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Wavemaker Partners leads $1.6 Mn pre-seed round in Confluxe

EntrackrEntrackr · 1d ago
Wavemaker Partners leads $1.6 Mn pre-seed round in Confluxe
Medial

Former Myntra and AJIO executive Rajesh Narkar and H&M India executive Louis Coucke have launched Confluxe, a technology-enabled brand operating platform that helps global fashion and lifestyle brands enter and scale in India. The startup has raised $1.6 million in a pre-seed funding round led by Wavemaker Partners, with participation from Kriscore Capital. The fresh capital will be used to launch the company’s first brand partnerships, build its technology and data infrastructure, and expand its core team across brand operations, commerce, and growth, the company said in a press release. Confluxe aims to address a structural gap in India’s fashion and lifestyle ecosystem, where growing consumer demand for global brands contrasts with the fragmented and capital-intensive process of entering the market. The platform positions itself as an operating layer between global brands and the Indian market, combining market entry strategy, digital commerce, data-led merchandising, and a localized ‘Make in India’ supply chain to help brands scale efficiently. The Bengaluru-based startup will initially focus on onboarding its first brand partners and building the technology and operational foundations to support their growth in India.

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Exclusive: Vama set to raise fresh funds in pre-Series A round

EntrackrEntrackr · 5m ago
Exclusive: Vama set to raise fresh funds in pre-Series A round
Medial

Exclusive: Vama set to raise fresh funds in pre-Series A round Virtual spiritual app Vama is set to raise Rs 23.87 crore (around $2.7 million) in its pre-Series A round led by existing investor Wavemaker Partners with the participation of 500 Global, Venture Catalyst, 9Unicorns, Silver Needle Ventures, and other angel investors. The Vama’s board passed a resolution to issue 4,433 pre-Series A1 compulsory convertible preference shares at an issue price of Rs 53,466.8 per share to raise the mentioned sum, according to its filing with the Registrar of Companies (RoC). Wavemaker Partners will lead the round with an investment of Rs 11.37 crore, followed by 500 Global and Silver Needle Ventures with Rs 4.37 crore and Rs 3.2 crore, respectively. 9Unicorns will also participate with Rs 1.59 crore, while the remaining amount will be contributed by Venture Catalyst, Sadev Capital, and angel investors including Alok Nanavaty, Harit Nagpal, Swati Parikh, and Mahesh Kamdar. The company already received Rs 2.57 crore from Wavemaker partners in June 2025. According to the filing, the proceeds will be used to support business expansion and development needs. Vama is estimated to be valued at Rs 149 crore (around $17 million) post-money, according to Entrackr’s estimates. Founded in 2020 by Manu Jain and Acharya Dev, the Delhi-based startup offers virtual access to religious services such as e-pujas, e-darshans, and astrology consultations. Through its Android and iOS apps, it claims to have facilitated more than 1.5 lakh astrology and puja services worldwide. According to startup data intelligence platform TheKredible, Vama has raised around $5 million prior to this round. Following the latest allotment, Wavemaker will hold the largest external stake at 18.18%, while new investors 500 Global and Silver Needle Ventures will own 2.84% and 2.08%, respectively. The company’s promoters aka co-founders will collectively retain a 33.71% stake. For the fiscal year ending March 2025, Vama’s revenue doubled to Rs 19.5 crore, while its losses widened 33% to Rs 12 crore. It directly competes with AppsForBharat, which recently raised $20 million in a Series C round. Its other competitors include DevDham, Utsav App, Sutradhar, Ghar Mandir, and 27 Mantra.

Spike AI raises $1.9 Mn in pre-seed round led by Sorin Investment

EntrackrEntrackr · 7m ago
Spike AI raises $1.9 Mn in pre-seed round led by Sorin Investment
Medial

Spike AI raises $1.9 Mn in pre-seed round led by Sorin Investment Spike AI, a startup developing the first autonomous marketing intelligence system, has raised $1.9 million in a pre-seed funding round led by Sorin Investment. Co-investors include Bay Area-based Principal Venture Partners, GSI, and other strategic backers. Spike AI plans to accelerate MAGI’s rollout as a default operating system for marketing, targeting businesses seeking a data-driven alternative to fragmented tool stacks. Founded in 2024 by Deepesh Kumar and Shrestha Pratik, Spike AI replaces fragmented marketing tools and manual guesswork with its MAGI platform, an autonomous, self-driving growth engine. The platform’s adaptive, explainable AI aims to reimagine marketing orchestration much like Salesforce transformed CRM. MAGI continuously analyzes marketing channels, identifies bottlenecks, and deploys real-time improvements across websites, paid media, SEO, email, and influencer campaigns.

Piston closes $7.5 Mn seed round led by Spark Capital

EntrackrEntrackr · 9m ago
Piston closes $7.5 Mn seed round led by Spark Capital
Medial

Piston closes $7.5 Mn seed round led by Spark Capital Fintech startup Piston has closed its seed round at $7.5 million. The latest $6.1 million round was led by Spark Capital, with participation from Pear VC and BOND. It follows a $1.4 million pre-seed raised via the PearX accelerator. The proceeds will be used to expand go-to-market efforts and continue building its network across the US. Shivam Shah leads the India presence, with all engineering and parts of operations and customer success based there. Founded by former fleet operators Vikram Sekhon and Shivam Shah, Piston replaces card-based systems with a direct payment infrastructure that connects fleet drivers and fuel stations. The platform uses a QR-code-based system to link payments to vehicle, time, location, and fuel data, while stations connect directly to Piston’s network without hardware upgrades or intermediaries. Piston currently works with over 120 fleets and 800 gas stations, processing more than $20 million in annualized volume with a 50% monthly growth rate. Its headquarters is in Cupertino, with additional operations in Lehi and a 25-member engineering and operations hub in Kolkata, which is expected to double in size over the next year.

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

EntrackrEntrackr · 5m 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.

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