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Vijya Fintech raises Rs 7 Cr in an angel round

EntrackrEntrackr · 1y ago
Vijya Fintech raises Rs 7 Cr in an angel round
Medial

Wealth tech platform Vijya Fintech Private Limited (VFPL) has raised Rs 7 crore in an angel round bringing the total investment in the company to Rs 15 crore. The investors in the round include Lemon Tech, Lemon Emerging Ventures, Veloce Fintech, and tech experts. VFPL had raised $1 million (around Rs.8.25 crore) from multiple investors in November 2022. The funds will be strategically used in growth initiatives, ramp up go-to-market strategies, and expand market reach, the company said in a press release. Founded by Aakash Bansal, Paresh Paladiya and Rajesh Soni, VFPL’s wealth management platform offers easy integration for investors, distributors, advisors, and stockbrokers, delivering insights and solutions to financial intermediaries. The company said that over 2,000 intermediaries like mutual fund distributors (MFDs), registered investment advisors (RIAs) and stock brokers have been using their platform. The firm also plans to launch MIDASX, an innovative B2B2C marketplace to transform financial interactions.

TrusTerra bags $1 Mn in pre-seed round co-led by Finvolve & India Accelerator

EntrackrEntrackr · 4m ago
TrusTerra bags $1 Mn in pre-seed round co-led by Finvolve & India Accelerator
Medial

TrusTerra, an AI-backed marketplace for used electric vehicles (EVs), has raised Rs 9 crore in a pre-seed funding round co-led by Finvolve and India Accelerator, with co-investment from GrowthCap Ventures and participation from strategic angels including Shishir Maheswari, Samrath Jit Singh, Ayush Lohia, Kapil Nirmal and other investors. The proceeds will be deployed to scale TruEV Score, expand its web and mobile marketplace across India’s top EV adoption cities and into Tier-2 markets, strengthen partnerships with OEMs, NBFCs, banks, and dealers, and invest in senior technology, operations, and business development hires. Launched this year by Tanvir Singh, Saurabh Arora, Madhu Reddy, and Chanakya Agarwal, TrusTerra is an AI-driven marketplace for pre-owned electric vehicles, offering solutions such as TruEV Score™, TerraCash™, and TerraBid™ to bring transparency, trust, and liquidity to India’s fast-growing EV market. The platform aims to build the resale backbone of India’s EV revolution. “With our TruEV Score™ and instant-sell marketplace, TrusTerra is unlocking trust and liquidity in India’s pre-owned EV market,” said Tanvir Singh, co-founder & CEO, TrusTerra. Since inception, TrusTerra claims to have onboarded over 150 dealers, evaluated more than 2,000 used EVs for resale, and facilitated transactions worth over Rs 3 crore. Its TruEV Score™ is already being piloted with OEMs, NBFCs, and fleet operators, generating strong interest from lenders and manufacturers. The Delhi-based startup aims to certify 20,000 used EVs across over 20 cities, expanding its presence through its web and mobile marketplace that enables customers, dealers, and financiers to trade used EVs with verified battery scores and instant financing.

Infibeam Avenues to launch global agentic AI marketplace

EntrackrEntrackr · 9m ago
Infibeam Avenues to launch global agentic AI marketplace
Medial

Fintech platform Infibeam Avenues Ltd is preparing to launch a global marketplace focused on Agentic AI, according to PTI. The new platform, developed under its AI division Phronetic.AI, will allow users—ranging from enterprises to individual users—to build, buy, sell, and operate autonomous AI agents without coding. These AI agents are designed to perform various tasks across sectors such as finance, customer service, and logistics. The company aims to provide a no-code solution for task automation and workflow execution through this marketplace. Infibeam had previously acquired a 54.1% controlling stake in Rediff.com in 2023. The acquisition led to Infibeam founder Vishal Mehta being appointed chairman of Rediff. While initial plans included relaunching Rediff as a digital finance hub with services like RediffPay and RediffOne, the company has simultaneously been working on this Agentic AI platform. This move represents Infibeam’s re-entry into the marketplace space, with a focus on AI-driven applications. Vishal Mehta, an MIT and Cornell alumnus and former Amazon executive, is leading the initiative. Infibeam had earlier shifted its focus from e-commerce to fintech, with CCAvenue growing into one of India’s largest payment gateway platforms. The Agentic AI marketplace is expected to be launched soon.

Truboard Partners raises Rs 20 Cr led by Earth Fund

EntrackrEntrackr · 2d ago
Truboard Partners raises Rs 20 Cr led by Earth Fund
Medial

Truboard Partners raises Rs 20 Cr led by Earth Fund Asset performance platform Truboard Partners has secured Rs 20 crore ($2.2 million) in a funding round led by Earth Fund, an environment- and sustainability-focused venture capital platform. The Mumbai-based company had previously raised $2.7 million in July 2022. The proceeds will be used to strengthen its product foundation and scale the platform responsibly across asset classes, Truboard Partners said in a press release. Co-founded in 2020 by Srickant Rajagopal, Nandkumar Surti, and Vipul Thakore, Truboard Partners offers AI-driven asset performance management software that provides comprehensive portfolio intelligence to lenders, equity investors, and asset owners managing real and financial assets. The platform enables 360-degree visibility into investment performance, risk management, and operational efficiency, helping institutions optimise portfolio IRRs through data-driven decision-making. According to the company, its platform is used by investors and operators to manage complex, multi-asset portfolios across India’s real estate and energy markets, supported by recent expansions into the US and EU. Truboard Partners works with developers, lenders, and institutional investors, providing a common operating layer for portfolio management across real estate and energy assets, spanning both debt and equity structures. The company aims to address gaps in India’s real asset ecosystem by bringing structure and transparency to post-investment asset monitoring in real estate and clean energy infrastructure. By converting fragmented data into actionable insights, the platform reduces lender visibility timelines from months to days, improves risk management, and enables asset owners to generate 2–3% higher returns.

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