircle

VCCircle · 6m ago

HairOriginals, Mealawe, Fitspire, three others net early-stage cheques

HairOriginals, Mealawe, and Fitspire are among the startups that have secured early-stage funding. HairOriginals raised $5 million to expand try-at-home services and R&D. Mealawe, focusing on homecooked meals, garnered $1 million to expand to new cities. Fitspire secured the same amount to enhance its market presence. Quicklend, with its new financial product, raised Rs 6.75 crore. Meanwhile, Presage Insights and Origamis AI also obtained funding to scale operations and technology.

Hala Mobility, Mihup, Viraa Care bag early-stage cheques

VCCircle

VCCircle · 9m ago

Hala Mobility, Mihup, Viraa Care bag early-stage cheques

EV-as-a-Service startup Hala Mobility, conversation intelligence platform Mihup, and health-tech startup Viraa Care have secured early-stage funding. Hala Mobility raised INR 51 crore ($6.8 million) in pre-Series A funding to expand its electric vehicle fleet and footprint in India. Mihup secured INR 50 crore ($6.7 million) to accelerate its growth and enter new markets. Viraa Care raised $108,000 in pre-seed funding to develop a comprehensive childcare system focused on infant nutrition.

Zeelab, Cancrie, Raaz, Exsure, Spare8 bag early-stage cheques

VCCircle

VCCircle · 6m ago

Zeelab, Cancrie, Raaz, Exsure, Spare8 bag early-stage cheques

Zeelab Pharmacy, Cancrie, Raaz, Exsure, and Spare8 recently secured early-stage funding to support expansion and technological development. Zeelab raised $2.4 million to enhance retail and delivery operations. Cancrie acquired $1.2 million for scaling production and R&D in energy storage. Raaz obtained $1 million for platform enhancement and outreach. Exsure raised Rs 3 crore for global expansion in biotech solutions. Spare8 received undisclosed funds to broaden its fintech offerings and expand its distributor network in India.

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