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Wearable startup NeoSapien raises $2 Mn in seed round led by Merak Ventures

EntrackrEntrackr · 1d ago
Wearable startup NeoSapien raises $2 Mn in seed round led by Merak Ventures
Medial

Wearable startup NeoSapien raises $2 Mn in seed round led by Merak Ventures AI wearable startup NeoSapien has raised 2 million dollars (Rs 18 crore) in a seed funding round led by Merak Ventures, with participation from a group of prominent angel investors, including Pixxel founder Awais Ahmed, Anupam Mittal, boAt co-founder Sameer Mehta, Namita Thapar, Aprameya Radhakrishna, and others. The Bengaluru-based startup had previously mopped up $92.4K from Namita Thapar and other investors. The fresh capital will be used to accelerate product development, enhance market visibility, and strengthen the team across functions, NeoSapien said in a press release. Co-founded in 2024 by Dhananjay Yadav and Aryan Yadav, NeoSapien is a next-generation AI company shaping the future of wearable intelligence. Its flagship product, Neo 1, is an AI-native wearable designed to transform everyday conversations into actionable insights. The startup aims to create a new category in personal technology, one that blends adaptive intelligence with human intuition. Neo 1 acts as a Personal AI Assistant, or a “second brain.” The always-on device builds persistent memory, reasons over time, and proactively surfaces insights at the right moment without demanding constant attention. Supporting more than 100 languages, it combines advanced contextual intelligence with hardware innovation, enabling users to capture, process, and organize everyday conversations and actions in real time. NeoSapien says it aims to build the operating system layer for all AI assistants — from glasses and pendants to watches and rings. Its NeoCore SDK will also enable businesses to build applications on top of this core intelligence layer. Managed by Manu Rikhye and Sheetal Bahl, Merak Ventures is a sector-agnostic early-stage venture fund that invests in companies solving real problems and creating large-scale impact in the B2B and emerging technology sectors.

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EntrackrEntrackr · 7m ago
SatLeo Labs raises $3.3 Mn in pre-seed round Merak Ventures
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SatLeo Labs, a spacetech company focused on thermal imaging from Low Earth Orbit (LEO), has raised $3.3 million in its pre-seed funding round led by Merak Ventures, with Huddle Ventures. GVFL, Java Capital, IIMA Ventures, PointOne Capital, and angel investors Manish Gandhi and Dheer Baldua have also participated. The proceeds will be used for SatLeo’s proprietary thermal imaging payload, team expansion, regulatory approvals, and infrastructure enhancements. Founded by Ranendu Ghosh and Shravan Bhati, SatLeo Labs is developing high-resolution thermal and visible imaging systems to deliver actionable data for applications in agriculture, energy, urban planning, and strategic surveillance. The Ahmedabad-based startup is building a dual-band, fused multispectral imaging system aimed at creating scalable solutions across climate-sensitive sectors. The platform estimates that its technology can help mitigate risks linked to climate change, including crop loss and wildfires, and contribute to emission reduction goals and sustainable development outcomes.

Clean Fanatics raises $2 Mn in seed round led by Inflection Point Ventures

EntrackrEntrackr · 5m ago
Clean Fanatics raises $2 Mn in seed round led by Inflection Point Ventures
Medial

Clean Fanatics raises $2 Mn in seed round led by Inflection Point Ventures Clean Fanatics, a premium platform offering home services, has raised Rs 17 crore ($2 million) in a seed funding round led by Inflection Point Ventures (IPV). The round also saw participation from Blume Founders Fund, Let’s Venture (now LVX), Trica, TiE Angels, and several prominent angel investors. The proceeds will be used to expand the team, upgrade the technology infrastructure, and scale new service verticals including civil construction and home renovation. Founded by BJ Arun, Clean Fanatics specializes in services such as deep cleaning, painting, marble polishing, and home renovation. The firm claims that it is currently generating a monthly recurring revenue (MRR) of Rs 2 crore in Bengaluru alone, servicing over 2,500 homes every month. Over the last 24 months, Clean Fanatics has grown its revenue by 8x, backed by strong customer referrals and operational efficiency.

Fragaria Fruits raises $2 Mn in seed round led by WEH Ventures

EntrackrEntrackr · 1m ago
Fragaria Fruits raises $2 Mn in seed round led by WEH Ventures
Medial

Fragaria Fruits raises $2 Mn in seed round led by WEH Ventures Farming company Fragaria Fruits has raised $2 million in a seed funding round led by WEH Ventures, along with participation from Rainmatter, Spiral Ventures, and angel investors such as Sashi Kumar. The startup had previously raised Rs 1.5 crore in a pre-seed funding round. The fresh funds will be utilized to scale its operations in Bengaluru, expand its premium fruit portfolio to include blueberries and raspberries, and provide a year-round supply of high-quality, sustainable produce to the Indian market, Fragaria said in a press release. Co-founded in 2024 by Harish Varadharajan, Timothy Chad Van Niekerk, and Damian López-Salazar, Fragaria Fruits aspires to address a critical gap in India’s fruit industry: the lack of consistently high-quality, fresh fruit available year-round. It aims to redefine the fruit-eating experience for Indian consumers by delivering premium, sustainably grown produce using world-class farming techniques. According to the Chennai-based startup, its flagship brand, Oh! Fruits, offers European strawberries grown in Chennai using advanced vertical farming technology, which are twice as sweet as conventional Indian varieties, pesticide-free, and have a shelf life up to three times longer than typical market options. The company’s commitment to sustainability is reflected in its water recycling systems, solar power integration, and efforts to reduce the environmental footprint of farming while maintaining affordability. By using Controlled Environmental Agriculture (CEA) and vertical farming, Fragaria has built a sustainable and scalable model to grow premium strawberries year-round. It plans to expand production in Bengaluru, increasing daily output from 2–3 kg to 120–150 kg. The startup doesn't have any local brands to compete with for fruits, but there are limited imported fruit brands in India, such as Driscoll’s (berries), Zespri (kiwi), and Rockit (apples).

AbleCredit raises seed round led by Merak Ventures

EntrackrEntrackr · 1y ago
AbleCredit raises seed round led by Merak Ventures
Medial

AI credit underwriting company AbleCredit has raised $1.25 million or about Rs 10 crore in its seed round led by Merak Ventures. The round also saw participation from Venture Catalysts and Helios Holdings (Suraj Nalin). This is the fourth investment from Merak Ventures this year. The proceeds will be used to scale its AI operations, along with business growth and expansion, AbleCredit said in a press release. Founded by Utkarsh Apoorva, Harshad Saykhedkar, Ashwini Prabhu, and Anubhab Bandyopadhyay, the startup is developing generative AI models with voice, vision and language capabilities that function like an AI Assistant to the credit team and can generate credit reports on a case to case basis, while adhering to the Credit Policy and guidelines. AbleCredit’s model can be used even in the informal sector, which forms a bulk of new-to-credit customers, and is extremely data scarce. With this model, AbleCredit claims to have effectively increased underwriting speed by over 20x and decreased underwriting costs by enhancing the throughput of credit processes by 12x. Early-stage venture capital firm Merak Ventures had launched a $100 million fund in November 2022 with plans to invest in up to 20 startups over the next three to four years.

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