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Social networking platform Culture raises seed round led by Acuvest Infra

EntrackrEntrackr · 2m ago
Social networking platform Culture raises seed round led by Acuvest Infra
Medial

Social networking platform Culture raises seed round led by Acuvest Infra Social networking platform Culture has raised Rs 2 crore in a seed funding round led by Acuvest Infra. The proceeds will be used to accelerate product development, expand community initiatives, and strengthen safety-focused platform infrastructure, Culture said in a press release. Founded by Anurag Rangineni, Culture enables users to discover and connect through Artificial Intelligence-driven interest-based video matching, allowing conversations to develop organically around shared passions such as music, startups, travel, wellness, and creative pursuits. Culture places strong emphasis on accountability and user safety by using real profiles, phone verification, and Artificial Intelligence-powered moderation that automatically disconnects interactions involving nudity, harassment, or nuisance. The Hyderabad-based startup plans to roll out creator-led Spaces, a feature that allows creators and community leaders to host live discussions, events, and hybrid online-offline experiences. The platform enables ticketed events, targeted event promotion, and long-term partnerships with offline venues such as cafes, clubs, and cultural spaces. According to the company, it is expanding through college activations, cafe and brewery partnerships, creator collaborations, and organic community building initiatives. It plans to scale across major Indian cities before expanding to global markets, with a longer-term roadmap that includes premium subscriptions, creator monetisation tools, and native advertising aligned with user interests. Culture aims to build a global platform where human connection comes before algorithms, and where digital spaces feel less like feeds and more like conversations.

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Payment infra startup Mylapay raises $1 Mn

EntrackrEntrackr · 2m ago
Payment infra startup Mylapay raises $1 Mn
Medial

Chennai-based payment infrastructure startup Mylapay has raised $1 million as part of an ongoing funding round, ahead of its planned Series A raise. The round saw continued backing from CDM Capital and Credit Saison, along with new participation from GrowthCap Ventures, led by Pratekk Agarwaal, and a group of strategic angel investors. Prior to this round, the startup had raised $550,000 in seed funding. With the latest capital infusion, Mylapay is preparing to scale adoption of its acquiring platform and move closer to a full Series A fundraise later this year. The proceeds will be used to strengthen Mylapay’s core payment infrastructure, expand its product stack, deepen integrations with banks and payment aggregators, and support international expansion across the Middle East, Africa, and the US. Founded by Mohanraj Ravi, Mylapay builds backend payment processing systems covering 3DS authorisation, switching, clearing and settlement, and reconciliation. Its platform is certified by major card networks including Visa, Mastercard, and RuPay. Mylapay recently rolled out a unified acquiring platform that allows banks and payment institutions to manage card and UPI acquiring through a single integration. The platform is designed to handle more than 5,000 transactions per second and focuses on compliance-led, modular payment processing.

Grapevine raises $4.1 Mn from Kae Capital, Peak XV, others

EntrackrEntrackr · 16d ago
Grapevine raises $4.1 Mn from Kae Capital, Peak XV, others
Medial

Grapevine raises $4.1 Mn from Kae Capital, Peak XV, others Anonymous social media platform Grapevine has raised $4.1 million in funding from Kae Capital, Peak XV Partners, and Ronnie Screwvala. Entrackr had exclusively reported the development in October last year. Prior to this round, Grapevine had raised $2.6 million in its seed round, led by Peak XV Partners. The proceeds will be used to scale both TAL and Round1. The funding was announced by co-founder Saumil Tripathi, alongside the launch of TAL, an AI-powered talent agent that scans job opportunities and recommends relevant roles to users. Founded by Tripathi, Jainam Talsania, and Shreeyash Dharmadhikari, Grapevine started as a networking platform for corporate and startup employees, enabling anonymous discussions around salaries, hiring, layoffs, and workplace culture. The company also operates Round1, an AI-based interview practice platform that allows users to simulate interviews and receive feedback. Grapevine competes with platforms such as Teamblind, Glassdoor, Fishbowl, Levels.fyi, and Reddit. Disclaimer: Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investors here.

Tax management infra startup Prosperr.io raises $4 Mn led by Jungle Ventures

EntrackrEntrackr · 3m ago
Tax management infra startup Prosperr.io raises $4 Mn led by Jungle Ventures
Medial

AI-led tax management infrastructure startup Prosperr.io has raised $4 million in a seed funding round led by Jungle Ventures. The round also saw participation from Yatra Angel Network, Sadev Ventures, and other investors. The Bengaluru-based company has now raised a total of $5.55 million since its incorporation in 2022. Earlier in August last year, Prosperr had raised $1.55 million in its pre-seed round led by Gokul Rajaram, a board member at Pinterest and Coinbase. The proceeds will be used to accelerate product development, strengthen AI capabilities, and scale its B2B sales operations. The company is also exploring expansion into adjacent areas such as wealth management. Founded by Manas Gond and Dev Kumar, Prosperr.io is building software infrastructure to manage tax planning, compliance, and employee reimbursements for both individuals and enterprises. The platform uses automation and AI to handle deductions, filings, and compliance workflows across salaried users and businesses. For enterprises, Prosperr.io offers tools that automate employee tax benefits, reimbursements, and compliance, reducing manual processing and regulatory risk. On the consumer side, the company operates a subscription-led model that provides ongoing tax planning and advisory, adjusting to changes in income and financial goals. The brand has also expanded its enterprise offering with an AI-powered reimbursement product aimed at simplifying corporate tax operations. Prosperr.io claims strong traction across both segments, with high retention among enterprise clients.

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