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SatLeo Labs raises $3.3 Mn in pre-seed round Merak Ventures

EntrackrEntrackr · 8m ago
SatLeo Labs raises $3.3 Mn in pre-seed round Merak Ventures
Medial

SatLeo Labs, a spacetech company focused on thermal imaging from Low Earth Orbit (LEO), has raised $3.3 million in its pre-seed funding round led by Merak Ventures, with Huddle Ventures. GVFL, Java Capital, IIMA Ventures, PointOne Capital, and angel investors Manish Gandhi and Dheer Baldua have also participated. The proceeds will be used for SatLeo’s proprietary thermal imaging payload, team expansion, regulatory approvals, and infrastructure enhancements. Founded by Ranendu Ghosh and Shravan Bhati, SatLeo Labs is developing high-resolution thermal and visible imaging systems to deliver actionable data for applications in agriculture, energy, urban planning, and strategic surveillance. The Ahmedabad-based startup is building a dual-band, fused multispectral imaging system aimed at creating scalable solutions across climate-sensitive sectors. The platform estimates that its technology can help mitigate risks linked to climate change, including crop loss and wildfires, and contribute to emission reduction goals and sustainable development outcomes.

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Wearable startup NeoSapien raises $2 Mn in seed round led by Merak Ventures

EntrackrEntrackr · 17d ago
Wearable startup NeoSapien raises $2 Mn in seed round led by Merak Ventures
Medial

Wearable startup NeoSapien raises $2 Mn in seed round led by Merak Ventures AI wearable startup NeoSapien has raised 2 million dollars (Rs 18 crore) in a seed funding round led by Merak Ventures, with participation from a group of prominent angel investors, including Pixxel founder Awais Ahmed, Anupam Mittal, boAt co-founder Sameer Mehta, Namita Thapar, Aprameya Radhakrishna, and others. The Bengaluru-based startup had previously mopped up $92.4K from Namita Thapar and other investors. The fresh capital will be used to accelerate product development, enhance market visibility, and strengthen the team across functions, NeoSapien said in a press release. Co-founded in 2024 by Dhananjay Yadav and Aryan Yadav, NeoSapien is a next-generation AI company shaping the future of wearable intelligence. Its flagship product, Neo 1, is an AI-native wearable designed to transform everyday conversations into actionable insights. The startup aims to create a new category in personal technology, one that blends adaptive intelligence with human intuition. Neo 1 acts as a Personal AI Assistant, or a “second brain.” The always-on device builds persistent memory, reasons over time, and proactively surfaces insights at the right moment without demanding constant attention. Supporting more than 100 languages, it combines advanced contextual intelligence with hardware innovation, enabling users to capture, process, and organize everyday conversations and actions in real time. NeoSapien says it aims to build the operating system layer for all AI assistants — from glasses and pendants to watches and rings. Its NeoCore SDK will also enable businesses to build applications on top of this core intelligence layer. Managed by Manu Rikhye and Sheetal Bahl, Merak Ventures is a sector-agnostic early-stage venture fund that invests in companies solving real problems and creating large-scale impact in the B2B and emerging technology sectors.

Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC

EntrackrEntrackr · 6m ago
Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC
Medial

Gully Labs raises Rs 8.7 Cr in seed round led by Zeropearl VC Sneaker brand Gully Labs has raised Rs 8.7 crore in a seed funding round — comprising Rs 7.6 crore in equity and Rs 1.1 crore in venture debt. The equity round was led by Zeropearl VC along with participation from Untitled Ventures, Atrium Ventures, and other prominent angel investors including Bounce co-founder & CEO Vivekananda Hallekere, Suhasini Sampath, Nishchay AG, Renee Cosmetics founder Ashutosh Valani, Anurag Ramadasan, and Rahul Seth, while Stride Ventures led the debt investment. Prior to this, the company had secured Rs 1.1 crore in equity during its pre-seed round in 2024. The fresh capital will be deployed towards diversifying the product mix, expanding sales channels, and opening physical retail stores, Gully Labs said in a press release. Co-founded in 2023 by Arjun Singh and Animesh Mishra, Gully Labs crafts handmade sneakers, blending premium materials with culturally rich design stories — from Phulkari-embroidered trainers to Onam-inspired silhouettes. Gully Labs sells its products through its website and in select partner stores across Indian metros. The company plans to build a larger production facility, broaden its product line across diverse sneaker styles, and deepen its reach across India and global markets. It also plans to launch exclusive retail outlets as part of its omni-channel strategy.

Amicco raises $1 Mn in seed round led by Eximius

EntrackrEntrackr · 8m ago
Amicco raises $1 Mn in seed round led by Eximius
Medial

Amicco, a B2B marketplace for auto spare parts, has raised $1 million in its seed funding led by Eximius Ventures, with participation from FJ Labs and other investors. The proceeds will be used to expand its network of independent garages, improve its tech platform, and strengthen its go-to-market efforts. Founded in 2024 by Vivek Aalok, Amicco helps garages access spare parts more easily, with better pricing and faster delivery. Vivek, who has previously worked on Wall Street and at Spinny, launched Amicco after seeing first-hand the inefficiencies in the auto aftermarket. Currently active in Gurugram, Amicco plans to scale to more cities across India. Its technology focuses on reducing downtime, improving customer service, and bringing transparency to a highly fragmented industry. Eximius Ventures, the lead investor in this round, is a pre-seed stage venture fund known for backing early-stage startups across fintech, SaaS, healthtech, gaming, and online media. Some of its notable portfolio companies include Jar, STAN, Skydo, and Eka.care.

OneTab AI raises $3.3 Mn in seed round

EntrackrEntrackr · 10m 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.

Space tech startup Akashalabdhi raises $1.2 Mn in pre seed round

EntrackrEntrackr · 3m ago
Space tech startup Akashalabdhi raises $1.2 Mn in pre seed round
Medial

Snippets Space tech startup Akashalabdhi raises $1.2 Mn in pre-seed round The proceeds will be used to develop ANTARIKSHAB, an expandable space habitat designed for orbital logistics, microgravity experiments, space habitation, and defense applications. Akashalabdhi, a space tech startup developing expandable space habitats and dual-use defense technologies, has raised $1.2 million in a pre-seed funding round from Uday Chatterjee, Romesh Sobti, Suraj Nalin, LVX, 1Crowd, and Riceberg Ventures. "Our vision is clear. We want to put India at the forefront of orbital infrastructure and space habitation by innovating dual-use technologies. The successful close of our pre-seed funding round is a significant milestone that brings us closer to this goal. With the support of our investors, we are one step closer to making ANTARIKSHAB a global reality,” said Siddharth Jena, Founder of Akashalabdhi. Incubated at FSID, Indian Institute of Science (IISc), and TIDES, IIT Roorkee, and supported by KickSky Accelerator, the company leverages research and mentorship to transform visionary concepts into scalable solutions.

AbleCredit raises seed round led by Merak Ventures

EntrackrEntrackr · 1y ago
AbleCredit raises seed round led by Merak Ventures
Medial

AI credit underwriting company AbleCredit has raised $1.25 million or about Rs 10 crore in its seed round led by Merak Ventures. The round also saw participation from Venture Catalysts and Helios Holdings (Suraj Nalin). This is the fourth investment from Merak Ventures this year. The proceeds will be used to scale its AI operations, along with business growth and expansion, AbleCredit said in a press release. Founded by Utkarsh Apoorva, Harshad Saykhedkar, Ashwini Prabhu, and Anubhab Bandyopadhyay, the startup is developing generative AI models with voice, vision and language capabilities that function like an AI Assistant to the credit team and can generate credit reports on a case to case basis, while adhering to the Credit Policy and guidelines. AbleCredit’s model can be used even in the informal sector, which forms a bulk of new-to-credit customers, and is extremely data scarce. With this model, AbleCredit claims to have effectively increased underwriting speed by over 20x and decreased underwriting costs by enhancing the throughput of credit processes by 12x. Early-stage venture capital firm Merak Ventures had launched a $100 million fund in November 2022 with plans to invest in up to 20 startups over the next three to four years.

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