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Track3D, Mitra, Zivy and Supersquad bag early-stage funding
VCCircle
ยท
11m ago
Medial
Track3D, Mitra, Zivy, and Supersquad have secured early-stage funding. Track3D, an AI-based platform for the construction industry, received $4.3 million in seed funding. Mitra, an FMCG startup, raised Rs 11 crore ($1.3 million) for its direct-to-consumer business. Zivy, a tech startup, raised $1.2 million to develop its personalized co-pilot tool. Supersquad, a creator monetization startup, received Rs 2.1 crore ($250,000) to enhance its technology platform. These investments will support the growth and expansion plans of these companies.
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Zivy raises $1.2 Mn in pre seed round
Entrackr
ยท
11m ago
Medial
Zivy, an AI tool for prioritizing workplace messages and tasks, has raised $1.2 million in a pre-seed funding round co-led by Blume Ventures, Paradigm Shift Capital, iSeed, Everywhere Ventures, Indian Silicon Valley, and Marsshot Ventures. The round also saw participation from angel investors such as Ashwin Bhatnagar, Anand Balaji, Razorpay co-founder Harshil Mathur & Shashank Kumar and Kunal Shah. The proceeds will be allocated towards its product development and expanding its R&D team, Zivy said in a press release. Co-founded in 2023 by Prashanth YV and Vivek Karna, Zivy aims to build a personalized copilot for managers and leads, that helps them stay organized and manage their work more effectively. The platform weeds out the hassles of constant barrage of notifications that can be a significant drain on productivity. It envisions that the key to building high-performing teams lies in making managers more productive. According to Zivy, its initial release integrates directly with Slack, analyzing the context of conversations and tasks. It ensures that only the most urgent and relevant information rises to the top, helping managers stay focused and productive by intelligently categorizing and prioritizing messages.
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Supersquad raises Rs 2.1 Cr in pre-seed round
Entrackr
ยท
11m ago
Medial
Supersquad, a startup focused on creator monetization, has raised Rs 2.1 crore in a funding round led by WLDD. The round also saw contributions from angel investors Nitin Rajput and Jivraj Singh Sachar. The funds will be used to enhance Supersquadโs technology platform and expand its team. Founded in 2024 by Akash Kadyan and Anushrut Khare, Supersquad offers creators a new way to earn income through community-driven travel experiences. Creators can choose a travel destination, set their own price for the experience they host, and create a booking page to promote and sell their trips. Supersquad ensures a seamless experience by partnering with a network of certified tour operators and providing local guides for all trips. The company aims to onboard more creators, build strategic alliances with travel providers, and continually innovate to lead in the creator economy.
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Funding freeze bites into the early stage businesses
Money Control
ยท
1y ago
Medial
In Q3CY2023, venture capital firms showed a preference for investing in newer startups. Late stage startups, including Unicorns, have been more affected by the funding freeze, while early stage investment activity has remained relatively unaffected. However, the funding winter is now impacting the early stage funding segment as well.
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D2C FMCG Startup Mitra Bags Funding From Bestvantage, Others To Bolster Its Supply Chain Capacity
Inc42
ยท
11m ago
Medial
D2C FMCG startup Mitra has raised INR 11 Cr ($1.3 Mn) in a Pre-Series A funding round led by Bestvantage Investments. The company will use the funding to support its expansion plans, including the establishment of a manufacturing unit and strengthening its supply chain. Mitra also aims to explore export opportunities in European markets and participate in strategic government tenders.
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Early-stage venture funding bounces back but Series A cheques far below the peak
VCCircle
ยท
3m ago
Medial
Early-stage venture capital funding for Indian startups has rebounded, reaching pre-pandemic levels with nearly one startup receiving funding every eight hours in the first three months of the year, according to VCCEdge data. However, Series A funding amounts remain significantly below their peak. Although funding activity surged during 2021-22, current Series A investments have yet to return to those highs, indicating some caution among investors despite the overall improvement in early-stage funding momentum.
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Zivy Pockets Funding To Simplify Workplace Tasks Via AI Solutions
Inc42
ยท
11m ago
Medial
AI tool Zivy, founded in 2023, has raised $1.2 million in a Pre-Seed funding round led by Blume Ventures. The funding will be used for product development and expanding the research and development team. Other investors participating in the round included Paradigm Shift Capital, iSeed, Everywhere Ventures, Indian Silicon Valley, Marsshot Ventures, and several angel investors. Zivy's AI technology helps prioritize workplace messages and tasks, aiming to improve organization and efficiency for managers and team leads.
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Accel names new partners; Ideaspring hires a Chiratae exec
VCCircle
ยท
3m ago
Medial
Accel promoted Pratik Agarwal and Rachit Parekh to partners, reflecting their contributions and support for early and growth-stage startups like Niyo and Citymall. Agarwal focuses on early-stage investments, while Parekh sits on growth-stage company boards. Meanwhile, Ideaspring Capital hired Kailashnath MS, a former Chiratae Ventures executive, as a partner. Kailashnath, who heads seed investments, previously led funding for AI and tech startups and focuses on healthcare company investments.
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The need for Pre-Seed VC funds in India
Inc42
ยท
1y ago
Medial
The article discusses the significance of pre-seed funding in the Indian startup ecosystem. Pre-seed funding fills the gap between bootstrapping and seeking traditional seed funding. It supports startups in their early stages by providing financial support, attracting talent, and validating their problem statements. Pre-seed investors require a deep understanding of the market and focus specifically on this stage of a startup's journey. They offer tailored support and guidance to early-stage startups, helping them navigate challenges and drive growth. Pre-seed funding benefits both startups and investors, allowing for early entry, influence on startup direction, potential high returns, and long-term relationships with entrepreneurs.
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Last call for pitch submissions at TechCrunch Early Stage 2024!
TechCrunch
ยท
1y ago
Medial
TechCrunch Early Stage 2024 is hosting "So You Think You Can Pitch," where three founders will present their pitch decks for 4 minutes each in front of expert judges. The event aims to provide valuable feedback to refine pitching skills and attract early customers and funding. The submission deadline is March 22, with selected finalists receiving complimentary event tickets. Applicants must have an MVP, and all submissions will be considered for TechCrunch Disrupt Startup Battlefield 200. TechCrunch Early Stage is a one-day event in Boston on April 25, designed to empower early-stage entrepreneurs and offer actionable insights.
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Late-stage startup funding up 3x in April
Economic Times
ยท
1y ago
Medial
Late-stage funding in Indian startups saw a significant increase in April 2024, reaching $545 million compared to $171 million in the same period last year. However, early-stage funding decreased to $120 million from $259 million. Experts believe that the surge in late-stage funding will drive hiring in the startup sector. The growth in funding can be attributed to companies like Meesho and API Holdings raising funds in Series F rounds. Despite the decline in overall funding during the first quarter of 2024, late-stage funding is seen as crucial for expanding market reach and scaling operations.
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