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Wealthtech Startup Infinyte.Club Bags $3.6 Mn From Elevation Capital, Others

Inc42 · 1y ago

Wealthtech Startup Infinyte.Club Bags $3.6 Mn From Elevation Capital, Others

Bengaluru-based startup, founded in 2023, has secured funding to enhance their technology and expand their team. The funding round included participation from notable angel investors such as Kunal Shah, Vidit Aatrey, Gaurav Munjal, Sanket Shah, Varun Dua, and Harshil Mathur. The startup's platform allows members to track their assets, manage equity portfolios, and access the value of their stock options.

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Dezerv Raises $32 Mn From Premji Invest, Others At A Valuation Of Over $200 Mn

Inc42 · 1y ago

Dezerv Raises $32 Mn From Premji Invest, Others At A Valuation Of Over $200 Mn

Dezerv, a wealthtech startup, has received a $20 million investment from Premji Invest in its Series B funding round. Existing investors, including Elevation Capital, Matrix Partners, and Accel Partners, also participated in the funding. Established in 2021, Dezerv claims to have managed assets worth over INR 6,000 crore since its inception.

Truva, 4baseCare, two others secure early-stage funds

VCCircle

VCCircle · 1y ago

Truva, 4baseCare, two others secure early-stage funds

On Monday, early-stage funds were secured by several startups including 4baseCare, Infinyte.Club, Truva, HealthCRED, and Haldèn. 4baseCare, an oncology solutions startup, raised $6 million in a Series A funding round to enhance its product offerings and scale up operations across Asia. Infinyte.Club, a wealth management platform, raised $3.6 million in a seed round to provide its members access to private company stocks. Truva, a real estate technology platform, secured $3 million to expand its team, enhance products, and raise debt for working capital. HealthCRED, a healthcare financing startup, raised undisclosed funds to address the working capital gap in hospitals. Haldèn, a luxury men's brand, raised Rs 5 crore to expand its product range.

UnifyApps Bags $20 Mn To Expand Its AI Enterprise Play

Inc42 · 9m ago

UnifyApps Bags $20 Mn To Expand Its AI Enterprise Play

Former SVP of sales at Sprinklr, Haitham ElKhatib, has joined UnifyApps as cofounder and chief revenue officer. UnifyApps is a company that automates workflows and connects different applications efficiently. In May, the startup raised $11 million in a seed funding round led by Elevation Capital.

Sykdo Bags $5 Mn To Streamline Cross-Border Online Payments For Small Businesses

Inc42 · 1y ago

Sykdo Bags $5 Mn To Streamline Cross-Border Online Payments For Small Businesses

Skydo, a payment technology company, has raised an undisclosed amount in a funding round led by Elevation Capital. The round also saw participation from several angel investors. This marks the second equity investment for Skydo, following a $5 million raise in its first institutional round from Elevation Capital in 2022. The funding comes as the company awaits a payment aggregator cross-border license from the Reserve Bank of India (RBI).

SUGAR Cosmetics to raise $4.5 mn from Anicut, Malabar

Inshorts · 9m ago

SUGAR Cosmetics to raise $4.5 mn from Anicut, Malabar

Mumbai-based D2C Sugar Cosmetics is set to raise $4.5 million in what seems to be a tranche of funding from a host of investors, including Anicut Equity Continuum Fund, Elevation Capital, Malabar Investment and L Catterton among others. As per Inc42’s calculations, the startup secured the fresh funding round at a valuation of ₹2,600-₹2,700 crore.

Peak XV Partners leads $40-mn Series B in Scapia

VCCircle

VCCircle · 4m ago

Peak XV Partners leads $40-mn Series B in Scapia

Scapia, a travel fintech startup focused on co-branded credit cards for Gen Z and millennials, raised $40 million in a Series B funding round led by Peak XV Partners, with backing from Elevation Capital and others. The funding will enhance product offerings, leverage AI, and foster growth. Scapia's credit card offers no fees, high rewards, and exclusive travel benefits. The startup previously raised $23 million in Series A and $9 million in seed funding.

Plotline Bags $2.6 Mn To Personalise App Experience For Brands

Inc42 · 1y ago

Plotline Bags $2.6 Mn To Personalise App Experience For Brands

Enterprise tech startup Plotline has raised $2.6 million in seed funding from Elevation Capital. Plotline helps consumer brands create personalized and dynamic app experiences based on user behavior. The funding will be used to enhance research and development, marketing, and sales functions, as well as expand into markets such as the US, Middle East, Africa, and Asia-Pacific regions. Plotline claims to have served over 50 consumer apps and more than 150 million end users, offering content creation and user experience optimization through analyzing billions of data points. The Indian enterprise tech sector has seen significant growth in recent years, attracting investment and fostering innovation.

Spacetech startup PierSight bags $6 Mn to develop satellites for maritime surveillance

Inc42 · 1y ago

Spacetech startup PierSight bags $6 Mn to develop satellites for maritime surveillance

Ahmedabad-based spacetech startup PierSight has raised $6 million in a seed funding round co-led by Alpha Wave Ventures and Elevation Capital. The company plans to use the funds to procure and test critical hardware, expand its team, and launch demo and operational satellites. PierSight is building a constellation of Synthetic Aperture Radar (SAR) and Automatic Identification System (AIS) integrated satellite technology for ocean monitoring. The startup aims to provide 30-minute interval monitoring capabilities to sectors such as shipping, insurance, defense, coastguard, and oil and gas. It also plans to design and launch a demo satellite on ISRO's PSLV platform.

OmniCard Bags $3 Mn Funding

Inc42 · 1y ago

OmniCard Bags $3 Mn Funding

OmniCard, a spend management startup, has raised $3 million in a pre-Series A funding round led by Ankurit Capital and Taisys. The company plans to expand its customer base from 2 million users to 10,000 enterprises by FY 2027. This investment also represents Taisys' first investment in an Indian startup.

Suraasa Bags $6 Mn To Upskill Teachers For Global Opportunities

Inc42 · 10m ago

Suraasa Bags $6 Mn To Upskill Teachers For Global Opportunities

Suraasa, an edtech startup offering competency-based skilling programs for teachers, has raised funding in a round led by Reach Capital. Other participants included ETS Capital, NB Ventures, TSM Ventures, and TRTL Ventures, among others. The funding will be used to expand globally, build its team, and enhance its technology infrastructure. Founded in 2017 by Rishabh Khanna, Suraasa aims to provide teachers with the necessary skills to thrive in today's education landscape.

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