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Tribe Stays raises $2.8 Mn led by Artha Venture and Riverwalk

EntrackrEntrackr · 3h ago
Tribe Stays raises $2.8 Mn led by Artha Venture and Riverwalk
Medial

Snippets Tribe Stays raises $2.8 Mn led by Artha Venture and Riverwalk Hospitality brand Tribe Stays has raised $2.8 million (Rs 24 crore) in a seed round co-led by Artha Venture Fund and Riverwalk Holdings. Kunal Khanna, Krishna Jain, and several HNIs and family offices also participated. The proceeds will be used to expand its portfolio across its three sub-brands: Tribe Student Accommodation, Tribe Commune, and Tribe Suites. Tribe Stays operates 650 beds in Pune and plans to add 1,000 more this financial year. The firm aims to scale to 25,000 beds across tier I and tier II cities including Hyderabad, Bengaluru, Mumbai, Gurugram, and Pune. Founded by Yogesh Mehra, Tribe Stays operates premium long-stay accommodation under three sub-brands: Tribe Student Accommodation, Tribe Commune, and Tribe Suites. The company provides managed living spaces for students, professionals, corporates, and executive guests across major Indian cities. Tribe plans to partner with universities and companies that require managed accommodation for relocation and long-stay needs.

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RevOps startup Clientell raises $2.5 Mn in seed round

EntrackrEntrackr · 1y ago
RevOps startup Clientell raises $2.5 Mn in seed round
Medial

RevOps startup Clientell has raised $2.5 million in its seed round led by Blume Ventures. The round also saw participation from Chiratae Ventures, Artha Venture Fund and Silicon Valley-based Z5 Capital. Earlier to this round, the startup had raised $600,000 from Chiratae Ventures’ sonic cohort at the end of 2021, co-led by Artha Venture fund. The fresh proceeds will be used to strengthen its product and expand the team, the company said in a press release. Founded in 2021 by Saahil Dhaka and Neil Sarkar, Clientell helps businesses improve revenue generation efficiency by introducing AI copilots to boost their go-to-market (GTM) execution and optimize pipeline governance and forecasting. The Bengaluru-based startup deploys custom forecasting processes and ML models for each customer rather than using a one-size-fits-all approach. With its AI copilot, Clientell claims to have enabled its users, primarily chief revenue officers and Go-to-market leaders, to boost GTM execution and optimize pipeline governance and forecasting. Currently, the startup is working with initial design partners and early adopters spanning growth-stage SaaS companies and large pharmaceutical companies.

InstaAstro raises $2.3 Mn led by Artha Venture Fund

EntrackrEntrackr · 1y ago
InstaAstro raises $2.3 Mn led by Artha Venture Fund
Medial

Online astrology platform InstaAstro has raised Rs 18.50 crore in its pre-Series A round led by Artha Venture Fund. The round also saw participation from LogX Ventures, Singularity Ventures, IR Capital Partners, Blume Founders Fund and Aloke Bajpai, MD & CEO of Ixigo. In November 2021, InstaAstro had raised Rs 3.2 crore in a seed round led by Artha Venture Fund along with Ramakant Sharma’s LogX Ventures. With fresh funds, InstaAstro is launching new spiritual e-commerce, daily pooja, and reiki healing services. As per the company, these offerings would deepen the platform’s user engagement and provide access to a comprehensive spiritual and astrological guidance ecosystem. Founded by Nitin Verma, InstaAstro claims to have over 200,000 monthly app installs, 50,000 minutes per day in consultations, and an ARR of $5 million. It offers horoscopes, tarot readings, and numerology in English, Hindi, and various regional languages. The startup has a total user base of over 5 million users and provided a cumulative consultation of more than 2 crore (20 million) minutes to its subscribers in FY24. The firm has 1,500 astrologers on its platform. It competes with GaneshaSpeaks, AstroTalk, Click Astro, and Bodhi. In the past 12 months, a clutch of astro and spiritual tech startups raised funds. The list included AstroTalk, Vama, Utsav, DevDham (previously DevDarshan), and Melooha. As per Entrackr’s sources, Bodhi is also in talks to raise a new round. AstroTalk had raised the largest funding ($20 million) among the astro and spiritual tech startups.

Startup news and updates: Daily roundup (September 13, 2024)

YourStoryYourStory · 1y ago
Startup news and updates: Daily roundup (September 13, 2024)
Medial

Futwork, a mobile app-based contact center solutions provider, has raised Rs 21 crore ($2.8 million) in a Series A funding round led by the Michael & Susan Dell Foundation and Artha Venture Fund. The funds will be used to scale the company's product and roll out AI solutions across voice, chat, email, and WhatsApp. Newmi Care, an outpatient care platform focused on women's health, has raised $1.5 million in a seed funding round led by Sprout Venture Partners. Agilitas Sports has partnered with Spring Marketing Capital to build global capabilities. CarDekho Group has appointed Sudarshan Sarma as chief business officer of its New Auto unit. People Matters has named Pushkaraj Bidwai as its new CEO.

Debt relief platform FREED raises $7.5 Mn in Series A

EntrackrEntrackr · 1y ago
Debt relief platform FREED raises $7.5 Mn in Series A
Medial

Debt relief platform FREED has raised Rs 60 crore ($7.5 million) in its Series A round led by Sorin Investments and Multiply Ventures, with participation from Piper Serica and other institutional funds. In May 2022, FREED raised $2.8 million in a pre-Series A round led by Inflection Point Ventures. With this latest investment, FREED aims to accelerate its growth trajectory, deepen its impact, and continue pioneering advancements in the debt relief landscape. Founded in August 2020 by Ritesh Srivastava, FREED assists individuals in navigating their debt challenges effectively. The company claims to have enrolled over 1,200 crore in stressed retail debt on its platform across more than 25,000 customers pan India. Besides FREED, Loan Settlement, Single Debt, and CreditQ, among others also compete in this segment. Sorin Investments, a venture capital firm set up by KKR’s Sanjay Nayar and Caravel Group’s Angad Banga, raised $100 million from multiple family offices for its debut fund in July 2022. Its portfolio includes Uniqus and Venwiz.

ClickPost raises $6 Mn in Series A round

EntrackrEntrackr · 1y ago
ClickPost raises $6 Mn in Series A round
Medial

Shipping intelligence platform ClickPost has raised $6 million in its Series A round led by Inflexor Ventures Partners and Athera Venture Partners. The round also saw participation from Riverwalk Holdings and an existing investor Rebright Partners. Previously, the startup had raised an undisclosed amount in seed round in April 2020. The funding will be used for launching new AI-driven modules, global growth and hiring, the company said in a press release. Initially launched as a developer tool to help engineers integrate with courier APIs, ClickPost pivoted to provide a post-purchase experience platform for brands. Founded by Naman Vijay, ClickPost is an all-in-one logistics management platform that provides everything from accurate delivery dates in the pre-purchase journey to multi-carrier integration, tracking visibility, returns and exchange management, and omnichannel enablement. The firm said that it has helped large fashion retailers convert more than 35% of their returns to exchanges, and has helped others improve shipping NPS by upto 40%. The startup claims to have tracked more than 1 million shipments daily, and is aiming to grow 5x in the next 2 years. Over 300 eterprises across India, North America, APAC, and the Middle East use ClickPost.

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