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

EntrackrEntrackr · 19d 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.

Nuuk raises $5 Mn in Series A round led by Vertex Ventures

EntrackrEntrackr · 10m ago
Nuuk raises $5 Mn in Series A round led by Vertex Ventures
Medial

D2C home appliances brand Nuuk has raised $5 million (Rs 40 crore) in a Series A funding round led by Vertex Ventures SEAI. The round also saw participation from existing investor Good Capital and angel investors such as Rohit Kapoor (Swiggy), Vivek Gambhir (Boat and Godrej Consumer), Richard Rekhy (KPMG India), Suhail Sameer (BharatPe), Taru Kapoor (Tinder India & South Asia), and Deep Bajaj (Sirona Hygiene). The proceeds will be used to deepen its product portfolio across the home environment, vacuum cleaners, and meal preparation, while also expanding into smart IoT devices and other high-performance home solutions. Founded by Gazal Kalra (co-founder Rivigo) and Shalabh Gupta (Noise), Nuuk provides products in four categories: fans, vacuum cleaners, garment care, and juicers and blenders. Currently, Nuuk manufactures only 20% of its products in India, while the remaining 80% are imported from China. However, co-founder Shalabh Gupta stated that the startup aims to produce over 50% of its products in India by the end of the financial year 2025-26 (FY26). Besides its own website, Nuuk also sells its products via e-commerce marketplaces. Nuuk competes against the likes of Philips, Bajaj, Atomberg, LifeLong Group, among others.

IndiGrid raises $4 Mn led by Cactus Venture Partners

EntrackrEntrackr · 3m ago
IndiGrid raises $4 Mn led by Cactus Venture Partners
Medial

IndiGrid raises $4 Mn led by Cactus Venture Partners Electric vehicle (EV) component maker IndiGrid Technology has raised $4 million (about Rs 35.2 crore) as part of a strategic funding round from existing investor Cactus Partners. Electronics systems design and manufacturing startup IndiGrid Technology has raised $4 million (about Rs 35.2 crore) as part of a strategic funding round from existing investor Cactus Partners. The proceeds will be allocated towards expanding production capacity and offerings, enhancing automation, ramping up hiring and broadening presence both in India and other global markets, IndiGrid Technology said in a press release. Co-founded in 2015 by Sameer Narang and Rishab Puri, IndiGrid Technology is a full stack electronics component manufacturer with in-house design and manufacturing capabilities. The electronics system design and manufacturing (ESDM) startup makes battery packs, motor controllers, vehicle control units, components for EV drivetrains, among others. “Having matured in the automotive industry, we have diversified to increase our product portfolio by acting on the evidently growing market traction in the consumer goods sector where we began acquiring some key clients,” said Sameer Narang, co-founder of IndiGrid Technology. The latest round comes more than a year after Cactus Partners led IndiGrid’s $5 million Series A round in June 2024. Since then, the company has diversified into consumer electronics and now also caters to companies like Hella, Rosenberger, Sensetek, Sandhar, IFB, Revolt, among others. IndiGrid reported a revenue of Rs 108.5 crore in the fiscal year 2024-25 (FY25) and it is targeting a top line of Rs 350 crore to Rs 380 crore in FY26. It claims to operate at high single-digit EBITDA margin and projects to clock double-digit EBITDA margin growth in the next couple of years.

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