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Sports-tech startup Spolto raises $1 Mn in seed round

EntrackrEntrackr · 1y ago
Sports-tech startup Spolto raises $1 Mn in seed round
Medial

Sports-tech startup Spolto has raised $1 million (nearly Rs 8.4 crore) in a seed round led by Andrew Johnston and others. The proceeds will be deployed towards scaling its services and reaching more urban communities, Spolto said in a press-release. Co-founded in 2021 by Safa Soltani and Divesh Nathani, Spolto aims to empower sports across urban India. The platform offers access to a wide array of sports, from tennis and swimming to badminton and gymnastics, it is also offering new-age games like pickleball. The startup aspires to foster grassroots sports development and recreational skill-building, making sports an integral part of everyday life for urban Indians. According to Spolto, it is about to enhance its digital presence, addressing the needs of the new-age Indian consumer. With a focus on accessibility and convenience, it intends to become the go-to platform for sports skill development in India’s urban centers. The Pune-based company claims that it has established partnerships with over 1,200 coaches and academies across 12 sports in Maharashtra since inception.

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

EntrackrEntrackr · 25d 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.

Stupa Sports Analytics raises Rs 28 Cr in pre-Series A round

EntrackrEntrackr · 1y ago
Stupa Sports Analytics raises Rs 28 Cr in pre-Series A round
Medial

Sportstech startup Stupa Sports Analytics has raised Rs 28 crore in its pre-Series A round led by Centre Court Capital and PeerCapital. Earlier to this pre-Series A round, Stupa had raised Rs 7.5 crore in seed and pre-seed funding. The proceeds will be used to fuel its talent acquisition, global expansion, and product enhancement initiatives. The latest fund pool will also be deployed to attract top AI/ML and engineering talent to build advanced solutions. The fund will also power Stupa’s ambitions to expand globally into markets like the US, UK, Australia, and the Middle East while expanding its existing presence in regions like Europe and Asia. Founded by Megha Gambhir, Stupa Sports Analytics offers a comprehensive suite of AI-driven solutions for advanced analytics of player performance data, broadcasting capabilities and sports digitization tools for athletes, sports federations, broadcasters and fan communities worldwide. Stupa claims to have established over 15 strategic partnerships with key governing bodies and sports federations, primarily in Europe.

Contrails AI raises $1 Mn in pre-seed round from Huddle Ventures and IAN Group

EntrackrEntrackr · 13d ago
Contrails AI raises $1 Mn in pre-seed round from Huddle Ventures and IAN Group
Medial

Contrails AI raises $1 million in pre-seed round from Huddle Ventures and IAN Group. Trust and safety-tech AI startup Contrails AI has raised $1 million in a pre-seed funding round co-led by Huddle Ventures and IAN Group. The fresh funds will be used to fuel the US and EU pilots running across industries such as marketplaces, media houses, financial firms, and leading digital platforms, Contrails said in a press release. Co-founded by Digvijay Singh and Amitabh Kumar, Contrails AI aims to safeguard internet companies in the age of GenAI. The company delivers solutions trusted by marketplaces, media houses, financial services, and global digital platforms. According to the Bengaluru-based startup, it combines deep-tech innovation with multimodal AI expertise to engineer a compliance-ready safety infrastructure that safeguards digital ecosystems globally. By partnering with the companies in services and technology, the startup aspires to drive adoption of trust & safety solutions while building an interconnected, secure digital ecosystem. Contrails’s proprietary forensics and manipulation detection AI delivers real-time analysis with layered explainability, enabling platform review teams to detect, assess, and act on threats proactively. The platform tackles the threat of cyber crimes with a multimodal approach across video, image, audio, and text, merging fraud detection with forensic DNA analysis and global data expertise. As per market research, from 500,000 in 2023 to 8 million in 2025, deepfake files have grown 16-fold and due to phishing attacks resulted in losses of $17,700 every minute.

Social media startup Hunch raises $23 Mn in Series A round

EntrackrEntrackr · 1y ago
Social media startup Hunch raises $23 Mn in Series A round
Medial

Social media startup Hunch has raised $23 million in a Series A funding round led by Alpha Wave and South Korea-based Hashed Emergent. The Dubai-headquartered company will use the funds to strengthen tech infrastructure, improve feed personalisation and accelerate its expansion into the US and Indian markets. It already has offices in India and Singapore. Previously, the firm scooped up $3 million in a seed round in June 2022. Founded in 2022 by Ish Goel, Hunch allows users to create polls that attract votes and comments on various topics, like pop culture, gaming, finance, dating, relationships, anime etc. The polls abridge a curiosity gap, allowing users to validate their own opinions and find like-minded individuals. Hunch claims to record over 1.15 lakh polls, attracting more than 1 crore opinions through user votes across the nation. As per the company, nearly 85% of its user base is in India, with the rest coming from the US. In a statement to the media, Goel said that the firm is looking to scale up to the low single-digit millions of MAUs over the next 12 months with 40% to 50% of that user base coming from the US. Hunch is the second Indian-origin founder-led startup that has a base in Dubai and raised funding in 2023. Last week, Fashinza co-founder Jamil Ahmad’s proptech startup Marrfa announced its pre-seed round led by Berlin-based VC firm Foundamental.

Sports-tech startup KhiladiPro secures $1Mn in pre-seed round

EntrackrEntrackr · 4m ago
Sports-tech startup KhiladiPro secures $1Mn in pre-seed round
Medial

Sports-tech startup KhiladiPro secures $1Mn in pre-seed round Sports tech platform KhiladiPro (KPro) has raised approximately $1 million in a pre-seed funding round co-led by Shastra VC and MGA Ventures. The round also witnessed participation from prominent family offices and angel investors, including M Pallonji, Jeena and Co., Ayaz Billawala, Nimesh Kampani and Jaimin Bhat. The fresh funds will be used to accelerate the development of its proprietary AI models, expand reach in domestic markets, and enhance support systems for young athletes across the country, KhiladiPro said in a press release. Launched in August 2023 by Utkarsh Yadav, KPro is a Visual AI sports tech platform that aims to democratize access to athletic talent discovery and development in India. The company enables mobile-based, standardized sports assessments which deliver expert-level feedback to young athletes across schools and academies. According to the Bengaluru-based startup, its flagship products include sports ability tests for badminton & cricket, the Khiladi Ability Index (KAI) which places all users on a unified rating scale, KPro Olympiad for schools, and Khiladi Klub for high-potential youth athletes. With over 56 in-house AI models built ground-up and partnerships with institutions like DLCL, Karnataka Badminton Association, and Handball Association of India, KPro aims to build an inclusive, Olympic-aligned, and digitally empowered athletic ecosystem for the next generation. According to market research, India's sports technology market is projected to reach $1,479.2 million by 2033. KPro's flagship products—Kpro SAT and the Khiladi Ability Index (KAI)—is a first AI-powered benchmark for youth fitness and movement intelligence. Grounded in global frameworks like Fundamental Motor Skills (FMS) and Long-Term Athlete Development (LTAD), KAI enables early identification of athletic potential and supports personalized growth trajectories for children.

Billion Hearts raises $4 Mn in new round

EntrackrEntrackr · 11m ago
Billion Hearts raises $4 Mn in new round
Medial

Mayank Bidawatka, co-founder of the vernacular microblogging platform Koo, has raised $4 million for his new consumer tech startup, Billion Hearts, in a funding round led by early-stage venture capital firm Blume Ventures. The round also saw participation from General Catalyst and Athera Venture Partners. The startup had closed a ~$250K pre-seed round from the founders of redBus, Ola, InMobi, and Myntra, among others in September this year. The proceeds will be used to build a global team and enhance its technology, emphasizing that the team will remain small since it is focused on creating a tech-driven product. It also plans to expand its team to 15 by early next year. The startup is currently accepting sign-ups. The first product is slated to launch its beta in early next year for a select few users. The app will be available on both Android and iPhone devices. Vernacular microblogging platform Koo shut down its operations in July this year amid no traction and follow-up investment. The company was also looking for a merger and acquisition deal but failed to find a buyer.

Optimo Loan raises $10 Mn seed in round

EntrackrEntrackr · 1y ago
Optimo Loan raises $10 Mn seed in round
Medial

MSME-focused lending-tech startup Optimo Loan has raised $10 million in its seed round led by Blume and Omnivore, with additional contribution from Optimo’s founder, Prashant Pitti. The proceeds will be used to expand its operations, enhance its technology, recruit new talent, and broaden its presence to 20 locations in rural India by the end of this year, the startup said in a press release. Founded by Pitti, Optimo facilitates access to quick, easy, and flexible financing options for MSMEs. It supports businesses in investing in new technologies, increasing liquidity, and ensuring business continuity. The startup actively contributes to local job creation, economic growth, and community development. The startup is also building a co-lending platform for MSMEs with a unique underwriting method. This approach allows Optimo to gain deeper insights into the financial health of MSMEs, enabling informed lending decisions and catalyzing entrepreneurship and economic growth in rural communities. That said, early-stage India-focused venture fund Blume Ventures invests in seed and pre-Series A rounds in tech-led startups. It is presently investing via its Fund IV, a $300 million vehicle supported by institutional LPs and family offices. Following the close of Fund IV, Blume now has an AUM (Assets Under Management) of over $600 million.

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