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Tech startup Plane raises $4 Mn in Seed round

EntrackrEntrackr · 1y ago
Tech startup Plane raises $4 Mn in Seed round
Medial

Plane, an open-source project management platform, has secured $4 million in a Seed round funding from OSS Capital. This investment will fuel the company’s community growth and compete in the enterprise segment. The firm has also announced the launch of Plane One, a first-in-open-source pricing plan for self-managed instance owners at growing companies. Designed for both new and existing Plane admins at these companies, Plane One addresses top requested features for easier instance governance, security, and performance. Founded in November 2022, by Vamsi Kurama and Vihar Kurama, Plane aims to simplify projects by being flexible and easy to use for teams of all sizes across industry verticals. With its first-principles approach to modern project management and strong user growth, Plane is poised to reshape the way businesses manage their projects and workflows. The company is headquartered in Delaware and India. OSS Capital is a venture capital firm specialising in early-stage investments in commercial open-source software. It has backed startups like Wasmer, BlueSky, CrabNebula, and Formbricks, among others.

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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.

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

EntrackrEntrackr · 1m 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.

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.

EcoEx raises $4 Mn in seed funding round

EntrackrEntrackr · 23d ago
EcoEx raises $4 Mn in seed funding round
Medial

EcoEx raises $4 Mn in seed funding round Sustainable waste management solutions startup EcoEx has secured $4 million in a seed funding round co-led by Dovetail Global Fund PCC, Navbharat Investment Fund, and Narnolia Velox Fund along with participation from other investors. The proceeds will be utilized for technology enhancement, talent acquisition, expansion, and strengthening clean technology solutions as it scales its newly launched Waste Commodity App, EcoEx said in a press release. Co-founded in 2020 by Nimit Aggarwal and Akshaya Rath, EcoEx offers expertise in waste collection, waste commodity trading, and EPR services. Bulk waste generators and certified recyclers can do transactions to achieve ethical disposal and compliance norms by using technology tools such as EPR Pro, B2B E-marketplace and mobile apps. “We are on track to cross $20 million in transaction value in FY 25–26, transforming Waste into both a climate and economic opportunity,” said Nimit Aggarwal, founder and Director, EcoEx. Since its inception, EcoEx claims that it has enabled PIBOs to secure over 1 million metric tonnes EPR credits through CPCB-certified recyclers. Through its mobile app, it introduces real-time tracking, secure digital payments, and e-auction capabilities to streamline digital commodity trade. The app has boarded over 3,000 recyclers or collectors across India. The other notable players in this space are Recykal and Recircle.

Admission startup Ambitio raises $2 Mn in seed round

EntrackrEntrackr · 7m ago
Admission startup Ambitio raises $2 Mn in seed round
Medial

Admission startup Ambitio raises $2 Mn in seed round Admissions startup Ambitio has secured $2 million in a seed funding round led by BLinC Invest along with participation from Ritu Bapna and other investors. Prior to this, the startup raised $187K in the same round from First Cheque and others. The fresh funds will be used to invest in technology and scale distribution channels, Ambitio stated. Co-founded in 2022 by Dirghayu Kaushik and Vikrant Shivalik, Ambitio is an AI-driven admissions platform leveraging over 10 million data points to provide a personalized admissions experience. It aims to match students to best-fit universities using real admission data. Ambitio claims successful admissions in top colleges like Harvard, Stanford, Columbia, and Oxford. It plans to help over 500,000 students access global education in the next two years and competes with startups such as Yocket, Gradvine, and MiMEssay.

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