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Sugar.fit raises $5 Mn more in Series A led by B Capital

EntrackrEntrackr · 1y ago
Sugar.fit raises $5 Mn more in Series A led by B Capital
Medial

Sugar.fit, a healthtech focused on type 2 diabetes and prediabetes, has raised $5 million more in its Series A round led by B Capital with participation from MassMutual Ventures and existing investors including Tanglin Venture Partners, Endiya Partners, and Cure.fit (now Cult.fit). In October last year, the startup had raised $11 million in its Series A round led by MassMutual Ventures. The new capital will be used to expand Sugar.fit’s technology stack and product range, increase brand presence, and speed up research and development in diabetes management, the company said in a press release. Founded by Madan Somasundaram, Sugar.fit offers a diabetes care program that combines innovative technology with personalized human interventions. Diabetes doctors and nutritionists use devices such as continuous glucose monitors, fitness trackers, and health diagnostics to monitor the real-time impact of users’ lifestyles on their glucose levels. In the last 18 months, the brand claims to have witnessed significant growth in paid subscribers, currently serving more than 30,000 users on its platform. The brand has also established an omnichannel presence, starting in Bengaluru, and now operates seven diabetes clinics with doctors in diabetes care across the city.

Deeptech robotics startup Perceptyne raises $3 Mn in seed round

EntrackrEntrackr · 10m ago
Deeptech robotics startup Perceptyne raises $3 Mn in seed round
Medial

Perceptyne, a deep tech AI-first robotics startup, has raised $3 million in its seed round co-led by Endiya Partners and Yali Capital with participation from Whiteboard Capital and notable angels. The proceeds will be used to ramp up product development, customer acquisition, and growth. The firm is working closely with manufacturing giants in automotive and electronics. Founded by Raviteja Chivukula, Jagga Raju Nadimpalli, and Mrutyunjaya Nadiminti, Perceptyne’s products are designed to perform tasks demanding human-like dexterity, such as product assembly & packaging. To accomplish this, the startup is building a vertically integrated full-stack robotics platform centered around AI. Its flagship products, PR-34D and PR-9D, are dual-arm and single-arm robots with integrated computer vision & AI, multi-modal sensing, and highly articulate end-effectors suited for manufacturing/assembly line applications. According to the startup, its integrated approach will help manufacturing companies accelerate robotic automation efforts by dramatically reducing integration time (quarters to weeks) and implementing automation without changes to their assembly lines.

ICON raises $1.2 Mn in seed round from DSG Consumer Partners, others

EntrackrEntrackr · 1y ago
ICON raises $1.2 Mn in seed round from DSG Consumer Partners, others
Medial

ICON, an internet-first direct-to-consumer luggage and travel accessories (LTA) startup, has raised $1.2 million in its seed round led by DSG Consumer Partners with participation by a clutch of angel investors. The proceeds will be used to ramp up ICON’s existing product line, expand its team, strengthen its distribution network, and boost its innovative portfolio. Founded by Mohammad Patel, Poojan Shah, Fazal Lakhani, and Aakash Mehta, ICON’s product portfolio consists of hard luggage, backpacks, and handbags. The tiro’s previous venture MyFitness was acquired by Mensa Brands in 2022. Through innovative products, ICON aims to capitalise on the post-pandemic travel renaissance, which is driving a luggage revolution. As per an industry report, the Indian tours and travel industry is poised for a growth of 12–15% in fiscal 2025, and the Indian luggage market is estimated to be Rs 20,000 crore where branded players are expected to make up about 54% of the market.

Navanc raises $1 Mn in seed round

EntrackrEntrackr · 8m ago
Navanc raises $1 Mn in seed round
Medial

Fintech startup Navanc has raised $1 million in its seed round led by Prarambh Ventures, with participation from Inflection Point Ventures (IPV), Brigade REAP FirstPort Capital, and marquee angel investors. The proceeds will be directed toward expanding operations across India, with a focus on strengthening Navanc's presence in urban and semi-urban areas. Additionally, the startup will ramp up its AI FinTech capabilities by incorporating Generative AI and Computer Vision models. Founded by Nagachethan S M and Byomkesh Jha, Navanc introduced an AI-powered property score and stack, specifically designed for secured lending and insurance practices. By integrating advanced technologies like AI, IoT, and Blockchain, the firm ensures secure, transparent, and reliable transactions in the proptech sector. Its collateral reporting, powered by its AI and ML models, enhances credit decision-making and portfolio management for the BFSI industry. Currently operating across tiers of cities in about 6 states, Navanc is focused on expanding its reach to all states under its Bharat Vision.

Peak XV’s Surge leads $3.5 Mn seed round in The Health Factory

EntrackrEntrackr · 11m ago
Peak XV’s Surge leads $3.5 Mn seed round in The Health Factory
Medial

High protein and nutrition bread brand The Health Factory has raised $3.5 million in its seed round led by Surge, Peak XV’s scale-up program for early-stage startups. Kartik Mehta, Ali Tambawala, and Sunil Tulsiani have also participated in the round. Earlier in August 2022, the Mumbai-based brand had raised a Rs 2 crore seed round led by Venture Garage, Vikas Nahar, Happilo, and other marquee angels. The proceeds will be used to ramp up its product development and research and development (R&D) initiatives, enabling the creation of new product segments. Founded by Vinay Maheshwari, the Health Factory is a food and brewery brand that produces a portfolio of products including various kinds of protein breads. Apart from its subscription-based distribution, the company uses online ordering platforms such as Swiggy, Amazon, and BigBasket. It also has a presence in a few pockets of Pune and leverages offline retail stores across Mumbai for distribution.

Eccentric Engine raises $5 Mn in pre-Series A round

EntrackrEntrackr · 7m ago
Eccentric Engine raises $5 Mn in pre-Series A round
Medial

Eccentric Engine, a 3D tech partner for automotive players, has raised $5 million in its pre-Series A round co-led by Exfinity Venture Partners and Arkam Ventures. This marks the first external funding for the company. The proceeds will be used to expand Eccentric’s global footprint and to ramp up further development of its proprietary One3D platform. Founded in 2012 by Gaurav Rane and Varun Shah, Eccentric developed One3D, a real-time 3D rendering platform tailored for online retail experiences for automotive OEMs and dealerships. One3D is designed specifically for enterprises, ensuring easy integration into all OEM workflows, including their dealership operations. It brings in optimization in the 3D pipeline that allows auto brands to demonstrate 3D omnichannel expertise with speed and accuracy to market. Its clients include Maruti Suzuki, Tata Motors, Toyota, Hyundai, and Stellantis, among others.

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