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UnifyApps raises $50 Mn in Series B led by WestBridge

EntrackrEntrackr · 4h ago
UnifyApps raises $50 Mn in Series B led by WestBridge
Medial

UnifyApps, an enterprise AI platform provider, has raised $50 million in its Series B round led by WestBridge Capital, with participation from ICONIQ and others. With this, the company’s total funding now stands at $81 million. In November last year, UnifyApps had raised $20 million in its Series A round led by ICONIQ Growth and others. As part of the round, Ragy Thomas, an early investor and enterprise software veteran, has joined as Chairman and co-CEO alongside co-founder and CEO Pavitar Singh. The proceeds will be used to expand its team and European operations, strengthen platform development, and deepen integrations across enterprise systems, UnifyApps said in a press release. Founded in 2023, UnifyApps provides a low-code/no-code AI operating system for enterprises that connects systems of record, knowledge, and activity across platforms such as Salesforce, Workday, and corporate intranets. Its LLM-agnostic architecture allows organizations to integrate data, apply AI models, and automate workflows within existing enterprise tools. Its Six-Layer Enterprise AI Architecture covers system integration, data and ontology management, workflow automation, application experience, and deployment of autonomous agents. This helps organizations turn fragmented GenAI pilots into scalable, production-ready AI systems. UnifyApps counts among its clients HDFC Bank, Deutsche Telekom, Contentstack, Sirion Labs, Belcorp, WalkMe, Air Arabia, Liva Insurance, and several government entities in the UAE. Its platform is used to automate HR, claims, and supply chain operations while improving workflow efficiency. UnifyApps claims to have grown over 600% year-on-year and serves customers across retail, banking, telecom, healthcare, travel, and public sector industries.

Related News

Eloelo kicks off Series B round with $13 Mn

EntrackrEntrackr · 6m ago
Eloelo kicks off Series B round with $13 Mn
Medial

Social gaming and live streaming platform Eloelo is raising Rs 114 crore (approximately $13 million) in its Series B round led by Play Ventures Investments with participation from Gameskarft Technologies, Kalaari Capital, and WestBridge Capital. The board has passed a resolution to issue 1,696 Series B compulsory convertible preferred shares at Rs 6,73,997 each to raise the funds, according to a regulatory filing. Play Ventures is investing Rs 34.7 crore, Gameskraft Technologies Rs 21.7 crore, WestBridge Capital Rs 8.7 crore, and Kalaari Capital Rs 13 crore. Additional investments are being made by Countryside Ventures, Rocket Capital, MIXI Global, and Veenita and Vinay Mittal. Eloelo has raised over $50 million to date, including a $22 million pre-series B round co-led by Courtside Ventures and Griffin Gaming Partners. Post-transaction, Play Ventures will hold 3.38%, Countryside Ventures 4.46%, Gameskraft 2.12%, and Kalaari Capital 6.35%. Founded by Saurabh Pandey and Akshay Dubey, Eloelo offers live games and entertainment with native activities like tambola and antakshari. It features over 50 live games and more than 1,000 daily live streams. The social gaming and live streaming space in India is evolving with platforms like Loco, Rooter, and Turnip in gaming, while Chingari, ShareChat, and Bolo Live expand into live and casual gaming.

UnifyApps raises $20 Mn in Series A, appoints new co-founder

EntrackrEntrackr · 11m ago
UnifyApps raises $20 Mn in Series A, appoints new co-founder
Medial

Unified enterprise AI agent platform UnifyApps has raised $20 million in its Series A funding round, led by ICONIQ Growth, with participation from existing investors, including Elevation Capital. This latest round brings the company’s total funding to $31 million. In May, the firm raised $11 million in a seed round led by Elevation Capital. Over the past year, UnifyApps has developed a robust platform to connect and automate enterprise systems. Designed for scalability, UnifyApps integrates deeply with all the SaaS applications within an organization, allowing teams to manage all their data in one place, automate workflows, and create advanced applications using a no-code approach. UnifyApps now enables teams to build custom AI agents trained on their enterprise’s knowledge base, benefiting departments across the organization—from IT to HR to Sales. The platform offers tools for observability, compliance, and fine-tuning, ensuring that AI agents meet standards for accuracy, security, and auditability. Co-founded by Pavitar Singh, Sumeet Nandal, Abhishek Kurana, Rachit Mittal, Abhinav Singi, Rahul Anishetty, Kavish Manubolu, and Shivam Satrawal, UnifyApps has appointed Haitham ElKhatib as the company’s new Chief Revenue Officer and co-founder. Before joining UnifyApps, ElKhatib served as the Senior Vice President of Sales for Growth Markets at Sprinklr. According to the company, it has gained significant traction with early customers, including one of the leading banks, a leading telecommunications provider, and a leading security company, amongst many others. The company has also expanded its team to over 150 employees and established new offices in Gurugram, Dubai and New York.

Otipy raises $2 Mn in venture debt from Nuvama

EntrackrEntrackr · 7m ago
Otipy raises $2 Mn in venture debt from Nuvama
Medial

Otipy, a farm-to-fork company, has raised $2 million in venture debt from Nuvama Asset Management Limited. This raise comes ahead of its $10 million equity round as reported by Entrackr earlier. Otipy will use these funds for general corporate purposes. Otipy operates a farm-to-fork delivery model by procuring directly from farmers and delivering fresh produce to consumers every morning. Currently, it operates in Delhi-NCR and Mumbai, with plans to launch in Hyderabad, Bengaluru, and Chennai. The Varun Khurana-led company has raised $46 million to date, including its $32 million Series B round led by Westbridge Capital in 2022. According to the startup data intelligence platform TheKredible, SIG Global is the largest external stakeholder in the firm, followed by WestBridge Capital. Recently, Otipy introduced electric carts in Gurugram as part of a pilot project to sell fruits and vegetables offline. The firm plans to organize the pushcarts through a franchise model and expand its services to other cities, including Mumbai. For the fiscal year ending in March 2024 (FY24), Otipy claims to register Rs 175 crore in topline.

Way2News raises $14 Mn in Series B led by WestBridge

EntrackrEntrackr · 1y ago
Way2News raises $14 Mn in Series B led by WestBridge
Medial

Hyperlocal news platform Way2News has raised $14 million in its Series B round led by WestBridge Capital, with participation from venture capitalist Sashi Reddi. With the fresh proceeds, Way2News will focus on scaling operations, enhancing technology, and expanding its presence in the South Indian market, the company said in a press release. In June 2022, the Bengaluru-based firm scooped up $16.75 million in Series A round. Founded in 2015, Way2News claims to have 6.5 million daily active users, 13 million monthly active users, and more than 50 million downloads across app stores. Hyderabad-based Way2News offers short, relevant, and reliable news stories extending beyond districts to villages and mandals in their local language such as Telugu, Tamil, Kannada, Malayalam, Marathi, Bengali, and Gujarati from trusted local sources. According to startup data intelligence platform TheKredible, Way2News increased its operating revenue by 6% to Rs 29 Cr in FY23 from Rs 27.35 Cr in FY22. Way2News had a loss of Rs 15.14 Cr in FY23 whereas it made a profit of Rs 4.78 Cr in FY22. In the news aggregation space, Way2News faces competition from InShorts, Dailyhunt, Inshorts’ Public app and Feedly.

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